U.S. oil producers say they can’t handle oil prices

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According to Shale Pache, the largest operator, US oil producers will not be able to increase their supply of “OPEC-controlled” crude prices.

Brent crude fears of rising global oil and coal prices, which pushed higher prices for natural gas and coal in Europe and Asia last week, rose more than $ 80 a barrel to three years.

But Scott Ffield, chief executive of Texas-based Natural Resources Natural Resources, said the United States was once used by some of the world’s richest producers to pay shareholders, not to fund new drills.

75 Field states: “Whether they are 75 Brent, 80 Brent or 100 Brent, they are all disciplined.” All the shareholders I spoke to said that if anyone returned to growth, those companies would be punished.

“I don’t think the world can rely on the United States,” he said. It is actually controlled by OPEC.

This ion bought two rival Texas producers this year, making it the largest single oil producer in the Permian Basin, producing about 360,000 barrels a day – more than some OPEC oil cartels. He said he would cover any increase in performance by 5 percent next year below double digits.

The Pioneer chief’s comments come as the US government, led by OPEC, pushes for increased supply of raw materials to keep inflation afloat.

The expanded OPEC +, which includes partners such as Russia, will meet on Monday to further its goals.

Last year, the group agreed to deep production cuts to restore the price of raw materials when the locks hit the power supply.

But according to Goldman Sachs, supplies are currently in short supply as the world’s crude oil reserves fall sharply. Last week, the bank raised its annual Brent forecast from $ 80 to $ 90 a barrel. On Friday, Brent traded at $ 79.28.

According to some analysts, the European and Asian gas congestion could spill over into liquid fuels, increasing the demand for crude oil as industries burn more oil.

OPEC + agreed to raise 400,000 BD per month until the end of 2022, but some analysts say supply should rise quickly to deal with further inflation.

US National Security Adviser Jackie Sullivan holds talks with Saudi Crown Prince Mohammed bin Salman on the price of oil, the White House reports.

According to Feld, the Biden administration has called for increased OPEC supplies, and has been trying to “delay US drilling by any means,” such as cessation of federal leases.

“They prefer to import crude oil from OPEC,” he said.

In the last decade, the United States has been the largest producer of lilac in the world. By the end of 2019, it will be about 13 million a day.

But years of debt-ridden drilling have angered operators and investors, some say, and the sector is at risk by 2020.

Excavations have begun: Some analysts predict a modest increase in production – but production will remain below 15 percent below the pre-epidemic peak.

Ffield, for its part, said the agreement in Permania would also provoke reactions to rising prices.

“There are only four or five companies with acres,” he said.

“Maybe a million, above, about two years,” F field said.

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