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Oil rallies sharply on lower US production, OPEC concerns - Reuters
Reuters | Oil rallies sharply on lower US production, OPEC concerns Reuters U.S. domestic crude oil production peaked at just above 9.6 million barrels per day (bpd) in April before falling by more than 300,000 bpd over the following two months, Energy Information Administration (EIA) data showed on Monday. Excess supply has ... Arab Gulf states can outlast low oil prices, but expect foreign policy to shift Rising oil output boosts Saudi economic growth Fire at Saudi oil workers' compound kills 10, many injured |
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