OPEC 2015 World Oil Outlook sees oil at $95 a barrel in 2040 lweb.es/f743
OEF REVIEW:“Hydraulic fracturing remains a highly contentious public policy issue because of concerns about the environmental and health effects of its use. This Critical Issue Paper is written as a primer for the general public, journalists, and even resource professionals who may have difficulty finding objective, credible information about hydraulic fracturing of shales and other unconventional sources and related environmental concerns.
OEF REVIEW:“The energy markets are tanking and are at levels that have not been seen since “The Recession” of 2009. Opinions are divided on the effects of the fall. Some say it is good for consumers, whereas, others say it is bad for the global economy. This article will analyze the overall effects of low crude oil prices on the industry, the major oil-producing nations, consumers and the overall global economy.
OEF REVIEW:“If there is a war confronting Iran and Saudi Arabia, oil could overnight go to above $250, but decline [back] down to the $100 level,” (…) “If they attack each other’s loading facilities, then we could see oil spike to over $500 and stay around there for some time depending on the extent of the damage.”
OEF REVIEW:Oil prices crashed 6 percent on Friday to close below $30 a barrel for the first time in 12 years, resuming this year’s breathtaking rout as Chinese stock markets fell further and traders braced for an imminent rise in Iran’s exports.
OEF REVIEW:A potential initial public offering is under review for Saudi Arabian Oil Co., also known as Aramco, Mohammed bin Salman, the kingdom’s deputy crown prince, said in an interview with The Economist. A decision will probably be taken in the next few months, he said, without giving further details. “Personally I’m enthusiastic about this step,” Salman said. “I believe it is in the interest of the Saudi market, and it is in the interest of Aramco” by helping to promote transparency and counter corruption, he said. “This is an epochal change in the oil industry,” said Bob McNally, founder of Washington-based consultant The Rapidan Group and a former senior White House official. “Saudi Arabia is getting ready to ride the oil-price roller-coaster, not control it.”
OEF REVIEW:The oil tanker that left the Port of Corpus Christi, Texas, late last week is the bearer of the first freely traded U.S. crude in about four decades – made possible by congressional legislation that President Obama signed to end a 1970s-era ban on exports. It’s a new day indeed.
OEF REVIEW:The International Energy Agency’s Monthly Oil Report provides an overall view of the state of the international petroleum market and projections for oil supply and demand 12-18 months ahead. These are the IEA’s highlights of the current report.
OEF REVIEW:The BP Group’s Chief Economist, Spencer Dale, considers the following questions in his very enlightening paper: What should we make of the shale revolution?, How will the rebalancing of the Chinese economy affect demand?, What are the implications of the dramatic fall in oil prices over the past year or so?
OEF REVIEW:Russian president Vladimir Putin met with Saudi Defense Minister in Sochi on October 11th, while Russian Foreign Minister Sergei Lavrov was holding a meeting with his Saudi counterpart. The parties discussed Syria and agreed upon the necessity to prevent the creation of a terrorist caliphate. The levers of a hypothetical Russian-Saudi deal would be: a rise in oil prices, possibly accompanied by Saudi arms purchases, and on the Russian side, the guarantee that Assad will leave after a transition period, along with some kind of a Saudi “right of scrutiny” on Russian arms sales to Iran.
OEF REVIEW:The International Energy Agency (IEA) considers that South East Asia is moving to the center of the global energy area and is a key pillar for Asia’s growth. This report covers the prospects for energy demand and fossil-fuel supply, as well as priorities for policy makers. There is a special chapter concentrating on Malaysia
OEF REVIEW:The world’s largest independent refiner, Valero Energy, which has 15 petroleum refineries with a combined throughput capacity of approximately 2.9 million barrels a day, plus 11 ethanol plants and a wind farm, presented its second quarter 2015 business update: – Earnings per share from continuing operations of $2.66 versus $1.22 in the second quarter of 2014. – Refineries operated at 96% throughput capacity utilization. – Advances made in capital investments designed to increase the company’s ability to access and process more North American crude oil.