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The 5 Countries That Could Push Oil Prices Up

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But damage to some export terminals likely means that near-term production has a ceiling at about 1.25 The country is nearing its ceiling for production, while there's plenty of room for it to fall back. But Libya’s restoration of output coincided with a similar reduction in violence in the Niger Delta. mb/d currently.

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

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The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. The Saudi situation is not different from its neighbors.

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Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. Saudi Arabia said last week that it is lowering its production in January by 486,000 barrels per day, a volume that it promised to cut as part of the November deal. by Nick Cunningham of Oilprice.com.