OPEC Sees U.S. Oil Output Dropping Next Year

OPEC Sees U.S. Oil Output Dropping Next Year

October 13, 2015
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By hellenicshippingnews U.S. oil output will decline in 2016 for the first time in eight years as producers slash spending, the Organization of the Petroleum Exporting Countries said, while the producer group continues pumping at high levels. In its closely watched monthly oil market report, OPEC slashed its U.S. oil production forecast by 280,000 barrels a day … Read full story ›

Source:: Hellenic shipping news Oil