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Examples
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Morse said there are about 4.5 million barrels a day in spare oil-production capacity worldwide, including 3.5 million barrels a day in Saudi Arabia.
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It's good news for oil consumers that some key members of the Organization of Petroleum Exporting Countries appear to have flipped their position over the weekend and are now advocating that the group increase its oil-production ceiling.
Symbol Over Substance at OPEC James Herron 2011
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HONG KONG— China Petroleum & Chemical Corp. said its first-half net profit rose 12% on a stronger contribution from its oil-production business, although the refining business turned in an operating loss on rising fuel costs.
Sinopec Output Boosts Profit Yvonne Lee 2011
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Morse said there are about 4.5 million barrels a day in spare oil-production capacity worldwide, including 3.5 million barrels a day in Saudi Arabia.
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The IEA said damage to oil-production infrastructure during the Libyan conflict appears to have been comparatively light and the National Transitional Council has already sent technical teams out to restart some of the most important fields.
IEA Cuts Oil-Demand Forecast James Herron 2011
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Sinopec said first-half profit rose 12% on stronger contributions from its oil-production business, although its refining business turned in an operating loss on rising fuel costs.
What's News 2011
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China Petrochemical's partner in its only oil-production venture in Australia said it appointed administrators, a move that underscores how some of China's earliest investments in the resource-rich country have struggled to meet expectations.
What's News— 2011
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Joel Kotkin fails to mention that while the 11.5% oil-production tax is generating a huge surplus, it is also the highest in the nation.
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But in the crude markets, for example, oil-production losses due to unrest in Libya and other areas are expected to persist.
After the Relief Rally, Markets Return to Fed, Earnings Stephen L. Bernard 2011
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It's good news for oil consumers that some key members of the Organization of Petroleum Exporting Countries appear to have flipped their position over the weekend and are now advocating that the group increase its oil-production ceiling.
Symbol Over Substance at OPEC James Herron 2011
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