Oil companies' output fails to gush

Article Abstract:

Production of oil is actually decreasing among the major oil companies even as OPEC's refusal to dramatically increase production leaves prices and demand high.

Production data, Crude Petroleum, Brief Article

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Iraq needs new fields to restore oil output to its prewar levels

Article Abstract:

New oil fields will be needed to restore Iraq's oil production to pre-2003 Iraq war levels. The country's oil facilities have been hit by sabotage and lotting since the end of the U.S. invasion of the country.

Production management, Iraq, Natural gas, Gas industry, Natural resources

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Storm's damage to energy plants appears limited

Article Abstract:

Petroleum and gas industry damage due to Hurricane Rita in the Gulf of Mexico appears to be limited and not expected to blow into a longterm economic burden. Oil and gas prices could increase, gasoline to $3 a gallon. Insured damage claims due to the hurricane appear to be $2.5 billion to $6 billion.

Financial management, Commodity & service prices, Petroleum refining, Gulf of Mexico, Economic aspects, Finance, Prices and rates, Company financing, Company pricing policy, Storm damage, Hurricane Rita, 2005

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