Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. a barrel above the Dubai/Oman average , used for pricing oil to Asia.

Global Gas Prices | Hybrid Sales

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sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely. prices at the pump. Since then we’ve seen the price dip below $34/barrel (12/08) and most recently it has traded in the $70 to $80 range. Low gas prices encourage less fuel efficient vehicles. World Gas Prices By Country (converted to U.S.

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Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel.

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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas. The portions of these resources that become economically recoverable in the future will depend on crude oil and natural gas market prices, as well as the capital and operating costs and productivity within the countries.

Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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This results in continuously increasing prices and unreliable availability for the corresponding plasticizer. Oxea is owned by Oman Oil Company S.A.O.C. Oxea is expanding its phthalate-free plasticizer portfolio with the introduction of Oxsoft L9 (linear trinonyltrimellitate).

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

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In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. They have raised prices on transportation fuel; three have increased prices on electricity and water in citizens’ homes; and electricity and water subsidies for businesses have been reduced in five of the six monarchies, the brief noted.

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MHTL to partner with G2X, negotiate methanol offtake agreement from G2X methanol-to-gasoline plant

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The facility will be constructed by the Proman Group under a fixed price EPC contract. The company has built five world-scale plants in Trinidad and Oman similar in design to the Big Lake Fuels plant. G2X Energy, Inc. and Methanol Holdings Trinidad Limited (MHTL) announced that MHTL intends to partner with G2X Energy to construct the world-scale methanol-to-gasoline (MTG)-ready, methanol production facility being developed by G2X Energy in Lake Charles, Louisiana. Earlier post.).

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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million tons per year) has already been sold for 15 years under oil-linked price contracts, mostly directed to third-party consortiums of Taiwanese and Japanese buyers including INPEX. The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. Location of the Ichthys project. Source: INPEX. Click to enlarge.