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Opinion: Global Oil Supply More Fragile Than You Think

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Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. by Nick Cunningham of Oilprice.com. told the WSJ. “

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Researchers develop viable catalysts for reforming of heavy gas oil to hydrogen

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An oil jackpot of up to 233 billion barrels has been discovered in Australia, the new Saudi Arabia, which is foreseeable to extend the practical use of petroleum to about 200 years from 40 years at today’s oil consumption rate.

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