Posts

US oil output will overtake OPEC’s by 2024, thanks to fracking

In the report, OPEC said that 60% of the production growth is expected to come from the US, predominately from Alaska and the Gulf of Mexico, in the form of shale. “Non-OPEC supply prospects have …

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Extreme weather to blame as France’s wine output set to fall by 12% – The Guardian

Extreme weather to blame as France’s wine output set to fall by 12%  The Guardian

France’s wine output is expected to fall 12% this year, after spring frosts followed by summer heatwaves took a heavy toll on vineyards across the country.

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Indonesian planters see drought hitting palm oil output

KUALA LUMPUR/JAKARTA (Reuters) – Leading palm oil players in Indonesia see production growth being hit in the short to medium term, as the world’s top grower of the edible oil faces drought across …

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Iran closes oil wells in flood-hit Khuzestan province, output drops

“There are no oil leaks at the Hoor al-Azim wetland area. We have closed 10 to 12 oil wells there as a precautionary measure to prevent any environmental damages,” Mehr quoted Touraj Dehghani, the …

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Indonesia Palm Oil output seen down 7.7% in January: survey

Indonesia’s palm oil production likely eased in January from a month earlier, in line with the vegetable oil’s production cycle, while exports were expected to have picked up slightly, according to a …

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New Mexico oil producers brace for tighter regulation as output jumps

The incoming administration also has pledged to crack down on methane, a potent greenhouse gas that is often flared during oil production or can leak into the atmosphere from faulty equipment. “They c…

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Palm oil analysts see price rise as China demand shifts; output growth eases

Palm oil prices are expected to improve next year, top industry analysts said, as production growth will ease and China shifts some of its vegetable oil demand to palm due to its trade dispute with th…

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As pipeline shortage slows Permian output, sand miners take hit

However, the demand for sand is weakening as companies delay fracking operations until more pipeline capacity is built to bring their oil and gas to Gulf Coast markets. With pipeline projects unlikely …

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Malaysian palm oil price declines for 3rd day on forecasts for higher output

KUALA LUMPUR: Malaysian palm oil futures charted a third consecutive session of losses on Friday evening, tracking weaker edible oils and on expectation that production will rise in the coming weeks, …

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Indonesia’s palm oil output, exports down in June – Reuters survey

Exports and output of palm oil from Indonesia, the world’s top producer of the vegetable oil, fell in June from a month earlier, according to the median results of a Reuters survey of two industry gro…

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