Russia Sets Record Pace for Oil Drilling This Year Despite Cuts
Russia's oil firms are setting a record pace in their drilling this year.
Source: rigzone.com
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Top News In Kpler Ltd Today - Breaking & Trending Today
U.S. shale pioneer "optimistic" despite declining production forecasts in prolific basins
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Source: oilandgas360.com
Oil surge to $80 suggests 'stars are aligning' for crude price rally that would endanger global economy
Barrels of cut-price crude continue to flood from Iran and Russia, but at the very least the market appears to have found a floor.
Source: fortune.com
Saudis and Russia Extend Oil Supply Cuts, Bolstering Prices
(Bloomberg) -- Saudi Arabia will prolong its unilateral oil production cut by one month, keeping a lid on supply amid persisting fears over the global economy. Its OPEC+ ally Russia also announced fresh curbs on exports. Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSThe kingdom w
Source: yahoo.com
Saudia Arabia to extend oil production cut, OPEC delegates predict
Riyadh surprised oil traders earlier this month when it announced the extra cutback, which came on top of curbs it was already making with fellow OPEC+ producers. The supply reduction will take effect in July, with the possibility of extensions.
Source: worldoil.com