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Kuwait Crude Output Drops 60% as Oil Workers Strike Over Pay
2016-04-17 22:42:33| Oil & Gas - Topix.net
Kuwait's crude production tumbled by 60 percent and its refineries scaled back operations as the state oil company took emergency measures to cope with the first day of an open-ended labor strike. The OPEC member's production dropped to 1.1 million barrels a day, Saad Al-Azmi, deputy chief executive for finance and spokesman at Kuwait Oil Co., said in posts on Instagram and Twitter on Sunday when workers walked off the job.
OPEC's crude oil production increased in March, says survey
2016-04-12 01:00:00| Offshore Technology
Crude oil production of the Organisation of the Petroleum Exporting Countries (OPEC) has increased to 32.38 million barrels per day (Mbpd) in March, gaining 40,000bpd from February, according to a new Platts survey.
Tags: march
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Crude oil futures rise as U.S. drilling falls to 2009 lows
2016-04-11 04:15:23| Oil & Gas - Topix.net
SINGAPORE, April 11 Oil futures on Monday extended sharp rises from the end of last week following a decline in U.S. inventories and drilling, while outages and hopes that exporters could freeze output boosted international prices. U.S. West Texas Intermediate crude futures were trading at $40.17 per barrel at 0002 GMT, up 45 cents or 1.1 percent from their last close.
TransCanada shuts Keystone crude pipeline after oil spill in South Dakota, US
2016-04-05 01:00:00| Hydrocarbons Technology
TransCanada has closed its Keystone crude pipeline after detecting an oil spill in South Dakota, US.
US Lifted The Crude Oil Export Ban, And Exports Went Down
2016-03-30 10:56:08| Green Car Congress
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