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oil supply

oil supply   Clear all  
June 27, 2017   Reuters  |  United States  |  oil supply regulation
About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year.
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EnQuest has started oil production from the Kraken field in the North Sea, the latest addition to the ageing oil and gas basin that has enjoyed a revival despite a drop in crude prices.
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June 26, 2017   Reuters  |  United States  |  oil demand oil supply
A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets.
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June 26, 2017   Hellenic Shipping News  |  Iran  |  oil supply
Iran’s crude oil production has surpassed 3.8 million barrels per day (bpd), Oil Minister Bijan Zanganeh was quoted as saying on Saturday, adding that Tehran expects output to reach 4 million bpd by March 2018.
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June 26, 2017   Reuters  |  World  |  oil price oil demand oil supply
Investor bets against the oil price are piling up at breakneck speed, the market is still buckling under the weight of excess supply for a third year in a row, but has bearish sentiment got out of hand?
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June 23, 2017   Reuters  |  United States  |  oil supply natural gas supply
In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.
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June 23, 2017   Reuters  |  France  |  oil supply regulation
French energy minister Nicolas Hulot said on Friday the government planned to present a draft law this autumn that would stop granting licences for oil and gas exploitation in France and overseas territories.
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June 23, 2017   Platts  |  Nigeria OPEC  |  oil supply oil exports
Nigerian oil output has recovered to its highest level in more than a year as militant attacks have declined substantially, along with the return of key export grade Forcados.
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When OPEC leader Saudi Arabia pledged in May to do "whatever it takes" to defend world oil prices, it didn't expect the market to be testing its resolve just one month later.
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June 22, 2017   Reuters  |  United States  |  oil demand oil supply
The operator of the biggest U.S. fuel pipeline system said on Thursday demand to transport gasoline to the country's populous northeast is the weakest in six years, the latest symptom of a global oil market grappling with oversupply.
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June 22, 2017   Reuters  |  Norway  |  oil supply natural gas supply
A ban on Norway's Statoil using a pioneering drilling technology in the Barents Sea was lifted after a plaintiff failed to post security in a patent dispute, a lawyer said on Thursday.
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June 22, 2017   Reuters  |  Norway  |  oil supply natural gas supply
Norway's Gjoea oil and gas field will remain shut until the source of gas leak that forced operator Engie to halt production on Wednesday has been found, the French company said.
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June 22, 2017   Reuters  |  United States  |  oil supply regulation
Oil will continue to flow through the Dakota Access Pipeline through the summer while authorities conduct additional review of the environmental impact, after a judge on Wednesday ordered more hearings in coming months.
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June 21, 2017   Reuters  |  United States  |  oil supply natural gas supply
Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers.
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June 21, 2017   Reuters  |  OPEC  |  oil supply
OPEC members are considering further oil output cuts but should wait until the effect of the current reduced level of production is made clear, Iran said on Wednesday, hinting at possible further OPEC action after oil sank to a seven-month low.
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June 21, 2017   Reuters  |  United States  |  oil supply
Energy companies have shut roughly 17 percent, or 301,618 barrels per day, of U.S. Gulf of Mexico oil production ahead of Tropical Storm Cindy, the Bureau of Safety and Environmental Enforcement (BSEE) said on Wednesday.
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June 21, 2017   Reuters  |  World  |  oil supply natural gas supply regulation
Energy giants including Exxon Mobil and Royal Dutch Shell risk wasting more than a third of their budgets on projects that will not be needed if climate targets are to be met, a thinktank report shows.
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June 21, 2017   Reuters  |  Norway  |  oil supply natural gas supply
Norway offered a record number of blocks for oil and gas exploration in the Arctic Barents Sea on Wednesday, brushing off concerns about the risks of drilling in the remote, icy environment.
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June 20, 2017   Argus  |  United States  |  oil supply oil exports
US crude exports should exceed 2mn b/d by 2025 amid growing production of US light crude, consultancy Turner Mason said.
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June 20, 2017   Reuters  |  OPEC World  |  oil supply
OPEC and non-OPEC oil producers' compliance with a deal to cut global output has reached its highest in May since they agreed on the curbs last year, reaching 106 percent last month, a source familiar with the matter said on Tuesday.
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