U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday.

U.S. January oil production decreased by 305 kb/d to 13,146 kb/d, 158 kb/d lower than December 2023. Click to read.

Oil executives express concerns over the Trump administration's energy policies, citing uncertainty and increased costs due to tariffs, despite public praise for the administration's pro-fossil fuel stance.

Oil prices fell on Thursday as the decision by the OPEC+ group to speed up unwinding of oil output cuts in May compounded already heavy losses following U.S. President Donald Trump's announcement of sweeping new import tariffs.

Oil prices have dropped significantly from 2022 highs, with WTI trading around $70 per barrel. Read more to see my thoughts.

The Dallas Fed's latest energy survey revealed deep skepticism among executives toward President Donald Trump's tariffs and oil-production agenda. In anonymous comments, respondents decried the uncertainty and higher costs of tariffs while predicting that trying to lower crude prices to $50 a barrel would reduce production instead of expand it.

U.S. crude oil production fell by 305,000-barrels-per-day (bpd) to 13.15 million bpd in January, the lowest since February 2024, data from the U.S. Energy Information Administration showed on Monday.That was the biggest decline in monthly U.

Crude oil inventories in the United States saw a large increase of 6.2 million barrels during the week ending March 28