International Energy Agency: Oil production in oil-producing countries other than OPEC is plummeting
- classification:2020
- Author:
- source:
- Time:2019-11-07
- Views:13
SummaryOn May 14th, Beijing time, the International Energy Agency (IEA) said in its latest monthly market report that global oil production outside the Organization of the Petroleum Exporting Countries (OPEC) fell faster than expected, with the US leading the decline.
The IEA said that crude oil production in non-OPEC oil-producing countries decreased by 1.1 million barrels / day in April from a year earlier. Crude oil production will decrease by 6.7 million barrels per day from March to June, reaching an unprecedented level. Most of the decline was mainly driven by the United States and Canada. Expected to fall further in May. The decline in US output will exceed that of other major oil-producing countries.
"The collapse in demand and prices has forced crude oil producers around the world to shut down supplies faster than anyone had expected," the IEA said. In the United States, "shale oil production activity levels have fallen to record lows, and almost all operators have shut down uneconomic production."
01
International Energy Agency: Oil production in oil-producing countries other than OPEC is plummeting
SummaryOn May 14th, Beijing time, the International Energy Agency (IEA) said in its latest monthly market report that global oil production outside the Organization of the Petroleum Exporting Countries (OPEC) fell faster than expected, with the US leading the decline.
The IEA said that crude oil production in non-OPEC oil-producing countries decreased by 1.1 million barrels / day in April from a year earlier. Crude oil production will decrease by 6.7 million barrels per day from March to June, reaching an unprecedented level. Most of the decline was mainly driven by the United States and Canada. Expected to fall further in May. The decline in US output will exceed that of other major oil-producing countries.
"The collapse in demand and prices has forced crude oil producers around the world to shut down supplies faster than anyone had expected," the IEA said. In the United States, "shale oil production activity levels have fallen to record lows, and almost all operators have shut down uneconomic production."
- classification:2020
- Author:
- source:
- Time:2019-11-07
- Views:13
On May 14th, Beijing time, the International Energy Agency (IEA) said in its latest monthly market report that global oil production outside the Organization of the Petroleum Exporting Countries (OPEC) fell faster than expected, with the US leading the decline.
The IEA said that crude oil production in non-OPEC oil-producing countries decreased by 1.1 million barrels / day in April from a year earlier. Crude oil production will decrease by 6.7 million barrels per day from March to June, reaching an unprecedented level. Most of the decline was mainly driven by the United States and Canada. Expected to fall further in May. The decline in US output will exceed that of other major oil-producing countries.
"The collapse in demand and prices has forced crude oil producers around the world to shut down supplies faster than anyone had expected," the IEA said. In the United States, "shale oil production activity levels have fallen to record lows, and almost all operators have shut down uneconomic production."
扫二维码用手机看
Recommend
- [Good News] The dry gas seal for the first domestic gas injection centrifugal compressor in the gas storage has been successfully put into operation in Huangcaoxia! 2021.10.21
- Present to the 100th Anniversary of the Founding of the Party -Group ERP Boosts Sinoseal's Intelligent Manufacture 2021.10.01
- Sinoseal Won the Honor of "Top 50 Enterprises in Sichuan Machinery Industry in 2020" 2021.10.01
- Market Breakthrough, Production Guarantee-Sinoseal is fighting hard and presenting the National birthday! 2021.10.01
- Notice of Product Price Adjustment 2021.05.13
- Overcome difficulties, Win-Win for the Future - Congratulations for Sinoseal on Winning the "2020 Best Delivery Award" of Sulzer (Suzhou) 2020.12.31
Contact
Email: export@sns-china.com
International sales: +86-028-85373902
Address: No. 8, 4th Wuke West Road, Chengdu City, Sichuan Province，China
Sinoseal Holding Co., Ltd. is a Chinese listed company and a leader in China’s Fluid Sealing Industry. Sinoseal has transformed its 40 over years of research and development experience into a professional company specialized in the production and a provider of overall sealing solutions for its customers. With our strong technical strength and advance technology and equipment used in manufacturing , Sinoseal’s products and services enjoy a good reputation across the industries it serves in China.
Copyright © 2020 SINOSEAL HOLDING Co., Ltd. All rights reserved. 蜀ICP备05014698号