Here’s How Electric Cars Will Cause the Next Oil Crisis
A shift is under way that will lead to widespread adoption of EVs in the next decade.
Iran Deal Could Further Slam Markets By Unleashing Oil Wave
Stocks across the Middle East tumbled as the easing of sanctions against Iran raised the prospect of a surge in oil supplies to a market already reeling from the lowest prices in more than a decade. S...
Saudi Arabia to run out of cash in less than 5 years
If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the International Monetary Fund this week. That includes OPEC leade...
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Crude oil plunges below $50 after shocking supply data
Crude-oil futures fall to the lowest level in a week on Thursday, after U.S. data show inventories have built up much faster than expected.
Saudis block OPEC output cut, sending oil price plunging | Reuters
Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year ...
OPEC - OPEC targets $100/barrel, as oil price hits $91
THE Organisation of Petroleum Exporting Countries (OPEC) has expressed optimism that the price of crude oil will hit $100 per barrel, as the price peaked at ...
American Petroleum Institute
The American Petroleum Institute (API) is the largest U.S trade association for the oil and natural gas industry. It claims to represent about 400 corporations involved in production, refinement, di...
American Petroleum Institute - Wikipedia
OPEC
Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek), a permanent, international organization headquartered in Vienna, Austria, was established in Baghdad...
OPEC - Wikipedia
Peak oil
Peak oil, an event based on M. King Hubbert's theory, is the point in time when the maximum rate of extraction of petroleum is reached, after which the rate of production is expected to enter terminal...
Peak oil - Wikipedia
Here’s How Electric Cars Will Cause the Next Oil Crisis
A shift is under way that will lead to widespread adoption of EVs in the next decade.
Oil depletion
Oil depletion is the decline in oil production of a well, oil field, or geographic area. The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated pr...
Oil depletion - Wikipedia
Professional Petroleum Data Management Association (PPDM)
The Professional Petroleum Data Management Association (PPDM Association) is a global, not-for-profit organization that works collaboratively within the petroleum industry to create and promote standa...
Professional Petroleum Data Management Association (PPDM) - Wikipedia
Tapis crude
Tapis crude is a Malaysian crude oil used as a pricing benchmark in Singapore. Tapis is very light with an API gravity of 43°-45° and very sweet with only about 0.04% sulfur. While it is not traded o...
Indian Oil Institute of Petroleum Management
The Indian Oil Institute of Petroleum Management (IiPM, stylised IndianOil Institute of Petroleum Management) is a training institute of Indian Oil Corporation set up in 1995 at Gurgaon, a city in the...
Carlton Beal
Carlton Beal (1914-1994) was an American businessman, college professor and polo player.
Carlton Evans Beal was born on September 3, 1914 in Los Angeles, California. His father, Carl H. Beal, Vice...
Royalty trust
A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. However, unlike most corporations, its profits are not taxed at t...
Energy returned on energy invested
In physics, energy economics and ecological energetics, energy returned on energy invested (EROEI or ERoEI); or energy return on investment (EROI), is the ratio of the amount of usable energy acquired...
Energy returned on energy invested - Wikipedia
Petroleum industry in Ohio
The petroleum industry in Ohio dates from 1859. Ohio continues to produce significant quantities of oil and gas, producing more than 1 billion barrels of oil and 9 trillion cubic feet of natural gas s...
Petroleum industry in Ohio - Wikipedia
Stripper well
A stripper well or marginal well is an oil or gas well that is nearing the end of its economically useful life. In the United States of America a "stripper" gas well is defined by the Interstate Oil a...
Stripper well - Wikipedia
State Oil Fund of Azerbaijan
The State Oil Fund is a special purpose state organization in which Azerbaijan's revenues from implementation of oil and gas agreements are accumulated, managed and preserved for future generations.
State Oil Fund of Azerbaijan - Wikipedia
West Texas Intermediate
West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as light because of its relatively low density, and ...
West Texas Intermediate - Wikipedia