Tag: crude production

Energy Economics, News and Policies, U.S.

US will ‘reinforce its leadership’ as the world’s top crude producer in 2019, IEA says

January 18, 2019

Via: CNBC energy

The level of crude output from the U.S. will once again be a major factor this year, the International Energy Agency (IEA) said its closely-watched report on Friday, with the energy giant on track to reaffirm its position as the […]

Chemical, Conventional Fuels, News and Policies, State

North To Alaska! The Next Oil Boom

August 23, 2018

Via: Forbes

The media was all atwitter about the announcement that Alaska might be the next oil boom province, based on a new report from IHSMarkit which estimated that 28 billion barrels of recoverable resources remain in the Alaskan North Slope (where […]

Commercialization, Conventional Fuels

US sanctions on Iran could push oil prices above $90 a barrel by year-end, analyst says

August 6, 2018

Via: CNBC energy

U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one oil analyst told CNBC Monday, amid heightened energy market fears of a looming supply shock. “As we go more towards (the fourth quarter) … that’s […]

Commercialization, Conventional Fuels, News and Policies, World

Saudi Arabia proposes hiking oil output by 1 million barrels a day ahead of OPEC meeting

June 21, 2018

Via: CNBC energy

De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel and its allied partners to increase crude production by 1 million barrels per day (bpd) this week. Saudi Arabia’s Energy Minister Khalid al-Falih said Thursday that the world […]

Chemical, Conventional Fuels

US tight oil production moves up a gear

April 23, 2018

Via: Petroleum Economist

The Permian is leading America’s surging crude production, but there are warning signs in the data The wave of new American tight oil supply hitting the market continues to gather pace. Shale producers are expected to add another 125,000 barrels […]