Archives for June 2018
BP: Global coal market share unchanged in 20 years
Rising global coal consumption and carbon emissions in 2017 potentially worsened the rate of climate change after a few prior years of progress, British energy major BP said in its annual statistical review of world...
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Permian will outpace all OPEC nations except Saudis
Oil production from West Texas’ booming Permian Basin will more than double from 2017 to 2023, soon surpassing the crude oil volumes of every OPEC nation except Saudi Arabia, according to a new report from...
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Saudis: Deal to gradually boost OPEC output 'inevitable'
Saudi Arabia’s oil minister said it’s “inevitable” that OPEC and its allies will agree to boost oil output gradually, giving the most definitive signal yet that the cartel will alleviate high prices for consumers. Source:...
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Crude, gasoline stockpiles dive
Crude oil and gasoline stockpiles fell sharply last week, reversing the large inventory build during the previous week. Source: FuelFix
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Venezuela, Iran oil output could slump by almost one-third, says IEA
OPEC members Iran and Venezuela could lose almost 30 percent of their oil output next year due to U.S. sanctions and economic upheaval, requiring extra supplies from the group’s Gulf members. Source: FuelFix
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