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Tag: opec
Oil Producers Outside OPEC Stuck in Crossfire With Shale: Energy
2015-02-12 10:01:51| Oil & Gas - Topix.net
High-cost regions from aging North Sea fields to untapped resources in East Siberia and deep-water projects off Latin America will suffer the most from the clash, say Standard Chartered Plc, Citigroup Inc. and BNP Paribas SA. The Organization of Petroleum Exporting Countries refused to cut output in November to eliminate a surplus caused in large part by U.S. production at a three-decade high, leaving more expensive operators to reduce supply.
Tags: energy
oil
stuck
producers
Oil Producers Outside OPEC Stuck in Crossfire With Shale: Energy
2015-02-12 01:04:41| Energy - Topix.net
High-cost regions from aging North Sea fields to untapped resources in East Siberia and deep-water projects off Latin America will suffer the most from the clash, say Standard Chartered Plc, Citigroup Inc. and BNP Paribas SA. The Organization of Petroleum Exporting Countries refused to cut output in November to eliminate a surplus caused in large part by U.S. production at a three-decade high, leaving more expensive operators to reduce supply.
Tags: energy
oil
stuck
producers
OPEC Cuts Forecast for US Oil-Supply Growth After Price Rout
2015-02-09 16:17:00| Oil & Gas - Topix.net
OPEC cut forecasts for global oil-supply growth in 2015 as U.S. drillers lead a slowdown in drilling after last year's price collapse. The Organization of Petroleum Exporting Countries lowered its estimate for non-OPEC supply growth by about 400,000 barrels a day, led by a reduction of 130,000 a day in the U.S. Estimates for Colombia, Canada and Yemen were also trimmed.
Tags: price
growth
cuts
forecast
OPEC Cuts Forecast for US Oil-Supply Growth After Price Rout
2015-02-09 16:00:44| Energy - Topix.net
OPEC cut forecasts for global oil-supply growth in 2015 as U.S. drillers lead a slowdown in drilling after last year's price collapse. The Organization of Petroleum Exporting Countries lowered its estimate for non-OPEC supply growth by about 400,000 barrels a day, led by a reduction of 130,000 a day in the U.S. Estimates for Colombia, Canada and Yemen were also trimmed.
Tags: price
growth
cuts
forecast
Opec oil production 'will not fall'
2014-12-23 09:42:29| BBC News | Business | UK Edition
Saudi Arabia's oil minister, Ali al-Naimi, says the Opec cartel will not cut oil production even if the price falls to $20 a barrel.
Tags: fall
production
oil
opec
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