Tough Times Force OPEC Members to Close Ranks
Divisions within OPEC have eased as the dual threat of the global economic crisis, and climate change talks force oil producers to … Keep Reading
OPEC talks about production increases
The group president of OPEC has said those organization ministers will raise output to protect the global economic recovery at a meeting … Keep Reading
Comments by Jean Laherrère on “Squeezing More Oil From The Ground”, Scientific American
In the March 1998 issue of Scientific American Colin Campbell and Jean Laherrère published the classic article “The End of Cheap Oil”. … Keep Reading
Norway reduced the Barent Sea resource estimate
The Norwegian Petroleum Directorate (NPD) has cut its resource estimate for the Barents Sea by about 11%, it said today. The NPD … Keep Reading
Gazprom gives bleak outlook
Russian gas monopoly Gazprom believes global demand and its own gas production will be depressed by around 10% for the next 4-5 … Keep Reading
Global credit crunch hitting offshore rig operators
Offshore drilling companies are having a hard time expanding their fleets because the economic conditions have made new vessels harder to finance. … Keep Reading
Putin: Cheap gas era is over
The era of cheap gas is coming to an end, Russia’s Prime Minister Vladimir Putin has told ministers from the world’s major … Keep Reading
Saudi Prince: U.S. oil independence not applicable!
U.S. oil independence “is non-applicable” despite US President-elect Barack Obama’s assurances, said former Saudi Chief of Intelligence Prince Turki Al-Faisal Wednesday evening. … Keep Reading
IEA: Six New Saudi Arabias Required
The World Energy Outlook 2008 (WEO2008) was released last week, and it contains updated studies and forecast from the International Energy Agency … Keep Reading
The New Oil Reality
Washington Post has expanded its investigating reportage section, Oil Shock, and continued to dig deeper into the new oil reality and the … Keep Reading