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Continental Resources, Callon Join Shale Peers in Curtailing Oil Output

2020-05-11 15:07:03| OGI

A month-long oil price war between Saudi Arabia and Russia and the economic fallout from the COVID-19 pandemic caused a historic drop in oil prices, forcing producers to drastically cut their spending and scale back on activity.

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Trump, Saudi King Reaffirm Ties Amid Tensions over Saudis Oil Output

2020-05-08 23:25:00| OGI

"The two leaders agreed on the importance of stability in global energy markets, and reaffirmed the strong United States-Saudi defense partnership," a White House spokesman said.

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North American Oil Producers Cut Output Quicker Than Some Expected

2020-05-07 19:40:05| OGI

They are on course to cut roughly 1.7 million barrels per day (MMbbl/d) by the end of June, according to a Reuters analysis of U.S. state and company data.

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How Does Government Have the Power to Curb US Oil Output

2020-05-06 11:10:00| OGI

Small oil companies in Texas, North Dakota and Oklahoma have asked state and federal authorities for help to stop the pain by allocating cuts and other measures. But how can states mandate output curbs?

Tags: us power government oil

 

Diamondback Energy to Cut May Oil Output, Profit Tops Estimates

2020-05-04 22:49:41| OGI

The Texas-based company also maintained its cash dividend of $0.375 per common share for the first quarter.

Tags: energy cut oil output

 

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