Sentences with phrase «said global oil supply»

On Thursday, the International Energy Agency (IEA) said global oil supply increased in February by 700,000 barrels per day (bpd) from a year ago to 97.9 million barrels per day.

Not exact matches

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, adding that re-introducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, noting that reintroducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

For example, McDonald's says it will eliminate food and products that lead to deforestation from its global supply chain, as well as use sustainably - grown beef, palm oil, fiber and coffee.

In March this year, the International Energy Agency (IEA) said that unless the industry approves fresh investments in new projects, global oil supply may be struggling to catch up with demand after 2020, which could result in a sharp jump in oil prices.

In its monthly oil market report, the IEA said global supply rose by 800,000 bpd in October to 97.8 million bpd, led by record OPEC output and rising production from non-OPEC members such as Russia, Brazil, Canada and Kazakhstan.

Global oil supply fell in August for the first time in four months, the IEA said, a result of a dip in OPEC's oil production, combined with refinery maintenance and sizable outages from Hurricane Harvey.

The looming supply growth is mostly due to two factors: the scheduled end of OPEC / non-OPEC production cuts in March and US shale production, including NGLs, «growing like crazy,» said New York - based Mike Wittner, managing director and global head of oil research at Societe Generale.

US crude oil production shattered a 47 - year output record in November, and then retreated slightly in December, the Energy Information Administration said on Wednesday, as oil production from shale continued to upend global supply patterns.

Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast, a joint OPEC and the non-OPEC committee said, Continue Reading

But overall, the IEA said Thursday, global oil supply in June rose by 720,000 barrels a day to 97.46 million a day, boosted by increased output from OPEC and non-OPEC producers such as the U.S.

The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from Continue Reading

Last week, Sechin was quoted as saying that the recent rise in oil prices was due to a weak dollar, instead of efforts by OPEC to combat the global crude supply glut.

A multilateral effort to ease global oil supply - side strains on the market hasn't worked as designed, a Kuwaiti official said Thursday.

More than a month after shocking the market by saying that Russia was ready to join OPEC's efforts to reduce global oil supply, Russian President Vladimir Putin said that his country was ready to freeze production at «today's level», injecting more optimism that OPEC and non-OPEC producers might really pull off a deal.

Kellogg said it will require all global palm oil suppliers to trace palm oil to independently verified plantations, and comply with the principles of the Roundtable on Sustainable Palm Oil (RSPO) by the end of 20oil suppliers to trace palm oil to independently verified plantations, and comply with the principles of the Roundtable on Sustainable Palm Oil (RSPO) by the end of 20oil to independently verified plantations, and comply with the principles of the Roundtable on Sustainable Palm Oil (RSPO) by the end of 20Oil (RSPO) by the end of 2015.

Someday, conceivably, these countries may participate in ensuring the security of global oil supply, the authors said.

[UPDATE] After visiting various research buildings, he gave a pep talk on the energy revolution he said was vital if the United States and the world are to avoid conflicts over limited supplies of oil and eventual disruptive impacts from human - caused global warming.

Still, Tillerson said issues such as global poverty were more pressing than climate change, and billions of people without access to energy would benefit from oil and gas supplies.

The European Biodiesel Board says that biodiesel reduces greenhouse gasses by 50 to 95 percent compared to conventional fuel, and has other advantages as well, like providing new income for farmers and energy security for Europe in the face of rising global oil prices and shrinking supply.

An elemental question begs to be corroborated in more than one way for sheer fairness: When the main pushers of the idea that the «reposition global warming» phrase insinuate it is proof of an industry - led disinformation effort employing crooked skeptic climate scientists — Naomi Oreskes saying it indicates a plot to supply «alternative facts,» Gelbspan saying it is a crime against humanity, and Al Gore implying it is a cynical oil company effort — are they truly oblivious to the necessity of corroborating whether or not that phrase and the memo subset it came from actually had widespread corrupting influence, or did they push this «evidence» with malice knowing it was worthless?

The State Department failed to account for the potential emissions from the increase in the global supply of oil, said study co-author Peter Erickson, a...

This uncertainty, coupled with a glut of oil supply in global markets, has kept energy industry - dependent office markets such as Houston on the sidelines during the current surge in nationwide office fundamentals, Rutherford says.