FINWIRES · TerminalLIVE
FINWIRES

U.S. Energy Production Climbs 3% YoY in January, EIA Reports

By

U.S. primary energy production rose 3% year over year in January to 9.1 quadrillion British thermal units, the U.S. Energy Information Administration said in its Monthly Energy Review released Monday.

Total fossil fuels production in January was made up of 46% dry natural gas, 31% crude oil, 12% crude oil and 11% natural gas plant liquids, the EIA reported.

Total renewable energy production was composed of 56% biomass, 20% wind, 12% hydroelectric power, 11% solar and 1% geothermal energy, according to the agency.

U.S. natural gas plant liquids production was 7% higher in January than in the year-ago month. Dry natural gas production and renewable energy production each climbed 4%. Nuclear electric power production and coal production each increased 2%. Crude oil production rose 1%.

Related Articles

International

BRC: UK Shop Price Inflation Down to 1% in April

The UK's shop price inflation edged down to 1% year over year in April from 1.2% in March, the British Retail Consortium said Tuesday.The consensus estimate for the month was 1.5%.BRC Chief Executive Helen Dickinson attributed the increase to discounts offered by retailers on certain Easter goods to encourage spending.

FTSE 100
International

Bank of Japan Keeps Benchmark Interest Rate Steady at 0.75%

Nikkei 225
International

Australian Consumer Confidence Rises on Improved Economic Outlook

The ANZ-Roy Morgan Australian consumer confidence rose 3.5 points to 67.8 in the week of April 20 to April 26, ANZ reported Tuesday.The four-week moving average rose 2.3 points to 64.7 points.Australian consumer confidence improved in the reported week, reaching its highest level since mid-March, with gains across all sub-indices led by stronger views on economic conditions, although it remains near historic lows, according to ANZ economist Sophia Angala.Headline inflation is forecast to have risen 1.4% quarter-on-quarter, partly due to higher fuel prices in March, and the Reserve Bank of Australia is still expected to lift the cash rate by 25 basis points at its May meeting, Angala added.Weekly inflation expectations fell to 6.6% from 7.1%, while the current financial condition indicator for 12 months rose 4.6 points to 63. The future financial conditions for the next 12 months inched up to 75.4 points from 75.3.Short-term economic confidence for the next year rose 4.7 points to 56, while medium-term economic confidence for the next five years increased to 78.3 points from 72.9.The "time to buy a major household item" subcategory rose 2.4 points to 66.1.

ASX 200