{"id":1792,"date":"2021-01-11T12:57:30","date_gmt":"2021-01-11T12:57:30","guid":{"rendered":"https:\/\/www.libertyenergy.com\/?p=1792"},"modified":"2022-12-06T21:32:07","modified_gmt":"2022-12-06T21:32:07","slug":"reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021","status":"publish","type":"post","link":"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/","title":{"rendered":"Reuters: &#8220;OPEC crude output cuts should help U.S. shale profits in 2021&#8221;"},"content":{"rendered":"<p>HOUSTON (Reuters) &#8211; A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer.<\/p>\n<p>U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses. Investors had already been pressuring the industry to curb spending and boost returns before the pandemic hit. Shale output was quickly cut, but might return quickly if prices keep rising.<\/p>\n<p>&#8230;<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-global-oil-shale\/opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021-idUSKBN29F06N\">https:\/\/www.reuters.com\/article\/us-global-oil-shale\/opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021-idUSKBN29F06N<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON (Reuters) &#8211; A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels&hellip;<\/p>\n","protected":false},"author":8,"featured_media":407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"post_series":[],"class_list":["post-1792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reuters: &quot;OPEC crude output cuts should help U.S. shale profits in 2021&quot; - Liberty Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reuters: &quot;OPEC crude output cuts should help U.S. shale profits in 2021&quot; - Liberty Energy\" \/>\n<meta property=\"og:description\" content=\"HOUSTON (Reuters) &#8211; A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Liberty Energy\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T12:57:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T21:32:07+00:00\" \/>\n<meta name=\"author\" content=\"Audrey Flynn\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Audrey Flynn\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/\"},\"author\":{\"name\":\"Audrey Flynn\",\"@id\":\"https:\/\/libertyenergy.com\/#\/schema\/person\/e3f7b727ef54e891ebe34f56db03aaa3\"},\"headline\":\"Reuters: &#8220;OPEC crude output cuts should help U.S. shale profits in 2021&#8221;\",\"datePublished\":\"2021-01-11T12:57:30+00:00\",\"dateModified\":\"2022-12-06T21:32:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/libertyenergy.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Editorial\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/\",\"url\":\"https:\/\/libertyenergy.com\/reuters-opec-crude-output-cuts-should-help-u-s-shale-profits-in-2021\/\",\"name\":\"Reuters: \\\"OPEC crude output cuts should help U.S. shale profits in 2021\\\" - 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