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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. The US also broke into the international crude trade, doubling export volumes and entering that top ten ranking. 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. Venezuela’s Woes. by Gaurav Agnihotri for Oilprice.com. Source: opec.org). Iran Nuclear Deal: A warning sign for OPEC?

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

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Venezuela acted as a check on the overall level though, as the crisis-hit country’s production continues to hit fresh lows. Polish refiner Grupa Lotos bought a one-off test purchase of 2 million barrels of Iranian light crude recently, and Europe has returned as a key destination for Iranian crude.

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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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While production costs and refining costs for heavy oil exceed that for light oil, applying information technology solutions for decision-making has provided a significant increase in the margins and profits of operations, according to Chevron engineers in a paper presented on their system earlier this year. Kern River Field current stats.

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

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The US portion of the pipeline would begin near Morgan, Montana at the international border of the United States and extend to delivery points in Nederland and Moore Junction, Texas. The top four suppliers were Mexico, Venezuela, Saudi Arabia, and Nigeria. There would also be a delivery point at Cushing, Oklahoma.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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Venezuela, an OPEC member, has even proposed an emergency summit meeting. The Association of European Businesses in Russia recently announced that sales of new cars and light commercial vehicles contracted 29 percent in August year-over-year and forecast a 37 percent decline for all of 2015.

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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. light-vehicle fleet by 2030. The study also attempts to quantify how the electrification of the U.S.