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

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On each and every front— technology, geopolitics, the economy— potentially game-changing developments are taking place. Demand from non-OECD economies is forecast to overtake that in the OECD as early as 2014. Product trade may grow in both volume and scope, however. 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 oil analyst cited in this article, who has tracked oil companies’ budgets for many years, estimates that Aramco and its Kuwaiti and UAE counterparts will increase their investment in oil exploration and production in 2015 by 4.5 percent to $38.1

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One Way to Stop the Social Spread of Disinformation

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What’s more, he says, studies have shown that the current ad-driven business model provides a poor user experience and isn’t that effective in selling products. It’s a fake economy with no value for anyone but data brokers, he says. He ended up as a refugee in Madrid.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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He argued that rapidly growing production outside OPEC made the existing status quo unviable, and that lower prices in the short term would increase prices in the longer term through reduced investment and ultimately benefit all OPEC members. Saudi Arabia increased production by 6.8 million barrels per day in June. percent in 2016.

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

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Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. EIA said that US production will fall by 1 million barrels per day over the next year and that, “expected crude oil production declines from May 2015 through mid-2016 are largely attributable to unattractive economic returns.”.

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