Friday, January 24, 2020

Energy 132, US crude oil production now 13 mbpd

Yesterday and today, oil prices dropped significantly. WTI went down to $54+ per barrel. Until last Monday January 20, prices were $58+ a barrel. And days after the killing of Soleimani, "WW 3" and related hashtags became famous and oil prices went up to $64+ a barrel.

Now, war alarmism has faded. The US public's attention went to the impeachment, corona virus, etc.

More global oil-gas production, more supply stability, and lower oil prices. That's what we need.

See also:
Energy 130, US crude oil and natgas productionoduction, October 31, 2019 

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