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US Crude Oil Stockpiles Soar amid Record Surge in Net Imports

2020-12-09 19:00:00| OGI

Crude oil inventories in the U.S. rose by 15.2 million barrels in the week to Dec. 4 to 503.2 million barrels, the largest build in crude inventories since April.

Tags: net record oil imports

 

US Crude Oil Production Rises in September Despite Cuts in Texas

2020-11-30 20:35:00| OGI

Oil production rose 61,000 bbl/d in North Dakota and 315,000 bbl/d in the offshore Gulf of Mexico, offsetting cuts in Texas, where output fell 60,000 bbl/d.

Tags: in september production texas

 
 

Saudi Arabia Cuts December Crude Prices to Asia

2020-11-05 20:30:00| OGI

Saudi Aramco was expected to maintain or slightly cut its December official selling prices for Asian buyers, according to a Reuters survey.

Tags: december prices asia arabia

 

Beta Crude Connector LLC Announces Open Season

2020-11-02 17:08:49| OGI

Midland crude pipeline will have a capacity of 150,000 bbl/d.

Tags: open llc season beta

 

Oil Prices Plunge over 5% as Pandemic Surges, US Crude Output Soars

2020-10-28 21:30:00| OGI

That was the lowest close for Brent crude since June 12 and for WTI since Oct. 2. It was the biggest daily percentage losses for both benchmarks since Sept. 8.

Tags: prices oil output crude

 

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