Read more oil production stories on Newserhttp://www.newser.com/taggrid/17256/oil-production.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 14:12:54 CSThttp://www.newser.com/story/67474/fiber-optic-mics-eavesdrop-on-thieves.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMajor oil companies are relying on a new fiber-optic technology to keep an underground ear on intruders, the Independent reports. Devised by a British defense firm, the OptaSense system consists of microphones placed along sensitive fiber-optic cables already laid underground. The cables sense vibrations, the mics pick it up, and...http://www.newser.com/story/67474/fiber-optic-mics-eavesdrop-on-thieves.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 21 Aug 2009 18:09:50 CDThttp://www.newser.com/story/54535/with-oil-supplies-dropping-look-for-prices-to-soar-again.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA tough economy and falling prices have hit oil firms hard, forcing them to cut back capital spending and delay projects. So when demand again increases, supply could be short, the Wall Street Journal reports, driving prices back up. Slowing investment could hamper future supply growth by some 8 million...http://www.newser.com/story/54535/with-oil-supplies-dropping-look-for-prices-to-soar-again.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 27 Mar 2009 8:01:14 CDThttp://www.newser.com/story/47967/oil-rich-abu-dhabi-plans-nuke-plants.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAbu Dhabi is planning a shift away from fossil fuels despite being one of the world's major oil producers, BusinessWeek reports. The UAE territory, faced with surging demand for electricity and dwindling natural gas reserves, aims to build nuclear plants to supply a quarter of its power. A cooperation deal...http://www.newser.com/story/47967/oil-rich-abu-dhabi-plans-nuke-plants.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 15 Jan 2009 7:48:33 CSThttp://www.newser.com/story/46323/oil-prices-reverse-monthlong-decline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOil prices rose today—after dropping more than 30% this month alone—as the United Arab Emirates joined Saudi Arabia in curbing crude supplies, reports Reuters. Crude oil rose as much as $1.55 a barrel, or 4.4%, to $36.90 in New York this morning. The UAE cut...http://www.newser.com/story/46323/oil-prices-reverse-monthlong-decline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 26 Dec 2008 7:44:05 CSThttp://www.newser.com/story/45601/opec-slashes-a-record-22m-barrels.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOPEC has approved a cut in output of 2.2 million barrels of crude a day, the largest reduction ever, MSNBC reports. The consortium believes that stabilizing prices now by decreasing supply will guard against a price spike when consumer confidence increases. OPEC’s monthly report predicts that demand will have...http://www.newser.com/story/45601/opec-slashes-a-record-22m-barrels.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 17 Dec 2008 10:54:17 CSThttp://www.newser.com/story/45537/opec-prepares-to-slash-output.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOPEC ministers are expected to back the biggest reduction in oil production in the history of the cartel when they meet today, Reuters reports. The exporters widely support a cut of 2 million barrels a day. Oil prices neared $43 per barrel yesterday, down over $100 from July. Officals from...http://www.newser.com/story/45537/opec-prepares-to-slash-output.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 17 Dec 2008 1:46:44 CSThttp://www.newser.com/story/45039/oil-slides-into-its-own-recession.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOil is officially entering a recession of its own, as a foundering global economy has caused the first reduction in consumption in a quarter-century, the Wall Street Journal reports. The International Energy Agency estimates that 2008 demand for oil will finish down some 300,000 barrels a day, the first...http://www.newser.com/story/45039/oil-slides-into-its-own-recession.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 11 Dec 2008 9:13:26 CSThttp://www.newser.com/story/40588/opec-panics-as-oil-plunges.html?utm_source=syn&utm_medium=rss&utm_campaign=tagEarlier this year the nations of OPEC were riding high as booming economic growth and tight supplies buoyed crude above $100. But now a barrel of oil is $70 and dropping fast, and frightened petroleum producers are holding an emergency meeting this week to discuss a production cut. As the...http://www.newser.com/story/40588/opec-panics-as-oil-plunges.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 22 Oct 2008 8:33:41 CDThttp://www.newser.com/story/38476/southeastern-gas-shortage-wreaks-havoc.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGas is in short supply throughout the Southeast this week after oil production was hit hard by hurricanes Gustav and Ike, the Washington Post reports. Some didn’t make it to work as gas station lines grew to 60 cars long; half the stations in Atlanta were closed. “I drove past...http://www.newser.com/story/38476/southeastern-gas-shortage-wreaks-havoc.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 26 Sep 2008 9:22:06 CDT