{"id":67803,"date":"2015-03-16T10:00:32","date_gmt":"2015-03-16T15:00:32","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=67803"},"modified":"2015-03-16T14:29:14","modified_gmt":"2015-03-16T19:29:14","slug":"u-s-oil-output-may-drop-late-this-year","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=67803","title":{"rendered":"U.S. oil output may drop late this year"},"content":{"rendered":"<p><a href=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/11\/oilwells.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-7251\" alt=\"oilwells\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/11\/oilwells.jpg\" width=\"168\" height=\"126\" \/><\/a>London\u00a0 \u00a0\u00a0 A report says, U.S. oil output could start to take a hit by late 2015 due to low prices.<\/p>\n<p>The halving of oil prices since June 2014 has prompted spending cuts by oil companies and a drop in U.S. drilling, raising expectations of slowing output in countries outside the Organization of the Petroleum Exporting Countries (OPEC).<\/p>\n<p>But in a monthly report, OPEC left its forecast for non-OPEC supply this year unchanged and said output of U.S. &#8220;tight&#8221; oil, also known as shale, might only start to be curbed towards the end of the year<\/p>\n<p>Oil&#8217;s collapse from $115 a barrel in 2014 gained impetus after OPEC refused to cut output at a November meeting, seeking to slow higher-cost production in the\u00a0<a id=\"\/search\/entity?entityId=http%3A%2F%2Fd.opencalais.com%2Fer%2Fgeo%2Fcountry%2Fralg-geo1%2F152649df-347e-e289-1a9e-acc883e07d17&amp;sort=date&amp;terms=%22United%20States%22\"><\/a>United States\u00a0and elsewhere that had been eroding its market share.<\/p>\n<p>OPEC holds its next meeting in June and comments from officials so far suggest it will not adjust policy as it waits for the strategy to take effect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London\u00a0 \u00a0\u00a0 A report says, U.S. oil output could start to take a hit by late 2015 due to low prices. The halving of oil prices since June 2014 has prompted spending cuts by oil companies and a drop in U.S. drilling, raising expectations of slowing output in countries outside [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":56851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-67803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/67803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67803"}],"version-history":[{"count":3,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/67803\/revisions"}],"predecessor-version":[{"id":67825,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/67803\/revisions\/67825"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/56851"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67803"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}