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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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Global oil supplies increased by 310 kb/d in November to 92.3 Year-on-year, November supplies rose by 810 kb/d, as a 1.9 OPEC crude supply fell by 160 kb/d in November to 29.73 mb/d in October, down by 2 mb/d on September and by 1 mb/d from the previous year, on sweeping plant maintenance and weak margins. mb/d in 2014.

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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. The most near-term supply risk comes from Iraq. Iran probably won’t pose a supply risk to the market, at least not this year. by Nick Cunningham for Oilprice.com. bank Citi said.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.

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This Lockheed Martin Researcher’s Work on UAVs Saves Lives

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It is often better to fly in lifesaving supplies instead of loading trucks with supplies to bring them along roads that might not be passable anymore,” Fregene says. Kingsley Fregene Saving lives in Nigeria Fregene’s aim to keep people safe started with his first after-school job, as a bus conductor, when he was in the sixth grade.

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Oil Prices Running Out Of Reasons To Rally

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The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. It’s a good time to do maintenance on oil fields during production cuts,” Al-Fezaia said, noting that Kuwait will lower output from 2.89 The pace and magnitude of each trend will ultimately drive oil prices one way or the other.