OPEC Reaches Vague Oil Production Deal As These Divisions Remain [Investor's Business Daily]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Investors Business Daily
Related news YOU MIGHT BE INTERESTED IN: Energy Stocks And Industry News: Oil, Gas, Solar, Coal IBD Stock Of The Day Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks Oil prices and stocks, led by Royal Dutch Shell ( RDSA ), Marathon Oil ( MRO ) and California Resources ( CRC ), surged after OPEC agreed to increase production next month, though the vagueness of the deal underscored the fissures in the oil group. X OPEC producers and allies like Russia will aim to increase output by about 1 million barrels per day, Saudi Oil Minister Khalid al-Falih told reporters, though the actual increase is likely to be smaller as countries like Venezuela struggle to ramp up. S&P Global Platts expects a net output increase of around 700,000 bpd, largely met by Saudi Arabia. But OPEC's official statement on the decision didn't provide a specific number for the production increase. Inste
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