Tag Archives: EIA Data

OPEC Risks Lower for Longer – Bloomberg

  Oil is set for its first weekly gain in a month after EIA data showed U.S. inventories dropping the most this year. But it’s an unexpected surge in U.S. production that’s set to derail OPEC’s plans of phasing out its output cutting regime by June. Bloomberg’s Will Kennedy reports on “Bloomberg Daybreak: Europe.” (Source: […]

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