OPEC

Cal on December 5th, 2017

A study by McKinsey Global Institute projects up to 800 million global workers will lose their jobs to robotic automation by 2030. The study of 46 countries and 800 occupations found that up to one-fifth of the global work force will be affected. Machine operators and food workers will be hit hardest. Wealthy countries like the US and Germany […]

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Cal on November 18th, 2017

  The world’s first hybrid electric tram, using hydrogen as its main power source, is now operating on a 136-year-old railway in the Chinese city of Tangshan. It will be operating in more cities in China as well as abroad. Having three carriages with 66 seats, the tram can run for 40 kilometers at a maximum speed […]

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Cal on July 20th, 2017

Researchers at Tokyo Institute of Technology have devised a low-cost, scalable approach to developing all-solid-state batteries, improving prospects for scaling up the technology for widespread use in electric vehicles, communications and other industrial applications. Described in a paper in the journal Chemistry of Materials, the approach involves substituting germanium in the solid electrolyte for two […]

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Cal on June 21st, 2017

The International Energy Agency foresees the global oversupply of crude oil continuing through 2018. The driver is US shale oil production which will grow by 430,000 barrels per day this year and 780,000 next year. Total non-OPEC production including the US is forecast to grow by 1.5 million b/d next year. With global inventories currently […]

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Cal on June 9th, 2017

  Earlier this month Swiss company Climeworks began operating the world’s first carbon capture plant—a machine designed to remove carbon dioxide from the atmosphere. The company hopes to capture 1% of the global carbon dioxide produced by burning fossil fuels by 2025. The company estimates that the plant will remove some 900 tons of CO2 from the atmosphere every year. Located […]

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Cal on June 3rd, 2017

Oilprice makes the case that China, not OPEC, now sets the level of world oil prices. OPEC is working hard to try to keep world crude oil prices high as their members need the oil revenues to finance the increasing demands on government expenditures. But China is the largest crude oil importer in the world and […]

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Cal on May 28th, 2017

The world’s largest oil producers agreed this week to continue to hold back oil production for another nine months in a bid to raise sluggish world crude oil prices. The deal was agreed between members OPEC and non-OPEC producers including Russia. The participants said they would continue to make cuts of 1.8 million barrels of crude oil a day until March […]

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Cal on April 19th, 2017

    China continues to increase its electricity generation from coal, which was up 7% year over year in the first quarter. As domestic coal production only increased by 4% during this quarter, the result is a surge in demand for imported coal which is expected to be 30 million tons higher this year than last year. […]

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