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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers. There will always be a need for additional production.

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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). Product trade may grow in both volume and scope, however.

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

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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 increase), based on Saudi Arabia’s conflict with Iran. per barrel (minus $5 production cost).

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Lotfi Zadeh and the Birth of Fuzzy Logic

Cars That Think

He was born in 1921 in Azerbaijan, then part of the Soviet Union, and moved to Iran at age 10. But instead of taking the comfortable route—becoming a professor in Iran—he emigrated to the United States. “I I could have stayed in Iran and become rich, but I felt that I could not do real scientific work there,” he told Spectrum.

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

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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. Production from an average shale well is a fraction of a deepwater well, for example, and output also suffers from dramatically steeper decline rates compared to offshore.

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One Way to Stop the Social Spread of Disinformation

Cars That Think

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. He worked in bookstores and then started a fashion business with his friends while planning his escape from Iran through Pakistan in 1982. 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.