Sunday, July 12, 2026
Major oil executives ‘optimistic’ amid anxiety over coronavirus ‘second wave’- oil and gas 360

Major oil executives ‘optimistic’ amid anxiety over coronavirus ‘second wave’

CNBC Sixteen of the world’s leading energy executives met virtually at an unprecedented meeting Tuesday night to talk about how big oil will navigate its biggest crisis in recent history while confronting the coronavirus pandemic. “Each one of us has had to guide our respective organizations through these difficult times,” said UAE Minister of State Dr. Sultan Ahmed Al Jaber, who

Oil falls on fears of more COVID-19 cases- oil and gas 360

Oil falls on fears of more COVID-19 cases

Reuters LONDON – Oil prices fell on Wednesday on fears about fresh outbreaks of COVID-19 but prices drew some support from stimulus measures and positive tests of a drug that could save some critically ill patients. Brent crude LCOc1 was down 38 cents, or 0.9%, at $40.58 a barrel at 1335 GMT. U.S. West Texas Intermediate (WTI) CLc1 fell 56

U.S. crude oil inventories decrease by 2.0 million barrels- oil and gas 360

U.S. crude oil inventories increase by 1.2 million barrels

Weekly Crude Oil Storage as of June 12, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year, according to the EIA crude oil and petroleum