Tag: Global oil supply

Commercialization, Conventional Fuels

Opec’s 2019 dilemma

February 1, 2019

Via: Petroleum Economist

Bearish voices are loudest these days. Several big houses have downgraded their 2019 price forecasts: Goldman Sachs has gone from $70/bl to $62.50/bl, citing a surge in production, particularly from US shale. Opec may be less influential than it used […]

Energy Consumption, Global

Old Oil Fields Are A Major Source Of New Supply

March 13, 2018

Via: Forbes

The animated show South Park ran an episode in which Professor Chaos becomes frustrated trying to come up with an idea for mischief that hasn’t already been done by The Simpsons. “Simpons did it,” is the response to his every […]

Chemical, Conventional Fuels

IEA sees global oil market returning to surplus in early 2017

June 15, 2016

Via: Reuters

Global oil supply and demand appear to be balancing in 2016, after a series of unplanned production outages, but the market is expected to return to a surplus in the first half of next year, the International Energy Agency said […]