Diamondback Boosts Annual Production Outlook as Oil Prices Rally

May 4 (Reuters) – U.S. shale producer Diamondback Energy (FANG.O) raised its annual production forecast on Monday, after beating ​Wall Street expectations for first-quarter profit on a ‌rally in oil prices. The first quarter was marked by geopolitical uncertainty and extreme volatility in oil prices, which have surged more than ​87% this year after the … Read more