US crude production fell in January. The country produced 12.5 million barrels of oil per day in the first month of the year, which is at least six percent less than in December. Oil production in the country has decreased due to severe winter. On Friday (March 29), the information released by the Energy Information Administration Department revealed such a picture.
Texas is the largest producer of crude oil in the United States. Production there was 5.4 million barrels per day in January, down 5 percent from the previous month. At the same time, production in North Dakota fell 13 percent.
Winter storms in January cut oil production. At that time, the United States was hit by heavy snowfall and heavy rains.
Meanwhile, on Saturday (March 30), the price of West Texas Intermediate rose to 83.17 dollars per barrel. The price of Brent crude rose to 87 dollars.
On the other hand, a bridge collapsed due to a ship collision in Maryland, USA. For how many days the broken part of the bridge is lying in the river. So the authorities have taken initiative to remove them. In the meantime, a huge crane has been brought to the port of Baltimore.
U.S. Coast Guard spokeswoman Carmen Carver said crews were still assessing bridge damage Friday. The crane brought can lift a load of 1000 tons. Although the crane arrived on Thursday, it is said that the work will start from Saturday morning.
Source: Reuters
MSM
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