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IEA in Davos 2016 Warns of Higher Oil Prices in a Few Years’ Time

This recent forum was about how to transition away from fossil fuels, after the UN conference on climate change in Paris in November 2015.

The Myth of US Self-sufficiency in Crude Oil

Contrary to general belief, and mis-information by the media the US is far away from being “energy independent” in terms of crude oil imports.

No Glut in Australian Petroleum Inventories

The Australian Capital’s daily newspaper Canberra Times started the New Year by reprinting an article of the Daily Telegraph referring to an abundance of oil – without checking whether this also applies to Australia...

Where Actually is that Much-hyped Global Oil Glut?

The media is full with news that there is a global oil glut.

Egypt Budget and Current Account Deficits – can Saudi Arabia Bail Out Cairo?

Declining and now stagnating oil production against an ever-growing oil demand of a ballooning population meant that Egypt is a net-oil importer since 2010. How did that impact on the budget?

Egypt Update: Net Oil Importer and Chokepoints

Egypt is now a net oil importer. On these trends, the gap between consumption and production is likely to get larger.

IEA: US$ 40 oil means 3 mp/d less oil by 2020

You want $40 oil? Yes, please. But according to the World Energy Outlook 2015 of the International Energy Agency, recently released in London, that would mean 3 mb/d less US tight (shale) oil by 2020.

Iraq needs 1.3 mb/d additional oil exports and $US 70 oil to balance budget

If oil prices remain low Iraq will not get out of its current budget deficit. That will worsen all other problems this country is already suffering from.

Saudi Arabia’s Fiscal Break-Even Oil Price to Be Around $US 100 Mark for the Foreseeable Future

The latest IMF Article IV consultation report on Saudi Arabia was published on 9 September 2015.

US Shale Oil too Expensive, Peaks 1H 2015

According to EIA data, monthly US crude oil production peaked in April 2015 at 9.6 mb/d.