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OPEC, allies agree to deepen oil output cuts

12/4/2019

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OPEC "+" led by Russia was moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent an oversupply, sources from OPEC and its allied producers said in Vienna. WTI Crude is $58.61; Brent is $63.45.
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Source: Reuters.com - By: Rania el Gamal, Alex Lawler, Ahmad Ghaddar - Image: Leonhard Foeger
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Russia yet to finalize stance before OPEC+ considers deeper oil cuts

12/3/2019

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OPEC and its allies, a group meet on Thursday and Friday, already have a deal that runs to March to cut 1.2 million barrels per day (bpd), or about 1.2% of global demand. Sources say that OPEC+ will discuss policy beyond March at the Vienna meeting, is now considering deepening the cuts by at least 400,000 bpd more. WTI Crude is $55.63; Brent is $60.81 this morning. ​
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Source: Reuters.com - By: Anastasia Lyrchikova - Image: Evgenia Novozhenina/File Photo
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Oil Rebounds on Speculation That OPEC+ Could Deepen Output Cuts

12/2/2019

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Iraq’s Oil Minister told reporters on Sunday there could be an additional cut of about 400,000 barrels a day. A gauge of China’s manufacturing sector jumped unexpectedly in November, suggesting a recovery in activity. WTI Crude is $56.26; Brent is $61.90 this morning. ​
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Source: Bloomberg.com - By: Alex Longley - Image: Akos Stiller/Bloomberg
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Oil Rises on Signs of Trade-Talks Progress, Stockpile Drop

11/26/2019

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Crude has been rising since early October on the thaw in trade hostilities between the world’s two largest economies, although investors are becoming increasingly fatigued over how long the negotiations are taking. WTI Crude is $58.12; Brent is $63.77 this morning. ​
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Source: Bloomberg.com - By: Ann Koh & Grant Smith - Image: Bronte Wittpenn
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Oil holds above $63 on U.S.-China trade talks optimism

11/25/2019

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On Friday, U.S. President Donald Trump and Chinese President Xi Jinping expressed a desire to sign an initial trade deal and defuse a 16-month tariff war that has lowered global growth. WTI Crude is $57.64; Brent is $63.19 this morning. ​
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Source: Reuters.com - By: Seng Li Peng & Dmitry Zhdannikov - Image: Reuters/Stringer
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Redhawk Investment Group, LLC offers direct and alternative  oil and gas investment opportunities that  enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. There are significant risks associated with investing in oil and gas offerings. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.​

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  • Home
  • About
    • Our Leadership
    • Our Investors
  • Offerings
    • Current Offerings
    • Closed Offerings >
      • Redhawk Resources - Fund I, LP
      • Redhawk Resources - Fund II, LP
      • Redhawk Resources - Fund III, LP
      • Redhawk Minerals Fund I, LP
  • Redhawk Blog
  • News
  • Video Library
  • Contact