Crude oil production in the United States is set to decline for the fifth month in a row in February, according to the Energy Information Administration. In its latest Drilling Productivity Report, the EIA said that production across the shale patch in February was set to be 2,000 barrels daily lower than it was in January, at 9.68 million bpd. The only play where production is set to continue growing next month is the Permian, where output is seen rising to 5.974 million bpd from a forecast 5.97 million bpd this month. However, the EIA has not…
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