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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. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said.

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

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OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

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

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Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 —Eklavya Gupte, senior editor for S&P Global Platts. million b/d production capacity, but in early July Libya’s National Oil Corp.

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This Lockheed Martin Researcher’s Work on UAVs Saves Lives

Cars That Think

He also contributed to algorithms enabling autonomous undersea vehicles to inspect offshore oil and gas platforms after hurricanes so that divers don’t have to. As part of the job, in Oghara, Nigeria, then a small fishing village along the Niger River, he collected fares and directed passengers on and off the bus.

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