The Best Energy Stocks For A Volatile Summer

SourceYahoo News
SectorOil & Gas
CountryGulf

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Editor OilPrice.comJuly 20, 2021, 9:00 AM·9 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

Oil prices have been reeling ever since Saudi Arabia and the United Arab Emirates (UAE) reached a compromise that resolved their nearly two-week-long standoff over production levels. Under the compromise, the UAE will see its baseline production level lifted to 3.65 million from the current baseline around 3.17 million bpd when the current pact expires in April 2022.

Unfortunately, this nebulous agreement could present a risk, according to the head of oil and gas at Fitch.

“There’s a risk this could open the door...read more...