Post Tagged with: "facing"

Source: Reuters

Reuters claims OPEC facing significant market share loss

Oil Price


OPEC could potentially face further loss of market share in early 2024 following the recent departure of  Angola, weakening demand and rising output by non-OPEC producers, Reuters claims, based on its own calculations.

Reuters reports that OPEC’s production …

December 29, 2023 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: World Oil

Permian Basin facing new environmental rules that could curb drilling

World Oil


(Bloomberg) — The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico.

The Environmental Protection Agency is weighing …