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Oil slips as producer cuts fail to banish demand fears

Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support......»»

Category: topSource: reutersApr 14th, 2020

Oil rises on forecast U.S. output drop as coronavirus ravages demand

Oil prices rose around 1% on Tuesday after the U.S. Energy Information Administration (EIA) predicted shale output in the world's biggest crude producer would fall by a record amount in April, adding to cuts from other major producers......»»

Category: topSource: reutersApr 14th, 2020

Oil rises amid hopes for quick decline in U.S. shale output

Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers......»»

Category: topSource: reutersApr 14th, 2020

Oil gains as U.S. shale production set to fall sharply

Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers......»»

Category: topSource: reutersApr 13th, 2020

U.S. shale company Whiting becomes first major bankruptcy of oil-price crash

Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil prices that are expected to bite into record U.S. output......»»

Category: topSource: reutersApr 1st, 2020

U.S. shale oil output to rise to record 9.08 million barrels per day in April - EIA

U.S. oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up by about 18,000 barrels per day (bpd) to a record 9.08 million bpd, data showed on Monday......»»

Category: topSource: reutersMar 16th, 2020

Shale boom is slowing just when the world needs oil most

The U.S. shale boom is slowing, as technology advances that helped unlock record amounts of oil and gas have begun to level off and productivity of even new wells begins to slow......»»

Category: topSource: moneycentralSep 30th, 2019

Shale boom is slowing just when the world needs oil most

The U.S. shale boom is slowing, as technology advances that helped unlock record amounts of oil and gas have begun to level off and productivity of even new wells begins to slow......»»

Category: topSource: moneycentralSep 30th, 2019

Oil falls as U.S. resumes Gulf of Mexico output, boosts shale supplies

Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set to rise to a record......»»

Category: topSource: reutersJul 16th, 2019

Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply

Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production is expected to rise to a record......»»

Category: topSource: reutersJul 16th, 2019

Oil falls on US shale output, expected stocks data

U.S. oil production has increased steadily over the last five years, reaching a record high of 11.2 million bpd in the week to Oct. 5. But infrastructure has not kept pace with rising output, filling domestic tanks......»»

Category: topSource: foxnewsOct 16th, 2018

U.S. oil prices drop 1 percent on oversupply fears

U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply......»»

Category: topSource: reutersDec 17th, 2018

Oil prices fall 1 percent amid supply glut worries

Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply......»»

Category: topSource: reutersDec 17th, 2018

Oil prices fall for third straight session amid supply glut worries

Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world's biggest producer, stoked worries about oversupply......»»

Category: topSource: reutersDec 17th, 2018

U.S. shale oil output to hit record 8.4 million bpd in March: EIA

U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday......»»

Category: topSource: moneycentralFeb 19th, 2019

Oil dips after forecast for record U.S. shale output

Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs......»»

Category: topSource: reutersFeb 20th, 2019

Oil dips after forecast for record US shale output

BNP Paribas said surging U.S. output would feed into lower oil prices toward the end of the year......»»

Category: topSource: foxnewsFeb 20th, 2019

Oil falls after record U.S. shale output forecast

Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year......»»

Category: topSource: reutersFeb 20th, 2019

West Coast Ports Rush To Clear Record Ship Congestion Before "Peak Season" Arrives

West Coast Ports Rush To Clear Record Ship Congestion Before "Peak Season" Arrives It's hardly a secret that the .....»»

Category: dealsSource: nytMay 18th, 2021

Need to Know: Why the S&P 500 is now overbought and looks ready to drop in the short term, according to this strategist

The S&P 500 eked out yet another record close on Wednesday, as the Federal Reserve reassured investors that it is in no rush to tighten fiscal policy — and some of that momentum is set to continue into Thursday. But it may not last for long......»»

Category: topSource: marketwatchApr 8th, 2021