U.S. oil jumps above $30 as big producers set for Doha meet...

U.S. oil jumps above $30 as big producers set for Doha meet


Saudi Arabia and Russia Link

These two countries are the two biggest producers. A decision to cut their own production will have a significant
influence on world supply/prices.
How will it affect EGO as a predominantly gas producer ? In my opinion, you will see confidence come back into the industry, hence a return of capital investment i.e farmin activity whether it be oil or gas.

Doha meeting scheduled for today (7 hours behind us on E.S.T.)