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Olduvai III: Catacylsm
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OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase

OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase Iraq has plans to boost its crude oil production by 600,000 bpd to 5 million bpd by the end of this year, regardless of its participation in OPEC’s production cut deal. Iraq is the cartel’s second-biggest exporter of crude and has been the most disinclined […]

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Norway Doubles Down On Arctic Oil

Norway Doubles Down On Arctic Oil While Canada and the U.S. ban Arctic drilling for oil and gas motivated by environmental concerns, and majors such as Shell pull out of their Arctic projects due to financial pressures, Norwegian energy companies are planning to increase drilling in the country’s Arctic shelf in the Barents Sea. It […]

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OPEC Production Cut May Need to Be Extended: Oil Ministers

OPEC Production Cut May Need to Be Extended: Oil Ministers The oil ministers of Iran and Qatar have suggested that OPEC’s production cut agreement may have to be extended beyond the June deadline, despite an almost 100-percent compliance rate. The comments come a day after the American Petroleum Institute reported the second-largest crude oil inventory increase in history, at […]

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A 4.5-Million-Barrel Per Day Oil Shortage Looms: Wood Mackenzie

A 4.5-Million-Barrel Per Day Oil Shortage Looms: Wood Mackenzie A report by Wood Mackenzie has warned the world may face a daily oil shortage of 4.5 million barrels by 2035. The amount represents around half of the global consumption estimate of the International Energy Agency (IEA) for 2016. In other words, a true crisis is looming—and for the moment, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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