Oil holds near $30, caught between demand loss and supply cuts

Supply-demand imbalance: Crude oil storage tanks are seen from above at the Cushing oil hub in the US — Supply-demand imbalance: Crude oil storage tanks are seen from above at the Cushing oil hub in the USPhoto: REUTERS/SCANPIX

Reuters

EIA Russia United States Opec Saudi Arabia

Published 13 May 2020, 12:54Updated 13 May 2020, 12:54

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In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the international energy industry. For nearly three decades, we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them. In recent years, we also have chronicled the industry’s efforts to transition to cleaner energy sources.

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