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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. The threat of an outage will carry more weight as the oil market tightens. Iran probably won’t pose a supply risk to the market, at least not this year. by Nick Cunningham for Oilprice.com. bank Citi said.

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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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Debunking the "Electric Cars are evil due to Cobalt" argument!

Plug In India

According to Oil Change International (OCI), the two most widely known cases by the oil industry are when they committed genocide in the Niger Delta just to get the people off the land, so that they can extract the petroleum.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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Amin Nasser’s aim is to go beyond global oil markets. These technical challenges will need an increased amount of investments, which will be hard to come by in today’s market. With increased demand for crude oil and petroleum products still shown in all international assessments, the market will need to react.

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Comparative genomics study of industrial fungus seeks to better harness potential for biofuels applications

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Aspergillus niger, shown here with its DNA lit up in green, is a fungus that can be used on an industrial scale to produce enzymes or chemicals such as citric acid. As of 2007, the global market for citric acid was estimated to be approximately $1.2 niger is thus a well understood fungal fermentation process. Source: PNNL.

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Oil Prices Running Out Of Reasons To Rally

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At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. Iraq is committed to achieving producers’ joint goals to control the oil glut in world markets.”.