US Oil Reserves: Four ScenariosChris Geerlings
The crude oil prices rebounded from losses on Tuesday, as the market applauded the news that stocks of crude oil in USA fell for the first time in two months. The investors are now waiting for a weekly report from the Energy Information Administration (EIA) for the US crude oil reserves....
Oil and gas from federal reserves in western states and the Gulf of Mexico make up about a quarter of U.S. production. Lease sales to companies for drilling have been a frequent target of lawsuits from environmentalists who contend officials have ignored the oil and gas program's...
oil production would bring the global supply closer to the demand for oil. However, the U.S. is such a small player on the international oil scene — America controls only 4 percent of the world's oil reserves— that even if the U.S. doubled its current production capacity, it still ...
“The US increased its proved reserves of oil and natural gas, establishing new records in 2018 according to a recently released EIA report”, EIA Administrator Linda Capuano said in a statement. “Crude oil and lease condensate increased by 12% from 2017, and natural ...
ConocoPhillips is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.
Following news that the Federal Reserve is still planning to cut interest rates this year, the price of crude oil rose because it boosted risk appetite and put pressure on the US dollar. After experiencing its biggest decline in nearly a month on Wednesday, oil rose to around $87 per ...
“Send signals with respect to the energy transition (renewable energy, coal/oil/gas), carbon sinks including forests, non-CO2 gases [sic] including methane, and low-carbon technologies”’; and “Note the expectation of the developed countries that the $100b goal will be met in 2023, reaff...
(just like Libya, Lebanon, Syria, Iraq and Yemen), and triggering a domino scenario into the Arabian Peninsula. It would topple the pro-US Arab oil-producing regimes, undermine regional and global stability and economy and erode theUS economy and geo-strategic posture, while advancing the ...
WheatSoybeanSoyoilSoymealPalm OilCorporate Wilmar sees 3% increase in FFB output, better yields in 2H 2023 22 Feb 2024 |Regina Koh Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 202...