Tag Archives: Reuters International News Agency

While OPEC considers withholding supply. U.S. crude oil production reached another record last week.

OPEC last sought to drive out shale producers by flooding the market with oil in 2014.

The flows resumed on Friday at a modest level of around 50.000-60.000 barrels per day.

Natural gas is the fastest growing fossil fuel in the New Policies Scenario.

This is the first U.S. LNG cargo to be shipped to China since Sept. 10.

U.S. lawmakers have been discussing extending sanctions on Russia to energy and oil projects.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

OPEC and Russia may use cuts to support $70 per barrel.

OPEC member Venezuela last year produced more than 2 million bpd.

China was given a waiver to import around 360.000 bpd from Iran during the exemption period.