High prices will prompt OPEC+ to step up its production by 500 kb/d, while at the same time withdrawing Saudi Arabia’s additional production cut.” –Eugen…
Tag: Crude Oil production
Vaca Muerta Crude Oil Production field grew 39%
After the start-up of the Argentine Natural Gas Production Promotion Plan in January, the activity of the Vaca Muerta hydrocarbon field grew 39% compared to December of last year. …
Crude Oil jumps 5%, posting second straight week of gains
Oil prices rose on Friday and were on course for a second consecutive week of gains as U.S. producers rapidly shut crude production and more…
Production Cuts May Not Be Enough to stop crude decline
OPEC saw its crude oil production dip by nearly 500,000 bpd in January from December
Oil Glut you say? Here Comes Some More!
U.S. crude stockpiles were forecast to have risen last week for a fourth straight week, ahead of data from the American Petroleum Institute (API). Also…
Crude Oil market volatility seen continuing into the New Year
The oil market is under the thrall of macroeconomic factors that are weighing on the stock market and raising questions about crude demand in 2019.
2019 U.S Oil producers will pump an average 12.06 million barrels a day
EIA expects global liquid fuels consumption to increase by 1.5 million b/d in 2019, with growth largely coming from China, the United States, and India.
Oil Prices Climb as OPEC members and Russia allies agreed to reduce output
The Crude oil soared 2.18% and settled at $52.61 per barrel after OPEC agreed to cut production by 1.2 million barrels per day during the…
