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Tag Archives: oil production
It’s The Demand, Stupid! Is China About To Burst The Black Gold Bubble?
It’s The Demand, Stupid! Is China About To Burst The Black Gold Bubble? For months we have heard about how the oil market’s over-supply ‘glut’ has been removed thanks to OPEC/NOPEC’s production cut deal and the narrative of ‘global synchronous recovery’ has buoyed the demand side of the equation – sending crude prices to four […]
Higher Oil Prices Might Not Destroy Demand Growth
Higher Oil Prices Might Not Destroy Demand Growth The recent jump in oil prices to $80 per barrel raised a lot of questions about whether or not the heady demand growth projections for this year would hold up. In fact, signs of strain quickly popped up in disparate parts of the world. But as governments […]
Next Stage of Pressure on Iran – Lower Oil Prices
Next Stage of Pressure on Iran – Lower Oil Prices President Trump is stepping up his attack on Iran. He’s now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key. From the analysis at Oilprice.com: Saudi Arabia and […]
OPEC’s Dilemma: Demand Destruction Or Production Boost
OPEC’s Dilemma: Demand Destruction Or Production Boost The early signs of discontent and demand destruction could be forcing OPEC’s hand, but increasing production carries its own risks. OPEC and Russia are considering raising oil production in a few weeks’ time, and while much of the focus has (rightly) been on the supply outages in Venezuela […]
Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day
Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day It all started on April 20, when having tweeted at and about virtually everything else, President Trump realized that surging oil and gasoline prices are wreaking havoc on his economic agenda and eating away at the benefits from his tax cuts, […]
Shale Bottlenecks Could Send Oil Prices Higher
Shale Bottlenecks Could Send Oil Prices Higher Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil demand by 2030, some analysts remain upbeat about the future of oil prices, citing transport constraints in the […]
The Unbelievable Amount Of Frac Sand Consumed By U.S. Shale Oil Industry
The Unbelievable Amount Of Frac Sand Consumed By U.S. Shale Oil Industry The U.S. Shale Oil Industry utilizes a stunning amount of equipment and consumes a massive amount of materials to produce more than half of the country’s oil production. One of the vital materials used in the production of shale oil is frac sand. […]
Reuters: OPEC Production Falls To 13-Month Low
Reuters: OPEC Production Falls To 13-Month Low OPEC’s oil production dropped in May by 70,000 bpd to 32.00 million bpd on the back of outages in Nigeria and a continuous decline in Venezuela that dragged the cartel’s total production to the lowest level since April 2017, according to the monthly Reuters survey. The largest fall […]
Extreme Weather Causes Production Outages In Libya
Extreme Weather Causes Production Outages In Libya A Libyan oil company has had to significantly reduce oil production at its fields because the hot weather has caused several turbines to stop working. The company is Agoco, a unit of the national Oil Corporation, and the decline in production amounted to some 120,000 bpd, sources wishing […]
Introducing Empire Oil: A DeSmog UK Special Investigation
Introducing Empire Oil: A DeSmog UK Special Investigation The UK likes to brag about its credentials as a global climate leader. But a new DeSmog UK investigation reveals that beneath the green veneer lies some dirty business. At the centre of it all is the City of London and its junior stock exchange, the Alternative Investment […]
Could Oil Hit $100?
Could Oil Hit $100? Oil prices have continued their climb following a week of bullish news, and with geopolitical tensions reaching a boiling point, prices are poised to head even higher. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, May 11, 2018 Iran continues […]
How Much Iranian Oil Can Trump Disrupt?
How Much Iranian Oil Can Trump Disrupt? Oil prices surged following President Trump’s withdrawal from the Iran nuclear deal. So, what happens next? Trump did not offer any new justification for how Iran was violating the nuclear accord – the IAEA confirmed on May 9 that Iran is in compliance with its nuclear commitments – […]
