Because of those strong well results, the company boosted its full -
year production outlook by 13 %.
Not exact matches
The IEA's report suggests that U.S. crude
production could exceed 10 million barrels a day this
year, raising its
outlook by 260,000 barrels a day.
Latest economic data from China show both industrial
production and retail sales grew by less than expected at the start of the
year, pointing to an uncertain
outlook.
Devon Energy's (NYSE: DVN) optimistic
production outlook, raising its full -
year guidance to 536M - 560M boe / day to reflect 16 % Y / Y growth, is good news...
A humdrum, fifty - dollar - a-barrel price
outlook for next
year is part of a recipe to stifle investment, mute
production growth and burn off inventories.
Beyond the reasonably favourable
outlook for the next few
years, growth in productive capacity and exports in the resources sector over the longer term will depend on future mineral discoveries (though existing reserves could support
production and exports of some commodities, such as coal, for a considerable time).
The U.S. Energy Information Administration's monthly short - term energy
outlook, the first to include predictions for 2019, projected that coal
production will decline from 773 million short tons last
year to 759 million in 2018 and 741 million in 2019.
The value of farm
production is expected to fall 5 per cent this financial
year, with farmer incomes expected to drop while remaining high in historical terms, commodity forecaster ABARES says in its
outlook released today.
He said that his
outlook for the
year for the sector was to «have a robust relation with investors to increase
production of crude to 2.5 million bpd and then to 3 million bpd».
Searchinger's
outlook is bleaker: He estimates that the rise in corn - based ethanol
production in the United States would increase greenhouse gases, relative to what our current, fossil - fuel - based economy produces, for 167
years.
The
production downtime is tipped to affect Q2 profits at Ford, but the company hasn't changed its
outlook for the
year.