Home › How Much Global Oil Output Halted Due to Low Prices? Just 0.1 Percent
 

Keywords :   


How Much Global Oil Output Halted Due to Low Prices? Just 0.1 Percent

2016-02-05 18:09:01| Oil & Gas - Topix.net

After a year of low oil prices, only 0.1 percent of global production has been curtailed because it's unprofitable, according to a report from consultants Wood Mackenzie Ltd. that highlights the industry's resilience. The analysis, published ahead of an annual oil-industry gathering in London next week, suggests that oil prices will need to drop even more - or stay low for a lot longer - to meaningfully reduce global production.

Tags: due low global prices

Category:Energy and Environment

Latest from this category

All news
05.11Integrated Water Services, Inc. Acquires Hi-Line Industries to Strengthen Turnkey Solutions
05.11ArcticRx Cold Chain Breakthrough Prevents Pharmaceutical and Food Loss
05.11Waste Pro Awards $30,000 to Athens Employees Celebrating 20 Years of Service
05.11Alterra, Neste and Technip Energies Partner to Advance Chemical Recycling
04.11Casella Waste Systems Advocates for Composting at Pumpkin Smashing Event
04.11Sydney, Australia Landfill Facing Capacity, Officials Stress for New Solutions
04.11WM Receives Approval from Canada for Stericycle Acquisition
04.11Western Australian State Government Awards Grant to Livium for EV Battery Recycling Plant
Energy and Environment »
06.11Hurricane Rafael Update Statement
06.11Summary for Hurricane Rafael (AT3/AL182024)
06.11Warning millions will struggle to pay water bill rises
06.11Atlantic Tropical Weather Outlook
06.11Tropical Storm Rafael Graphics
06.11Tropical Storm Rafael Public Advisory Number 9A
06.11Summary for Tropical Storm Rafael (AT3/AL182024)
06.11Eastern North Pacific Tropical Weather Outlook
More »