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2015-06-11 19:00:00

BP: WORLD ENERGY - 2015

BP: WORLD ENERGY - 2015

The most significant development on the supply side in 2014 was undoubtedly the continuing revolution in US shale. The US recorded the largest increase in oil production in the world, becoming the first country ever to increase average annual production by at least 1 million barrels per day for three consecutive years. 

The US replaced Saudi Arabia as the world's largest oil producer – a prospect unthinkable a decade ago.

The growth in US shale gas in recent years has been just as startling, with…

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Tags: BP, OIL, SHALE, US, RUSSIA, SAUDI, CHINA, PRICES, BRITISH, PETROLEUM

Chronicle:

BP: WORLD ENERGY - 2015
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

BP: WORLD ENERGY - 2015
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

BP: WORLD ENERGY - 2015
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

BP: WORLD ENERGY - 2015
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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