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US Oil Production to Decline Less Than Previously Forecast in 2020

2020-07-07 19:25:00| OGI

U.S. crude oil production is expected to fall by 600,000 bbl/d in 2020 to 11.63 million bbl/d, the EIA said July 7, a smaller decline than the 670,000 bbl/d it forecast previously.

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ConocoPhillips to Revive Shut-in Oil Production in Lower 48

2020-07-01 11:10:00| OGI

ConocoPhillips, the world's largest independent oil and gas producer, had announced the biggest cuts by any North American producer in April, reducing its output by 460,000 bbl/d by June.

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US Crude Oil Production Dropped in April

2020-06-30 20:00:00| OGI

The data suggests that oil production dropped off in April after crude prices had plummeted amid a supply glut and lack of demand due to the coronavirus pandemic.

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Petrobras: Buzios Oil Field Sets Daily Production Record in June

2020-06-30 15:13:53| OGI

Brazils Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels June 27, totaling 664,000 bbl/d and 822,000 boe/d.

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US Oil Production Falls to Lowest Point Since 2018

2020-06-17 22:00:00| OGI

Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.

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