Oil prices hit a three-week high on Thursday after Russian Energy Minister Alexander Novak indicated that Russia and Saudi Arabia had discussed potential oil production cuts. Other OPEC countries such as Venezuela have already expressed interest in collective production cuts, in hopes of reviving oil prices. US crude oil inventories hit their highest levels since the Energy Information Administration began keeping track of the data.
See the following visualizations which highlight relevant figures regarding OPEC, crude oil, and gas prices.
Nomad Investment Partnership: Keep An Eye On The Unseen Risks
There are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More
Crude Oil Production in OPEC Countries
U.S. Net Imports of Crude Oil and Petroleum
US Gas Price (weighted average)