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Colombia Cuts National Oil Production Outlook for 2020

2020-04-30 19:54:16| OGI

If Brent oil prices hit about $35 per barrel national, oil output could average around 850,000 barrels per day, down from a previous forecast of 900,000 barrels, Colombia's energy leaders said.

Tags: national production oil colombia

 

Norway to Reduce Oil Production from June to December

2020-04-29 23:00:00| OGI

Norway, Western Europe's largest oil producer, will slash its output from June to December of 2020, the first time in 18 years it has joined other major producers to shore up prices.

Tags: to december june production

 
 

Texas Energy Regulator to Vote on Oil Production Curtailments Next Week

2020-04-28 18:30:00| OGI

The vote is following a motion submitted by Ryan Sitton, the Railroad commissioner who has already been vocal about the need for curtailments to address decades low oil prices.

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Oil Prices Rally on Acceleration of Production Cuts from OPEC Nations

2020-04-23 20:45:00| OGI

Oil prices soared on April 23, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand.

Tags: prices production oil nations

 

Oklahoma Judge to Recommend Regulators Rule Oil Production Economic Waste

2020-04-20 11:10:00| OGI

If approved by regulators, the motion could allow oil and gas companies to shut-in wells without losing leases that sometimes require drilling.

Tags: production economic recommend oil

 

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