praxiz
(570 posts)
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Fri Jan-14-05 07:20 AM
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Production worries keep oil prices high |
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Production worries keep oil prices high
Bad weather in the North Sea and concerns over OPEC production levels kept oil prices relatively high at around USD 46 a barrel on Friday. Some oil installations off Norway remained shut down because of severe storms.
Royal Dutch/Shell was prevented from restarting production of 140,000 barrels a day from the Draugen field in the offshore Norwegian sector. Bad weather has prevented repairs to damaged crude oil loading equipment.
Statoil, meanwhile, has begun to restore 100,000 barrels a day of production at its Snorre and Bigdis oilfields but said it "will take some time" before production can fully resume. The fields have been shut since a gas leak was discovered in late November.
Meanwhile, temperatures are expected to remain well below normal in the northeastern US next week, where heating oil is in demand.
snip
http://www.aftenposten.no/english/business/article948336.ece>
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RPM
(1000+ posts)
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Fri Jan-14-05 07:55 AM
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1. production worries.... |
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I wonder if that means worries about whether there will be any production in 50 years...
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DU
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Tue May 07th 2024, 11:48 PM
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