U.S. Shale Giant Thanks OPEC+ For ‘Brilliant’ Market Rebalancing Efforts

U.S. Shale Giant Thanks OPEC+ For ‘Brilliant’ Market Rebalancing Efforts

From oilprice.com

OPEC+ has been doing a brilliant job in managing supply and demand balances in the pandemic and every American oil producer appreciates the alliance’s efforts, Occidental’s chief executive Vicki Hollub said on Tuesday. Thanks to the massive production cuts that OPEC+ started in May 2020, after a brief Saudi-Russian price war that only contributed to the oil price crash, oil prices stabilized later in the summer of 2020 and rallied this year as vaccination rollouts and economic stimulus made the market more optimistic about global oil demand later this year. U.S. producers are making profits by drilling new wells ... (full story)

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From streetinsider.com|Apr 8, 2021
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From reuters.com|Apr 8, 2021|11 comments
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From cnbc.com|Apr 8, 2021
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From youtube.com|Apr 8, 2021
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Powell: A brighter outlook for US economy from fiscal support, vaccines
From @DeItaone|Apr 8, 2021
tweet at 12:08pm: FED CHAIR POWELL SAYS A BRIGHTER OUTLOOK FOR U.S. ECONOMY FROM FISCAL SUPPORT, VACCINES: IMF EVENT tweet at 12:08pm: POWELL SAYS WE WANT TO SEE A STRING OF MONTHS LIKE MARCH JOBS REPORT TO SEE PROGRESS tweet at 12:09pm: FED'S POWELL: THE ECONOMIC RECOVERY IN THE UNITED STATES IS STILL INCOMPLETE AND UNEVEN. tweet at 12:11pm: - Given pace of vaccinations, US economy should be able to reopen "fairly soon" - Covid cases are rising again in the US, which could slow the recovery tweet at 12:21pm: POWELL SAYS NEED TO KEEP SUPPORTING THE ECONOMY, AND WE WILL