Sunday, February 23, 2025
U.S. crude oil inventories decrease by 2.0 million barrels- oil and gas 360

U.S. crude oil inventories increase by 15.2 million barrels

Weekly Crude Oil Storage as of April 3, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 15.2 million barrels from the previous week. At 484.4 million barrels, U.S. crude oil inventories are about 2% above the five year average for this time of year, according to the EIA crude oil and petroleum

Oil jumps ahead of OPEC-led talks on output cuts- oil and gas 360

Oil jumps ahead of OPEC-led talks on output cuts

CNBC Oil prices jumped on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.   Thursday’s videoconference meeting between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia is expected to be more successful than their gathering in March, which