US crude oil production declined at the beginning of the year due to cold weather

by times news cr

2024-03-29T16:00:19+00:00

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/ The US Energy Information Administration announced on Friday that US crude oil production in January fell to 12.533 million barrels per day, a six percent decline from December, after cold weather disrupted some production.

Data from the US Energy Information Administration showed on Friday that crude oil production in Texas also fell in January to 5.361 million barrels per day, a decline of about five percent from the previous month, and production in North Dakota fell by about 13 percent to 1.122 million barrels per day. today.

Crude oil and gasoline inventories in the United States rose, while distillates fell in the week ending March 22.

The US Energy Information Administration said on Wednesday that crude inventories rose by 3.2 million barrels to 448.2 million last week, compared to expectations of analysts polled by Reuters that they would rise by 1.3 million barrels.

She added that crude oil inventories at the delivery center in Cushing, Oklahoma, increased by 2.1 million barrels per day in the week ending March 22.

She added that crude consumption in refineries rose by 147,000 barrels per day in the week ending March 22.

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