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Category: Commercialization


Commercialization, Conventional Fuels

OPEC sticks to its bullish oil demand forecast, but now sees more US output growth

December 13, 2017

Via: CNBC energy

OPEC forecasts strong global appetite for crude oil in 2018 but now sees output from the United States and elsewhere growing more than previously expected. The 14-member oil cartel’s latest read on supply and demand comes just two weeks after […]


Chemical, Commercialization, Conventional Fuels

How resilient has US shale become?

December 8, 2017

Via: Petroleum Economist

Genuine gains have been made, but the industry will need further technological breakthroughs to overcome the geology Discussions about the US shale industry’s resilience through the oil price downturn and swift recovery inevitably turn to drillers’ ability to innovate their […]


Commercialization, Conventional Fuels

Goldman Sachs raises 2018 oil price forecast

December 5, 2017

Via: CNBC energy

A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs. In a research note published late Monday, Goldman lifted its Brent price forecast for next year to $62 a […]


Commercialization, Conventional Fuels

Gas prices drop over 7 cents in two weeks

December 4, 2017

Via: CNBC energy

The average price of a gallon of regular-grade gasoline dropped 7 cents nationally over the past two weeks to $2.54. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the spike comes despite a jump in oil prices. […]


Commercialization, Conventional Fuels

Oil prices are spiking toward 2½-year highs after OPEC extends output cuts

December 1, 2017

Via: CNBC energy

Oil prices spiked higher on Friday, heading toward 2½-year highs the morning after two dozen crude-producing nations agreed to limit their output through the end of 2018. U.S. West Texas Intermediate crude prices rocketed up 98 cents per barrel, or […]


Commercialization, Conventional Fuels

Oil prices will probably sell off after a key meeting of big producers. Here’s why

November 28, 2017

Via: CNBC energy

Market watchers see few opportunities for oil prices to rally — but plenty of room for them to fall — after a critical meeting of energy ministers later this week. About two dozen oil exporters, including top producers Saudi Arabia […]


Commercialization, Conventional Fuels

World Energy Outlook: oil-price pressure

November 16, 2017

Via: Petroleum Economist

While crude demand will grow over the long-term, vast US reserves and lower cost production will keep a lid on prices, says the International Energy Agency The need to replace existing oil reserves, if nothing else, is likely to keep […]


Commercialization, Conventional Fuels

Oversupply has fundamentally changed the natural gas market — but it won’t last long

November 15, 2017

Via: CNBC energy

A global liquefied natural gas (LNG) supply glut may soon be offset by a rapid uptick in demand, Oil Search CEO Peter Botten said Wednesday. “The market has fundamentally changed in the past few years,” Botten said at the Abu […]


Commercialization, Conventional Fuels

OPEC sees tighter 2018 oil market as demand grows and supply falls

November 13, 2017

Via: CNBC energy

OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was reducing excess oil in storage, pointing to an even tighter global market next year. In a monthly report, the Organization […]


Commercialization, Conventional Fuels, News and Policies, World

Will The Security Premium Return To Oil?

November 6, 2017

Via: Forbes

When oil went from $20 to $40 then $60 after 2000, there were numerous explanations for the surge, especially given that there didn’t appear to be actual physical shortages of oil. Although many blamed speculators who are the “usual suspects,” […]


Commercialization, Conventional Fuels, News and Policies, World

OPEC must address these potential deal killers to sustain oil market’s ‘positive glow,’ analyst says

November 1, 2017

Via: CNBC energy

OPEC must tackle several unknowns ahead of its upcoming meeting if the oil market’s “positive glow” is to be sustained, Stephen Brennock, oil analyst at PVM Oil Associates, said Wednesday. The Organization of the Petroleum Exporting Countries is scheduled to […]


Commercialization, Conventional Fuels, News and Policies, World

If the price of oil goes up, the appetite for social and economic reform will go down: IMF

October 31, 2017

Via: CNBC energy

Changes abound in the Middle East and North Africa, but the pace of economic and social reforms needs to increase, according to one senior voice at the International Monetary Fund (IMF). Global growth will be 3.6 percent for the fiscal […]


Commercialization, Conventional Fuels

Financial Indicators Suggest Oil Market Is Close To Being In Balance

October 26, 2017

Via: Forbes

There are so many opinions on the date of oil market “rebalancing” that it is hard to remember that “balanced” is a very fuzzy concept. Does it mean production matches consumption, i.e., no change in inventories? Inventories that have reached […]


Commercialization, Conventional Fuels

Tight Oil’s Impact On Global Gas Markets

October 24, 2017

Via: Forbes

Cheap Henry Hub gas, more competitive US LNG The intensifying drilling up of the Permian Basin in Texas isn’t just delivering rapid growth in tight oil. There are huge volumes of gas too, the effects of which are rippling out […]


Commercialization, Conventional Fuels

OPEC chief says global oil demand will pass 100 million barrels per day by 2020

October 19, 2017

Via: CNBC energy

OPEC General Secretary Mohammad Barkindo said Thursday that oil markets are rebalancing at “an accelerating rate” and that he foresaw “no peak” for oil demand for “the considerable future.” Speaking at the Oil & Money conference in London, Barkindo said […]