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2015-07-01 19:30:00

SHALE NEVER DIE

SHALE NEVER DIE

Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP's chief economist said on Tuesday.

Talks in Vienna between world powers trying to end sanctions on Tehran in return for limits on Iran's most sensitive nuclear activities could bring a significant increase in Iranian oil exports.

BP's Spencer Dale, however, told Reuters that it would probably take time for any easing of sanctions to filter through to oil markets if an Iran deal is agreed.

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Tags: US, SHALE, OIL, PRICES
Chronicle:
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2021, January, 15, 11:38:00
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SHALE NEVER DIE
2021, January, 15, 11:35:00
U.S. OIL INVENTORIES DOWN 3.2 MB TO 482.2 MB
U.S. commercial crude oil inventories decreased by 3.2 million barrels to 482.2 million barrels.
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2021, January, 15, 11:25:00
INDIA'S INDEXES DOWN
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SHALE NEVER DIE
2021, January, 15, 11:20:00
ENERGY LANDSCAPE IS CHANGING
Assuming human behavior holds steady, a big transition to electricity will send demand skyrocketing. Making matters worse, this will all be happening as we transition away from easily scaled fossil fuel sources to more finicky renewables.
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2021, January, 15, 11:15:00
GRID DIGITALIZATION: BENEFITS AND CHALLENGES IN 2021
The modern grid, also known as the smart grid, is interconnected and automated, with many technologies involved, including artificial intelligence (AI), edge computing, and the Internet of Things (IoT).
SHALE NEVER DIE
2021, January, 14, 14:25:00
OIL PRICE: BELOW $56
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