Tuesday, November 23, 2021

Oil reserve release: Nov. 23, 2021

Nov. 23, 2021

RIG stock | Yahoo finance -> Conversation

6 hours ago

$CPE conversation

 Worldwide oil reserve release: 70 million mostly by Brandon. That should last about a day HAHAHAHA!

Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.

So how much crude is set to hit the market from worldwide petroleum reserve releases?

US: 50 million barrels

India: 5 million barrels

Japan: 4 million barrels

Participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million

$CDEV $LPI $RIG

Google search | A few facts to review

  1. 97,103,871 barrels per day
  2. Here is the link. https://www.visualcapitalist.com/ranked-the-largest-oil-and-gas-companies-in-the-world/
  3. More will be added later

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