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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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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

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. percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field.

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

Green Car Congress

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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"Transmission Losses:" West African pirates

Plugs and Cars

West Africa's burgeoning oil industry has a pirate problem. Most were related to the oil industry. The US Africa Command, inaugurated in 2008, will undoubtedly play a major role to enable safe passage of this increasingly vital oil. By 2015 the region is expected to be supplying 25 percent of U.S. oil imports.

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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. It is often better to fly in lifesaving supplies instead of loading trucks with supplies to bring them along roads that might not be passable anymore,” Fregene says.

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