Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
TOKYO - Oil prices rose on Tuesday after a U.S. agency said shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
The Organization of the Petroleum Exporting Countries, along with Russia and other producing countries - known as OPEC+ - agreed over Easter to cut output by 9.7 million barrels per day in May and June, equal to about 10% of global supply before the viral outbreak. Inventories are expected to fill up fast even as some countries among the G20 agreed to buy oil for their national reserves.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Shale Oil Producer Files for Bankruptcy, First U.S. Casualty of the Saudi-Russian Price WarWhiting Petroleum Corp., once the largest oil and gas producer in North Dakota's Bakken Shale, has filed for Chapter 11 bankruptcy.
Consulte Mais informação »
Young Shale CEO Asks Texas to Curb Oil Output as Coronavirus Cuts PricesMatt Gallagher, the 37-year-old leader of Parsley Energy, wants fellow Texas oil producers to support a mandated production cut, as an industry where wildcatters frown at government intervention deals with a steep drop in crude prices amid the coronavirus pandemic.
Consulte Mais informação »
OPEC and allies agree largest cut in oil output in historyOil prices move higher early Monday morning stateside after OPEC and its allies agreed to cut production by 9.7 million barrels per day.
Consulte Mais informação »
Global pact forged to contain oil price crashDUBAI, United Arab Emirates (AP) — The OPEC oil cartel and other oil producers agreed Sunday to boost oil prices by cutting nearly 10 million barrels a day in production, or a tenth of global...
Consulte Mais informação »
UAE committed to reducing oil production from its current 4.1 million bpd: Energy ministerThe United Arab Emirates is committed to reducing oil production from its current level of 4.1 million barrels per day (MBOPD), energy minister Suhail Al Mazrouei said in a tweet on Sunday.
Consulte Mais informação »