Post Tagged with: "oil output"

Source: Reuters

OPEC oil output sinks as Saudi deepens cuts and others cut more, survey shows

Reuters


LONDON  – OPEC oil output hit the lowest in two decades in June as Saudi Arabia and other Gulf Arab members made larger cuts, a Reuters survey found, pushing group compliance in a supply reduction pact above 100% despite …

Source: Houston Chronicle

OPEC output falls as Gulf nations step up delivery of oil cuts

Houston Chronicle


OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets.

Saudi Arabia, Iraq and the United Arab Emirates reduced production in December, the final month of …

FILE PHOTO: Pump jacks are seen at the Ashalchinskoye oil field owned by Russia's oil producer Tatneft near Almetyevsk, in the Republic of Tatarstan, Russia, July 27, 2017. REUTERS/Sergei Karpukhin

Russia says it missed oil-deal target due to rise in gas condensate output

Reuters:


Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Sunday.

Russian oil output edged down to …

October 21, 2019 - 11:10 am Closing Bell Story‎, Energy News
Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

From Bloomberg

Under U.S. pressure, kingdom boosts production by 330,000 b/d

Libyan, Venezuelan losses mean total OPEC output holds steady. Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses …

Saudi Arabia Puts Pedal to the Floor on Oil Production

Saudi Arabia Puts Pedal to the Floor on Oil Production

“If you are Saudi Arabia…you would go to full capacity”

Goldman Sachs and Citi Group predict that Saudi Arabia will likely start to push production to its daily maximum of 11 MMBOPD in the second half of 2015, reports Bloomberg