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January 16, 2021

Shale Oil / Shale Gas

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. FILE PHOTO: A Marathon......

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON, Jan 10 (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude......

Column – Oil sees more fund buying, but risks shifting: Kemp

Reuters
LONDON (Reuters) – Hedge fund managers were substantial buyers of petroleum futures and options last week for the fourth week in a row, a sign of increasing confidence coronavirus vaccines will drive a recovery in oil consumption next year. FILE PHOTO: Oilfield equipment is parked at a Basic Energy Services......

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