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US oil output fell in Sept by the most since Jan, EIA says
U.S. crude oil output fell by 157,000 barrels per day (bpd) month-over-month to 13.20 million bpd in September, the largest decline since January, data from the U.S. Energy Information Administration (EIA) showed on Friday. The decline comes as a number of oil and gas production facilities in the U.S. Gulf of Mexico faced prolonged closures in September as Hurricane Francine and Hurricane Helene churned through the region before making landfall. Output from the U.S. offshore Gulf of Mexico fell 12% month-over-month in September to 1.58 million bpd, the lowest in three years, EIA data showed on Friday. In Texas, the ... (full story)
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- Posted: Nov 30, 2024 4:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 97
