oil production

Ida’s Economic Toll Seen as Relatively Modest
The Economy

Ida’s Economic Toll Seen as Relatively Modest

Analysts estimate insurance industry losses from the hurricane will hit around $10 billion, one-tenth of the toll of Katrina.
By Matthew Heller | August 31, 2021
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IEA Raises Oil Demand Forecast for 2020
The Economy

IEA Raises Oil Demand Forecast for 2020

The organization also warned that the recent surge in COVID-19 cases could threaten the market's recovery.
By Matthew Heller | July 10, 2020
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Iran Deal Concerns Push Oil Prices Above $70
The Economy

Iran Deal Concerns Push Oil Prices Above $70

“It is mostly a fundamentals-driven market, but the icing on the cake is the worry about Iran."
By Matthew Heller | May 7, 2018
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Exxon Shares Drop 3.7% on Another Profit Miss
Financial Performance

Exxon Shares Drop 3.7% on Another Profit Miss

In the first quarter, the benefits of higher oil prices were offset by weakness in Exxon's chemicals and refining businesses.
By Matthew Heller | April 27, 2018
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U.S. Oil Production to Hit New Record in 2018
The Economy

U.S. Oil Production to Hit New Record in 2018

With the shale boom continuing, the IEA says the U.S. will overtake Saudi Arabia as the world's No. 2 producer.
By Matthew Heller | January 19, 2018
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IEA Walks Back Forecast of End to Oil Glut
The Economy

IEA Walks Back Forecast of End to Oil Glut

After predicting last month the market would return to balance, the agency now says that forecast may have been premature.
By Matthew Heller | September 13, 2016
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U.S. Oil Output To Decline in 2016, OPEC Says
The Economy

U.S. Oil Output To Decline in 2016, OPEC Says

OPEC appears to have calculated correctly that increasing its production in response to falling oil prices would force out high-cost U.S. producers.
By Katie Kuehner-Hebert | October 12, 2015
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U.S. Oil Output Lower Than Previous Estimate
The Economy

U.S. Oil Output Lower Than Previous Estimate

New data from the Energy Information Administration confirm production has taken a hit from the slide in oil prices.
By Katie Kuehner-Hebert | August 31, 2015
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