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

Green Car Congress

OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. 2018 recorded an overall growth in oil production of 2.5 The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide.

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Opinion: How Much Longer Can OPEC Hold Out?

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However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Venezuela’s Woes. Source: opec.org). Nigeria’s dilemma.

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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 If the situation persists, the case for a return to some kind of production cap may gain traction. million b/d in June in order to meet domestic demand.

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Opinion: The Saudi Oil Price War Is Backfiring

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With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high since last year in order to drive other players (especially US shale drillers) out of business.

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Brookhaven team identifies active sites on catalysts for converting CO2 to methanol

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The hydrogenation of carbon dioxide is a key step in the production of methanol; catalysts made from copper (Cu) and zinc oxide (ZnO) on alumina supports are often used. An essential tool for this next step will be Brookhaven’s National Synchrotron Light Source II (NSLS-II), another Office of Science User Facility.

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Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. A state-controlled entity can do whatever it wants including shutting in production to manipulate prices without fear of prosecution. production declines.

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Mad Power thoughts

EV Info

Wind can indeed be light everywhere and the grid still needs vast extra investment to transfer wind power from northern Scotland to southern England. As for batteries,it would take billions of pounds to build ones that could keep the lights on for a few hours let alone a week. . Energy Solutions. Gas is the only answer.

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