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A Ticking Time Bomb Lies Off The Coast of Yemen – An Old Tanker with 1.1 Million Barrels of Oil

Energy Central

Craig Pirrong, a finance professor at the University of Houston is quoted in an article appearing. Storing oil in decommissioned tankers has been ongoing for decades. It’s a marketing ploy by oil traders who purchase during periods of low prices and hold onto the oil until demand and prices rise.

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IEW 2025 Days III & IV: India's quest for a gas economy

Oilholics Synonymous Report

Signature deals, among several moves, included BP's technical partnerships with EIL and ONGC, BPCL's agreement with Petrobras for 6 million barrels worth of exports to India, and, IOCL and ADNOC's long-term agreement for LNG up to 1.2 mmtpa from 2026 for 14 years.

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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

million barrels, according to Finance Minister Ken Ofori-Atta. Addressing Parliament while presenting the 2024 budget and economic policy, the finance minister detailed that the Greater Jubilee field contributed 21.94 million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46

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Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360º

lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). Energy Information Administration data) U.S. crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. It then dropped with the Coronavirus Recession down to around 10.5

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Oil revival plan put forth by Ecuador’s president falters amid re-election effort

Oil & Gas 360º

His finance minister, Juan Carlos Vega, resigned over it, according to people familiar with the matter who asked not to be named discussing private matters. Production from the nations top field has fallen 15% from a 2014 peak of 560,000 barrels a day.

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The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

Rextag

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. 3) The IEA Relies on Unrealistic Energy Transition Financing The IEA assumes massive clean energy investments despite historical failures to meet even modest climate finance goals.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. Refer to the Specified Financial Measures section in this press release for additional disclosure and assumptions.

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