SIG Maintains EOG Resources(EOG.US) With Buy Rating, Maintains Target Price $156

Moomoo News01:31 ET · Ratings

Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?

The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."

wallstreetcn21:09 ET

Oil Prices Slide Over US$2 As OPEC+ Accelerates Output Hikes

Business Today19:46 ET

$50 Oil Looks Likely. It Isn't Priced in the Stocks Yet. -- Barrons.com

Barron's14:58 ET

Update: WTI Oil Trading at Four-Year Low as OPEC+ Looks to Discipline Members With Another Hike in Supply

MT Newswires14:37 ET

DBS Bank Adjusts Price Target on EOG Resources to $142 From $155, Maintains Buy Rating

MT NewswiresMay 5 09:19 ET · Ratings