Friday, August 21, 2026
Oil inventories to edge up, impact from Biden policies to take time - Mercuria- oil and gas

Oil inventories to edge up, impact from Biden policies to take time – Mercuria

Reuters LONDON – Global oil inventories may see a small rise in November due to new coronavirus-related restrictions but could return to pre-COVID-19 levels as soon as the second quarter of 2021, the chief executive of Mercuria Energy Trading said on Monday. Marco Dunand told the Reuters Commodity Trading Summit that he did not see any major rule changes for

Exclusive: OPEC fears second virus wave to prolong oil inventory overhang- oil and gas 360

Exclusive: OPEC fears second virus wave to prolong oil inventory overhang

Reuters LONDON – OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal OPEC research seen by Reuters. OPEC, Russia and their allies, a group known as OPEC+, said they would ease record