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US Crude Oil Production to Fall Less Than Previously Expected in 2020

2020-09-10 11:10:00| OGI

A swifter rebound in oil production could create another supply glut. Lately, oil futures have slipped to near three-month lows due to oversupply fears.

Tags: fall production expected previously

 

Early Data Indicates Strong Month of US Crude Buying by China

2020-09-09 21:45:00| OGI

Tentative U.S. crude cargo departures towards China currently sits at 840,000 bbl/d for the month, the second highest volume on record, according to data intelligence firm Kpler.

Tags: data month china early

 
 

US Crude Stocks Drop Sharply after Record Fall in Production Amid Hurricane

2020-09-02 18:35:00| OGI

Crude oil inventories fell by 9.4 million barrels in week to Aug. 28 to 498.4 million barrels, according to EIA data, compared with analysts' expectations in a Reuters poll for a 1.9 million-barrel drop.

Tags: record fall production drop

 

Saudi Arabia Slips to No. 3 in China Crude Supply for July

2020-08-25 15:42:22| OGI

US imports rose 139% year-on-year.

Tags: july china supply arabia

 

Exxon Mobil Limits Guyana Crude Output due to More Gas Injection Issues

2020-08-21 23:17:57| OGI

The company had initially planned to ramp up output for this first phase of the Liza project to its full capacity of 120,000 bbl/d in August.

Tags: due issues gas output

 

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