Crnr2Crnr Posted November 4 Posted November 4 US crude production hit a new all-time monthly high in August. This complicates things for OPEC+, which was planning to start increasing output in December. Oil is down 20% from April highs, causing some exporters to be cautious about how much they're pumping. https://markets.businessinsider.com/news/commodities/us-oil-opec-crude-production-record-oil-prices-commodity-market-2024-11 drill baby drill... Quote
Jerry 976 Posted November 4 Posted November 4 7 minutes ago, toslow said: Shouldn’t the price at the pump be coming down Well it takes time for that to happen when the prices come down and at this time of year some places are switching from summer blend to winter blend, I'm sure there are other reasons they will give to justify the prices staying up....... Quote
Crnr2Crnr Posted November 4 Author Posted November 4 18 minutes ago, toslow said: Shouldn’t the price at the pump be coming down 7 minutes ago, Jerry 976 said: Well it takes time for that to happen when the prices come down and at this time of year some places are switching from summer blend to winter blend, I'm sure there are other reasons they will give to justify the prices staying up....... https://www.statista.com/statistics/272710/top-10-oil-and-gas-companies-worldwide-based-on-revenue/ Quote
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