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US Oil Producers Eye Long Road to Recovery Following Texas Winter Storm

2021-02-22 20:25:00| OGI

The winter storm that gripped Texas and much of the country over the past week forced the biggest ever weather-related shutdown in the Permian Basin, cutting 2 million to 4 million bbl/d from nationwide oil output.

Tags: long road winter texas

 

Schlumberger Echoes Rivals Oil Recovery Predictions after Results Beat

2021-01-22 15:40:48| OGI

Schlumberger NV on Jan. 22 joined rivals in predicting a steady recovery in the oil industry this year after the worl's top oilfield services providers fourth-quarter results beat estimates, aided partly by growing drilling demand.

Tags: results oil recovery beat

 
 

Pioneer CEO Scott Sheffield Sees Oil Demand Recovery to Pre-pandemic Levels by 2022

2020-12-01 19:10:00| OGI

Pioneer Natural Resources is putting drilling rigs back to work in the Permian Basin oil field, but plans for oil production growth of zero to 5% while demand recovers, CEO Scott Sheffield says.

Tags: levels oil demand scott

 

OPEC Expects Coronavirus to Curb Oil Demand Recovery into 2021

2020-11-11 16:44:12| OGI

Ongoing pandemic will make it more difficult for the cartel to support the market.

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Column: Coronavirus Surge Throws Oil Recovery into Reverse

2020-11-05 16:23:11| OGI

OPEC+ may need to cut production more to avert another economic slowdown.

Tags: oil recovery column reverse

 

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