U.S. crude production fell 30,000 barrels per day (bpd) to 10.44 million bpd in May, as production declines in the Gulf of Mexico overshadowed gains in output from major shale basins. Production increased in Texas, New Mexico, North Dakota and Ohio in the month, according to a production report from the Energy Information Administration. Production in North Dakota rose by 25,000 bpd, while Texas saw output climb 20,000 bpd in the month. Offshore production in the Gulf of Mexico declined 75,000 bpd, or nearly 5 percent in the month, and was down more than 10 percent from a year earlier. As a result, total U.S. crude output fell from a revised 10.47 million bpd in April, according to the report released on […]