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Gloves back on, OPEC and U.S. shale producers to deepen ties in Vienna
HOUSTON (Reuters) - Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict......»»
U.S. Shale Companies Motor Ahead Despite OPEC
U.S. shale companies, which kept pumping when the rest of the world cut back oil production, are in a strong position to benefit now that the OPEC is boosting its output......»»
Market Extra: Inflation is climbing, but it isn’t blasting past its 30-year range — yet
Prices consumers are paying for goods and services are climbing to post-recession highs, causing households and Wall Street anxiety just as the economy roars back with the lifting of pandemic restrictions. Here's when markets might really worry......»»
Crude Is Crashing
Crude Is Crashing After its exuberant rip on the day that the latest OPEC+ deal was announced last week, crude prices have collapsed, with WTI plunging back below $60, as reality sets in on what that supply surge really means (combi.....»»
US oil producers could surprise Saudi Arabia, Russia
OPEC producers and their allies, led by Saudi Arabia and Russia, may be underestimating the resilience of U.S. shale, according to one analyst......»»
It"s "Gonna Disrupt The F**k Out Of Big Tech" - Crypto Roars Back As Citi Sees Imminent "Tipping Point" In Global Trade
It's "Gonna Disrupt The F**k Out Of Big Tech" - Crypto Roars Ba.....»»
Futures Movers: Oil futures settle lower, but U.S. benchmark logs a monthly gain of nearly 18%
Oil futures settle sharply lower Friday, with the U.S. benchmark pulling back from a 22-month high, as a stronger dollar and jitters ahead of next week's OPEC+ meeting inspire a round of apparent profit-taking......»»
Oil prices to reach $72 by summer: Goldman Sachs
Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc......»»
GameStop stock roars back after Robinhood lifts trading freeze
The popular trading app raised $1 billion overnight from investors and tapped a $500 million credit line......»»
OPEC crude output cuts should help US shale profits in 2021
U.S. crude oil production has fallen 2 million barrels per day in the last year.....»»
Stocks, oil pull back as de Blasio warns New York City could be shut down
U.S. equity markets trimmed their gains Monday as New York City Mayor Bill de Blasio warned the city could see a full shut down in the weeks ahead due to a surge in COVID-19 infections and as OPEC cut its oil demand forecast. .....»»
US May Pay Shale Drillers Billions To Leave Oil In The Ground
US May Pay Shale Drillers Billions To Leave Oil In The Ground If one listened to the US president, or any other member of OPEC+ in the past few days, th.....»»
"The Cut Is Just 4.3MMbpd"- Goldman Throws Up Over OPEC+ Deal, Sees Oil Dropping Back To $20
"The Cut Is Just 4.3MMbpd"- Goldman Throws Up Over OPEC+ Deal, Sees Oil Dropping Back To $20 Earlier today, when summarizing the terms of the "historic.....»»
Saudi, others resist Mexican plan to make small oil output cuts - sources
Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday......»»
Oil slumps, investors say OPEC supply cuts won"t be enough
Oil prices slumped on Thursday, giving back an earlier 10% surge as investors doubted the emerging supply-cut agreement between members of OPEC and its allies would adequately address the global fuel demand collapse caused by the coronavirus pandemic......»»
Oil gives up gains even as OPEC+ hammers out supply-cut deal
Oil prices dipped on Thursday, giving back an earlier 10% surge as investors awaited details on a massive OPEC supply-cut agreement in response to the global fuel demand collapse due to the coronavirus pandemic......»»
Oil prices pare earlier gains as OPEC+ works on output cut deal
Oil prices were up almost 2% on Thursday, pulling back from an earlier surge as OPEC and other crude producers work on a deal to drastically cut output in response to a collapse in global demand from the coronavirus......»»
Oil prices could tumble back below $20 as "land mines lurking right below the surface" endanger a crucial OPEC deal, RBC strategist says
Eric Gay/AP Photo The price of oil could slide below $20 for the first time since 2002 if an OPEC production cut agreement can't be reached, RBC Capital Markets st.....»»
Oil futures pare gains after U.S. inventories surge most on record
Oil prices pulled back Wednesday, with benchmark Brent turning negative as U.S. crude inventories surged the most on record, but the pullback was muted by hopes that a meeting between OPEC and allied producers on Thursday will trigger output cuts......»»
Oil prices jump on hopes for OPEC, Russia meeting on output cuts
Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic......»»