Crude Oil Prices At Fresh 3-Month Lows, Fed Meeting In Focus
In its previous report, it estimated that U.S. crude oil production will rise in the seven shale regions by 80,000 bpd (barrels per day) to 4,873,000 bpd in March 2017-compared to the previous month.
In the last part of this series, we'll take a look at some crude oil price forecasts.
Oil's fall from grace last week started with hedge funds, and it may only get worse from here.
OPEC and the US continue to fight for dominance in the global oil market.
US shale oil production had been in retreat as oil prices tumbled from above $100 a barrel in 2014 to below $30 in 2015, making costly fracking processes less profitable.
And in 2016, OPEC assembled a coalition of 11 non-OPEC countries, including Russia, Mexico, Kazakhstan, Azerbaijan and Malaysia, to coordinate OPEC and non-OPEC output cuts. The rout accelerated Friday after Baker Hughes Inc. data showed American shale explorers keep adding rigs.
'Hangouts Meet' Video Conferencing, 'Hangouts Chat' Messaging Services Launched
Just a week ago, we reported how Google is re-positioning the Hangouts app for enterprise users with the launch of Meet service. All of this is part of the company's push to make its G Suite productivity suite more appealing to businesses large and small.
Investigation Widens to All Branches
I expect Marines to give their all to be the best human beings, teammates and Marines possible", Neller added. Some lawmakers have criticized the Marines for not responding forcefully enough to the scandal.
Vols lose to Georgia in SEC tourney, 59-57
The Vols ended the game on a 0-for-5 shooting streak from the field. He's a shooter, and he's proven he's not afraid to take that shot.
On Wall Street, the S&P 500 was little changed at 2,373.5, the Dow slipped 0.1% to 20,881.7 and the Nasdaq Composite rose 0.3% to 5,877.2.
The Organization of the Petroleum Exporting Countries (OPEC) and shale producers have fought each other to a draw over the last two years, with neither able to achieve a decisive victory. OPEC is said to be prepared to extend the deal, and may also increase the cuts, if inventories fail to drop to a specified level, sources from the group told Reuters. That brought the total count to 617, the most since October 2015.
Kuwait is scheduled to host a ministerial meeting on March 26 comprising both OPEC and non-OPEC members to review compliance with the output agreement and to discuss whether cuts would be extended beyond June.
That was the day OPEC announced lower production targets for the first half of 2017, sending crude prices hurtling higher. Recently, both production and exports in the USA have hit record highs of around 9 million barrels a day, respectively.
As output climbs, producers are increasingly seeking protection against a price reversal.
The next commitments of traders reports, published on March 17 and March 20, will reveal how much of the remaining net long position was liquidated between March 8 and March 10, and give some idea of how much more needs to be liquidated before prices steady again. A weaker U.S. Dollar could soften the landing, however.
Brock Osweiler's Contract & Salary With Browns
This Osweiler trade doesn't make the Browns a guarantee to trade for Garoppolo, although they remain the Patriots best hope. The Texans will also send their a 2018 second-round pick and 2017 sixth-round pick as part of the deal with the Browns.
Powers Real Madrid, Barcelona set for Miami showcase in July
The game resulted in a 1-0 win for Real, courtesy of a goal from former manager Vicente del Bosque. El Clasico will be played at the home of National Football League side Miami Dolphins this summer.
Wales 22 - 9 Ireland: North crosses twice for rampant Welsh
Wales coach Rob Howley says George North demonstrated he is a world class player with his two tries in the 22-9 win over Ireland. The fact we knew we were much better than we had been showing, and the fact results didn't go our way. "It was tough.
US sending 400 troops to bolster Raqa offensive
Maintaining peace between the groups in Manbij will be crucial if they will work together in the battle for Raqqa. Turkish Armed Forces said on Friday it killed at least 71 YPG militants in northern Syria over the past week.
MI bounces Gophers from Big Ten tournament
Thankfully, they were safe, but they also were shaken, having just experienced one of the scariest moments of their lives. MI is the tournament's No. 8 seed while Wisconsin is seeded 2nd, Minnesota was seeded 4th and Northwestern is seeded 6th.
One Stock Analysts Are Watching - Exxon Mobil Corporation (NYSE:XOM)
According to their observations and findings, the stock could provide a high EPS of $1.44/share and a Low EPS of $0.81/share. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.
Great Barrier Reef suffers yet another mass coral bleaching event
The second consecutive coral bleaching incident is bound to scar the reef permanently. The corals aren't getting the chance to bounce back from last year's bleaching event.
How The Vampire Diaries Was Originally Supposed to End
It's amusing , but feels very right, that in the end the romantic triangles and boondoggles didn't really matter at all. Plec continues, "Then of course we created the Other Side and then Elena became a vampire and then Nina left the show".
Turkey's Erdogan Calls Dutch `Fascists' After Minister Grounded
Rutte said Turkey's call for a large rally in Rotterdam had derailed discussions about whether Cavusoglu could enter the country. Bans on similar meetings have been imposed in Germany and Austria also barred Turkish officials from holding referendum rallies.
Tim Tebow Goes 0-For-3 With 2 Strikeouts In Spring Debut
Asked on Friday whether he felt he had adequate security at Mets camp, Tebow said he "absolutely" feels safe. When she asked where she should go, the officer told her it was probably best for her to leave St.