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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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Eni report: global oil reserves and oil production up in 2018 due to US

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn.

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Saudis Expand Price War Downstream

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The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy.

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IEA: key oil trends 2018

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Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018, according to the IEA. in 2018 compared to 2017.

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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. by Haley Zaremba for Oilprice.com. What I don’t hear people asking is, ‘then what?’

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Hydrogen Opposed Piston Engine Working Group formed

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A study of a 2017 Toyota Mirai fuel cell by Argonne National Laboratory found fuel cell stack efficiency below 50% and fuel cell system efficiency dropping below 40% at high loads. Achates Power is backed by the Oil and Gas Climate Investments and other investors. Direct injection also avoids the risk of backfire. Aramco Americas.

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Air Products to acquire Shell’s coal gasification technology business and patent portfolio for liquids (residue) gasification; coal-to-fuels in China

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As a leading industrial gas company, Air Products has extended its onsite supply model to use coal gasification to generate synthesis gas (syngas) for major projects. To produce hydrogen via water–gas shift. s (Jinmei Huayu’s) coal-to-clean-fuels project in Jincheng City, Shanxi Province.

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