U.S. OIL STOCKS UP
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U.S. OIL STOCKS UP
PLATTS - 01 Apr 2020 - US crude inventories moved sharply higher last week as refinery throughputs cratered amid an historic collapse in gasoline demand, US Energy Information Administration data showed Wednesday.
Commercial crude stocks jumped 13.83 million barrels to 469.19 million barrels during the week ended March 27, EIA said. It was the second-largest build ever reported by EIA, behind a 14.42 million-barrel build in October 2016, when the Category 5 Hurricane Matthew stalked the US Atlantic Coast and Caribbean.
The build sharply narrowed…
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Earlier:
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
2020, March, 30, 10:20:00
#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
2020, March, 30, 09:40:00
U.S. RIGS DOWN 44 TO 728
U.S. Rig Count is down 44 rigs from last week to 728, Canada Rig Count is down 44 rigs from last week to 54
2020, March, 27, 13:55:00
#OilPriceWar: RUSSIA UNCHANGED
Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.
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