U.S. Shale Won't Fill Gap If OPEC+ Cuts Oil Production
The U.S. shale industry won’t step in to fill the gap left by an OPEC+ crude oil production cut, energy executives told Reuters on Tuesday
Source: oilprice.com
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Why Oil Prices Could Continue To Fall
Despite the bullish news of OPEC+ considering a new round of cuts, the main WTI futures contract has been in a persistent, downward channel, and it still is
Source: oilprice.com
OPEC Raises Oil Production To Highest Level In Years
OPEC raised its September crude oil production to the highest level since 2020, a Reuters survey found on Friday
Source: oilprice.com
Russia Likely To Propose Major Output Cut At Next OPEC+ Meeting
Russia is likely to propose at the next OPEC+ meeting that the group cut 1 million barrels per day from the group's collective output, Reuters sources familiar with Russian thinking shared on Tuesday
Source: oilprice.com
South Sudan Won't Let OPEC+ Stand In Way Of Increasing Oil Output
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar said on Tuesday
Source: oilprice.com