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 17:57:39| Energy - 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
26.06Michigan Sets Record Recycling Rate in 2023, Recycles Nearly 70,000 Tons of Materials
26.06Companies Seek Federal EPR: How Producers Can Prepare
26.06Q&A with GFLs Tyler Stefure: Integrating New Fleet Tech & Upholding GFL Values
26.06SWANA Publishes Report on the Performance of Seattles Zero Waste System
26.06Baltimore Sues Major Brands for Alleged Role in Plastic Pollution Crisis
26.06Petco Aims Sight at Large-Scale Recycling Program to Divert LDPE Plastic from Landfills
25.06Thermo Fisher on Carbon Storage and Carbon Capture
25.06Orange County Sanitation District Elects Ryan Gallagher and Jon Dumitru as Chairman and Vice-Chairman
Energy and Environment »
26.06Atlantic Tropical Weather Outlook
26.06Eastern North Pacific Tropical Weather Outlook
26.06XREAL bring Play Store apps to 3D space on XREAL AR glasses
26.06Qwilt reveals live streaming survey results
26.06Rockline Industries Wins WOW Innovation Award
26.06IMS Technologies Expands Calcinate Production Site
26.06Horizon expert 'gave evidence based on informal chats'
26.06Automotive Color by BASF Recognized with Renowned Red Dot Award
More »