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OPEC+ Cuts Can Benefit Oil & Midstream Investing

From etftrends.com

With U.S. oil production continuing to grow, the case can be made to invest in midstream. OPEC+ could extend the voluntary cuts of 2.2 million barrels per day (MMBpd) past the second quarter, the organization suggested last month. The voluntary cuts have been an attempt to prop up the price of oil and are part of 5.86 MMBpd cuts the organization has put in place since late 2022. It is important to note that the cuts are to quotas, not the actual production. See More: OPEC+ Subtracts – What Investors Need to Know Midstream Benefits Nevertheless, stronger oil prices resulting from OPEC+ cuts benefit U.S. energy ... (full story)

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  • Category: Fundamental Analysis