IEA: U.S. Oil Production To Catch Up To Russia This Year; 2 Key Shale Earnings Due

The International Energy Agency echoed OPEC's report Tuesday, forecasting an increase in oil demand this year but U.S. production will  rise faster.

X Meanwhile, U.S. shale producers Diamondback Energy (FANG) and Occidental Petroleum (OXY) will report fourth quarter results after the market closes.

In its monthly report Tuesday, the IEA raised its global oil demand growth outlook to 1.4 million barrels per day, up from 1.3 million bpd in the month ago report. Oil demand grew at a rate of...

What feeling does this article give you?

#hashtags to follow:

International Energy Agency [+]    OPEC [+]    Diamondback Energy [+]    FANG [+]    Occidental Petroleum [+]    OXY [+]    IEA [+]   

More #news: