Oil Price Outlook Mired by Rebound in Crude Production

2020-08-29

  Chart created with TradingView Oil Talking Points The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC)Read More →

Breaking: Boeing Halts 737 Max Jet Production

2019-12-16

© Reuters. Investing.com – Boeing (NYSE:) will halt production of its currently grounded 737 Max jetliner for January, the Wall Street Journal reported Monday, citing a person briefed on the matter. The aerospace giant had continued to assemble about 40 of the jets per month while waiting for regulatory approvalRead More →

FAA probes Boeing 737 MAX production, ex-manager warns of ‘a factory in chaos’ By Reuters

2019-12-11

© Reuters. Federal Aviation Administration (FAA) Administrator Stephen Dickson testifies before a House Transportation and Infrastructure Committee hearing at the Rayburn House office building in Washington By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues atRead More →

Tullow Oil cuts guidance for oil production and CEO resigns

2019-12-09

Tullow Oil PLC said Monday that it has cut its production forecast for the near term after 2019 output fell significantly below expectations and Chief Executive Paul McDade has resigned with immediate effect. The energy company TLW, -58.67%  said that despite a solid financial performance, it expects net production inRead More →

OPEC considers two scenarios to adjust oil production

2019-05-18

JEDDAH, Saudi Arabia—The Organization of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions. If the group ultimately chooses to increase production, there’s a hitch: The cartel’s internal simulationsRead More →