OklahomaMinerals.com
All posts tagged "OPEC"
-
545InvestingOil prices could hit teens in coming weeks as markets crater over coronavirus and price war
Oil could fall below $20 a barrel and “stock markets could easily shed another 30-40% of their values,” one analyst said. The...
-
422ExplorationOil drops as much as 8%, on pace for worst week in more than a decade
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
-
615InvestingSomebody big has called this year’s oil market completely wrong
Bloomberg – The world’s three biggest oil-market forecasters are split on what’s going to happen with supply and demand this year —...
-
851InvestingChinese Oil Demand Has Plunged 20% Because of the Virus Lockdown
Bloomberg – Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the...
-
645InvestingOil slides 2% as surplus forecast overshadows Libya disruption
Reuters – Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and...
-
593ExplorationU.S. oil and gas boom tamed by sharply lower prices
John Kemp – Reuters – U.S. oil and gas production growth is slowing, as lower prices force shale firms to reduce new...
-
832ExplorationOil’s 2019 Milestones Tell Decade’s Story of Energy Abundance
(Bloomberg) — Global oil markets notched up a number of milestones this year that echoed the story of the past decade: the...
-
1.0KExplorationThe Drilling Frenzy Is Over For U.S. Shale
Yahoo Finance—A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the...
-
706ProductionUS crude posts its best quarter since 2009, jumping 32 percent year to date
U.S. crude rose 30 percent in the first three months of the year. Oil prices draw support in 2019 from efforts by...
-
927Oil & Gas NewsOPEC reaches deal to cut oil production, defying Trump’s requests
Washington Examiner — OPEC agreed on Friday to an oil production cut of 1.2 million barrels per day in an effort boost...