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Tag: oil


Commercialization, Conventional Fuels

We may not see $100 oil ‘for a long time,’ says Chevron CEO

January 23, 2020

Via: CNBC energy

Chevron CEO Michael Wirth told CNBC on Thursday that oil prices may not reach $100 for a “long time” thanks to the boom in U.S. shale production. “Oil markets have really changed over the last decade or so,” Wirth said […]


Chemical, Conventional Fuels, News and Policies, World

First Light Crude From Guyana Signals Start Of New Oil-Producing Region

January 23, 2020

Via: Forbes

As the tiny nation of Guyana sends off its first tanker full of crude, the world welcomes a newcomer to the ranks of high volume oil producers. With fresh discoveries this month off small nearby countries, this small stretch of […]


Commercialization, Conventional Fuels

The China Trade Deal Might Not Have Much Effect On The U.S. Oil Industry

January 17, 2020

Via: Forbes

The phase 1 trade deal with China has been signed at the White House and includes the Chinese promise to ‘strive’ to import $50 billion worth of oil and natural gas from the U.S. this year and next. Although that […]


Mainstream technologies, Renewable Energy

A Forecast For The Next Decade Of Alternative Energy

January 16, 2020

Via: Forbes

The 2020s will be a defining decade for alternative energy. Over the last decade, renewable energy costs dropped due to advancements in technology due to innovation and design, materials and manufacturing of wind turbines and solar panels. What will the […]


Chemical, Conventional Fuels

The Future of the Oil Company

January 14, 2020

Via: Energy Collective

When it comes to the future sustainability (excuse the pun) of oil companies, there are two trains of thought, one of which is that they should ‘stick to their knitting’ and just focus on what they are good at, which […]


Chemical, Conventional Fuels

The Oil And Gas Situation: In The Midst Of A Major Global Boom

January 13, 2020

Via: Forbes

Forty years ago, the conventional wisdom about oil was that we were running out of it and needed to find ways to conserve. Twenty years ago, it was faddish for people in the oil business to talk about the then-assumed […]


Commercialization, Conventional Fuels

Oil Markets Prove Resilient In Aftermath Of Iran Attacks – For Now

January 10, 2020

Via: Forbes

Markets responded positively to President Donald Trump’s January 8 address in the wake of Iranian rocket attacks against Iraqi bases housing US troops, with traders interpreting his overtures for peace and cooperation with the Islamic Republic as a sign of […]


Commercialization, Conventional Fuels

Oil prices will climb above $100 a barrel if Iran blocks the Strait of Hormuz, analysts predict

January 8, 2020

Via: CNBC energy

Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday. Elevated geopolitical tensions have sparked fears of a widening conflict in the Middle East, with energy market participants increasingly […]


Chemical, Conventional Fuels, News and Policies, U.S.

The Key Distinction Between U.S. Energy Independence And Energy Security

January 7, 2020

Via: Forbes

As crude prices react to escalating tensions between the United States and the Islamic Republic of Iran, now is an important time to understand the key distinction between energy “independence” and energy “security” as the terms apply to the U.S. […]


Commercialization, Conventional Fuels

Middle East Tension Will Bring More Oil Market Speculators And Yet More Barrels

January 6, 2020

Via: Forbes

In the small hours of Friday (January 2) morning, the global oil market got its first geopolitical jolt of 2020 after a U.S. airstrike in Iraq took out Qasem Soleimani, an Iranian General of the country’s Islamic Revolutionary Guard Corps, […]


Commercialization, Conventional Fuels, News and Policies, World

U.S.-Iranian Tensions Will Keep Oil Prices On The Boil

January 3, 2020

Via: Forbes

The U.S. killing of General Qassem Soleimani, head of Iran’s elite Quds force, will certainly see a response by the Iranian government and/or its Revolutionary Guards, and this will definitely keep oil prices higher, with Brent already approaching $70 and […]


Commercialization, Conventional Fuels

OPEC Faces Same Old Problem Of Oil Supply Glut From New Producers

December 30, 2019

Via: Forbes

Growth in U.S. oil production may have started to slow, but the Organization of the Petroleum Exporting Countries (OPEC) is sorely mistaken if it thinks it will soon be out of the supply-cut game. While U.S. shale has been overwhelmingly […]


Commercialization, Conventional Fuels

Oil Prices Face Double Whammy In 2020

December 30, 2019

Via: Forbes

Oil traders should look out below for the next 12 months. Next year, the energy market faces a double whammy of a supply glut and lackluster demand that could send prices for crude oil down more than 10% from current […]


Commercialization, Conventional Fuels

Oil turns negative ahead of US inventory data

December 27, 2019

Via: CNBC energy

Oil prices retreated from three-month highs on Friday, moving lower despite upbeat economic data from China and the United States and optimism over a trade deal between the two major economies. Brent crude futures shed 29 cents to trade at […]


Chemical, Conventional Fuels

ExxonMobil Announces ‘Transformative’ First Oil In Guyana

December 26, 2019

Via: Forbes

December 20th marks a historic milestone for Guyana, the small South American country that is soon to become the fastest growing economy in the Caribbean. Late in the evening, ExxonMobil and its partners announced that it had produced the first […]