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US Weekly Oil Production Hits 7 Million Barrels a Day

Posted January 9th, 2013 at 6:35 pm (UTC-5)
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The U.S. Department of Energy says U.S. oil production for the week ending January 4 exceeded 7 million barrels a day for the first time in two decades. The report, released Wednesday, said the weekly average output is a 1.16 million barrel increase from the same week last year. The jump is attributed to improved […]

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US Weekly Oil Production Hits 7 Million Barrels a Day

Posted January 9th, 2013 at 6:00 pm (UTC-5)
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The U.S. Department of Energy says U.S. oil production for the week ending January 4 exceeded 7 million barrels a day for the first time in two decades. The report, released Wednesday, said the weekly average output is a 1.16 million barrel increase from the same week last year. The jump is attributed to improved […]

Tags: , , Posted in Economy

Italy’s Industrial Production Hits Highest Increase in Over a Decade

Posted October 11th, 2011 at 1:40 am (UTC-5)
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Italy’s national statistics bureau Istat reported Monday that August industrial production was up more than 4 percent over July. The jump was the largest month-to-month jump in more than a decade. Economists had anticipated only a slight increase in production of about 0.2 percent from July to August. The production jump from August 2010 to […]

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Oil Production Resumes in Libya

Posted September 26th, 2011 at 2:06 pm (UTC-5)
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Italian energy giant Eni says it is resuming large-scale oil production in Libya, a half year after its operations were brought to a near standstill by the uprising against Moammar Gadhafi. Eni, the largest foreign oil producer in Libya, said Monday that it is now drawing nearly 32,000 barrels of crude oil a day at […]

Tags: , , Posted in Economy, Middle East

Saudis Set to Boost Oil Production

Posted June 11th, 2011 at 5:15 am (UTC-5)
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Saudi Arabia is signaling that it is going to boost its supply of oil on its own after failing to convince other oil producers to jointly agree to more production. Several news agencies reported Saturday that the Saudis could increase their oil production by as much as 13 percent in the coming days to 10 […]

Tags: , , Posted in Middle East

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