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

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OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. 2018 recorded an overall growth in oil production of 2.5 2018 recorded an overall growth in oil production of 2.5 WTI, the US light crude, covers 60% of global growth.

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Opinion: How Much Longer Can OPEC Hold Out?

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OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Venezuela’s Woes.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Current product flow at Kern River field. Data: California DOGGR.

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 If the situation persists, the case for a return to some kind of production cap may gain traction. million b/d in June in order to meet domestic demand.

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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

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Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands using different production processes relative to gasoline produced from reference crudes. The top four suppliers were Mexico, Venezuela, Saudi Arabia, and Nigeria. Source: FEIS, Appendix V. Click to enlarge.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. Venezuela, an OPEC member, has even proposed an emergency summit meeting. This decision set crude prices on a downward path. and EU Ukraine-related economic and financial sanctions.

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Electric cars to account for 64 per cent of car sales by 2030

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. ‘Electric Cars in the United States: A New Model with Forecasts to 2030′ is authored by Thomas Becker, a Berkeley economist who specializes in international and environmental economics. In previous studies, projected adoption rates have generally been based on electric vehicle sales as standalone products.