Wednesday, 19 January 2022

Tag Archives: crude production

OPEC seeks crude quota compliance

VIENNA: OPEC countries were to meet again here after they failed to agree on output cuts that could stem price pressure from abundant reserves and weak global economic growth. Saudi and Venezuelan oil ministers voiced confidence that the 14-member Organization of the Petroleum Exporting Countries would strike deals on an ...

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Oil prices slip as U.S. crude output nears 12 million bpd

SINGAPORE: Oil prices fell as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.92 per barrel at 0752 GMT, down 39 cents, or 0.8 percent, from their last settlement. ...

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