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Why North Dakota Is Like Iran, Iraq, Nigeria & Russia: Wasted Natural Gas

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If North Dakota were a country, it would rank fifth behind Russia, Nigeria, Iran, and Iraq on the list of worst natural-gas wasters, according to the World Bank. What does North Dakota have in common with Iran?

Why Buy Electric Cars? Iraq Vet Says: For National Security

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But not all of them have served three tours of military duty, including service in Iraq and Afghanistan. Most Nissan Leaf owners are passionate about their electric cars, especially the earliest ones who've already taken delivery. Tim Goodrich was posted to Afghanistan as an avionics technician, supporting the AWACS planes that feed aerial

Iran, Iraq, Syria sign $10B gas pipeline deal

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Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea. Iraq has said that it needs 10 to 15 million cubic meters of Iranian gas per day. Brief

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Honeywell UOP technology selected for new 300K bpd oil refinery in Iraq

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The Iraq State Company for Oil Projects (SCOP), under the Ministry of Oil for Iraq, has selected Honeywell’s UOP to provide key technologies to process 300,000 barrels per day (bpd) of domestic crude oil into gasoline and diesel fuel at a new refinery in Nassiriya, Iraq. Refining capacity in Iraq is expected to reach 1.6

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Uber, Lyft respond to Trump ban on entry to US from targeted countries

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Last Friday, President Trump signed an executive order suspending “immigrant and nonimmigrant entry” into the US from Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen for 90 days, with the potential for adding further countries of origin to the list of proscribed. Have lawyers and immigration experts will be on call 24/7 to help. Brief

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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million bbl/d in 2009-2010. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits.

EIA: China is now the world’s largest net importer of petroleum and other liquid fuels

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Click to enlarge. US total annual petroleum and other liquids production is expected to rise 31% between 2011 and 2014 to 13.3 million barrels per day.

They Don't Just Steal at the Pump

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The corruption in the oil business isn't only in Iraq. PBS' Now profiles government auditor Bobby Maxwell's attempt to get oil companies drilling on government land to pay royalties due. See the video here.

EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA). Saudi Arabia.

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Iran negotiations, OPEC meeting loom for oil markets

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Libya’s Prime Minister visited Riyadh on November 13, arriving just as Iraq’s President departed. by Nick Cunningham of Oilprice.com. As November draws to a close, there are two major events that could profoundly change the oil markets. In exchange the US has suggested Iran could maintain some domestic ability to enrich uranium.

Opinion: The Saudi Oil Price War Is Backfiring

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by Gaurav Agnihotri of Oilprice.com. Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. Source: [link].

Oil Prices Running Out Of Reasons To Rally

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Market analysts paused a bit on news that Iraq’s oil exports from its southern ports on the Persian Gulf hit a record high in December, but the data has no bearing on whether or not Iraq will comply with the agreed upon cuts. Iraq is committed to achieving producers’ joint goals to control the oil glut in world markets.”.

Day Of Reckoning For US Shale Will Have To Wait

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Iraq has steadily increased output this year despite low oil prices and security issues related to ISIS. by Nick Cunningham of Oilprice.com. October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound.

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Opinion: How Much Longer Can OPEC Hold Out?

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Iraq’s Issues. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC. by Gaurav Agnihotri for Oilprice.com. Source: [link].

Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

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million barrels per day (b/d) in June, up 170,000 b/d from May and the fourth consecutive monthly increase since February, as Saudi Arabia and Iraq pushed out more oil, a Platts survey of OPEC and oil industry officials and analysts showed Monday. As well as Basrah Light, Iraq is now exporting the newly-introduced Basrah Heavy crude oil.

Opinion: Who Will Be Left Standing At The End Of The Oil War?

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And that’s with per barrel production costs of around $31/$32 in Nigeria, $23/$24 in Libya, and $10/$11 in Iraq. So the breakeven is elusive.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Russia already has extensive and close ties with Iran and Venezuela, and is now laying the basis for such ties with Iraq. A strategic alliance with Iran and Iraq offers Putin two more potential avenues to pressure the Saudis. by Dalan McEndree for Oilprice.com. Live by Energy…. percent of GDP in 2014. mmbbl/day) in 2013. and $65.8

The Mountain and Mohammed: Halliburton Moves HQ to United Arab Emirates

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billion of the $10 billion in contractor waste and overcharging in Iraq.".

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Opinion: Why oil prices must go up

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In fact, half of the additional supply needed from the Middle East will have to come from a single country: Iraq. Source: [link].

What's Oil Got to Do With It?

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A 2nd Times piece, " Billions in Oil Missing in Iraq, U.S. Of course, a resurgent oil industry, we were told, would finance the reconstruction of the energy sector and Iraq as a whole. Study Finds " reports that hundreds of thousands of barrels of oil "is unaccounted for and could have been siphoned off through corruption or smuggling."

