Crude Output articles & resources on Made-in-China.com

US Stripper Wells May Be in Peril Below $35/B: Sources

Dec 16, 2015

Hundreds of thousands of US stripper wells with production totaling 1 million b/d of crude could be at risk if oil prices fall below $35/b, where prices teetered in recent days, for long, observers say. Stripper wells are wells nearing ...

Tags: crude, oil prices, wells

Retail Fuel Prices Will Be Lowered Slightly

Jul 8, 2015

Global woes drag crude prices, as demand continues to decline in China Retail fuel prices will be lowered slightly from Wednesday to better reflect the global fall in crude prices and the glut in the market, the nation's top economic ...

Tags: Gasoline Price, Crude Prices

Retail Prices of Gasoline Would Be Cut

Jun 10, 2015

The National Development and Reform Commission, the nation's top economic planner, said on Monday that retail prices of gasoline would be cut by 110 yuan ($17.78) a metric ton, or 0.08 yuan a liter from Tuesday, while diesel prices would ...

Tags: Oil, Oil Price, Gasoline

Chinese Oil Companies Prompted to Reduce Output

Jan 11, 2015

Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...

Tags: crude prices, Crude Oil

Indonesia to Revise Down Subsidized Fuel Consumption and Crude Production

Jun 23, 2014

The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...

Tags: fuel consumption, crude production

OPEC Would Need to Boost Its Output in Q3 by Some 900,000 B/D to Meet Rising Demand

May 19, 2014

The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...

Tags: OPEC, oil supply

Russian Gas Giant Gazprom Sent The First Cargo with Crude Produced at The Prirazlomnoye

Apr 22, 2014

Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field -- the country's only Arctic offshore hydrocarbon project -- to the international market, the company said Friday. "ARCO, or Arctic ...

Tags: Gazprom, crude, Arctic Oil

Sinopec Corp Posted Modest Gains in Its 2013 Upstream and Downstream Oil & Gas Production

Mar 27, 2014

State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...

Tags: Sinopec, Oil, Gas Output, Chemicals

Cold Winter Conditions Have Hampered Well-Completion Activity in The US

Mar 13, 2014

Cold winter conditions have hampered well-completion activity in the US, prompting the Energy Information Administration to revise downward its projections of US crude output for this year. The EIA, in its March Short-Term Energy Outlook, ...

Tags: Crude Output, US refiners, domestic production

Rosneft's Crude Production Will Amount to 55 Million Mt/Year

Mar 4, 2014

Rosneft estimates that crude production from its East Siberian and Russian Far Eastern projects will amount to 55 million mt/year, or 1.1 million b/d, by 2025, a spokesman at Rosneft said Friday. To achieve this, the company plans to ...

Tags: Rosneft, Crude Output

China CNPC's Net Equity Production From Overseas Oil &Gas Projects Totaled 59.2 Million Mt

Jan 21, 2014

State-owned China National Petroleum Corp said Friday that its total net equity production from its overseas oil and gas projects last year totaled 59.2 million mt of oil equivalent, translating into an average 1.19 million b/d of oil ...

Tags: oil equivalent, Mineral

WISCO Achieves an Estimated Net Profit of RMB 1.5 Billion ($245.9 Million)in 2013

Jan 7, 2014

On January 6, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) announced that in 2013 it produced an estimated 39.68 million mt of crude steel, while it achieved an estimated net profit of RMB 1.5 billion ...

Tags: steel, metallurgy

Platt Fell to 29.7 Million Barrels Per Day (B/D) in November

Dec 19, 2013

Platts – Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 29.7 million barrels per day (b/d) in November, the lowest volume since mid-2011 when the uprising in Libya significantly reduced the ...

Tags: Platts, OPEC, oil production, Platts survey of OPEC

OPEC Crude Production Continued Its Downward Trend in November

Dec 12, 2013

OPEC crude production continued its downward trend in November as a new series of output disruptions took hold in Libya and lower volumes from other member countries outpaced an increase of 192,000 b/d in Iraq, monthly estimates from the ...

Tags: Crude Output, Metallurgy

Chinese Oil Companies Are Becoming More Active in The International Crude Trading Market

Sep 29, 2013

Chinese oil companies are becoming more active in the international crude trading market, rather than just acquiring the fuel for domestic use. China's top oil refiner, Sinopec Group, has purchased crude from the Forties oil field, the ...

Tags: oil refiner, Sinopec

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