South America

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 January 11th, 2018

Amid the strife, turmoil and corruption in Venezuela, its oil production has sunk to a 28 years low, to levels not seen since 1989. This in a world of increasing oil demand. Torbjorn Kjus, oil market analyst with Norway’s DNB Bank, said: “The Venezuelan economy could collapse at any moment. We could envisage scenarios spanning from outright […]

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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 21st, 2017

The World Bank will no longer finance upstream oil and gas projects after 2019. The move all but eliminates the World Bank’s support for fossil fuels. The bank has not supported coal projects since 2010. France announced it will ban all crude oil and natural gas development as of 2040.  The ban will apply to the […]

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Cal on December 20th, 2017

Tom Whipple gives us his observations about where crude oil prices may go as we turn the corner into a new year: “The key issues for 2018 will be how fast US shale oil production grows and whether OPEC and its associates can adhere to its production cut agreement for the next 12 months and […]

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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 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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