Jeff Quigley, director of energy markets for Stratas Advisors, recently sat down with Hart Energy's Jessica Morales to discuss the outlook of OPEC's latest oil production agreement after returning from the group's meetings in Vienna last week.
Quigley said while the new agreement creates a sense of optimism there is still talk the extension may be revisited during the next meetings in June. According to Quigley, countries like Libya and Nigeria should have no problem upholding their part of the agreement. Additionally, Russia has voiced concern about the production cutbacks, so the world will be watching them throughout 2018.
Recommended Reading
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Marathon Oil Declares 1Q Dividend
2024-04-26 - Marathon Oil’s first quarter 2024 dividend is payable on June 10.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.
Energy Transfer Ups Quarterly Cash Distribution
2024-04-25 - Energy Transfer will increase its dividend by about 3%.