OPEC+ Seen Resuming April Supply Hikes as Oil Rises 17% [Yahoo! Finance]
Diamondback Energy, Inc. - Commmon Stock (FANG)
Last diamondback energy, inc. - commmon stock earnings: 2/18 04:01 pm
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Source: Yahoo! Finance
This article first appeared on GuruFocus Several OPEC+ delegates have signaled that the alliance could be preparing to resume modest production increases when it convenes by video conference on Sunday to set April policy. The group led by Saudi Arabia and Russia has not finalized its course of action, according to officials who spoke on condition of anonymity because the talks are private. Still, with oil demand described as robust and prices up roughly 17% despite broad expectations of a supply surplus, three delegates said they anticipate a series of small hikes could restart in April. Another official suggested that outcome remains possible, though far from settled, particularly as escalating risks of conflict between the US and Iran continue to cloud the outlook. Warning! GuruFocus has detected 10 Warning Sign with FANG. Is FANG fairly valued? Test your thesis with our free DCF calculator. Market participants have been bracing for a significant glut this year, as highligh
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