The latest from OPEC
In other times that would be a shocking drop but now it sounds behind the curve. Obviously demand is going to fall much more in a global pandemic.
- Saudi Arabia pumped 9.68 mbpd in Feb
- Cuts non-OEPC supply estimate by 490K bpd to 1.76 mbpd
WTI crude oil is down $1.18 to $33.17 today and is just off session lows. There's been no reaction to this news.
