Post Tagged with: "production forecast"

Source: World Oil

U.S. expects tightening global oil market, reverses production forecast

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

Source: Reuters

Hess posts bigger-than-expected loss, cuts annual production forecast

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 …

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017

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 …