MarketLine Blog

Posts tagged to crude oil

New Zealand: Halt to offshore drilling

MarketLine

New Zealand pumped an average of just 31,000 barrels of crude oil a day in 2017, according to data from the US Energy Information Agency (EIA), a fraction of the 913,000 barrels produced daily in the North Sea. The country’s annual oil production makes up just 1.4% of the country’s economy. The industry is already in decline after a downturn in the global market from 2014 took a heavy toll on its earnings. Crude oil production declined in 2016 to the lowest level in a decade, and spending on production… http://hsifinancial.com/wp-json/oembed/1.0/embed?url=http://hsifinancial.com/2016/08/will-the-us-election-affect-the-markets/ Read more