OPEC met in Vienna last week, attempting to bolster oil prices and the Saudi Aramco IPO. But, as Spencerjakab explains, the next oil rally may actually take place at the hands of U.S. shale producers. WSJWhatsNow
The direction of oil prices in 2020 and 2021 may be decided over spreadsheets in Midland, Texas, rather than over Sacher torte in Vienna.
Last week’s meeting of OPEC+—the Organization of the Petroleum Exporting Countries plus its noncartel allies—lighted a temporary fire under crude prices. The effect gave the historic initial public offering of Saudi Arabian Oil Co. a boost. It didn’t take long for analysts to poke holes in the agreement. Fortunately for major oil exporters though, market forces in the U.S. may ride to the...
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tullow Oil cuts guidance for oil production and CEO resignsThe energy company said that despite a solid financial performance, it expects net production in 2019 to average around 87,000 barrels of oil per day due...
Read more »
In the Next Downturn, Fiscal Policy May Have to Step UpThe unconventional tools the Federal Reserve deployed to stimulate the economy after the 2008 financial crisis probably won’t have the same power to spur growth in another downturn.
Read more »
Ryanair says Europe delays may mean no MAX jets next summerRyanair may not receive any 737 Max aircraft from Boeing by next summer over Eur...
Read more »
Oil prices stumble on weak China exports hangoverOil prices fell on Monday after data showing China's overall exports of goo...
Read more »
Finland's next prime minister breaks the mold in many waysWhen Sanna Marin takes over the reins of the country, she will become the youngest leader of a government in the world.
Read more »
Will Canada Goose's Immersive Concept Attract the Next Generation of Luxury Shoppers?The Canadian brand just unveiled The Journey, an immersive concept featuring real snow, the scent of the wintry outdoors, Instagrammable content... and no inventory.
Read more »