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Tag Archives: oil production
With U.S. shale oil boom over, can world production climb?
With U.S. shale oil boom over, can world production climb? Prior to the pandemic-induced downturn in world oil production, U.S. oil production growth was responsible for 98 percent of the increase in world production in 2018 (as reported in 2019). Almost all of that growth resulted from rapid increases in shale oil production which accounted for 64 percent […]
OPEC Production Fell In November, But 3 Members Actually Boosted Output
OPEC Production Fell In November, But 3 Members Actually Boosted Output OPEC’s crude oil production fell by an average of 744,000 barrels per day, according to OPEC’s Monthly Oil Market Report released on Tuesday. Saudi Arabia’s November production fell by the most among its members, by 404,000 bpd, to 10.474 million bpd—Saudi Arabia’s lowest monthly […]
The “Oil Curse” and Splashy PR Announcements of Oil Production Cuts
The “Oil Curse” and Splashy PR Announcements of Oil Production Cuts It’s not just the price of oil that matters: how much disposable income consumers have left to buy more goods and services matters, too. The Oil Curse (a.k.a. The Resource Curse) refers to the compelling ease of those blessed with an abundance of oil/resources to […]
UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027
UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027 With oil tumbling ahead of the grueling 2023 recession, the last thing OPEC+ and (bullish) oil traders wanted to see is even more supply coming on line, and yet that’s precisely what the a core gulf hub is proposing. According […]
Oil Production by Country 2022 – Monthly Update
Oil Production by Country 2022 – Monthly Update https://youtu.be/qTR0uFZbcjY
Paradigm Shift: End of the Oil Age
PARADIGM SHIFT: END OF THE OIL AGE The world thinks it’s in an energy crisis today and indeed there are shortages in some places but the world is undergoing an energy crisis more fundamental than the simple shortage happening today in Europe. A shortage can be remedied. The larger problem is that oil use began […]
OPEC Sets The Stage For Output Cuts, Sees Oil Market Tipping Into Surplus In Clash With IEA Forecast
OPEC Sets The Stage For Output Cuts, Sees Oil Market Tipping Into Surplus In Clash With IEA Forecast Biden’s “hard-won”, post Saudi fist-bump OPEC output boost of 100K barrels may end up being not only the smallest on record, but also the shortest. In its latest monthly report, OPEC revealed that it expects global oil markets […]
https://youtu.be/0Hrpv21Ubf8
Oil and Gas: The Next Meltdown?
OPEC agrees to produce slightly more oil as recession fears loom
OPEC agrees to produce slightly more oil as recession fears loom London (CNN Business)The world’s oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand. The Organization of the Oil Exporting Countries and its allies — which includes Russia — also known as OPEC+, said on […]
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction Abstract This paper assesses how much oil remains to be produced, and whether this poses a significant constraint to global development. We describe the different categories of oil and related liquid fuels, and show that public-domain by-country and global […]
Bigger than you can imagine
Bigger than you can imagine One of the problems with claims that our situation is “just like the 1970s,” is that very few adults of the period are still around to share the memory. Those of us who were children at the time have only memories distorted through the lens of childhood innocence. I, for […]
Is Saudi Oil Production At Capacity?
Is Saudi Oil Production At Capacity? Use it or lose it – this principle might apply to Saudi Arabia’s oil production capacity that is now eyed by the Western world to fill the Russia-sized gap in supply left behind by embargoes. However, as Statista’s Katharina Buchholz details below, Saudi Arabia in the past three years only approached its declared […]
