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Posts related to ‘crude oil production’

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Why Gasoline Prices Just Cannot Rise from Here

Posted: May 1, 2013 at 12:15 pm

Today’s report on U.S. crude oil and gasoline inventories underscores a story we have been trying to tell for several weeks now: crude oil and gasoline prices have nowhere to ...
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Weatherford Scores Iraqi Contract (WFT, SLB, E, OXY)

Posted: June 19, 2012 at 1:01 pm

Oil field services company Weatherford International Ltd. (NYSE: WFT) has won a contract worth $843 million to build six crude oil production facilities at Iraq’s Zubair field in the south ...
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OPEC Crude Output at Three-year High

Posted: May 29, 2012 at 10:48 am

The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about ...
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Saudis Reclaim Top Ranking for Oil Production, US Number 3

Posted: May 21, 2012 at 7:31 am

For the past six years, the country that has produced the most oil (and liquids) has been Russia. Saudi Arabia has been second, until this past March according to data ...
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OPEC March Crude Production Highest Since 2008

Posted: March 30, 2012 at 10:03 am

The 12 members of the Organization of Petroleum Exporting Countries (OPEC) produce an average of 31.26 million barrels/day of crude oil in March according to a survey of analyst, industry ...
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Apache Garners a Bargain in the North Sea (APA, XOM, APC, CVX, COP, OXY, DVN, BP)

Posted: September 21, 2011 at 11:46 am

Independent oil and gas producer Apache Corp. (NYSE: APA) has agreed to purchase the North Sea assets of a subsidiary of Exxon Mobil Corp. (NYSE: XOM) for $1.75 billion. The ...
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Exxon Outlines Expansion to 2015 (XOM, CVX, COP)

Posted: March 9, 2011 at 12:11 pm

At a presentation to analysts today, Exxon Mobil Corp. (NYSE: XOM) said it plans to invest about $34 billion in "high-quality" projects in 2011, and that spending through 2015 would ...
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North African Turmoil Could Push Oil to $220/Barrel (NMR)

Posted: February 23, 2011 at 12:43 pm

Not even a promise from Saudi Arabia's oil minister to make up any production shortage caused by the unrest in Libya and Algeria is enough to hold down the rise ...
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