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Archive for March, 2015

Quote – 30 Mar 2015

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“It’s disappointing that American Petroleum Institute continues to look for reasons not to engage in improving safety of oil transported by rail.” –Suzanne Emmerling, spokesperson for the Federal Department of Transportation

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Peak Oil Review – 30 Mar 2015

By on 30 Mar 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  Russia/Ukraine 4.  The Briefs 1. Oil and the Global Economy One of the most active weeks for oil futures in recent months began with prices climbing steadily for three days as the US dollar showed weakness after many weeks of […]

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Quote – 23 Mar 2015

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The rise in the Saudi Aramco oil rig count had been evolving over a long period. “You need to drill more wells if you are producing 10 million barrels per day and maintaining your spare capacity. It is also a natural phenomenon in the oil business that the more you produce, the more you deplete […]

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Peak Oil Review – 23 Mar 2015

By on 23 Mar 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4.  Russia/Ukraine 5. Climate Change 6.  The Briefs 1.  Oil and the Global Economy It was a volatile week as the markets tried to sort out whether or not there would be another price dip prior to the inevitable […]

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World Oil Demand Surges: A Data Point For Price Recovery

By on 16 Mar 2015 in analysis with 0 Comments
World Oil Demand Surges: A Data Point For Price Recovery

By Art Berman.  Reprinted from ArtBerman.com World oil demand increased by 1.1 million barrels per day in February. This is a potentially important data point that suggests a crude oil price recovery sooner than later. It is also important because it further supports the view that a production surplus and not weak demand is the main cause for the […]

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Quote – 16 March 2015

By on 16 Mar 2015 in quotes

[Advocating for U.S. oil exports] “It is time to build policies that reflect our newfound [oil] abundance, that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress.” — Rex Tillerson, CEO ExxonMobil 

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Peak Oil Review – 16 March 2015

By on 16 Mar 2015 in Peak Oil Review

Quote of the Week [Advocating for U.S. oil exports:] “It is time to build policies that reflect our newfound [oil] abundance, that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress.” — Rex Tillerson, CEO ExxonMobil  […]

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Quote – 9 March 2015

By on 9 Mar 2015 in quotes

“Is there a black swan that we don’t know about which will come by 2050 and we will have no demand [for oil]?” — Saudi Arabia oil minister Ali al-Naimi

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Peak Oil Review – 9 March 2015

By on 9 Mar 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy New York oil prices were little changed last week opening and closing around $50 a barrel. London prices fell sharply on Monday, but […]

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Quote – 2 March 2015

By on 2 Mar 2015 in quotes

“The fiscal position of Venezuela will suffer the most from the decline in world oil prices, as its public sector derives a large share of its fiscal revenues from oil exports. In addition, the domestic price of gasoline is expected to remain close to zero, which virtually eliminates any potential revenues from domestic sales.” — […]

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Peak Oil Review – 2 March 2015

By on 2 Mar 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Oil prices in London climbed steadily last week closing at $62.58, capping the biggest monthly price increase in six years. New York futures […]

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