oil Archive

chinaChina has an increasing dependence on oil imports

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China’s apparent oil demand is expected to rise 4.6% year on year to hit 600 million mt (12.05 million b/d) in 2018, with net crude imports to increase 7.7% to 451 million mt, according to a report released Tuesday by …

economic impactUS crude oil production passing 11 million barrels per day in 2019 and all liquids could 17.5 million bpd

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EIA (Energy Information Administration) forecasts total U.S. crude oil production to average 10.3 million b/d in 2018, up 1.0 million b/d from 2017. If achieved, forecast 2018 production would be the highest annual average on record, surpassing the previous record …

energyUS crude oil production could be more than Saudi Arabia in January

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The Dec 8, 2017 weekly EIA oil production report was that US production was at 9.78 million barrels per day. The US may end December with 9.9 million barrels per day. Rystad Energy’s comprehensive well data for the United States …

bakkenNorth Dakota Bakken oil production jumped over 10% in October, 2017

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North Dakota Bakken oil production jumped over 10% in October to 35 million barrels in the month which is up from 31.6 million in September. This puts its just short of previous production peaks in 2015. Rystad Energy’s comprehensive well …

economic impactOil pricing information available for free instead of $30,000 to $50,000 per year

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18 months of effort has been enabled Oilprice.com to fulfill its name with free oil pricing information which would normally cost $30,000 to $50,000 per year. The only place to obtain a fairly complete set of current oil price data …

blockchainTech Breakthrough Could Transform The Oil Sector

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As Saudi Arabia spins from crisis to crisis, U.S. oil hasn’t missed a beat. It’s stronger and more resilient than ever– and it has nothing to do with OPEC oil production cuts. In this war, U.S. oil wins, and the …

economic impactOpec forecasts what they hope happens through 2040

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OPEC has a forecast where oil usages is not severely impacted by electric cars and fuel efficiency only doubles and where renewables grow but they just slow the growth of oil and gas. OPEC expects US Shale oil production to …

energyOPEC predicts strong US oil shale and Bloomberg sees temporary oil price increases

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North American oil shale output will soar to 7.5 million barrels a day in 2021 according to OPECs World Oil Outlook report on Tuesday. This forecast is 56 percent higher than OPEC forecast a year ago. Bloomberg sees a lag …

energyStanford developing greeners ways to extract oil and to sequester CO2

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Stanford Earth researchers are developing greener ways of extracting the oil and mitigating the resulting greenhouse gases. Ad hoc devices, which Almajid and his colleagues painstakingly craft and assemble by hand, are designed to force pressurized oil, water or gas …

financeMasayoshi’s Singularity Funds and Lisa Simpsons Blackhole

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Saudi Arabia ($45 billion) and Abu Dhabi (Mubadala, $15 billion) have invested a total of $60 billion of their oil generated funds info Softbank Masayoshi Son’s Vision Fund. Masayoshi has been selling the fund as investments that will take advantage …