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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

The US and other member states of the International Energy Agency (IA) agreed earlier in March to release 60 million barrels of oil reserves to compensate for supply disruptions following Russia’s invasion of Ukraine, with the US supplying 30 million. Test sales are relatively rare: the most recent test sale occurred in 2014.

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Can Autonomous Weapons Be Compatible With International Humanitarian Law?

Cars That Think

International Humanitarian Law (IHL) is the body of laws that govern international military conflicts, and they provide rules about how weapons should be used. All countries involved in the autonomous weapons systems (AWS) debate at the United Nations have stated that AWS must follow international law. Non-Military Use of AWS.

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GECF: more than a quarter of 2050 natural gas supply untapped

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The two-day Oil and Gas of Turkmenistan 2020 conference was organized by the Government of Turkmenistan and attracted the participation of regional and international energy companies, including CNPC, Dragon Oil, SOCAR, ENI, ARETI, Schlumberger, Hyundai, among others.

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

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If Saudi Aramco or QP are already experiencing production threats, the situation in other production regions, such as Nigeria, Libya or Mexico, could be even more dire. 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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IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

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The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 Renewed disruptions in Libya and smaller drops in Nigeria, Kuwait, the United Arab Emirates and Venezuela more than offset higher output in Iran, Iraq and Angola.

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Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

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Last Thursday, the Kurdistan Regional Government said it had been forced to boost the sale of its own crude to international markets last month because of a debt backlog triggered by federal government budget cuts, leaving less crude available for export from Ceyhan on behalf of Iraqi state oil marketer SOMO.

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IEA March Oil Market Report revises 2015 demand forecast upward

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mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. The Oil Market Report (OMR) is a monthly International Energy Agency publication which provides a view of the state of the international oil market and projections for oil supply and demand 12-18 months ahead. related product draws.

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