North Dakota Oil Production Falls to Lowest Since January

North Dakota’s crude oil production declined by about 50,000 barrels per day (bpd) in May compared to April, marking the lowest monthly output in the state since the freeze in January which curtailed output. Oil production in North Dakota stood at 1.195 million bpd in May, down by 3.9% from 1.24 million in April, the North Dakota Department of Mineral Resources said in its monthly release on Tuesday. The decline in May production was “a little surprising” but likely due to the road restrictions still in place and lower-than-expected…