By Julianne Geiger – 19 Aug 2020, 16:00 CDT Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s Energy Minister Prince Abdulaziz said ahead of the OPEC + Joint Ministerial Monitoring Committee meeting today, according to The National. Specifically, Prince …
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Russia’s 100% compliance with OPEC + production cut quotas, according to Alexander Novak, who spoke to Rossiya-24 television on Wednesday, Russian news agency Tass reported. “We are at a high level. In July, we completed 97% of our level. This is a high figure for us. We reached 100% in …
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By Julianne Geiger – 19 Aug 2020, 16:00 CDT Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s Energy Minister Prince Abdulaziz said ahead of the OPEC + Joint Ministerial Monitoring Committee meeting today, according to The National. Specifically, Prince …
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A $ 1.6 million barrel crude oil inventory sent oil prices higher today, with the Energy Information Administration also reporting a drop in gasoline inventories and a modest build in distillate fuel inventories. This compares with a draw of 4.5 million tonnes for the previous week, the third weekly haul …
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The Trump administration is looking into the possibility of extending the lengths of tiebacks in the Gulf of Mexico to allow operators to connect more wells to existing oil and gas platforms, the director of the Bureau of Safety and Environmental Enforcement (BSEE) , Scott Angelle, told Reuters. The BSEE …
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