Sentences with phrase «oil output became»
Libya and its growing crude oil output became a major worry for OPEC in the last few months when attacks on fields and pipelines largely subsided, allowing the country holding Africa's biggest oil reserves to recover its production to over 1 million barrels.
https://oilprice.com/ Not exact matches
China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.
When Major General Manuel Quevedo became head of Venezuela's oil industry last November, the former housing minister and national guard chief promised to boost oil output by a million barrels Continue Reading
A remarkable ability to unlock new resources cost - effectively pushes combined United States oil and gas output to a level 50 % higher than any other country has ever managed; already a net exporter of gas, the US becomes a net exporter of oil in the late 2020s.
World oil output is expected to become more concentrated in a few Middle Eastern countries — if necessary investment is forthcoming.