U.S. Crude Production Sinks In May

U.S. field production of crude oil fell in May to an average of 11.595 million barrels per day (bpd), new data from the Energy Information Administration showed on Friday. That figure is down from 11.652 million bpd in April—a 57,000 bpd decline. May’s production figures are just 239,000 bpd above where they were at the same time last year, and 1.247 million bpd below pre-Covid levels. U.S. crude oil production fell in May in PADDs 1 and 3, and rose in PADDs 2, 4, and 5. The largest state gain by far was in North Dakota, which saw its…