OPEC/USA – As OPEC+ talks stall, US shale producers hedge their bets (Sheela Tobben, Kevin Crowley and David Wethe, Bloomberg, Al Jazeera)

As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones.

They weren’t ordering their crews to drill for more oil. They weren’t game-planning a miraculous comeback in American crude production. They were securing hedges — locking in prices for the oil they plan to produce next year and protecting themselves against a potential market slump, people familiar with the trades said, asking not to be named because the information isn’t public.

As OPEC+ talks stall, US shale producers hedge their bets | Business and Economy News | Al Jazeera

US shale producers have said they will maintain fiscal discipline [File: Daniel Acker/Bloomberg]

US shale producers have said they will maintain fiscal discipline [File: Daniel Acker/Bloomberg]
Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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