Remove Future Remove Maintenance Remove Niger Remove Supplies
article thumbnail

Oil Prices Running Out Of Reasons To Rally

Green Car Congress

The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. It’s a good time to do maintenance on oil fields during production cuts,” Al-Fezaia said, noting that Kuwait will lower output from 2.89 The pace and magnitude of each trend will ultimately drive oil prices one way or the other.

article thumbnail

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is β€œ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. Its drive to increase overall gas production will also be based on a two-fold approach.

Oil 186