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

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The US also broke into the international crude trade, doubling export volumes and entering that top ten ranking. The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide. Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit.

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Bloomberg Intelligence: US border tax could boost gasoline prices average $0.30/gallon

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If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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quadrillion Btu in 2040 in AEO2014 , reflecting the impacts of increased foreign trade on international shipping and higher incomes on recreational boating. Pipeline exports of natural gas to Mexico grow by 6% per year, from 0.6 Energy consumption by marine vessels increases from 0.9 quadrillion Btu in 2012 to 1.0 Tcf in 2012 to 3.1

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