Tuesday, January 7, 2025
Oil prices rise as US crude stocks build less than expected- oil and gas 360

Oil prices rise as US crude stocks build less than expected

CNBC Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China. Data from the U.S. Energy Information Administration (EIA) showed that crude inventories rose only 414,000 barrels last week, compared with expectations of a 2.5 million barrel rise from analysts

Russia: oil producers agree no need to hold early OPEC+ meeting- oil and gas 360

Russia: oil producers agree no need to hold early OPEC+ meeting

Reuters MOSCOW – Russian Energy Minister Alexander Novak said on Thursday there was a common understanding among global oil producers that it would now no longer make sense for OPEC and non-OPEC producers to meet before their planned gathering in early March. The Organization of the Petroleum Exporting Countries, Russia and other producers, known as OPEC+, had been considering bringing