Tag

production

Economy / Finance, Energy, Podcast

Columbia Energy Exchange: Jamie Webster

October 3, 2016

The Organization of Petroleum Exporting Countries took many by surprise last week with its decision to consider making cuts in crude oil production to help lift prices and rebalance the market. Now the world will wait to see if a firm decision is made at OPEC’s next regular meeting in November. Host Bill Loveless sits down with one of our Fellows at the Center on Global Energy Policy, Jamie Webster, to discuss OPEC’s decision, a change in course from the last two years of free-flowing oil. (Listen here)

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by Bill Loveless
Article, Economy / Finance, Energy, Government and Politics

Oil, gas production ramping up in the Gulf: Here’s why

March 2, 2016

The U.S. government will open nearly 45 million acres in the Gulf of Mexico to oil and natural gas development later this month, at a time when low prices are forcing producers to cut back sharply on their exploration budgets. But the industry’s troubles have had little impact so far on oil output in the region. In fact, unlike onshore production, which has been tapering off as oil prices decline, Gulf of Mexico production is on its way to setting a record in 2017. (Read more)

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by Bill Loveless