OPEC Extends Output Cuts by Nine Months, but Market Reckoning Still Coming in 2018
As widely telegraphed before the May 25 meeting, OPEC and certain other countries have agreed to extend their production cuts, originally set to expire at the end of June, by nine months. There is no change to the magnitude of the cuts (1.8 million barrels per day, including 0.6 mmb/d from non-OPEC nations, such as Russia, Mexico, and Kazakhstan).The new agreement makes sense, given that the main objective of the cuts, bringing global inventories within the five-year average, remains incomplet...
Continental Resources is an independent crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas mainly in the North, South and East regions of the U.S. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken, and the Red River units. The South region includes all properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province and Sooner Trend Anadarko Canadian Kingfisher areas of Oklahoma. The East region is comprised of undeveloped leasehold acreage east of the Mississippi River.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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