Saturday, January 11, 2025
U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 4.3 million barrels

Weekly Crude Oil Storage as of October 23, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil inventories are about 9% above the five year average for this time of year, according to the EIA crude oil and petroleum

Hess posts bigger-than-expected loss, cuts annual production forecast- oil and gas 360

Hess posts bigger-than-expected loss, cuts annual production forecast

Reuters U.S. oil and gas producer Hess Corp HES.N reported a bigger-than-expected quarterly loss on Wednesday and slightly lowered its full year production forecast, as its operations were hit by hurricanes in the Gulf of Mexico and lower production in South East Asia, sending its shares down 3.1% in early trade. The company and its peers have lowered capital spending this year