1. Both countries will face severe problems increasing their oil output. 2. And stockpiles are expected to fall further as refiners boost heating oil output. 3. Any disruption to Iraq oil exports would come at a time when oil output is expected to rise. 4. Arco has been trying to slow declines in its Alaskan oil output. 5. Clyde wants credit for its prospects to boost oil output at two acquisitions made in the past year -- Crusader Ltd. of Australia and projects in Indonesia. 6. Davies said he expects growth in world oil output to continue to be more evenly shared between OPEC and non-OPEC during the next five years. 7. Earlier this week, Rodriguez said OPEC would increase oil output in September if demand remains high enough to absorb the extra barrels. 8. Even though global oil output has risen, demand has grown every bit as fast. 9. For an industry whose timetables on development projects tick in decades, skipping projects now because prices are high will begin to affect oil output only years from now. |