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Oil prices rise on North Sea pipeline outage, but growing US output looms - Reuters
Reuters | Oil prices rise on North Sea pipeline outage, but growing US output looms Reuters Undermining OPEC's efforts to tighten the market is U.S. oil production, which has soared by 16 percent since mid-2016 to 9.78 million barrels per day (bpd), close to levels of top producers Russia and Saudi Arabia. Rising U.S. supply, driven largely ... Oil and gas supply disruptions ripple around the world Oil prices up slightly on pipeline outage support North Sea oil deliveries halted in first force majeure in decades ... |
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