Russia

Cal on March 26th, 2017

The US Energy Information Agency (EIA) forecasts US shale oil production will rise by some 300,000 barrels per day this year and another 500,000 b/d in 2018. Industry sources talk about increased efficiency and production gains, suggesting to many that the EIA’s forecast is conservative and that the US shale oil production increase may be higher. […]

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Cal on January 31st, 2017

Last week BP released its annual Energy Outlook report that surveys the prospects for the oil industry in the coming decades. The energy company sees the demand for energy growing into the 2040s but that the demand for crude oil will slow because of more efficient means of consumption and the increasing use of renewable and […]

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Cal on January 10th, 2017

Russia recently announced that its crude oil production was now 11.21 million barrels per day and that this will serve as the basis for its 300,000 b/d production cut. This is the highest Russian oil production has been in 30 years and is 370,000 b/d higher than in July when Moscow first started talking about cutting […]

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Cal on December 28th, 2016

Russia supplied a third of Europe’s natural gas needs in 2016, a record amount despite tensions with the European Union and a desire by the EU to reduce its dependence on Russian supplies.  In 2015, Russia supplied 31% of European gas supplies. The EU imports around 50% of its natural gas needs, but it has become increasingly concerned about Gazprom’s role as […]

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Cal on December 25th, 2016

India could get almost 60% of its electricity from non-fossil fuel sources in ten years. The country’s 10-year energy blueprint expects that 57% of the country total electricity capacity will come from non-fossil fuel sources by 2027 . No new coal-fired power plants would be needed to meet this goal. About 240 million people in the country have no […]

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Cal on December 12th, 2016

OPEC and non-OPEC crude oil exporters have agreed to an additional 562,000 barrels per day of non-OPEC production cut in addition to the 1.2 million b/d cut that OPEC agreed on last week. At the meeting, Mexico pledged to cut 100,000 b/d, Azerbaijan 35,000 b/d, Oman 40,000 b/d, and Kazakhstan 20,000 b/d. Some analysts expressed doubt […]

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Cal on December 6th, 2016

Here is oil observer Tom Whipple’s take on the OPEC agreement this past week to cut back crude oil production in an effort to raise world oil prices: The total cut by OPEC members is supposed to be 1.2 million barrels per day (b/d) to which a non-OPEC cut of 600,000 b/d, including Russia’s 300,000 b/d, […]

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Cal on December 3rd, 2016

Scientists from the UK’s University of Bristol have developed a lab-made nuclear diamond that can generate electricity and is made from radioactive waste. The diamond battery has an incredible lifetime, and will only be half used up by the year 7746.  As most people know, a severe downside of the nuclear fission process is the creation of dangerous radioactive waste, which […]

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