barrels
OPEC and Russia Agree to Cut Production by 10 Million Barrels a Day
The Organization of the Petroleum Exporting Countries, Russia and other countries reached a tentative agreement on Thursday to temporarily cut production, according to a person with knowledge of the matter. OPEC and the other oil-producing countries agreed to cut about 10 million barrels a day, or about 10 percent from normal production levels, in May …
Breaking: Oil Inventories Jumped by 15.2M Barrels Last Week: EIA By Investing.com
© Reuters. By Kim Khan Investing.com – Stockpiles of U.S. crude climbed more than expected again last week, the Energy Information Administration reported Wednesday, as demand destruction from the Covid-19 pandemic continued. rose by 15.2 million barrels for the week ended April 3, the EIA said. That compared with expectations for a build of about …
Breaking: U.S. Oil Inventories Rose by 785,000 Barrels Last Week
© Reuters. Investing.com – U.S. stockpiles of rose less than analysts expected last week, the Energy Information Administration reported Wednesday. rose by 785,000 barrels for the week ended Feb. 28, the EIA said. That compared with expectations for a build of 2.64 million barrels, according to forecasts compiled by Investing.com. fell by 4.34 million barrels, …
U.S. Oil Inventories Rose by 7.5M Barrels Last Week – EIA By Investing.com
© Reuters. By Kim Khan Investing.com – stockpiles rose more than the market was expecting last week, the Energy Information Administration reported Wednesday. climbed by 7.5 million barrels for the week ended Feb. 7, the EIA said. Analysts were looking for a build of about 3 million barrels, according to forecasts compiled by Investing.com. fell …
US shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
Business U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. FILE PHOTO – A pump jack operates in the Permian Basin oil and natural gas production …
Saudi Arabia cuts oil output by 5 million barrels following drone attacks
Five million barrels per day of crude production have been impacted after fires raged at the sites, one of them the world’s largest oil production facility, people with knowledge of the kingdom’s operations said. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day. A source told …
