In this week's video sponsored by KeyBanc Capital Markets, the much ballyhooed Doha, Qatar, meetings to freeze production among some OPEC and non-OPEC members, such as Russia, ended without agreement when Saudi Arabia was unwilling to go forward on holding production steady without cooperation from Iran. The inaction caused oil prices to stumble by as much as 3% earlier this week.
Sources:
OPEC Unglued: Saudi Arabia Won't Freeze Oil Growth Unless Iran Has To
E&P Finances Continue To Unravel Into Bankruptcy
American Energy Partners' Woodford Subsidiary Snags Devon's Noncore Assets, Changes Name
Callon Petroleum Adds Midland Basin Acreage, Establishes New Core
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