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Tag: oil production
Report: US Oil Production to Decline More than Previously Forecast in 2020
2020-11-10 19:30:00| OGI
Overall, U.S. crude oil production in the U.S. in 2021 is expected to fall by 290,000 bbl/d to 11.1 million bbl/d, compared with the EIA's previous forecast for a decline of 360,000 bbl/d.
Tags: report
production
previously
oil
Latin America Oil Production Slides as Region Awaits Market Rebound
2020-11-04 21:12:54| OGI
Hopes are for Latin American oil production to rise in 2021 to average about 7.65 MMbbl/d as upstream revenues climb, according to analysts.
Tags: region
market
america
production
Report: Russian Oil Bosses Debate Extending Production Cuts into 2021
2020-11-02 21:40:00| OGI
OPEC and Russia imposed a record oil output cut in April to support prices as the COVID-19 pandemic shrank demand. They are considering further steps as the global number of coronavirus cases is rising sharply.
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production
oil
russian
US Energy Secretary: Oil Production Will Not Return Soon to Pre-pandemic Levels
2020-10-28 20:28:47| OGI
U.S. oil output reached around 13 million barrels per day (MMbbl/d) in February before the coronavirus pandemic hit fuel demand.
Tags: return
production
levels
energy
Nearly Half of US Gulf Oil Production Shut as Producers Brace for Hurricane Zeta
2020-10-27 19:45:00| OGI
BP, Chevron and Shell, among others, evacuated 157 offshore facilities and sharply cut production from the U.S. Gulf of Mexico region on Oct. 27 ahead of Hurricane Zeta.
Tags: half
production
oil
shut
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