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OEF Rapid Review Articles

China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016. This is about the same size as the recent output cut agreed by OPEC member Iraq. China’s output slumped in 2016 as state-owned firms shut wells at mature fields that had become too costly to operate after the crash. Crude production fell 6.9 percent in the first 11 months of 2016 to about 4 million barrels a day, the first decline since 2009 and the biggest in data going back to 1990.
LINK TO THE SOURCE ARTICLE:
China’s Oil Production Drop Helps OPEC Cut Global Supply

 


LINK TO THE SOURCE ARTICLE:
China’s Oil Production Drop Helps OPEC Cut Global Supply

 

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