OPEC Prepares For Peak Oil Demand In Late-2030s
OPEC . The annual release of the bloc’s World Oil Outlook points out that if just a quarter of the world’s cars run fully on batteries, demand would plateau at Continue Reading
API Reports Yet Another Crude Inventory Draw
The American Petroleum Institute (API) reported a draw of 1.562 million barrels in United States crude oil inventories, against an S&P Platts’ survey of analysts that expected inventories would draw Continue Reading
OPEC Now Says U.S. Shale Will Grow Even Faster Than They Previously Thought
Group raises forecast for shale oil output in annual report Shale producers show ‘resilience and ability to bounce back’ OPEC said shale oil production will grow considerably faster than expected Continue Reading
House takes up offshore drilling overhaul
As leaders in the U.S. House take up an offshore drilling bill, pressure has mounted on the U.S. government’s lack of oversight for protection of public lands. The Accessing Strategic Continue Reading
Bakken oil production to climb, but Permian, OPEC pose risk
The path of production in the Bakken Shale formation over the past year has been dramatically pressured by everything from the OPEC supply cut agreement to delays in building the Continue Reading
Chevron Canada Okays Duvernay Development
‘The Duvernay formation is one of the most prospective liquids-rich shale plays in North American,’ Chevron Canada President Jeff Gustavson. Following a three-year appraisal program, Chevron Canada Limited has decided Continue Reading
Shell Gears Up For Peak Gasoline
Since the oil price plummet it 2014, Shell has transitioned its business model over to refining oil, offering other refined oil products, and producing petrochemicals. The oil giant will produce Continue Reading
Glencore’s Role in Paradise Papers: What You Need to Know
Law firm had ‘Glencore Room’ at Bermuda Office, Guardian says Documents cover Glencore in Congo, Australia and shipping unit The activities of Glencore Plc, the world’s biggest commodity trader, are Continue Reading
‘End of oil’ narratives are misleading — global oil demand will remain at 90 million bpd till at least 2040
Contrary to armchair calculus, more electric vehicle (EV) sales do not equate to the world using less oil anytime soon. This is the fourth and final in a series of Continue Reading
WTI Soars As U.S. Oil Rigs See Biggest Decline Of The Year
Baker Hughes has reported that the number of oil and gas rigs in the United States fell for yet another week, this time dipping 11 rigs —most of which was Continue Reading