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Discover LudwigThe phrase "squeezing out" is correct and usable in written English.
You can use this phrase to describe the action of forcing out or extracting something. For example, "We had to squeeze out every last drop of juice from the oranges to get the amount we wanted."
Dictionary
squeezing out
verb
Present participle of squeeze out
Exact(59)
Where some genuine synergy exists is in squeezing out savings.
"It was a relentless policy of squeezing out local populations.
Even squeezing out 204 horsepower requires premium fuel.
Medicaid is squeezing out all the other expenses".
But the rising costs are rapidly squeezing out mere wealth.
Companies have been squeezing out profits by cutting costs.
The key is squeezing out anything that is not appropriate".
The composite keeps squeezing out real space, which keeps muscling back in.
Goal-line dramas notwithstanding, football management is about squeezing out incrementally more performance per salary pound.
Drain in a strainer lined with cheesecloth, squeezing out as much liquid as possible.
Squeezing out more savings is "like wringing a dry towel," said a spokesman, Haruhiko Kizu.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com