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Olduvai III: Catacylsm
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IEA: The Oil Glut Is Going Nowhere

IEA: The Oil Glut Is Going Nowhere Global oil markets will remain well supplied this year, with a possible overhang of some 1 million bpd, the head of the International Energy Agency, Fatih Bitol, told Reuters.close [x]ReplayUnmuteLoaded: 0%Progress: 0%Remaining Time -0:00CaptionsFullscreen “Non-OPEC production is very strong. We still expect production coming from, not just United States, but also […]

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Poland: Zero Emissions Is A Trillion-Dollar Fantasy

Poland: Zero Emissions Is A Trillion-Dollar Fantasy Reducing emissions in Poland to zero will cost the country between $760 and $980 billion (700-900 billion euro), said Energy Minister Krzysztof Tchorzewski, as quoted by Reuters. “Of course, these costs would obviously be spread over years. But I treat it as a fantasy when someone says that Poland is […]

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Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells

Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells A junior Canadian gas E&P company has shut down abruptly, leaving as many as 4,700 wells behind, CBC reports, quoting the Alberta Energy Regulator, which said it had sent Trident Exploration Corp. an order to manage its wells, to which the company did not respond. Trident closed […]

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The Biggest Threat To Dollar Dominance

The Biggest Threat To Dollar Dominance Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources. While it may have come as a […]

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Oil Traders, Supermajors Diverge On Demand Forecasts

Oil Traders, Supermajors Diverge On Demand Forecasts The world’s oil supermajors and largest oil trading companies are not in agreement on the future trends in oil demand, a recent event has revealed. This, although normal, should serve as a signal to everyone watching the oil industry that any forecasts on supply and demand, regardless how […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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