Tag: Oil Production

Iranian Proxy Damages Saudi Oil Production

September 15, 2019

The Saudi oil company Aramco was hit with drone strikes Saturday according to a Fox report. The drone strikes led to a fire at the world’s largest oil processing facility. That facility is near an oil field also operated by the company. Short term damage Roughly 5% of the world’s oil supply was disrupted. The … Read more

Data Point – So much for Obama’s “we can’t drill our way out of this”: US now largest oil producer

February 22, 2019February 22, 2019

by Skip

“U.S. crude oil production hit 12 million barrels per day in mid-February, according to the Energy Information Administration’s (EIA) latest report. EIA’s weekly petroleum report, for the week ending Feb. 15, showed crude output jump more than 1.7 million barrels per day compared to the same time in 2018 — from roughly 10.3 million barrels per day … Read more