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OPEC Oil Output Falls in February on Saudi Additional Cut

2021-03-01 14:50:04| OGI

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found on March 1, ending a run of seven consecutive monthly increases.

Tags: february additional cut oil

 

Mexican President Says Pemex Support Should Aid Exploration, Output

2021-02-26 15:12:51| OGI

Alongside a recently announced tax break, Lopez Obrador said Pemex would get support of around 100 billion pesos ($4.80 billion).

Tags: support president output aid

 
 

Pioneer Says Output Dip Wont Derail Variable Dividend Plans

2021-02-24 20:00:00| OGI

Most Pioneer Natural Resources production in the Permian Basin is back online and storm damage repairs are minor in the grand scheme of things, CFO Neal Shah said.

Tags: plans output variable pioneer

 

Occidental Petroleum Expects Winter Storm Impact on Permian Output to be Short-lived

2021-02-23 21:25:00| OGI

Occidental Petroleum does not anticipate growing global production at least this year, says CEO Vicki Hollub, adding that the company will not increase capital spending even if oil prices improve further.

Tags: impact winter output storm

 

Oil Prices Jump More Than $1 as US Output Slow to Restart

2021-02-23 11:20:00| OGI

Morgan Stanley expects Brent crude prices to climb to $70/bbl in the third quarter on signs of a much improved market including prospects of a pick-up in demand.

Tags: to jump prices oil

 

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