Opinion: Stop Blaming OPEC For Low Prices

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Iraq is not subject to the quota restrictions, and so it is pulling out all the stops to increase output. by Nick Cunningham of Oilprice.com.

Ethanol Producers Group Calls for Congress to Repeal International Indirect Land Use Provision in RFS2

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Accompanying the statement was a picture of oil wells burning in Iraq in 1991. The RFA followed that up later in the week with a second statement asserting that CARB and EPA failed to evaluate indirect petroleum GHG emissions related to reconstruction of Iraq and protection of the US oil supply. Earlier post.). Tom Buis. Bob Dinneen.

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). Fourth, in terms of political risk, Saudi Arabia with its Gulf allies, Iran, and Iraq, and the Middle East in general, is at the epicenter of global tension, turmoil, and tumult. by Dalan McEndree for Oilprice.com. At 31.7

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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Renewed disruptions in Libya and smaller drops in Nigeria, Kuwait, the United Arab Emirates and Venezuela more than offset higher output in Iran, Iraq and Angola. 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 Brie

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. WEO 2011. Click to enlarge. The passenger vehicle fleet doubles to almost 1.7 billion in 2035. —WEO 2011. —WEO 2011.

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IEA March Oil Market Report revises 2015 demand forecast upward

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mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. Having bottomed?out out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year year gains estimated at around 0.9 million barrels per day (mb/d) for the final quarter of last year and 1.0 mb/d year?on?year

IEA raises forecast global oil consumption in 2013 to 90.8 mb/d

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mb/d on lower output from Saudi Arabia and Iraq. In its latest Oil Market Report , the International Energy Agency (IEA) raises its forecast for global consumption of oil to 90.8 mb/d in 2013, 240 kb/d more than in last month’s report and 930 kb/d (1.0%) up on 2012. Global crude oil supplies fell by 170 kb/d in December, to 91.2 Brief

The Oil War Is Only Just Getting Started

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The Oil War Is Only Just Getting Started. by Tsvetana Paraskova for Oilprice.com. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Market Background Oil

Average Carbon Intensity of crude to California refineries in 2012 down very slightly from 2010 baseline

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The greatest volume of crude in 2012 came from Alaska (75,026,823 barrels, with a carbon intensity of 12.81), followed by 57,829,491 barrels of Basra Light from Iraq (CI 12.08) and 49,600,000 barrels from Saudi Arabia (Arab Light, with a CI of 6.75). The average value is 11.36 The 2010 baseline Crude Average CI value is 11.39 Volume. Brief

Bush Says Farewell to Blair with Empty Rhetoric on Climate Change

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After his visit to Washington, Blair paid a farewell visit to Iraq. Tony Blair came to DC to say farewell. And make one final pitch for American cooperation on climate change. We spent a lot of time on climate change. But it seems his appeals have fallen on deaf ears. It's important not to jeopardise economic growth."

Operating consortium boosts production from giant Iraqi oil field 10%; targeting 1.2M barrels per day within 6 years

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Eni, with a 32.81% share, is the lead contractor of the consortium formed for the redevelopment of the giant Zubair field (Eni puts the recoverable reserves at more than 6 billion barrels of oil equivalent), near Basra in southern Iraq. The consortium plans to increase production from the Zubair field to 1.2 Brief

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. trillion of $3.05

Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

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Geely’s current major overseas markets include Ukraine, Russia, Iraq and Saudi Arabia. Zhejiang Geely Holding Group set a new export sales record in December with 11,000 cars being exported during the month, which also helped the company increase its export sales over the course of 2012 by 164%. Brief

The Future Ain’t What It Used To Be

Creative Greenius

Just as they cannot hide the truth that gets reported every day: . The oceans are warming about 50% faster than the IPCC reported in 2007.

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

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The other country to observe a fall in production was Iraq, as output dropped 20,000 b/d to 4.23 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 —Eklavya Gupte, senior editor for S&P Global Platts. Brief

Saudis Expand Price War Downstream

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Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. by Gaurav Agnihotri for Oilprice.com. In fact, at $5.60

Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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The four countries that show the highest potential in terms of effective production capacity growth are—in order—Iraq, the United States, Canada, and Brazil. World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Source: Maugeri 2012. Click to enlarge. —Maugeri 2012. shale oil production. Resources.

Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March. by Nick Cunningham of Oilprice.com. Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. Oil Opinio

Department of Defense releases new operational energy strategy; more fight, less fuel

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operations in Afghanistan and Iraq, jet fuel (JP-8 or JP-5 on ships) is the most prevalent battlefield. aircraft over Afghanistan, 8 Dec 2010.

IEA: global map of oil refining and trade to be redrawn over next 5 years

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Among OPEC producers, Iraq stands out as its production capacity is expected to enter a new growth phase, which may continue even beyond the forecast period. But it also highlights elevated supply and demand risks. The oil market is at a crossroads. —IEA Executive Director Maria van der Hoeven. Brief

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