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U.S. Crude Output Hits 1.393M Barrels Per Day in April, a Record High

2026-07-01 06:19:12

According to the U.S. Energy Information Administration (EIA), American crude oil production reached 13.93 million barrels per day in April, marking a historic high. Meanwhile, Brazil's state-owned oil company announced on July 1 a diesel price cut of 0.35 reais per liter for distributors, maintaining an average price of 3.30 reais per liter. Goldman Sachs forecasts global crude oversupply may exceed 3 million barrels daily due to restocking difficulties amid ample supply. Additionally, South32 agreed to sell most of its aluminum assets to Alcoa, with a deal valued up to $5.6 billion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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