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Tag: oil
Climate Goals Could Sink Oil Demand From Mid 2020s
2019-04-11 15:26:59| OGI
If no new climate policies are implemented, oil demand could plateau at around 110,000 MMbbl/d from around 2030, according to the study.
Oil Prices Slip As US Stocks Surge, But Global Market Tightens
2019-04-11 11:15:00| OGI
Rising U.S. crude stocks dragged oil lower on April 11 but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies.
Tags: market
global
prices
oil
BP Latest Oil Major To Exit China's Shale Gas After Poor Drilling Results
2019-04-11 11:10:00| OGI
BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said this week.
Tags: results
latest
major
poor
Venezuela oil Output Plummets To 870,000 bbl/d On Outages, Sanctions: IEA
2019-04-11 10:44:00| OGI
Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela's crude output to a long-term low of 870,000 barrels per day (bbl/d), the International Energy Agency(IEA) said on April 11, even lower than OPEC reported the day before.
Tags: oil
output
venezuela
sanctions
Gran Tierra, Frontera-GeoPark Consortium Win Ecuador Oil Contracts
2019-04-10 20:38:47| OGI
The so-called Intracampos blocks contain some 854 million barrels of oil and will require more than $1 billion in investment, the government says.
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