
The more things change, the more they remain the same, wrote Leslie Haines in her monthly column for Oil and Gas Investor. (Source: Shutterstock.com)
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Record US Crude Oil Stockbuild as Refining Plummets after Texas Freeze
The increase in crude oil stocks in the U.S. was also driven by a big jump in crude imports, which rose by a net 1.66 million bbl/d, the EIA said.
OPEC+ Considering Oil Output Roll Over for April
OPEC and other oil producers, a group known as OPEC+, are considering rolling over production cuts into April instead of raising output as a recovery in oil demand remains fragile due to the coronavirus crisis, three OPEC+ sources told Reuters on March 3.
OPEC: Oil Market Rebalancing but COVID-19 Still a Risk
OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on March 4 and are expected to discuss allowing as much as 1.5 million bbl/d back into the market