Saudis push OPEC to go for $70 a barrel
The goal was to cut production enough to reduce global oil inventories to their five-year average. The hope of the coalition of OPEC and Russia that reduction in production would get oil prices up to $60 a barrel. Now with that inventory reduction just about in place and with oil at $60 a barrel, the Saudis are pushing for further production cuts and a target price of $70 a barrel.
Diamondback Energy beats on earnings and starts dividend
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My Picks for the Permian boom–Part 1 producers
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Progress? Shanghai market stays open for trading all day and drops 5% just for the session
A 5% drop in Shanghai certainly isn’t good news but if what we looking foris for the market to clear with everybody who wants/need to sell able to sell, then this was a good day.
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