WTI Holds Losses As Freezing Temps Sparked Massive Drop In US Production [zero hedge]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: zero hedge
WTI Holds Losses As Freezing Temps Sparked Massive Drop In US Production Crude oil prices (WTI) are trending moderately lower this morning as traders weigh geopolitical tensions in the Middle East and a report of sharply lower US stockpiles reported by API overnight. Iranian Foreign Minister Abbas Araghchi and US envoy Steve Witkoff will hold indirect negotiations in Oman on Friday , Iran’s semi-official Tasnim reported, adding talks would be “limited to the nuclear issue and the lifting of sanctions.” “Geopolitical tensions are really driving it,” Equinor Chief Financial Officer Torgrim Reitan said in a Bloomberg TV interview. “The underlying balance is a lower price than there is today, but with everything going on it’s very hard to say where this will end.” We can't help but feel like the API reporting (and very mixed picture) was related to the impact of the freezing weather across most of the country. API Crude -11.1mm (+700k exp) Cushing Gasoline +4.7mm Distillates -4.81mm DOE C
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- 2/4/26 - Beat
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- 2/10/26 - Form 6-K
- 2/5/26 - Form 6-K
- 2/4/26 - Form 6-K
- EQNR's page on the SEC website