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Tag: oil recovery
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.
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.
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.
Tags: oil
demand
recovery
expects
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
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