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PetroChinas Gulong Shale Project May Bolster China's Oil Output

2021-09-30 15:33:11| OGI

PetroChina will be spending billions of dollars to accelerate drilling of rare shale formations in northeast China that could be pivotal to sustaining oil output in the world's largest consumer.

Tags: project oil output bolster

 

OPEC+ to Stick to November Output Plans, Despite $80 Oil

2021-09-29 15:37:59| OGI

Energy ministers from OPEC members said the group saw no need to take extraordinary measures to change the existing agreement.

Tags: november plans oil output

 
 

Oil Heads for Third Week of Gains as Output Stumbles

2021-09-24 15:30:48| OGI

Oil prices steadied on Sept. 24 near a two-month high above $77 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws.

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Little-known Producers to Drive Projected US Oil Output Recovery

2021-09-24 11:00:00| OGI

Little-known privately owned producers are set to lead the way on an expected 800,000 bbl/d increase in U.S. oil production next year.

Tags: drive oil output recovery

 

Hurricane Damage to Cut Shell Oil Output through Year-end

2021-09-20 19:25:00| OGI

Shell was the hardest-hit producer from Ida, which tore through the U.S. Gulf of Mexico last month and removed 27 million barrels overall from the market.

Tags: cut oil output damage

 

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