Post Tagged with: "Output"

Source: Reuters

Column: Rapid oil price rise divides fund managers

Reuters


LONDON – Hedge fund managers are starting to diverge over the likelihood of further oil price increases as Brent futures surge above $50 per barrel and global coronavirus infections accelerate.

Hedge funds and other money managers purchased the equivalent …

January 11, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Oil rises on hopes U.S. pandemic stimulus will spur fuel demand

Reuters


LONDON -Oil rose on Tuesday as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth, which pushed investors to take on more risk.

Brent crude was up 53 cents, or 1%, …

Source: Reuters

Oil operators get DUCs in a row, adding fracking crews to boost output

Reuters


DENVER – U.S. frackers have been bringing back equipment to boost production even with oil prices languishing around $40 a barrel, tapping into a backlog of drilled wells left uncompleted (DUCs) when oil prices crashed in the spring.

Oil …

Source: Reuters

Factbox: Libya’s troubled oil sector sees new revival

Reuters


LONDON – Libya’s oil sector, shattered by unrest since the toppling of long-time leader Muammar Gaddafi in 2011, is back on the rise.

The easing of a blockade by eastern forces, which had cut output by more than 90%

Source: Reuters

Oil prices up 3% as U.S. crude inventories fall, hurricane hits output

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Reuters


NEW YORK – Oil prices rose for a second day on Wednesday, gaining about 3% on an unexpected decrease in U.S. …

September 16, 2020 - 11:00 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Exclusive: OPEC+ needs to fix daily oversupply of more than two million barrels, document shows

Reuters


MOSCOW/DUBAI/LONDON  – Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make up for their recent oversupply, an internal OPEC+ report seen by Reuters …

Source: Reuters

Bounceback in U.S. shale oil output is unlikely to last the summer

Reuters


HOUSTON/NEW YORK – A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least a third of the 2 million barrels per day (bpd) …

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

From Reuters


U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

From Reuters


Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.

International benchmark Brent crude settled …

OPEC Oil Output Hits Lowest Since 2011 on Saudi Cut, Sanctions: Reuters Survey

OPEC Oil Output Hits Lowest Since 2011 on Saudi Cut, Sanctions: Reuters Survey

From Reuters


OPEC oil output hit an eight-year low in July as a further voluntary cut by top exporter Saudi Arabia deepened losses caused by U.S. sanctions on Iran and outages elsewhere in the group, a Reuters survey found.

The …

Spare Capacity Buffer Could Disappear with End of Cuts

Spare Capacity Buffer Could Disappear with End of Cuts

From Reuters

The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its allies agree next week to hike crude output, leaving the world more at risk of a …