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OPEC oil has advantage over U.S. shale during pandemic recovery

OPEC oil has advantage over U.S. shale during pandemic recovery

(Reuters) - The once-brash U.S. shale industry, which spent profusely in recent years to grab market share, is now focused on preserving cash, putting it at a disadvantage to low-cost OPEC producers as the global economy begins to gear up again.
Published 03 Mar, 2021 11:48am
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Oil optimism unwinding market's mad dash for storage

Oil optimism unwinding market's mad dash for storage

LONDON/NEW YORK/SINGAPORE (Reuters) - When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts.
Published 02 Mar, 2021 10:52am
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US oil still targets $64.15-$65.29 range

US oil still targets $64.15-$65.29 range

A doji formed on Thursday. It will only be regarded as a bearish reversal signal if a black candlestick appears on...
Published 26 Feb, 2021 11:03am