oil production – Thinking Port

4 Countries Could Account for Most Near-Term Petroleum Liquids Supply Growth

March 23, 2024 admin Brazil, Canada, Fossil Fuels, guyana, Oil, oil production, opec, US, us oil

Credit to Author: US Energy Information Administration| Date: Thu, 21 Mar 2024 03:00:47 +0000

In 2023, the world produced an estimated 101.8 million barrels per day (b/d) of petroleum and other liquids: mostly crude oil but also lease condensate, natural gas liquids, biofuels, and other liquids from hydrocarbon sources. We expect the global petroleum and other liquids supply to increase by about 0.4 million … [continued]

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CleanTech Energy News Science

Aramco CEO Blasts Energy Transition “Fantasy” At CERAWeek 2024

March 22, 2024 admin amin nasser, aramco, cebaweek 2024, clean power, Fossil Fuels, iea, international energy agency (iea), jennifer granholm, methane gas, natural gas, Oil, oil demand, oil production, opec, policy & politics, saudi aramco

Credit to Author: Steve Hanley| Date: Wed, 20 Mar 2024 06:24:15 +0000

CERAWeek 2024 featured an address by Aramco CEO Amin Nasser in which he called a transition away from fossil fuels “a fantasy.”:

The post Aramco CEO Blasts Energy Transition “Fantasy” At CERAWeek 2024 appeared first on CleanTechnica.

CleanTech Energy News Science

More Productive Wells Spur U.S. Crude Oil Production Higher

March 10, 2024 admin Fossil Fuels, Oil, oil production, US, us oil

Credit to Author: US Energy Information Administration| Date: Thu, 07 Mar 2024 13:02:49 +0000

U.S. crude oil production averaged 13.3 million barrels per day (b/d) in December 2023, following sustained productivity increases at new … [continued]

The post More Productive Wells Spur U.S. Crude Oil Production Higher appeared first on CleanTechnica.

Inquirer News Philippines

OPEC extends oil production cuts amid weaker demand outlook

July 1, 2019 admin Latest News Stories, Oil, oil production, opec, petro, Saudi Arabia, Strait of Hormuz, World, World News

Credit to Author: ggaviola| Date: Mon, 01 Jul 2019 22:51:59 +0000

VIENNA – OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand.

The post OPEC extends oil production cuts amid weaker demand outlook appeared first on Inquirer News.

News Tempo

Global oil prices raising inflation fears

April 11, 2019 admin Editorial, global oil prices, income tax rates, middle east, Middle East countries, oil production, opinión, Petroleum

Credit to Author: Tempo Desk| Date: Thu, 11 Apr 2019 16:30:05 +0000

WHEN market prices started rising last year, critics blamed the administration’s Tax Reform for Acceleration and Inclusion Act (TRAIN) which, while lowering personal income tax rates, imposed a tariff of R2 per liter on diesel and other fuel imports where there had been none before. The new tariff raised the cost of diesel, thus […]