Energy stocks were rising with oil prices after countries closely aligned with the Saudi Arabian-led Organization of the Petroleum Exporting Countries (OPEC), including Russia, signaled on Saturday they would reduce their production for at least six months beginning Jan. 1. However, the U.S. response may already be underway, as rigs rise in the onshore.
Non-Opec
Articles from Non-Opec
OPEC Sees North American Unconventionals Rising Faster Than Forecast on Improved Costs, Productivity
North America’s unconventional oil production from shale and tight formations will remain a “major source” of global supply growth until 2030, with output to 2040 rising faster than initially forecast because of lower costs and improved productivity, the Organization of the Petroleum Exporting Countries (OPEC) said Tuesday.
November 8, 2016
OPEC Reverses U.S. Outlook, Now Sees Oil, Liquids Production Declining in 2016
U.S. crude oil and natural gas liquids production in 2016 may reverse for the first time in years, OPEC said Monday in its monthly forecast report, a reverse from what analysts predicted one month ago.
October 12, 2015