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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FATHI NASRI / Getty The International Energy Agency lowered its global forecasts for oil demand for 2020 and 2021 over expectations of a further decline in air travel. Although there has been a recovery in business and industrial activity, the agency has not shyed away from its estimate. The Paris-based …
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By Julianne Geiger – 12 Aug 2020, 11:00 CDT U.S. crude oil production will fall by an average of 990,000 barrels per day, according to the Energy Information Administration, for an average of 11.26 million bpd. That is a much larger loss than the agency expected during its previous forecast …
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