OPEC and U.S. shale producers should reduce crude shipments into an oversupplied...
DENVER - OPEC and U.S. shale producers should reduce crude shipments into an oversupplied market, Continental Resources Chief Executive Harold Hamm said on Tuesday, as Iran sanctions and the U.S.-China trade dispute has roiled the market.
In comments that touched on oil demand, U.S. trade with China, and production hedging, Hamm said at the EnerCom energy conference in Denver, Colorado, that he expected OPEC and its allies to further cut output. U.S. shale producers have cut the number of active drilling rigs, but he said reductions “haven’t bottomed yet,” noting that “we’re heading for 800” onshore rigs. The U.S. oil and gas land rig count was 909 as of last week, according to data from General Electric Co’s Baker Hughes.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Huawei CEO says 'bullets fired' at smartphone business by U.S. sanctions, calls for dramatic overhaul to survive'Two bullets fired at our consumer business group unfortunately hit the oil tanks,' billionaire CEO Ren Zhengfei reportedly wrote in a letter to the company dated August 2, 2019.
Baca lebih lajut »
Oil prices fall on worries over demand growth outlookOil prices fell on Monday, dragged down by an economic slowdown and worries abou...
Baca lebih lajut »
Oil slips as demand outlook, trade dispute weighOil prices dipped on Monday amid worries about an economic slowdown and the Sino...
Baca lebih lajut »
India's Reliance to sell 20% stake in oil-to-chemicals business to Saudi AramcoIndia's Reliance Industries Ltd is set to sell a 20% stake in its oil to ch...
Baca lebih lajut »
Oil falls on lower demand outlook, U.S.-China trade disputeOil prices fell on Monday amid worries about an economic slowdown and the U.S.-C...
Baca lebih lajut »
Rite Aid Names Heyward Donigan as CEORite Aid appointed Heyward Donigan as chief executive, saying her experience leading health-care companies would help the pharmacy chain confront competition that has hurt sales and prompted job cuts.
Baca lebih lajut »