Output is a result such as a production or report of the process or work. (Refer to the Outcome: a result or effect of an action, situation, etc. that is ultimately achieved by an activity, as distinct from its outputs which relate to more direct or immediate objectives)
Related Definitions in the Project: The Operation and Maintenance
Example Article of the Output:
OPEC Said To Consider Additional 1 Million Bpd Output Cut (Source: Oil Price on 17 Novembwe 2023): By ZeroHedge - Two days ago, JPMorgan’s head of energy strategy Christyan Malek warned that amid the recent plunge in oil prices, driven as much by shorting CTAs (who today are in full-blown short squeeze panic mode) as the Biden admin, the oil market was underestimating the chances of deeper supply cuts during this month's Nov 26 OPEC+ meeting. “The market’s probably assuming very little chance of that happening, I’d say it’s much higher than that – not as a base case but as a scenario” Malek told Bloomberg in an interview, adding that deeper curbs would be "in order to get ahead of potential weakness in the first half of next year." “We may need to see” a cut “given where the balances are, particularly given the demand trending.” And while “there’s a view that Saudi is tapped out", Malek said that he doesn't believe that: "I think there’s more flex if they wish to cut. We could see them do sizable cuts from here; having said that, I think it’s more likely they’ll want to socialize them among their OPEC peers – a collective cut rather than one on their own.” ...
