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The world could soon see a massive oil glut. Here's why.
CBS News via Yahoo Finance· 6 days agoThe International Energy Agency said Wednesday that the world's total oil supply capacity is...
The World Will Be Swimming in Excess Oil by End of This Decade, IEA Says
The Wall Street Journal· 7 days agoAccording to the IEA, the group’s total oil market share dropped to 48.5% this year—the lowest since...
Crude settles higher as demand optimism offsets Chinese data By Investing.com
Investing.com· 1 day agoOil prices settled higher Monday, adding to gains from last week as growing optimism on the outlook...
Saudi Consumption — Not Production — Is Key to Peak Oil
Bloomberg· 2 days agoThe kingdom’s staggering use of crude in electricity generation makes it critical to oil demand’s...
IEA warns supply surplus could hit Covid lockdown levels by 2030, urges Big Oil to adapt | Invezz
Invezz· 7 days agoIn contrast, total oil production capacity is projected to surge to nearly 114 million barrels per...
UMN Board of Regents approves annual budget
The Minnesota Daily· 2 days agoThe University of Minnesota Board of Regents unanimously passed next year’s annual capital improvement budget for buildings and maintenance, and the...
Big Oil given stark warning as peak crude and a major supply surplus expected by 2030
CNBC· 7 days agoThe International Energy Agency said Wednesday that a U.S.-led surge in global oil production is...
Oil and Gas production surges in North Dakota for April
Dickinson Press, N.D. via Yahoo Finance· 4 days agoJun. 14—DICKINSON — North Dakota's oil and gas production increased in April 2024 with substantial gains reported in several key counties, according to the latest figures released Friday by ...
Zama Oil Field Partners Select French Firm for FEED
Rigzone· 6 days agoThe partners in Mexico’s Zama oil field have awarded a front-end engineering and design contract (FEED) to French engineering company DORIS. The FEED...
IEA Sees Major Oil Surplus This Decade
Rigzone· 6 days agoThe International Energy Agency (IEA) has forecast a surplus petroleum production of up to eight million barrels per day (MMbpd) by 2030 as cleaner transport and electricity generation drive ...
