Tag: crude oil production

Energy, Industries

Crude Oil Prices Extend Lower Amid Weaker US and Chinese Data

August 16, 2021

Via: DailyFX

Crude oil prices extended lower during Monday’s APAC mid-day session, marking a three-day decline of 2.35%. The release of poorer-than-expected Chinese industrial production and retail sales figures weighed on energy prices, showing that the world’s second-largest economy is struggling to […]

Energy, Industries

Oil jumps to two-year high as OPEC and allies reconfirm gradual production increase

June 1, 2021

Via: NBC News

A group of some of the world’s most powerful oil producers agreed on Tuesday to continue gradually easing production cuts amid a rebound in oil prices. OPEC and its oil-producing allies, known as OPEC+, will boost output in July, in […]

Energy, Industries

OPEC daily production falls by about 800,000 barrels, according to monthly report

February 12, 2019

Via: Market Watch

OPEC significantly reduced its crude-oil production in January, making good on its latest deal to curb output and rebalance an oversupplied market, the oil cartel said Tuesday. In its closely watched monthly oil market report, the Organization of the Petroleum […]

Energy, Industries

America could become oil king of the world in 2018

January 4, 2018

Via: CNN

The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, according to research firm Rystad Energy. Surging shale oil output should allow the United States to dethrone Russia […]