Tag Archives: Bloomberg News Agency

Production from OPEC’s 14 members dropped by 221.000 bpd to 30.55 MMbpd in February.

China passed on U.S. crude for much of the second half of last year amid a series of tit-for-tat tariff measures.

The formation of a new pipeline company would help reform the energy sector.

OPEC and its partners implemented a slightly different version of their supply-cut agreement in 2017-2018.

Downside risks include a slowdown in global economy which would dent global crude demand.

Crude shipments to the U.S. from OPEC and its partners fell to 1.41 MMbpd in January.

Oil has rebounded this year as OPEC’s production cuts have taken effect.

Saudi Arabia'.s voluntary limit under the December cuts deal with Russia and other producers was 10.33 million barrels a day.

Aramco’s planned acquisition of SABIC is expected to involve buying all or nearly all of the 70 percent stake in the chemicals company.

Big Oil will probably approve about 110 offshore projects this year.