Tag: non-OPEC production

Commercialization, Conventional Fuels

Low Oil Prices Put Squeeze On Non-OPEC Producers

April 17, 2020

Via: Forbes

The OPEC+ ‘deal of the century’ last weekend changes oil market dynamics in the short run. The 10 million barrels per day (b/d) production cut from May is huge, amounting to 10% of global supply, and it’s needed. The cuts […]

Chemical, Conventional Fuels

The Curious Incident Of The Oil Supply That Didn’t Decline

March 20, 2019

Via: Forbes

Interestingly, there are still peak oil advocates who think that we’ve reached peak oil now, despite the fact that shale oil production is still growing, OPEC+ has about 1.5 mb/d of production shut-in due to weak prices, while Venezuela, Libya, […]