Oil

Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on October 13th, 2017

More and more commentators are beginning to question whether the seemingly endless production of US shale oil can continue to put a limit on OPEC’s ability to increase the world price of oil.  Since the slump in world oil prices a couple of years ago, the production of shale oil in the US is certainly […]

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Cal on October 4th, 2017

HIS Markit says the Permian basin in the US state of Texas holds 60 to 70 billion barrels of shale oil. This is said to be worth $3.3 trillion and could supply every US refinery with crude oil for the next 12 years. These figures are at odds with much lower estimates by the US Energy […]

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Cal on October 2nd, 2017

The government of Singapore announced it intends to install solar panels across all new Housing Development Board blocks. The South Asian Republic receives an average annual solar irradiance of 1,580 kilowatts per metre squared per hour, and up to 50% more solar radiation than other temperate countries. Using photovoltaic cells, solar power is likely to be the […]

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Cal on September 21st, 2017

The US Energy Information Administration projects world energy consumption will increase by 28% between 2015 and 2040. Over that period coal demand will remain flat while renewable energy will be the world’s fastest-growing energy source. Nuclear energy is expected to be the second fastest-growing source. China and India will account for more than 60% of the world’s […]

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Cal on September 13th, 2017

Hurricane Harvey appears to be the most destructive event for cars in the history of the US. Based on early estimates floodwaters destroyed hundreds of thousands of vehicles causing US auto companies to bump up production beyond their original plans for this year. Ethylene is one of the most important petrochemicals on the planet and much […]

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Cal on September 9th, 2017

    International consultancy company DNV GL projects natural gas will become the world’s largest single source of energy after 2034. DNV GL predicts that global demand for energy will flatten in 2030, then steadily decline over the next two decades, thanks to steep changes in energy efficiency. Fossil fuel’s share of the world’s primary energy mix […]

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Cal on August 28th, 2017

Energy consultancy Wood Mackenzie says that until 2035 crude oil will remain the most high-demand fuel source in the world, closely followed by coal and natural gas. Nuclear power, meanwhile, will remain a key mid-level energy source.  Growing industrial demand from the Asia-Pacific region is likely to see oil sustained as the top energy source. China’s total […]

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