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Tag: oil
Russia Signals No Change To Its Oil Quotas At Next Week's OPEC+ Meeting
2019-11-28 13:10:23| OGI
Russian oil companies proposed on Nov. 28 not to change their output quotas as part of a global deal until the end of March, when the current agreement expires, putting pressure on OPEC+ to avoid any major shift in policy when the group meets next week.
Tags: change
weeks
meeting
oil
Oil Falls As US Rights Bill Fuels Tensions With China
2019-11-28 13:05:22| OGI
Oil prices fell for a second day on Nov. 28 after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fueling tensions with China.
US Oil Drillers Cut Rigs For Record 12th Month In A Row
2019-11-28 12:57:20| OGI
U.S. energy firms reduced the number of oil rigs operating for a record 12th month in a row after this week cutting rigs for a sixth consecutive week as producers slash spending on new drilling.
Unplanned Maintenance Halves Output At Kashagan Oil Field
2019-11-26 21:25:45| OGI
Production at the facility stood at 184,000 barrels per day (bbl/d) as of Nov. 25, the sources said, down from 400,000 bbl/d at the start of the month.
Tags: field
maintenance
oil
output
Analyst: Peak Oil Demand Is Just 5 Years Away
2019-11-25 21:00:00| OGI
DNV GL attributes the forecast to the rapid electrification of the global transport sector.
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