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Iran to probe for shale oil near Iraq borderIran plans to start looking for shale oil and gas this year near its border with Iraq, the head of exploration at the National Iranian Oil Company (NIOC) said on Wednesday. Inspired by a shale revolution which has transformed the More… |
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Shale oil: Nervous Gulf may revisit policiesAt an Opec conference in Vienna in December, the oil minister of the United Arab Emirates was outspoken - unusually so for a top Gulf Arab official - about the threat to the cartel from rising US oil and gas production. More… |
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Saudi dominance of oil market may fade by 2020Not since the early 1980s has Saudi Arabia seemed so powerful. But the kingdom's dominance of the oil market could prove fleeting, as policymakers grapple with multiple challenges that could slash export earnings by 2020. For More… |
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US to overtake Saudi as top oil producer: IEAThe US will overtake Saudi Arabia as the world's top oil producer by 2017, the West's energy agency said on Monday, predicting the major energy importer would soon achieve self-sufficiency in oil and gas. The forecasts by More… |
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Shale oil will impact on supply admits OpecOpec has acknowledged for the first time that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for crude would rise more slowly than it had previously expecte More… |
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Does US shale mean cheap global oil by 2020?Does the rise of US shale oil mean fuel buyers can look forward to a multi-year period of crude price decline? Or is oil destined for new record highs above $150 a barrel? The question is dividing energy analysts who are split on More… |
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US shale boom a boon for Asian crude importersAsian oil importers will pay lower premiums for their shipments as a shale oil boom diverts more barrels from the United States to the world's biggest net oil buying region over the next few years. While the displaced supplies More… |
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Jordan signs deal to develop shale oilJordan has signed Memorandum of Understanding with Global Oil Shale Holdings (Gosh) for the exploration and development of two oil shale blocks in the kingdom. The MoU for the Attarat Umm Ghudra More… |
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Shale oil threat for Opec 'seems real'Opec oil producers are not worried about the shale revolution. They might need to re-run their numbers. Thanks to new technologies North America is already self sufficient in natural gas, and is eyeing an even bigger landmark -- Opec-free oil supp More… |
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UK has vast shale gas reserves, geologists sayBritain may have enough offshore shale gas to catapult it into the top ranks of global producers, energy experts now believe, and while production costs are still very high, new US technology should eventually make reserves commercially viable. More… |
