Sentences with phrase «crude output»

Indeed, crude oil production in the Lower 48 from new wells drilled since the start of 2014 accounted for 48 percent of total U.S. crude output in 2015.

Concerns about market tightness have also been fueled by the deteriorating political and economic situation in Venezuela that has led to a 40 percent decline in crude output in the past two years.

For next year, however, ING expects lower prices due to rising US crude output, which has jumped by a quarter since mid-2016.

In its monthly oil market report, OPEC said Thursday that the cartel's total crude output declined by 201,000 barrels a day in March, to average just below 31.96 million barrels a day.

When taken together, this combined push by shale drillers will add an incremental 800,000 barrels per day to North America's crude output by year's end, according to an analysis Wood Mackenzie.

With U.S. crude output at record highs, there is growing concern that the market won't be able to absorb excess supply without OPEC extending its production cuts.

The world's hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth.

Strong Chinese factory data and a decline in the country's crude output supported the oil market, but relentless growth in U.S. output weighed on crude futures.

Another supportive factor was an oil workers» strike in Norway, which threatened to cut North Sea crude output.

Looking at weekly crude output, it appears that U.S. producers are just getting warmed up.

JBC Energy's assessment for OPEC crude output in April sees this having jumped to 30.9 million b / d, up 125,000 b / d from March.

Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to Continue Reading

The possibility of Venezuela's exclusion from the IMF, an international coalition of nations created to promote economic stability, also raised traders» concerns over crude output from the struggling nation, prompting WTI prices to turn slightly higher week to date.

Crude output climbed 13 percent from a year earlier to 9.32 million barrels a day in March, the American Petroleum Institute said in a monthly report Thursday.

OPEC's crude output held steady at an average 31.76 mmb / d, as declines in output from Iraq and Kuwait were offset by increased production from Libya, Saudi Arabia and Nigeria.

-LRB-...) The EIA said on Monday that it had revised sharply higher its estimates of future US crude output to about 9.5 m barrels a day in 2016.

Among commodities, oil prices extended losses after being pressured by the dollar's bounce and rising U.S. crude output.

In just three months to November, U.S. crude output was seen increasing by a «colossal» 846,000 barrels a day, according to the IEA.

The agency added in the report that as OPEC was deciding to cut production last month, its crude output in November was 34.2 million barrels per day (mb / d)- a record high - and 300,000 barrels a day higher than in October.

U.S. crude output has increased about 64 % from five years ago, according to the U.S. Energy Information Administration.

But while Saudi Arabia — the world's second largest oil producer — continues pumping out oil to protect its market share in the face of swelling US crude output, what is the impact of reduced spending in the region for the legal market and how are local law firms faring compared to their international counterparts?