"Chevron to Buck Downturn with Major Project Developments"
Chevron says it is well positioned in 2009 with a strong balance sheet and numerous projects coming on stream. The company expects new project start ups and continued ramp ups to contribute production of 650,000 barrels per day....Complete Story
"Kashagan Production Still Scheduled for 2012"
The economic downturn will not affect the development of Kazakhstan's Kashagan oil field, said a Shell executive. First production is still scheduled for the fourth quarter 2012....Complete Story
"U.S. Lowers Forecast for 2009 Global Oil Demand as Recession Cuts Fuel Use"
The U.S. reduced its forecast for 2009 global crude oil consumption for the sixth month in a row as the economic slowdown cuts fuel purchases....Complete Story
"OPEC Needs 100% Quota Compliance Before Further Cuts, Qatar's Attiyah Says"
OPEC, supplier of about 40 percent of the world’s oil, needs full compliance with production quotas before discussing a further reduction in output, Qatar’s oil minister said....Complete Story
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