Sentences with phrase «oil output fell»

OPEC said Thursday its crude oil output fell last month amid compliance with the oil cartel's agreement to cut production, even as the world's total oil supply continued to rise on the back of burgeoning U.S. shale growth.

OPEC oil output fell in April to a one - year low due to declining production in Venezuela and lower shipments from African producers, a Reuters survey found, sending compliance with a Continue Reading

OPEC said Thursday its crude oil output fell last month amid compliance with the oil cartel's agreement to cut production, even as the world's total oil supply continued to Continue Reading

OPEC oil output fell in March to an 11 - month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance Continue Reading

OPEC oil output fell in March to an 11 - month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance with a supply - cutting deal to another record.

OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday, as top exporter Saudi Arabia kept production below its target, which helped offset weaker compliance by other members.

Not exact matches

Oil prices might have bottomed as output in the United States and other non-OPEC producers is beginning to fall quickly and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday.

Total upstream production came in at 689,400 barrels of oil equivalent per day in the first quarter, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day from 448,500 bpd.

Oil output in Venezuela, a member of the Organization of the Petroleum Exporting Countries, has fallen from almost 2.5 million barrels per day to just around 1.5 million bpd currently due to political and...

U.S. government debt prices fell on Monday after Saudi Arabia and Russia agreed on the need to freeze oil output.

Suncor Energy Inc., the world's second - largest oil - sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain from insurance settlements a year earlier.

Oil prices fell as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply.

Oil prices rose about 2 percent on tensions in the Middle East and concerns of a further fall in Venezuelan output.

Meanwhile, global oil stockpiles in developed countries could actually fall below the five - year average — the level OPEC is targeting — as inventories approach normal levels, oil demand potentially outstrips Goldman's estimate and OPEC possibly cuts output too deeply.

Foreign firms have pushed for a greater say in procurement to combat inefficiencies and graft, oil industry sources said, but disputes over governance standards have caused operational delays, raising tensions over Venezuela's falling oil output.

Oil output in Venezuela , a member of the Organization of the Petroleum Exporting Countries (OPEC), has fallen from almost 2.5 million barrels per day (bpd) to just around 1.5 million bpd currently due to political and economic turmoil in the South American country.

Gross domestic product grew by 4.9 per cent in Alberta, with the oil - producing province recovering from two straight years of falling output following the collapse of oil prices.

Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $ 80 a barrel: BofAML While plunging output in Venezuela captures the oil world's attention, Continue Reading

However, in contrast to the reaction following the March output increase, the oil price did not fall sharply following this announcement, as the market judged the increase was again likely to be insufficient to exceed projected increases in global demand.

Oil refinery output fell by about the same rate.

Oil has been supported by the perception among investors that tensions in the Middle East could lead to supply disruptions, including renewed US sanctions against Iran, as well as falling output in crisis - hit Venezuela.

OPEC oil output has fallen in October from the previous month, a Reuters survey found on Friday, as declines in top producers Saudi Arabia and Iraq outweighed higher supply from African members.

«So he is discussing with some oil companies and looking for some innovative financing which might pick up some of the financing so that we reduce our financial output and contribution by the Federal Government, that will be a major saving which can be used to plug the gap particularly with falling oil prices.

IEA releases Oil Market Report for January As oversupply, mild temperatures and grim economic news check growth demand, non-OPEC output falls year - on - year for first time since 2012 19 January 2016

[From the LA Times:] Output at Mexico's most important oil field has fallen steeply this year, raising fears that wells there that generate 60 % of the country's petroleum are in the throes of a major decline.

But for better or worse, it is (see «Merrill: Non-OPEC production has likely peaked, oil output could fall by 30 million bpd by 2015» and «Normally staid International Energy Agency says oil will peak in 2020»).

U.S. oil output, which peaked at 9.6 million barrels a day in 1970, dropped to 5.4 million barrels a day in 2004 — a fall of 44 percent.