News And

International Energy Agency: Oil production in oil-producing countries other than OPEC is plummeting

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."


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