Sentences with phrase «global oil producers»

One reason oil likely won't get to that level is the emergence of the U.S. as a major global oil producer.

If it were its own country, the 3.9 million barrels per day that increase represents would rank sixth overall on the list of global oil producers, ahead of every OPEC nation except Saudi Arabia.

Not exactly a welcome development as global oil producers continue to pump at record rates despite the downdraft in prices.

The increase comes in large part from new offshore developments, including deepwater drilling, and helps restore Mexico's position as a major global oil producer and exporter.

In exchange, Rosneft receives state support and privileges which allow Igor Sechin to pursue his ambition to convert Rosneft into a global oil producer.

Global oil producers were able to earn attractive full - cycle rates of returns on capital employed above $ 85 per barrel, but at current prices, the industry is being forced to significantly pare back drilling activity.

So far, the Organization of the Petroleum Exporting Countries (OPEC) is biting into the idea of digital currency trading for oil commodities — but getting it done viably is still a subject of the global oil producer's comprehensive study.