Us Shale Production News

Industry

Saudis say Opec+ oil cuts on ‘right track’ to balance the market

Opec will start to trim oil production by 1.2 million barrels/day this month to stabilize the market. They already reduced output by 600,000 barrels a day in December

3 min read14 Jan 2019
Industry

Oil prices dip in volatile trade, Saudi oil cuts limit losses

Crude futures mirrored volatility in other markets after Apple cut its sales forecast, citing a slowdown in China. The news rattled US markets and weighed on oil prices

2 min read3 Jan 2019
Industry

Oil prices sink to year’s low as equity slump adds to supply fear

Crude prices are mired in a bear market amid growing skepticism that Opec and its allies' production cuts will be deep enough to prevent a surplus in 2019

2 min read18 Dec 2018
Market

Oil prices rise as US China trade war shows signs of easing

Brent crude oil prices rose 0.4% to $60.36 from their last close, US WTI crude futures were at $51.25 per barrel, up 0.2%

2 min read13 Dec 2018
Market

Opec seen delaying oil cut as Russia plays tough

Opec and its allies are working towards a deal to reduce oil production by at least 1.3 million barrels per day, but Russia's resistance was so far the major roadblock

1 min read4 Dec 2018
Industry

Oil gives up ground as Saudis say OPEC+ cut still up in the air

The Organization of the Petroleum Exporting Countries (Opec) will meet on 6 December meet at its headquarters in Vienna, Austria, to agree a joint output policy

2 min read4 Dec 2018
Market

Oil price breaks above $60, but doubts about cut gains

All eyes are on this week's G20 summit in Argentina to be attended by Saudi Arabia and Russia, and an Opec meeting in Vienna thereafter to consider oil production cuts

2 min read27 Nov 2018
Market

US oil prices resume decline as oversupply worries drag

WTI crude for December delivery rose 56 cents to close at $56.25 a barrel in New York, Brent crude for January settlement advanced 49 cents to $65.96 in London

2 min read15 Nov 2018
Opinion

Opinion | Trump tweet makes Opec oil cuts even more likely

Opec may feel it has to back up words with action and cut oil production in order to pull things back their way—even if it risks even greater blowback stateside

2 min read13 Nov 2018
Industry

US shale will continue to steal market share until late-2020s: Opec

Total oil supply from outside of the Opec will surge by 8.6 million barrels a day from 2017 to 2023, to 66.1 million barrels a daymainly be driven by increases in US shale oil output, says Opec

2 min read24 Sep 2018
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