Sentences with phrase «reach a production cut»

Not exact matches

Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $ 65 a barrel in the near term.

Prices started falling in late June 2014 from $ 115 per barrel (Brent) and reached a low in late January 2015 of $ 47 per barrel after OPEC decided not to cut production at its November 2014 meeting.

Related: Oil Prices Spike As OPEC Reaches Deal On Production Cut

After the Organization of the Petroleum Exporting Countries (OPEC)-- excluding Nigeria and Libya — and 11 non-OPEC nations arrived at a deal to cut oil production by 1.8 million barrels per day (bpd), traders expected oil to at least reach $ 60 per barrel levels.

Known as NDtech, the cutting - edge technology greatly enhances Amorim's quality control measures by screening individual cork stoppers on the production line to eliminate the risk of corks contaminated with 2,4,6 - trichloroanisole (TCA) reaching winemakers.

With am ambitious production goal to reach 50,000 units annually by 2015, small Italian luxury brand Maserati has its work cut out.

The Nymex crude oil market shot sharply higher and gained 10 % in value in one day Wednesday, following an OPEC meeting that saw a crude oil - production - cut agreement reached.

Production cost reductions in coal mining reached their limits in 2015, and since prices have moved higher, the urgency to cut costs has decreased.