Global oil prices hit a three-year high in September last year of $80 (Sh8,800) a barrel highlighting the lucrative business for Kenya’s oil. Tullow, however, says that more than 80 percent of Kenya’s estimate
If the rest of the world could keep production flat we would have seen it happen while oil prices were sitting comfortably at $100 per barrel. If high prices didn’t get the oil out of the rest of the world then how do you expect low prices to do it? Ron Patterson says: 02/04/20...
Just before the Vienna meeting, oil prices had gone up, with a barrel of OPEC crude selling for 27.05 dollars, up from 26.81 dollars last Friday. And north sea oil was at 29.26 dollars Monday evening. OPEC wanted the oil price to stay within a margin () of 22 to 28 dollars and ach...
In the last week, it has plunged to below $100 per barrel. The cuts announced by OPEC on Sept. 9 have created significant uncertainties in terms of the effective size of the production cuts involved and the likely impact on prices. Kazakhstan to tie up with Shell for Kashagan oil ...
Economically, the pyrolysis oil can replace diesel in terms of the engine performance and energy output on the condition that the cost or price at the point of usage is not more than 85% of conventional diesel oil [75] if crude oil prices are more than US$65 per barrel [5]. 5.3. ...
reports indicate the Kenyan government speculatively planned to charge Uganda US$12.60 to US$15.90 per barrel of oil transported through the northern route passing from Hoima to Lokichar and Lamu in Kenya. Using the Hoima to Tanga route, Uganda would be tentatively charged US$15.78 per barrel ...
1 barrel per day = 1.38E−06 m3/sec. 2.2. Estimation of potential increase in petroleum refinery emissions 2.2.1. Determining process modifications Two thermochemical process pathways can feasibly be used to produce raw bio-oil: fast pyrolysis [35] and hydrothermal liquefaction [36]. For this...
Iran’s full return to the global market will eventually add about a million barrels of oil a day, lowering oil prices by US$10 per barrel next year, according to the World Bank, which also expects economic growth in the country to surge to about 5% in...
Back to the real world of today I see escalating energy prices resulting in a consume less reality unfolding as we speak within the OECD - balanced by consume more in Asia Partypooperon March 9, 2008 - 8:58amPermalink|Parent|Comments top ...
With oil prices soaring above $100 a barrel, it’s like giant vaults of cash opened beneath the MonDak soil. One Sure-Fire Sign That Gas Prices are Heading Higher Economic forecasters - especially those employed by the government - have a spectacular history of getting little, if anything...