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U.S. pushes back on call by OPEC+ to join big oil output cuts
Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis......»»
Exxon lops 30% off 2020 spending, deeper and later than rivals
Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble......»»
Last but not least: Exxon chops spending by 30%
Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending this year by $10 billion as the coronavirus pandemic saps energy demand and oil prices......»»
Oil sinks as Russia, Saudis postpone talks
Oil prices pulled back as a virtual meeting between OPEC and its allies was postponed until April 9......»»
OPEC, U.S. shale producer to open dialogue amid oil price drop, WSJ reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
For The First Time Since The 1970s, Texas Is Considering Curtailing Oil Production
For The First Time Since The 1970s, Texas Is Considering Curtailing Oil Production Following the 2014 Thanksgiving massacre, Saudi Arabia effectively broke up OPEC to try to kill the US shale sector by overproducing oil and sending its .....»»
It Begins: Occidental Is First US Energy Major To Slash Dividend, CapEx
It Begins: Occidental Is First US Energy Major To Slash Dividend, CapEx Back in 2015, after the price of oil cratered after Saudi Arabia decimated OPEC during the 2.....»»
What "World War Oil" Means For The Sector: Analyst Says US Shale Companies In Trouble
OPEC and its allies "failed miserably" at reaching a consensus during last week's Vienna meeting, although it occurred in part due to differing objectives, JBC Energy Group Chairman Johannes Benigni said on CNBC. read more.....»»
Oil Plummets On No OPEC Deal, But US Shale Could Be The Target
Oil markets plummeted Friday, and the .....»»
Putin Launches "War On US Shale" After Dumping MbS & Breaking Up OPEC+
Putin Launches "War On US Shale" After Dumping MbS & Breaking Up OPEC+ OPEC+ is no more, after a.....»»
Transports, Energy Continue To Suffer As Events Canceled, OPEC Can"t Reach Agreement
A wild week ended with another head-spinning session Friday as stocks stormed back in the last half hour from deep losses to end above key technical support. The late charge helped stocks finish the week slightly higher despite massive level.....»»
OPEC oil cuts deal in trouble as Russia still not on board
Russia will not back an OPEC call for extra oil output cuts and will only agree to extending existing curbs, a Russian source said on Friday, threatening to derail a plan by OPEC ministers for deeper reductions to cope with the coronavirus outbreak......»»
Moscow won"t back OPEC"s call for more oil cuts, Reuters reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Russian source says Moscow won"t back OPEC"s call for deeper oil cuts
A Russian high-level source told Reuters on Friday that Moscow would not back an OPEC call for extra reductions in oil output and would only agree to extending existing OPEC+ cuts......»»
OPEC oil cut deal in trouble as Russia still not on board
Russia will not back an OPEC call for extra oil output cuts and will only agree to extending existing curbs, a Russian source said on Friday, threatening to derail a call by OPEC ministers for deeper reductions to cope with the coronavirus outbreak......»»
OPEC raises stakes with Russia, seeks biggest oil cut since 2008 crisis
OPEC pushed on Thursday for a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus outbreak, effectively presenting its non-OPEC partners with an ultimatum to back the move or face a price collapse......»»
OPEC seen backing big oil output cut, but awaits Russian support
OPEC ministers are expected to approve on Thursday the outlines of a deal for a significant cut in oil production to shore up prices hammered by the coronavirus outbreak but they are still waiting for Russia to indicate whether it will back such a move......»»
Dow surges 1,290 points as Wall Street roars back from sell-off
Stocks rose sharply in volatile trading on Monday, clawing back out of correction territory and regaining a big chunk of their losses from Wall Street’s worst week since 2008......»»
Dow surges 1,290 points as Wall Street roars back from sell-off
Stocks rose sharply in volatile trading on Monday, clawing back out of correction territory and regaining a big chunk of their losses from Wall Street’s worst week since 2008......»»
Oil prices turn positive, shrugging off bearish news
Oil prices rose on Thursday as U.S. markets opened, shrugging off bearish OPEC and IEA reports which cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world's biggest oil importer......»»