US oil output fell 6% in January -- EIA ...Middle East

forex live - News

I don't think this will come as a surprise to the oil market -- which is closed today -- but the EIA says the US crude production fell to 12.533 mbpd in January, a drop of 6% from December.A good portion of that was due to cold weather freezeoffs but it also highlights producer discipline. Texas production fell 5% while in North Dakota it fell 13%.That will likely bounce back in February but there is tentative evidence that the breakneck pace of 2022-23 production growth is done. If so, that should allow OPEC to slowly bring back barrels starting in H2.Here's a good chart to illustrate the shale treadmill. This article was written by Adam Button at www.forexlive.com.

Hence then, the article about us oil output fell 6 in january eia was published today ( Friday 29/03/2024 - 07:44 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US oil output fell 6% in January -- EIA )

Last updated : 29 March 2024 clock 07:44 PM

Also on site :

US oil output fell 6% in January -- EIA ...Middle East

Winners of The Great New Year’s Bake Off revealed

Around 40 people killed and 115 injured after New Year fire in Swiss bar

Firework accidents kill two in Netherlands as fire ravages Amsterdam church

Israeli forces assault 4 Palestinians in Jaba& 039;a, south of Jenin, cause a house fire in & 039;Aboud, north of Ramallah

Oklahoma expected to fire position coach after 5 seasons, per report

European banks plan to cut 200,000 jobs as AI takes hold

Are trash and recycling collected on New Year's Day in the Chicago area?

'Baylen Out Loud' Fans Are 'Sobbing' Over Baylen & Her Mom Watching the Season 2 Finale

Chargers quarterback Justin Herbert gets an MVP endorsement

Driver extricated after car crashes into Ukiah building late Wednesday

Oklahoma Fires Offensive Coach After Late-Season Struggles

Japan Times 1926: Premier Kato is dead; victim to influenza after short illness

‘Today begins a new era’: Zohran Mamdani begins term as NYC mayor with historic swearing-in

Lifeguards rescue adult, child trapped in car in Fashion Valley

King ‘greatly saddened’ by Swiss bar fire tragedy