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

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OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. The US also broke into the international crude trade, doubling export volumes and entering that top ten ranking. WTI, the US light crude, covers 60% of global growth.

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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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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

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

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OPEC’s 300,000-barrel-per-day output rise in June, boosted by fragile recoveries in Libya and Nigeria, and the unrelenting rise in Iran and the increase in Saudi Arabia, sends a strong message over its unwavering market share strategy. The sharp increase in OPEC’s June production affirms a continuation of its market share strategy.

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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. Market conditions, noted the EIS, not the operator of the pipeline, would determine the refining locations of the crude oil. refining capacity.

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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.

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

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A new study has unveiled the health, wealth and environmental benefits of the mass-market adoption of electric cars, suggesting that electric cars could account for a staggering 64 per cent of all car sales in the US by 2030. light-vehicle fleet by 2030. The study also attempts to quantify how the electrification of the U.S.