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Shadow over Brazil’s oil production outlook
Experts forecast a considerable growth of oil supply in Brazil, but similar predictions turned out to be overly optimistic in the past. For such predictions to become a reality, the Brazilian government would need to remove the regulations that discouraged large and private oil companies from investing during the latest licensing rounds.
The UAE’s oil and gas investment spree
In 2018, the United Arab Emirates launched a five-year spending plan of more than $130 billion to overhaul its oil and gas sector, ultimately aiming to become gas self-sufficient. The increase in production could result in a larger share of the oil market, but only if environmental concerns do not ...
The long ‘bridge’ of carbon capture and storage technology
Reducing carbon emissions to reach environmental goals will require many different approaches, not just a transition to renewable energy sources. One important technology is carbon capture and storage, or CCS. Its potential for reducing CO2 emissions is significant, but high costs and uncertainties are slowing its development.
Oil prices in 2019
Where are oil prices headed? In the long run, the slowly rising global demand for energy will not be enough to offset the declining costs of extraction. In the short term, much depends on how U.S. producers, whose shareholders are dissatisfied with the return on their fracking investments so far. ...
2019 Global Outlook: Market forces move developments in energy
2019 begins with the U.S. a dominant producer of oil and gas, while OPEC has allied with countries like Russia to try to put a floor under prices. Green energy sources continue to rise in popularity, but still have only a small impact on global consumption. And while developed nations ...
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