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Analysts: Oil Price Rally to Continue as OPEC+ Extends Output Cuts
2020-06-08 04:00:00| OGI
Following the deal, oil prices will continue rallying throughout the month of June, averaging at around $43/bbl for Brent and $30/bbl for WTI, analyst says.
Tags: price
continue
oil
output
From Zero to Hero: Physical Oil Rally Might be Short-Lived
2020-05-07 16:30:19| OGI
Production cuts from OPEC and elsewhere are forcing prices up, but full storage will ensure they dont rise too high.
Oil Prices Rally on Acceleration of Production Cuts from OPEC Nations
2020-04-23 20:45:00| OGI
Oil prices soared on April 23, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand.
Tags: prices
production
oil
nations
Ovintiv Employees, Other Oil Producers Rally Against Texas Production Cuts
2020-04-08 21:30:00| OGI
Texas Railroad Commission, which has the authority to mandate production curbs in the state, will consider next week a proposal to require larger oil producers to cut output by 20% beginning May 1.
Tags: production
texas
oil
employees
US stocks rally despite record unemployment claims
2020-03-26 23:35:21| BBC News | Business | UK Edition
The gains cap the best three-day streak for the Dow and S&P 500 since the Great Depression.
Tags: record
claims
stocks
rally