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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......»»

Category: topSource: reutersJun 14th, 2018

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......»»

Category: smallbizSource: wsjJun 24th, 2018

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......»»

Category: topSource: marketwatchMay 12th, 2021

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.....»»

Category: dealsSource: nytApr 5th, 2021

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......»»

Category: topSource: foxnewsMar 19th, 2021

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.....»»

Category: dealsSource: nytMar 1st, 2021

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......»»

Category: topSource: marketwatchFeb 26th, 2021

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......»»

Category: topSource: foxnewsFeb 22nd, 2021

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......»»

Category: worldSource: nytJan 29th, 2021

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.....»»

Category: topSource: foxnewsJan 10th, 2021

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. .....»»

Category: topSource: foxnewsDec 14th, 2020

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.....»»

Category: blogSource: zerohedgeApr 15th, 2020

"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.....»»

Category: blogSource: zerohedgeApr 12th, 2020

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......»»

Category: topSource: reutersApr 10th, 2020

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......»»

Category: topSource: reutersApr 9th, 2020

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......»»

Category: topSource: reutersApr 9th, 2020

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......»»

Category: topSource: reutersApr 9th, 2020

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.....»»

Category: topSource: businessinsiderApr 9th, 2020

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......»»

Category: topSource: reutersApr 8th, 2020

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......»»

Category: topSource: reutersApr 7th, 2020