Thursday, August 28, 2025

Non-OPEC Producers agree to Cut the Equivalent of China, India 2017 Demand Growth

Non-OPEC cuts will rely on natural decline curves Oil prices continued to rise Monday on news that non-OPEC producers had come together over the weekend and agreed to cut 558 MBOPD, equal to the anticipated demand growth next year in China and India, according to data from the IEA. Taken together with OPEC’s 1,200 MBOPD cut, announced November 30, the

EQT to Drill 119 Marcellus Wells in 2017 – $1.5 Billion Spending Plan

EQT will finance 2017 budget from operations and cash-on-hand; Pennsylvania, West Va. Benefit EQT Corporation (ticker: EQT) announced its 2017 capital budget Monday. The company forecasts a 2017 capex budget of $1.5 billion, excluding business development and land acquisitions, and including $1.3 billion for well development. Funding will be provided by cash generated from operations, and cash-on-hand, the company said