Thursday, January 23, 2025
OPEC oil production cuts likely to continue for the ‘whole of 2020’: Wood Mackenzie- oil and gas 360

OPEC oil production cuts likely to continue for the ‘whole of 2020’: Wood Mackenzie

CNBC OPEC is likely to continue with its oil supply cuts for the rest of 2020, a research director said Monday. “One thing which we are seeing in our numbers is that the market is still not ready to absorb the production cuts back, even for (the) whole of this year,” Sushant Gupta, who heads Wood Mackenzie’s refining and oils market team

Gasoline prices are falling again- oil and gas 360

Gasoline prices are falling again

Houston Chronicle Prices at the pump are falling once again now that crude oil prices have stabilized below $60 per barrel in the United States. The average cost of a gallon of regular unleaded in the Houston area dipped by nearly 3 cents last week down to $2.19, while the national average fell 2 cents to $2.55 per gallon. Prices