Tag Archives: International Organizations

US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.

Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators. according to OPEC.

Basra Gas is a joint venture between Shell. South Gas Co.. Mitsubishi Corp. and the petrochemical project Nebras.

Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.

The CCUS Summit. held ahead of the IEA’s 2017 Ministerial Meeting. was co-chaired by Rick Perry. the United States Secretary of Energy and Dr Fatih Birol. the IEA Executive Director.

In its monthly forecast. the agency cut its oil demand growth estimate for 2017 by 40.000 bpd to 1.31 million bpd.

Since the Iraqi army took control of the fields in the oil-rich Kirkuk area in mid-October. reports of disruptions in oil flows have been a daily occurrence.

In developing countries. roughly 45 million cubic meters of water are lost daily with an economic value of over $3 billion per year.

OPEC noted that advances in internal combustion engines has also made them more efficient.

OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 about extending a global pact to curb oil production.