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

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. Source: Eni World Oil Review 2019. WTI, the US light crude, covers 60% of global growth.

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IHS Markit: Canadian oil sands production to be ~1M barrels higher by 2030 but with lower annual growth; boosted by deterioration in Venezuela

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Yet, ironically, the call on Canadian heavy sour crude oil—the principal export from the Canadian oil sands—has never been greater as the rapid deterioration of Venezuelan output tightens the supply of heavy sour crude globally. —Kevin Birn.

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GECF: more than a quarter of 2050 natural gas supply untapped

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average economic growth rate between 2000 and 2019, continuously expanding domestic gas production, attracting investors, and enhancing knowledge and technologies exchange. As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an 11.5%

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Mad Power thoughts

EV Info

The task of balancing the grid and maintaining electrical frequency has grown dangerously the more reliant on wind power we have become – as demonstrated by the widespread power cuts of August 2019. The cost of grid management has soared to nearly £2billion a year in the last two decades. Frack, baby Frack.

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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. Their suffering has led some to call for a change in strategy to “balance” the market and boost prices. In inflation adjusted terms, Russian GDP in current prices, national currency would be below 2015 levels in 2020).

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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Glencore also admitted to bribery of officials in Brazil and Venezuela. In Venezuela, Glencore admitted to conspiring to secure improper business advantages by paying over $1.2 operated a global commodity trading business, which included trading in fuel oil. Between approximately January 2011 and August 2019, Glencore Ltd.

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UN: world population is expected to reach 9.7 billion in 2050 and could peak at nearly 11 billion around 2100

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The resulting changes in the size, composition and distribution of the world’s population have important consequences for achieving the Sustainable Development Goals (SDGs), the globally agreed targets for improving economic prosperity and social well-being while protecting the environment. The global fertility rate, which fell from 3.2

Asia 220