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IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

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The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 mb/d in both 2013 and 2014, to reach 92.4 million barrels per day (mb/d), on stronger-than-expected third-quarter demand growth among OECD countries of 320 kb/d.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. If You’re a Free Range Oil Producer. dollar spreadsheet.

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Landsat Proved the Power of Remote Sensing

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Meanwhile, Landsat 5 stayed the course, imaging the Earth from March 1984 to June 2013—an astounding 29 years. The Defense Mapping Agency also regularly used Landsat data for terrain analysis in Kuwait during the Gulf War with Operations Desert Shield and Storm. After the dissolution of the Soviet Union, the U.S.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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mmbbl/day) in 2013. Putin has aligned Russia with OPEC’s have-nots—the members lacking financial resources to withstand low crude prices for an extended period and that have objected to Saudi policies (Iran, Iraq, Angola, Nigeria, Libya, Algeria, Ecuador, and Venezuela)—against the haves (Saudi Arabia, Kuwait, the UAE, and Qatar).

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