OPEC+ Production Continues Slow and Steady Climb

Author: guttman   Date:

OPEC+ concluded their meeting on Thursday with a continuation of their current schedule of adding 400,000 barrels per day (bpd) next month, dealing a blow to major oil-importing nations that hoped they would open the spigots.  The cartel disregarded pressure from high-consuming nations who wanted to halt the oil price rally over fears of slowing […]

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Industry Update: Continued Production Decline

Author: guttman   Date:

U.S. shale oil and gas producers are feeling the pressure from the latest panic on the spread of the coronavirus. Impact from the virus has caused West Texas Intermediate to fall below $45 a barrel. In its latest Drilling Productivity Report, released earlier this month, the Energy Information Administration said, “oil production has declined across six […]

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