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OPEC: "All eyes" on U.S. oil production

Mon Sep 14 05:08:52 EDT 2015 | UPI
VIENNA, Sept. 14 (UPI) -- The global crude oil market is keeping an eye on how quickly U.S. oil production falls during an era of lower prices, OPEC said in its latest market report. The Organization of Petroleum Exporting Countries said it expected production from non-member states to grow by about 160,000 barrels per day next year, a downward revision of about 110,000 bpd from the previous report. The global market is skewed toward the supply side as weak European and Asian economic growth is ..

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VIENNA, Sept. 14 (UPI) -- The global crude oil market is keeping an eye on how quickly U.S. oil production falls during an era of lower prices, OPEC said in its latest market repor..
WASHINGTON, Sept. 10 (UPI) -- Seasonal factors offshore and weak economics onshore are expected to lead to a decline in U.S. crude oil production, a federal report said. The U.S. E..
U.S. oil production will continue to slip in 2015 as lower crude prices punish shale drillers, OPEC projected. The oil cartel said Monday it lowered expectations for non-OPEC oil s..
LONDON –  OPEC has cut its oil production forecasts for states like the U.S. that are not members of the cartel. The group said Monday it had lowered its forecast for daily oi..
WASHINGTON, Sept. 11 (UPI) -- Companies contributing most to U.S. onshore oil production are expected to cut capital spending as the weak oil market endures, a federal energy repor..
(Adds analyst comment, crude futures prices) NEW YORK, Sept 16 (Reuters) - U.S. crude stocks fell last week, with inventories at the Cushing delivery hub declining the most in more..
In this April 24, 2015, photo, pumpjacks work in a field near Lovington, N.M. Oil supply from the United States, Russia and other countries outside of OPEC is expected to drop shar..
BISMARCK, N.D. (AP) — North Dakota drillers are still producing oil at a near-record pace despite depressed crude prices. The Department of Mineral Resources says the state produce..
Presumably, low oil prices have cut incentives for production. The IEA’s experts say this will chop production to a two decade low. However, OPEC is expected to keep its status quo..
Investing.com - West Texas Intermediate oil futures turned higher after hitting a one-week low on Thursday, as market participants looked ahead to fresh weekly information on U.S. ..
NEW YORK, Sept 10 U.S. crude stocks rose last week as refinery runs and imports fell, while gasoline and distillate inventories increased, data from the Energy Information Administ..
(Updates with analyst comments, crude futures prices) NEW YORK, Sept 10 (Reuters) - U.S. crude stocks rose last week as refinery runs and imports fell, while gasoline and distillat..
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other good..
The Organization of Petroleum Exporting Countries (OPEC) released its September Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth by..
OPEC appears to be winning the war against U.S. shale-oil producers, as low oil prices make higher cost operations unprofitable amid rising oil output. In its closely watched month..
U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that compli..
* Cuts 2015, 2016 non-OPEC oil supply forecasts * China to contribute to slower 2016 demand growth * Points to smaller supply glut in 2016 (Adds Breakingviews link) By Alex Lawler ..
NEW YORK, Sept. 11 (UPI) -- Crude oil prices took a beating early Friday after an expected decline in market trajectory offset concerns over expected declines in non-OPEC supplies...
In this Aug. 21, 2015 photo, Boston University student Ashley Babula, left, shops for back-to-school items with her mother, Mary, at the CityTarget store in Boston. The Labor Depar..
In this Aug. 21, 2015 photo, Boston University student Ashley Babula, left, shops for back-to-school items with her mother, Mary, at the CityTarget store in Boston. The Labor Depar..
LONDON (AP) — OPEC has cut its oil production forecasts for states like the U.S. that are not members of the cartel. The group said Monday it had lowered its forecast for daily oil..
By Ernest Scheyder WILLISTON, N.D. (Reuters) - Some U.S. oil producers are trying to sell parts of their lucrative saltwater disposal businesses in a sign that cheap crude is alrea..
BEIJING (Reuters) - China's factory output rose 6.1 percent in August from a year earlier, the National Bureau of Statistics said on Sunday, missing market expectations, while reta..
Tumbling oil prices may take a big bite out of American crude, signalling still more tough times ahead for petroleum workers. Oil supplies in the U.S., Russia and other non-OPEC co..
Investing.com - West Texas Intermediate oil futures trimmed gains on Thursday, after data showed that oil supplies in the U.S. rose more than expected last week, underlining concer..
U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that compli..
PARIS (AP) — Oil supply from the United States, Russia and other non-OPEC countries is expected to drop sharply next year — possibly the steepest decline since the Soviet Union col..
Oil and gas companies led the stock market lower on Friday as the price of oil took another fall. U.S. crude sank 3 percent after Goldman Sachs said that the global glut of oil cou..
By MATTHEW CRAFT, AP Business Writer NEW YORK (AP) — Major stock indexes flipped between slight losses and gains on Friday as traders turned their attention to a long-awaited meeti..
WASHINGTON, Sept. 15 (UPI) -- As the full House Energy and Commerce Committee considers lifting a ban on U.S. crude oil exports, a congressman said it's time policies match the sha..
WASHINGTON –  U.S. consumer prices edged down in August, marking the first decline in seven months and fueled by a big drop in gasoline prices. The Labor Department says its c..
(John Kemp is a Reuters market analyst. The views expressed are his own) By John Kemp LONDON, Sept 16 (Reuters) - U.S. crude oil production is falling sharply, helping put a floor ..
Flickr / Ray Bodden Oil prices have been on a roller-coaster ride over the past year. West Texas Intermediate (WTI) oil tumbled late in 2014 from over $100 (£64.78) a barrel to jus..
New EIA data once again points to a deeper contraction than previously expected. The revelation was initially revealed in late August, when the EIA reported that the United States ..
PARIS — Oil supplies from the United States, Russia and other non-OPEC countries are expected to drop sharply next year — possibly the steepest decline since the Soviet Union colla..