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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.

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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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