Russia

Cal on February 14th, 2018

Russia is sending its highest quality crude oil to China in its battle for market share on the prized Asian market. As a result, European petroleum refiners are being left with lower-quality imports from Russia and are now reviewing how much Russian crude they would buy and at what price. The quality of Russia’s Urals […]

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Cal on February 9th, 2018

CNBC tells about the race between China, Russia and the US to control the Arctic, including its oil and gas resources. Meanwhile, The Diplomat writes about the geopolitics behind Asia’s energy future. See also How soaring U.S. oil exports to China are transforming the global oil game. The US Energy Information Administration says that country is on […]

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Cal on February 6th, 2018

According to US Energy Information Administration estimates, US crude oil  production broke through 10 million barrels per day last week and is on its way toward setting an all-time US production record. Investment banker Goldman Sachs sees crude oil prices reaching $80 a barrel in the next six months while others are talking about prices […]

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Cal on January 25th, 2018

This post focuses on some of the latest natural gas developments in the transportation sector.   DNV GL in its Maritime Forecast to 2050 predicts that by 2050 only 47% of energy for shipping will be from oil-based fuels (eg. diesel). The share of natural gas in the fuel mix will rise to 32%. The report states: […]

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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 23rd, 2017

Saturn’s energy rich moon Titan   The markets for liquefied natural gas (LNG) will likely be oversupplied over the next few years according to Fitch rating agency. The agency observes that additional LNG capacity being commissioned in the United States, Australia and Russia is likely to result in depressed spot prices until demand catches up. The […]

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