opec – Thinking Port

U.S. EIA Forecasts Lower Oil Price in 2025 Amid Significant Market Uncertainties

January 23, 2025 admin 0 Comments Fossil Fuels, Oil, oil prices, opec, us oil

Credit to Author: US Energy Information Administration| Date: Wed, 22 Jan 2025 04:58:46 +0000

We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and … [continued]

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CleanTech Energy News Science

Peak Oil Demand, EVs, & The Future Of Oil: A Cleantech Perspective

November 22, 2024 admin clean transport, cleantechnica, cleantechnica exclusive, cleantechnica reports, Electric vehicles, Fossil Fuels, Oil, oil consumption, oil demand, opec

Credit to Author: Juan Diego Celemín Mojica| Date: Wed, 20 Nov 2024 18:34:41 +0000

The good news: oil demand is cooling. The bad news: it’s not yet done growing. One can’t really claim oil demand is “falling” (yet), but growth has slowed down to its lowest level in over a decade, with 2024 being a pivotal year. Let’s look at the realities of oil … [continued]

The post Peak Oil Demand, EVs, & The Future Of Oil: A Cleantech Perspective appeared first on CleanTechnica.

CleanTech Energy News Science

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

Proposed Final COP28 Statement Eliminates Any Mention Of Fossil Fuel Phase Out

December 14, 2023 admin Al Gore, cop28, green economy, opec, policy & politics, sultan al jaber

Credit to Author: Steve Hanley| Date: Tue, 12 Dec 2023 01:20:26 +0000

It appears COP28 will finish with a whimper as the oil countries have aligned to prevent any significant action on fossil fuels.

The post Proposed Final COP28 Statement Eliminates Any Mention Of Fossil Fuel Phase Out appeared first on CleanTechnica.

CleanTech Energy News Science

EV Sales Growing Faster Than Expected — Charts

December 12, 2023 admin bnef, bnef (bloomberg new energy finance), bp, china ev sales, clean transport, electric cars, Electric vehicles, europe ev sales, ev sales, exxon, market research, opec, research, us ev sales, world ev sales

Credit to Author: Zachary Shahan| Date: Sun, 10 Dec 2023 00:26:59 +0000

Electric vehicle sales continue to grow faster than most people expected, even faster than professional analysts in the field expected, … [continued]

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CleanTech Energy News Science

Middle Eastern Oil Producers Worried More People Will Buy EVs As A Result Of High Oil Prices

March 17, 2022 admin Fossil Fuels, Iraq, Oil, oil price, oil prices, opec, Russia

Credit to Author: Johnna Crider| Date: Thu, 17 Mar 2022 19:38:45 +0000

Middle Eastern oil producers are worried that more people will buy EVs in light of the high oil prices. Iraq’s oil minister, Ihsan Abdul Jabbar, shared these thoughts with the New York Times, noting that members of the Organization of the Petroleum Exporting Countries (OPEC) are concerned about this possibility. Jabbar noted that OPEC plans […]

Magazines

UAE’s First Reactor Gets Go-Ahead

February 19, 2020 admin barakah, bushehr, Business, enec, International, Iran, Iraq, kepco, news, Nuclear, opec, Technology, UAE

Credit to Author: Darrell Proctor| Date: Wed, 19 Feb 2020 19:16:52 +0000

The post UAE’s First Reactor Gets Go-Ahead appeared first on POWER Magazine.

The United Arab Emirates (UAE) is set to begin commercial operation of the Middle East’s first nuclear power plant, after the country’s regulatory agency on Feb. 17 gave its approval for the start-up of the first reactor at the Barakah site. The plant can now begin loading fuel, and Unit 1 is expected to come […]

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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.