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Tag: production

Oil News: OPEC Is Cutting Its Production in a Bid to Boost Oil Prices

2019-12-07 12:39:00| Fool.com Headlines

The news sent oil prices in the U.S. up toward $60 a barrel, which is great news for these four low-cost producers.

Tags to news prices production

Opec to slash oil production to help prop up prices

2019-12-06 17:17:13| Guardian Unlimited Business - more business news

Cartel will axe further 500,000 barrels a day to prevent supply glut as global economy faltersOpec and its allies have agreed to cut an extra 500,000 barrels of oil a day from the global market next year to help prop up prices amid fears of an economic slowdown.The alliance decided at a meeting in Vienna to deepen its production cuts after reining in output for three years to prevent an oversupply of crude from dragging down prices. Continue reading...

Tags up prices production oil

Nigeria: Deep Offshore And Inland Basin Production Sharing Contracts (Amendment) Act 2019: Overview - TNP

2019-12-06 11:37:42| Mondaq.Com

The President of the Federal Republic of Nigeria, Muhammadu Buhari, on 4th November 2019, signed the Deep Offshore and Inland Basin Production Sharing Contracts Bill into law.

Tags production act overview deep

OPEC and Russia Agree to Cuts in Oil Production to Push Up Prices

2019-12-05 22:56:58| Business - International Herald Tribune

It remains to be seen whether the reduction in output will have an impact on prices amid a worldwide glut and cheating on agreements.

Tags up prices production agree

Opec considering huge oil production cuts to avoid market slump

2019-12-05 16:18:17| Guardian Unlimited Business - more business news

Cartel may cut up to 800,000 barrels a day from market as global economy faltersThe Opec oil cartel is considering deeper cuts to production next year to avert a price slump in the market as the global economy falters.Ministers from some of the worlds biggest petro-nations are expected to cut an extra 400,000 barrels of oil a day from the global market, and may consider even deeper cuts of up to 800,0000 barrels, according to reports. Continue reading...

Tags market production huge avoid


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