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Syncrude Cuts Oil Output By More Than 1.5 Million Barrels

OilPrice.com Thursday, 5 December 2019
Canadian oilsands operation Syncrude has reduced its December crude oil production by 1.6 million barrels according to Reuters, citing three market sources. The production cutback was due to a operational problem, the sources said, who did not elaborate on what those operational problems were. Syncrude is one of the largest producers of crude from Albertas oilsands, a joint venture between Exxon’s Imperial Oil Resources, China National Offshore Oil Corporation (CNOOC), Sinopec, and Suncor. Syncrude also scaled back its oil sales in October…
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News video: Oil drops even as OPEC curbs output

Oil drops even as OPEC curbs output 00:56

Oil prices fell Friday even after OPEC agreed to curb output. Julian Satterthwaite reports.

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