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Wednesday, August 6, 2025

Husky Completes Commissioning At Liuhua 29-1

September 29, 2020

360 News Desk, China

News Story – QuoteMedia Market Data Solutions

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

U.S. crude oil inventories decrease by 3 million barrels

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

U.S. crude oil inventories increase by 7.7 million barrels

Central banks, like the Fed or ECB, use interest rates to keep inflation in check. Lower interest rates reduce consumer borrowing costs and can boost economic growth and demand for oil. In China, the world’s second biggest economy, fiscal revenue dipped 0.3% in the first six months from a year earlier, the finance ministry said on Friday, maintaining the rate of decline seen between January and May. GROWING SUPPLIES? The U.S. is preparing to allow partners of Venezuela’s state-run PDVSA, starting with U.S. oil major Chevron (NYSE:CVX), to operate with limitations in the sanctioned nation, sources said on Thursday. That could boost Venezuelan oil exports by a little more than 200,000 barrels per day (bpd), which would be welcome news for U.S. refiners, as it would ease tightness in the heavier crude market, ING analysts wrote. In the Middle East, Iran said it would continue nuclear talks with European powers after "serious, frank, and detailed" conversations on Friday, the first such face-to-face meeting since Israel and the U.S. bombed Iran last month. Venezuela and Iran are members of the Organization of the Petroleum Exporting Countries (OPEC). Any deal that could increase the amount of oil either sanctioned country could export would boost the amount of crude available to global markets. A meeting of the Joint Ministerial Monitoring Committee, which includes top ministers from OPEC and allies like Russia, a group known as OPEC+, is scheduled for 1200 GMT on Monday.- oil and gas 360

Oil prices ease as negative economic news offsets trade optimism

Fossil fuels rise in Europe and U.S. despite soaring clean energy- oil and gas 360

Fossil fuels rise in Europe and U.S. despite soaring clean energy

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

U.S. crude oil inventories decrease by 3.2 million barrels

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