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Oil increases towards $80 amid increased OPEC output cut expectations

2014-11-21 01:00:00| Offshore Technology

Brent crude oil increased towards $80 a barrel today on strong US oil consumer data and increased expectations of a production cut by the OPEC at its meeting next week.

Tags: increased cut oil output

 

TransCanada plotting new pipelines for surging North American oil output

2014-11-20 12:06:45| Oil & Gas - Topix.net

TransCanada Corp. is plotting new pipelines that would tap into burgeoning U.S. shale oil deposits, a company executive told investors a day after efforts to speed up approval of its Keystone XL project failed in the U.S. Senate. Paul Miller, the executive in charge of liquids pipelines, divulged few details of the nascent projects at the company's annual investor conference in Toronto.

Tags: north american oil output

 
 

Shale Output Unchecked by Cuts as Top Fields Become Focus

2014-11-19 07:04:40| Electronics - Topix.net

Shale drillers are planning on production growth with fewer rigs despite a worldwide glut that has sent crude prices to a four-year low. Companies including Devon Energy Corp., Continental Resources Inc. and EOG Resources Inc. said they expect to pump more from their prime properties while cutting back in their least productive prospects.

Tags: top focus fields output

 

GM Cuts Staff, Output at Michigan Car Plants

2014-11-12 11:00:06| Auto Dealers - Topix.net

General Motors Co. said on Tuesday it would reduce production and lay off 510 workers at two Michigan assembly plants to trim inventories of slower-selling vehicles even as auto sales generally remain red hot.

Tags: car staff output michigan

 

German factory output disappoints

2014-11-07 09:19:15| BBC News | Business | UK Edition

German industrial production rises less than expected in September, a sign that Europe's biggest economy is continuing to struggle.

Tags: german output factory disappoints

 

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