Sentences with phrase «take crude oil production»

Those production cuts, aided by the rolling disaster in Venezuela that continues to take crude oil production off the world market, have, according to the IEA, brought down the world's crude oil stocks within shouting distance of OPEC's goal: the five - year average of those stocks.

Not exact matches

For the longest time, OPEC and Russia have been pulling out all the stops to limit the production of crude oil in the East, while shale producers in the West have only been taking advantage of these efforts to ramp up their own output.

A special feature in this year's Index of U.S. Energy Security Risk is a look at trends in security of world oil production that take into account the reliability and diversity of crude oil supplies over time.

What: Just when investors thought it was safe to go back into the waters of the oil market, building inventories of refined product and crude sent oil prices plunging today and taking exploration and production stocks with them.

In a report, financial group Raymond James noted the true effects of the disruption in Canadian production wouldn't truly be felt in the crude oil market for weeks, because of the time it takes crude oil to travel through pipelines and into the U.S.

I start (and started) from the premise that the dramatic decline in crude oil prices that took place from August, 2014 ($ 96 / barrel), to March, 2015 ($ 44 / barrel), was due — on the one hand — to decreased demand, a function of slow economic growth in Asia, Europe, and elsewhere, endogenous, price - driven technological change leading to greater fuel efficiency, and policy - driven technological change that also has been leading to greater fuel efficiency, such as more stringent Corporate Average Fuel Economy (CAFE) standards in the United States; and — on the other hand — was due to increased supply, partly a function of the growth of unconventional (tight) U.S. oil production (a product of the combination of two technologies — horizontal drilling and hydraulic fracturing).

«The CO2 numbers [in the oil sands] sound frightening when only the production and refining are taken into account... Yet once the oil is burned, a variety of sources say the total lifecycle impact of oil sands relative to the average crude used in the U.S. is much smaller, including the Council on Foreign Relations (17 percent higher emissions) and Cambridge Energy Research Associates (5 - 15 percent).»

Thanks to advanced technologies, entrepreneurial risk - taking and abundant oil and natural gas reserves, U.S. energy is on the rise: We're the world's No. 1 producer of natural gas and likely to be No. 1 in crude oil production next year, according to the International Energy Agency.

Over all, the oil and gas sector will see its emissions rise by 46 megatonnes, after taking into account expected reductions from pipelines, refining and the production of non-oil-sands crudes.