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Opinion: How Much Longer Can OPEC Hold Out?

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OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. Venezuela’s Woes. by Gaurav Agnihotri for Oilprice.com. Source: opec.org). Iran Nuclear Deal: A warning sign for OPEC?

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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Venezuela acted as a check on the overall level though, as the crisis-hit country’s production continues to hit fresh lows. Analysts said these two decisions which were taken at the June meeting could lay the groundwork for future cooperation on bigger issues. —Eklavya Gupte, senior editor for S&P Global Platts.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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While production costs and refining costs for heavy oil exceed that for light oil, applying information technology solutions for decision-making has provided a significant increase in the margins and profits of operations, according to Chevron engineers in a paper presented on their system earlier this year. Kern River Field current stats.

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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

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The US portion of the pipeline would begin near Morgan, Montana at the international border of the United States and extend to delivery points in Nederland and Moore Junction, Texas. The top four suppliers were Mexico, Venezuela, Saudi Arabia, and Nigeria. There would also be a delivery point at Cushing, Oklahoma.

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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. Both Saudi Arabia and Russia paint positive portraits on current and future economic performance. in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing.

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Electric cars to account for 64 per cent of car sales by 2030

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‘Electric Cars in the United States: A New Model with Forecasts to 2030′ is authored by Thomas Becker, a Berkeley economist who specializes in international and environmental economics. light-vehicle fleet by 2030. lower on a per-mile basis than gasoline-powered cars, depending on the future price of oil.

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Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. This modest uptick in the rig count once again caused concern and prognostication on the future of oil prices. by David Yager for Oilprice.com. production declines.