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Tag: oil
Oil Prices Jump More Than $1 as US Output Slow to Restart
2021-02-23 11:20:00| OGI
Morgan Stanley expects Brent crude prices to climb to $70/bbl in the third quarter on signs of a much improved market including prospects of a pick-up in demand.
Former Saudi Oil Minister Yamani, Face of 1973 Oil Embargo, Dies
2021-02-23 11:10:00| OGI
Known for his elegant manner and trademark goatee, Sheikh Zaki Yamanis 24-year tenure running the oil affairs of the worlds biggest producer made him a global celebrity during the inflationary oil shocks of the 1970s.
Permian Shale Producers See Deep Freeze Hitting Thousands of Barrels of Oil Production
2021-02-22 23:20:00| OGI
Permian Basin-focused shale producers Diamondback Energy, Cimarex Energy and Occidental Petroleum say their first-quarter oil production will be hit by a recent winter storm.
Tags: production
deep
oil
thousands
US Oil Producers Eye Long Road to Recovery Following Texas Winter Storm
2021-02-22 20:25:00| OGI
The winter storm that gripped Texas and much of the country over the past week forced the biggest ever weather-related shutdown in the Permian Basin, cutting 2 million to 4 million bbl/d from nationwide oil output.
Russia, Saudi Arabia At Odds over Oil Cuts Ahead of OPEC+ Meeting: Reports
2021-02-22 19:00:00| OGI
Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group.
Tags: reports
meeting
oil
ahead
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