Friday, January 10, 2025
OPEC+ in second day of talks as Saudis push for emergency cut- oil and gas 360

OPEC+ in second day of talks as Saudis push for emergency cut

Houston Chronicle OPEC+ officials gathered in Vienna for a second day of debate on the impact of the coronavirus, a process that could result in an emergency ministerial meeting where Saudi Arabia would push for an oil-production cut. The price of crude has plunged on expectations that the epidemic will squeeze China’s economy and curtail consumption of oil in the

U.S. crude oil inventories decrease by 2.0 million barrels- oil and gas 360

U.S. crude oil inventories increase by 3.4 million barrels

Weekly Crude Oil Storage as of January 31, 2020 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.4 million barrels from the previous week. At 435.0 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly