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This Week in Petroleum: U.S. crude oil exports continued to grow in the first half of 2019

In the first half of 2019, U.S. exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. U.S. crude oil exports to Asia grew significantly in the first half of 2019, up 472,000 b/d (58%) compared with the same period in 2 ...

Hui Shan


Posted 2 months agoLink > CanadaChinaCrude oil +4

EIA projects that renewables will provide nearly half of world electricity by 2050

Resource availability, renewable policies, regional load growth, and declining technology costs drive EIA's projected increase in global electricity generation from solar technologies. EIA projects that China is the country that will see the most growth in solar generation because of its growing ...

Hui Shan


Posted 2 months agoLink > generationInternationalIEO +6

The Delicate Problem With Guyana’s Oil Riches

Just 4 years after first oil was struck in the South American nation of Guyana, which turned the sleepy former British colony into a hotbed of upstream activity, new discoveries are still piling up, seemingly on a monthly basis. Having been the power behind exploration in Guyana, ExxonMobil is no ...

Hui Shan


Posted 2 months agoLink > GuyanaExxonMobilStaebroek +2

August non-OPEC unplanned oil production outages fell to lowest level since at least 2011

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 2 months agoLink > Productionsupplyoutages +4

Five Fifty: Slow burn

McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. By using this Site or click ...

Hui Shan


Posted 2 months agoLink

EIA projects global energy-related CO2 emissions will increase through 2050

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 2 months agoLink

Your Weekly Update: 23 - 27 September 2019

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 2 months agoLink > Oiloil and gas newsOil and Gas Industry +7

A Changing of Guard in The Saudi Kingdom

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 2 months agoLink > Crown Prince of Saudi ArabiaPrince SalmanKhalid Al-Falih +4

EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

World industrial sector energy use increases by more than 30% between 2018 and 2050 as consumption of goods increases. This increase is largely driven by non-OECD countries, where transportation energy consumption increases nearly 80% between 2018 and 2050. Worldwide renewable energy consumption ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandIEO +2

Home of oil and gas licensing round

Determined to attract investment and increase exploration activities in their oil and gas sectors, South Sudan, Equatorial Guinea and Gabon will continue their bidding round efforts at the flagship Africa Oil & Power (AOP) conference and exhibition on October 9 – 11 at the CTICC 1 in Cape Town, So ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoLink > Licencing RoundGabonSouth Sudan +5

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 2 months agoLink > pricesInternationalGasoline +6

Your Weekly Update: 16 - 20 September 2019

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 2 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Financial Review: Second-Quarter 2019

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 2 months agoLink

Opinion: The Energy to Make it Work | Petroleum Africa

BY: Guillaume Doane, CEO and Co-Founder of Africa Oil & PowerTHE AOP 2019 Conference in Cape Town in October will bring together African policymakers, energy sector companies leaders and analysts. In 2015, we launched Africa Oil & Power as a platform to support the efforts of African governments ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoLink > South AfricaKenyaGabon +7

Kaboom in World Oil Supply!

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 2 months agoLink > KSASaudi ArabiaTrump +6
Last fetch 12/7/2019 10:48:59 PM