Quotes of oil rose by almost 2% on Wednesday after Saudi Arabia said it would reduce oil exports and provide an even more significant reduction…
Tag: oil production
Oil Glut you say? Here Comes Some More!
U.S. crude stockpiles were forecast to have risen last week for a fourth straight week, ahead of data from the American Petroleum Institute (API). Also…
At $65 WTI Continental Resources Sees 20 Years Of 100% Returns
The Company currently has 8 rigs drilling in the Bakken, up 2 rigs from last quarter
Russia And Canada Ready To Reduce Crude Oil Output, Oil Price , Stocks Bounces Back.
Premier Rachel Notley announced Sunday that the province will mandate a cut to oil production of 325,000 barrels per day in a bid to reduce a glut in storage and ease a massive price differential for western Canadian oil.