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Tag: oil drops
US Crude Oil Production Drops in Largest Weekly Fall Ever: EIA
2021-02-24 20:05:00| OGI
Overall U.S. crude oil output fell by 1.1 million bbl/d to 9.7 million bbl/d in the week to Feb. 19, the EIA said, as Texas deep freeze forced most of the states operators and refiners to shut as components and pipelines froze.
Tags: fall
production
largest
oil
Oil Drops as US Election Uncertainty Dominates Markets
2020-11-05 15:23:31| OGI
Oil prices fell on Nov. 5 as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election, though doubts remain over further huge stimulus to bolster the economy in the face of the coronavirus crisis.
Tags: oil
markets
election
uncertainty
Zurich Insurance Drops Cover for Trans Mountain Oil Pipeline
2020-07-23 21:00:00| OGI
Trans Mountain said it has the insurance it needs for its existing operations, which ships oil to British Columbia from Canada's main oil-producing province of Alberta, and the "expansion project."
Tags: cover
insurance
oil
mountain
Texas Energy Regulator Drops Plan for Oil Production Cuts
2020-05-04 18:05:00| OGI
Texas regulators on May 5 are scheduled to consider cutting oil production, but Texas Railroad Commissioner Ryan Sitton said there are not enough votes to pass the measure.
Tags: plan
production
energy
texas
Brent Oil Futures Drops 25%, Near Two-decade Lows
2020-04-21 20:30:00| OGI
While that trade was anomalous, the steep decline in Brent and U.S. oil futures expiring in June showed the market remained worried that the overwhelming supply and weak demand will persist for weeks.