Home Crude Oil Inventories rise by only 785K, OPEC and non-OPEC considering 1.5 mbpd cut, WTI positive

Crude Oil Inventories rise by only 785K, OPEC and non-OPEC considering 1.5 mbpd cut, WTI positive

Updated: 4 Mar. 2020 | 16:32

OPEC and non-OPEC countries are reportedly considering a substantial cut of 1.5 million barrels per day of output in response to the coronavirus crisis. Earlier, Russia was reluctant to slash petrol production while Saudi Arabia called for massive cuts.

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