Summer tradition featuring 70mm films returns The Museum of the Moving Image’s annual summer tradition, the See It Big! The 70mm Show, has returned with eight classic and contemporary films photographed in 70mm that will be projected in 70mm.
By Liz Hampton and Terry Wade HOUSTON (Reuters) - It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. The agreement effectively establishes a floor on prices near $50 a barrel - around where many U.S. shale oil companies can make money and drill new wells. "This gives U.S. producers more confidence,” said James West, partner at the investment firm Evercore ISI in New York.
Iraq on Wednesday questioned one of the two methods OPEC is using to estimate the oil production of its members, signaling the issue could be a problem for the country to join output limits that the group agreed to start implementing this year. OPEC uses two sets of figures for output estimates - submissions by the countries themselves and estimates by secondary sources, which are usually lower but are seen as better reflecting real output. "These figures (secondary sources) do not represent our actual production," Iraqi Oil Minister Jabar Ali al-Luaibi said.
By Florence Tan and Jane Chung SINGAPORE/SEOUL (Reuters) - Asian crude oil buyers remained cautious, eyeing details of an OPEC deal after the oil-producers group agreed for the first time since 2008 to reduce output in an oversupplied market. Global oil prices held onto gains on Thursday after soaring 6 percent in the previous session as the Organization of the Petroleum Exporting Countries agreed on Wednesday to reduce output to a range of 32.5-33.0 million barrels per day.