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

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Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A The defense spending for 2011, 2012, and 2013 draws on the Stockholm International Peace Research Institute ( SIPRI ) Military Expenditure Database Constant U.S. percent increase), based on Saudi Arabia’s conflict with Iran.

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One Way to Stop the Social Spread of Disinformation

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It’s a fake economy with no value for anyone but data brokers, he says. He worked in bookstores and then started a fashion business with his friends while planning his escape from Iran through Pakistan in 1982. To Alamouti, data is an asset like other types of financial and physical capital such as cash, stock, and real estate.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy. Given this environment, it is not surprising that the revenue elasticity of production is highly sensitive, and negative. Saudi Arabia increased production by 6.8 Their need for revenue is intensifying rather than moderating.

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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

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This is part of overall weak demand in a global economy that has been severely weakened by debt. With Iran poised in early 2016 to add almost as much oil as the amount of the US production decline to date, the outlook for tight oil producers could not be worse. percent in September 2014 to 1.2 percent in August 2015. Conclusions.

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