Friday, April 24, 2026

OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise

Reuters LONDON/HOUSTON  – OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies. OPEC this month cut its 2021 forecast for U.S. tight crude, another term for shale, and expects production to decline by 140,000 barrels per

Oil prices rise with storm-hit U.S. output set for slow return- oil and gas 360

Oil prices rise with storm-hit U.S. output set for slow return

Reuters LONDON – Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation, just as demand recovers from the depths of the COVID-19 pandemic. Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel by 1330 GMT, after gaining nearly 1% last