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    • OPEC’s Trillion-Dollar Bet Against U.S. Shale

      Oilprice.com via Yahoo Finance· 20 hours ago

      OPEC's strategy to defend market share against US shale oil production has cost them trillions in lost revenue, but they may finally be seeing a light at the end of the tunnel as US production flattens.

    • Morningstar Says Oil Prices Look Weak

      Rigzone· 1 day ago

      “Further, Saudi Arabia just sold $11 billion in stock in state-run Aramco, indicating both its need for cash to fund Vision 2030 efforts and its inability to defend oil prices,” they went on ...

    • IEA Sees Major Oil Surplus This Decade

      Rigzone· 2 days ago

      The International Energy Agency (IEA) has forecast a surplus petroleum production of up to eight million barrels per day (MMbpd) by 2030 as cleaner transport and electricity generation drive ...