Oil up 7% to $35 per barrel on speculation of OPEC production cuts [CHARTS]

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Oil up 7% to $35 per barrel on speculation of OPEC production cuts [CHARTS]

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.

 

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Data curated by FindTheData

Crude Oil Production in OPEC Countries

 

Data curated by FindTheData

 

Data curated by FindTheData

U.S. Net Imports of Crude Oil and Petroleum

 

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Data curated by FindTheData

US Gas Price (weighted average)

 

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Data curated by FindTheData

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