The price of Brent crude oil is up again this morning over $124 a barrel. It’s up from $107.65 at the end of last year as a result of increasing tensions with Iran following the imposition by the US and Europe of tough new sanctions on Iran. They are already reducing...
No Peak Oil – Why Then is Saudi Aramco Opening Old Wells for Heavy Crude? By James Burgess | Fri, 17 February 2012 18:57 Following the Iranian Revolution in 1979 demand of oil from Saudi Arabia fell from ten million barrels per day (bpd) to three million bpd. As...
Has the United States beaten peak oil? Not so fast. February 17, 2012 In the past five years, warnings about peak oil have gained a lot of traction. U.S. oil production, after all, has fallen sharply since 1970. Global oil output has plateaued of late, even as China...
Ali Al-Naimi, Minister of Petroleum and Mineral Resources, inaugurates the Dhahran Unconventional Resources Research and Technology Center at the Dhahran Techno Valley (DTV), Wednesday. — SGSaudi Gazette DHAHRAN – The first research center in Saudi Arabia that...
