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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. With this kind of impending discrepancy between supply and demand, the industry needs to start looking for new sources of oil, and quickly. by Haley Zaremba for Oilprice.com.

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Opinion: Expect A Wave Of Consolidation In The Oil Industry

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This also demonstrates how the OPEC strategy of maintaining an oil price ceiling is affecting US E&P companies, forcing a consolidation which I believe will be unprecedented in size and scope. State run oil companies don’t do this very well and usually fail to adjust to price movements while free market capital-based societies do.

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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased. Because ethanol production increased smoothly during the sample period, statistical analysis with this variable is fraught with danger.

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Oil Jobs Lost: 250,000 And Counting; Texas Likely To See Massive Layoffs Soon

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an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps. “I Still, upstream E&P companies are also being substantially squeezed by another plunge in oil prices. According to Graves & Co.,

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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The China policy response to assist the commercial-vehicle industry has been broad, with a variety of direct and indirect supports announced, locally and nationally. The local industry is already recovering, with commercial vehicle plants re-opened.

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

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit. The growth is slightly under the five-year average of 1.7% recorded in 2013-2017.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. Live by Energy….

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