Monday, June 15, 2026
OPEC+ maintains oil policy amid price rally- oil and gas 360

OPEC+ maintains oil policy amid price rally

Reuters LONDON – OPEC+ maintained its oil output policy at a meeting on Wednesday as the price of crude hit its highest in almost a year, a sign that deep supply cuts are draining inventories despite an uncertain outlook for demand recovery. A Joint Ministerial Monitoring Committee of OPEC+ met virtually on Wednesday, pronouncing itself “optimistic for (a) year of

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 1.0 million barrels

Weekly Crude Oil Storage as of January 29, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week. At 475.7 million barrels, U.S. crude oil inventories are about 4% above the five year average for this time of year, according to the EIA crude oil and petroleum