Gold Silver Reports (GSR) – The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was forecast to climb by 63,000 bpd to about 3.7 million bpd in December, the U.S. Department of Energy’s Energy Information Administration (EIA) said.
Shale Oil
Crude Oil Prices Slip After Posting Strong Gains
Gold Silver Reports → Crude Oil Prices Slip After Posting Strong Gains the previous session on the back of an expected drop in U.S. production, but which analysts expect to be countered by rising output from Iran.