US crude output rose in January to highest since March 2020 - EIA

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW YORK, March 31 (Reuters) - U.S. field production of crude oil rose in January to 12.46 million barrels per day, the highest since March 2020, Energy Information Administration data showed on Friday.


U.S. product supplied of crude and petroleum products - a proxy for demand - rose to 19.54 million bpd, highest since November 2022, EIA data showed. Product supplied of finished motor gasoline fell in January to 8.28 mln bpd, lowest in a year. (Reporting by Stephanie Kelly and Scott DiSavino)

Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.