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US Crude Oil Stockpiles Surge to Record High on Big Saudi Imports

2020-06-10 19:35:00| OGI

Crude oil inventories rose 5.7 million barrels in the week to June 5 to 538.1 million barrels, most in history, not including the U.S. strategic reserves, EIA data showed.

Tags: high big record oil

 

Opinion: Saudi Crude Price Hike Throws Asian Lifeline to US Shale

2020-06-09 16:32:50| OGI

Outside of China, the consumption recovery is weak and refiners continue to struggle.

Tags: price opinion asian saudi

 
 

Saudi Arabia to End Voluntary Cuts on Top of OPEC+ Pact

2020-06-08 21:00:00| OGI

Saudi Energy Minister Prince Abdulaziz bin Salman said that this would not continue in July, when Saudi Arabia will pump its OPEC quota, amid signs of demand recovery.

Tags: top end arabia saudi

 

Saudi, Russia Reach Deal on Oil Cuts

2020-06-03 15:25:35| OGI

Preliminary pact raises pressure on other OPEC+ members to comply.

Tags: deal reach oil russia

 

COLUMN: US Crude Stocks Swell as Saudi Tankers Unload

2020-05-29 15:53:47| OGI

If the increase is a one-off, it wont affect a market that is quickly rebalancing.

Tags: column saudi stocks crude

 

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