U.S. Oil Output Set to Decline as OPEC Deal Up in Air, EIA Says

U.S. Oil Output Set to Decline as OPEC Deal Up in Air, EIA Says

November 3, 2016
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By hellenicshippingnews U.S. crude production is set to decline this year as the Organization of Petroleum Exporting Countries struggles to put a dent in global oversupply, according to the head of the U.S. Energy Information Administration. Output in the U.S. will fall 800,000 barrels a day this year, Adam Sieminski, administrator for the EIA, said in an … Read full story ›

Source:: Hellenic shipping news Oil