Oil Traders Favour Saudi Output Cut Pledge Despite Its Effect On The Kingdom's Economy
But bearish sentiment continues to limit oil's upside.
Source: shipandbunker.com
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Oil market will 'flip to being undersupplied' in coming months, says strategist
The imbalance between oil supply and demand is likely to reverse going into the summer, says one analyst. "Currently, the global oil market is probably…
Source: biztoc.com
Big Oil Has $150 Billion in Cash and Investors Want a Share
“U.S. oil-and-gas producers are less focused on capital spending than they have been in years,” said Mark Young, a senior analyst at Evaluate Energy. The cash buildup owes itself to other factors as well. Many companies have paid off debt racked up duri
Source: energycentral.com
Oil Majors Are Preparing For A Difficult Period
The oil majors are conserving cash to make sure they are ready for when the good times end, a strategy that makes all the more sense as costs climb.
Source: oilprice.com
Big Oil Has $150 Billion in Cash and Investors Want a Share
Companies boost shareholder returns and keep funds for when the boom goes bust
Source: wsj.com