CNBC Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some of the world’s most powerful oil producers will go ahead as planned. OPEC and non-OPEC allies, a group of oil producers sometimes referred to as OPEC+, had been expected to hold their next meeting on Thursday.
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Natural Gas Inventories as of May 29, 2020 The EIA has released its natural gas inventory report, showing a net increase of 102 Bcf as of May 29, 2020. Working gas in storage was 2,714 Bcf as of Friday, May 29, 2020, according to EIA estimates. This represents a net increase of 102 Bcf from the previous week. Stocks were
Reuters DUBAI/MOSCOW/LONDON – OPEC+ oil producers could still hold a ministerial video conference this week if Iraq and others which have not fully complied with existing supply cuts agree to boost their adherence, three OPEC+ sources told Reuters on Thursday. The Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, are debating when
Nodal Exchange sets records in power open interest in May with majority of market
