Categories: Economy

US oil manufacturing fell to an 11-month low in January, EIA knowledge reveals


NEW YORK (Reuters) – U.S. crude oil manufacturing fell by 305,000-barrels-per-day (bpd) to 13.15 million bpd in January, the bottom since February 2024, knowledge from the U.S. Vitality Info Administration confirmed on Monday.

That was the largest decline in month-to-month U.S. oil output since January final 12 months, the information confirmed. The EIA additionally lowered its estimate of file U.S. oil manufacturing in December by about 40,000 bpd to 13.45 million bpd.

(Reporting by Shariq Khan and Scott DiSavino in New York)

admin

Recent Posts

US Economic system Was Already Sputtering Earlier than Commerce Ache Kicked In

(Bloomberg) -- Subscribe to Economics Each day for the newest information and evaluation. After cruising…

2 hours ago

People count on the financial system to bitter — here is when the information may present it

People are feeling more and more downbeat in regards to the financial outlook. Some Wall…

8 hours ago

How Powell may gain advantage Trump as a ‘scapegoat’ if financial system slumps

President Trump backed away from his threats to take away Federal Reserve Chair Jerome Powell.…

8 hours ago

Home GOP Drafts Cuts to Federal Worker Pension System

(Bloomberg) -- Federal worker pension advantages are set to be pared again in Republicans’ big…

9 hours ago

What To Anticipate From Wednesday’s Report On Financial Development

Eric Thayer/Bloomberg by way of Getty Photos The U.S. GDP is anticipated to have grown…

10 hours ago

World breathes sigh of reduction as Trump spares Fed, IMF

By Francesco Canepa, Jan Strupczewski and Leika Kihara WASHINGTON (Reuters) -International policymakers gathering in Washington…

13 hours ago