World Oil (Bloomberg) – The U.S. expects the global oil market to tighten this year as it reverses its forecast in a move that more closely aligns with bullish estimates by OPEC and the International Energy Agency. A small drop in production growth from the Organization of Petroleum Exporting Countries alliance, as well as those outside of them, will trim
Reuters U.S. oil and gas producer Hess Corp HES.N reported a bigger-than-expected quarterly loss on Wednesday and slightly lowered its full year production forecast, as its operations were hit by hurricanes in the Gulf of Mexico and lower production in South East Asia, sending its shares down 3.1% in early trade. The company and its peers have lowered capital spending this year
U.S.’s 2020 crude oil production en route to 13.3 MMBOPD – EIA By Bevo Beaven, Editor, Oil & Gas 360 There’s no doubt that production around the U.S. oilpatch is continuing its significant upward momentum. In the heart of the price-crash doldrums, the EIA reported in April 2016 that U.S. crude oil production fell below the 9 MMBOPD mark for
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