Tag: output

OPEC+ considering oil output cut decision at next week’s meeting

(Bloomberg) — OPEC+ has begun discussions about lowering oil output when it meets next week, as a fragile global economy continues to weigh on crude prices. ...

Young shale CEOs eye output boost in oil patch struggling to grow

(Bloomberg) — Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources...

U.S. oil output set for record 2023 despite slowing growth

(Bloomberg) — U.S. oil production remains on track for a record 2023 even as output grows more slowly than anticipated amid surging costs and labor shortages in America’s shale fields. ...

Shale drillers continue consistent output as oil field costs rise

(Bloomberg) — U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it's not just their focus on rewarding shareholders that's holding them...

OPEC+ answers Biden’s request for oil with ‘minuscule’ output hike

(Bloomberg) — OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history.  ...

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