outages


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August non-OPEC unplanned oil production outages fell to lowest level since at least 2011

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 4 months agoLink > Productionsupplyoutages +4

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 4 months agoLink > pricesInternationalGasoline +6

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

The risk assessment comes as the British warship HMS Montrose had to escort the BP oil tanker British Heritage out of the Persian Gulf into the Indian Ocean from being blocked by Iranian vessels. While a risk premium has already been applied to current oil prices, some analysts are suggesting tha ...

Hui Shan


Posted 6 months agoLink > Productionsupplyoutages +5