Oil companies' output fails to gush

Article Abstract:

Production of oil is actually decreasing among the major oil companies even as OPEC's refusal to dramatically increase production leaves prices and demand high.

author: Herrick, Thaddeus
Production data, Crude Petroleum, Brief Article

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Iraq needs new fields to restore oil output to its prewar levels

Article Abstract:

New oil fields will be needed to restore Iraq's oil production to pre-2003 Iraq war levels. The country's oil facilities have been hit by sabotage and lotting since the end of the U.S. invasion of the country.

author: Johnson, Keith
Production management, Iraq, Natural gas, Gas industry, Natural resources

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Storm's damage to energy plants appears limited

Article Abstract:

Petroleum and gas industry damage due to Hurricane Rita in the Gulf of Mexico appears to be limited and not expected to blow into a longterm economic burden. Oil and gas prices could increase, gasoline to $3 a gallon. Insured damage claims due to the hurricane appear to be $2.5 billion to $6 billion.

author: Herrick, Thaddeus, Levine, Steve, Gold, Russell
Financial management, Commodity & service prices, Petroleum refining, Gulf of Mexico, Economic aspects, Finance, Prices and rates, Company financing, Company pricing policy, Storm damage, Hurricane Rita, 2005

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subjects list: United States, Production management, Petroleum industry, Petroleum
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