India is going all-in on renewable energy, with big plans to scale up its solar sector.
India’s Solar Industry Is Desperate To Cut Ties With China
India is going all-in on renewable energy, with big plans to scale up its solar sector.

As a part of the move, India is looking to cut ties with China as it prioritizes its domestic solar industry.
2021/12/21 17:31
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
Are Oil Markets Already Oversupplied?
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
2021/12/21 17:28
In 2022, the main focus for oil and gas companies will be keeping shareholders happy and preparing for the energy transition.
Where Will The Oil Industry Spend Its Money In 2022?
Oil and gas companies have well and truly recovered from what was a crisis year in 2020, with some companies now posting record cash flow.
2021/12/17 17:44
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
Half Of U.S. Oil Pipelines Sit Empty
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
2021/12/17 17:40
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
Climate Change Is Threatening 40% Of All Global Oil And Gas Reserves
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
2021/12/17 17:36
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
China Draws From Stockpiles Again As Refiners Demand More Crude
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
2021/12/17 17:33
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
No One Knows What’s Next For Oil Demand
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
The three groups do have one commonality in their forecasts, however; COVID-19 will remain a driving force.
Despite the differences in exact expectations, the three organizations remain generally optimistic about oil demand.
2021/12/17 13:20
Investments in oil and gas exploration and production continue to be depressed
Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch
Investments in oil and gas exploration and production continue to be depressed
Moody's: Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock
2021/12/09 16:11
Across the world, politicians are grappling with the reality of expensive energy.World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
World Leaders Have To Face The Truth About Oil Demand
Across the world, politicians are grappling with the reality of expensive energy
Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry
World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
2021/12/09 15:59
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum bill is no guaranteed recipe for success
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria struggles to keep oil majors interested in sustaining their operations in the country
The country’s new petroleum bill is no guaranteed recipe for success
2021/12/07 15:31
California is also importing more oil from the Amazon rainforest than any country in the world.
California Is Addicted To Oil From The Amazon
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar.

It is also importing more oil from the Amazon rainforest than any country in the world.
2021/12/07 15:14
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes.
2021/12/06 14:57
India is going all-in on renewable energy, with big plans to scale up its solar sector.
India’s Solar Industry Is Desperate To Cut Ties With China
India is going all-in on renewable energy, with big plans to scale up its solar sector.

As a part of the move, India is looking to cut ties with China as it prioritizes its domestic solar industry.
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
Are Oil Markets Already Oversupplied?
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
In 2022, the main focus for oil and gas companies will be keeping shareholders happy and preparing for the energy transition.
Where Will The Oil Industry Spend Its Money In 2022?
Oil and gas companies have well and truly recovered from what was a crisis year in 2020, with some companies now posting record cash flow.
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
Half Of U.S. Oil Pipelines Sit Empty
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
Climate Change Is Threatening 40% Of All Global Oil And Gas Reserves
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
China Draws From Stockpiles Again As Refiners Demand More Crude
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
No One Knows What’s Next For Oil Demand
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
The three groups do have one commonality in their forecasts, however; COVID-19 will remain a driving force.
Despite the differences in exact expectations, the three organizations remain generally optimistic about oil demand.
Investments in oil and gas exploration and production continue to be depressed
Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch
Investments in oil and gas exploration and production continue to be depressed
Moody's: Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock
Across the world, politicians are grappling with the reality of expensive energy.World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
World Leaders Have To Face The Truth About Oil Demand
Across the world, politicians are grappling with the reality of expensive energy
Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry
World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum bill is no guaranteed recipe for success
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria struggles to keep oil majors interested in sustaining their operations in the country
The country’s new petroleum bill is no guaranteed recipe for success
California is also importing more oil from the Amazon rainforest than any country in the world.
California Is Addicted To Oil From The Amazon
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar.

It is also importing more oil from the Amazon rainforest than any country in the world.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes.

Russia Has Oil Reserves At Least Until 2080

2021/05/15 16:13
Russia’s oil reserves will last until 2080 at the current pace of annual production, Natural Resources Minister Alexander Kozlov told Russian outlet RBC in an interview this week.

Russia’s oil reserves will last until 2080 at the current pace of annual production, Natural Resources Minister Alexander Kozlov told Russian outlet RBC in an interview this week.

Russia also has natural gas reserves for another 103 years of annual production at current output levels, the minister said.

Russia’s actual oil and gas reserves could even rise if it steps up exploration in hard-to-drill areas, the minister added, noting that Russia needs to develop exploration, including in hard-to-reach areas.

Last month, Evgeny Kiselev, the head of the Russian Federal Agency for Mineral Resources, told state outlet Rossiyskaya Gazeta  that Russia has 58 years worth of oil reserves, of which 19 years to profitably pump those reserves at current levels with current technology. Advances in technology, however, will constantly push back the deadline.

Asked how long Russia would have oil reserves, Kiselev said “indefinitely.”

Oil and gas export revenues are key to Russia’s budget income. Oil price collapses like last year’s lead to belt-tightening policies despite Moscow’s insistence that it can live with $30 oil.

Russia’s production fell last year and is set for slight growth this year and next, according to government data and estimates.

After setting a post-Soviet high in oil and condensate production in 2019, Russia saw its output drop by 8.6 percent in 2020 due to the lower global demand and low oil prices, as well as the OPEC+ production cuts. Russia’s crude oil and condensate production fell in 2020 for the first time since the 2008 financial crisis and then slump in oil prices, according to government statistics.  

Last month, Russia cut its estimates for domestic crude oil, gas, and coal production for 2021 and 2022, but kept the estimates for the oil production for 2023 and 2024 unchanged. As per the latest forecasts from the Russian government, oil production this year is set to stand at 517 million tons, down from a previous estimate of 560 million tons. The projection for Russia’s oil output in 2022 was also reduced, to 548 million tons, down from earlier estimates of production of 558 million tons.


Oil Reserves