News list for " 2 million barrels"
API crude oil inventories in the week to January 24 2.862 million barrels, expected to 3.695 million barrels, the previous value 958,000 barrels.
EIA report: the four-week average supply of U.S. crude oil products was 19.652 million barrels per day, an increase of 0.67% over the same period last year.
On January 22nd, China National Offshore Oil (00883.HK) announced its 2025 business strategy and development plan. The company's daily net output in 2025 exceeded 2 million barrels of oil equivalent/day, and continued to consolidate its profit foundation. It is worth noting that China National Offshore Oil continues its active dividend policy, with a dividend payout ratio of not less than 45% from 2025 to 2027. Previously, the dividend payout ratio from 2022 to 2024 announced at the end of March...
US API crude oil inventories for the week to January 3 - 4.022 million barrels, expectations - 250,000 barrels, previous values - 1.442 million barrels.
The OPEC + representative said that OPEC + decided to extend the collective production reduction plan of 2 million barrels per day by one year until the end of 2026.
The OPEC statement said that Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman will extend their voluntary production cuts of 2.20 million barrels per day by one month until the end of December 2024.
OPEC said eight members had agreed to extend additional voluntary production cuts of 2.20 million barrels per day for two months until the end of November 2024.
