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Cal on January 8th, 2018

The most significant development for world crude oil prices is the lack of investment in conventional oil which constitutes about 90% of the world’s oil supply.  Multiple voices are warning about the lack of investment in the energy sector. The International Energy Agency reports that last year energy companies approved the lowest number of new […]

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Cal on January 3rd, 2018

The United Nation reports almost one half of the world’s population lives in countries with below replacement fertility, i.e. with a total fertility rate below 2.1 births per woman. The world population is currently 7.6 billion people. This figure is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and surpass 11.2 billion in 2100. […]

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Cal on December 27th, 2017

OILPRICE looks at The Top 8 Unknowns In 2018’s Energy Markets Last week, investment banker Goldman Sachs suggested that the global crude oil surplus could come to an end much sooner than expected forcing OPEC to end the production cap sometime around mid-year 2018. Bank analyst Jeffrey Currie said: “Global inventories will have re-balanced by mid-2018, leading […]

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Cal on December 15th, 2017

  The world’s first solar-powered train goes into service this weekend, with a 3 kilometer route in the state of New South Wales, Australia. Operated by the Byron Bay Railroad Company, the train is designed to be powered fully by solar panels and electric motors. The train was retrofit from a classic passenger train which used to […]

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Cal on December 8th, 2017

A new solar energy project in the US state of California will be using the Sun to help extract crude oil. What will be the state’s largest solar plant, located near Bakersfield, Belridge Solar will generate steam to inject into the ground to help extract the oil. Solar power will create 850 megawatts (MW) of thermal energy to produce 12 […]

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Cal on November 7th, 2017

Saudi Arabia has started the process to build 17.6 gigawatts of nuclear electricity generating capacity by 2032, the equivalent of about 17 reactors, making it one of the biggest prospects for an industry struggling after the 2011 nuclear disaster in Japan. The Saudis want to reduce the amount of crude oil they burn domestically for generate […]

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Cal on October 31st, 2017

The International Energy Agency said crude oil demand in Southeast Asia will expand to around 6.6 million barrels per day by 2040 from 4.7 million b/d now, with the number of road vehicles increasing by two-thirds to around 62 million. The demand is fueled by rising population growth coupled with regulations limiting domestic production of oil, natural […]

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Cal on October 24th, 2017

Global crude oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to energy consultant Wood Mackenzie. Oil consumption will keep expanding until at least 2035 as the petrochemical industry, which provides the […]

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