U.S. oil output from seven major shale formations is expected to rise by about 38,000 barrels per day (bpd) in July to about 7.8 million bpd, the highest since November, the U.S. Energy Information Administration said in a monthly forecast on Monday. The biggest increase is set to come from the Permian, the top-producing basin […]
Nursing homes are a critical part of our society, however, that does not mean that everyone is capable of running one. Despite their crucial role in the life cycle of humanity, nursing homes are rarely profitable business due to their ongoing expensive upkeep. If you are the building or business owner of a nursing home, […]
Although oil may not be headed to a new supercycle, prices still have room to rise from current levels because of a strong demand rebound and expected tightness in supply, some of the world’s largest commodity trading groups say. There is a chance for $100 oil, Jeremy Weir, chief executive officer at commodity trader Trafigura, […]
Growing demand in Asia means that the age of oil isn’t over yet, although consumption in developed western economies has trended lower over the past decade, according to Karin Kneissl, a newly appointed director on the board of Russia’s oil giant Rosneft. “I’ve always underlined that it’s the East that plays the decisive role, not […]
Senior housing is a critical part of our society, however, that does not mean that everyone is capable of running one. Despite its crucial role in the life cycle of humanity, senior housing is rarely a profitable business due to its ongoing expensive upkeep. If you are the building or business owner of senior housing, […]
Global oil demand is set to rebound and remain robust for some time, BP’s chief executive Bernard Looney told Bloomberg News on the sidelines of an economic forum in Russia, reiterating views expressed by most forecasters and analysts. “There is a lot of evidence that suggests that demand will be strong, and the shale seems […]
Oil demand is recovering faster than previously expected, and unless OPEC+ puts additional barrels on the market on top of the plans to restore 2 million barrels per day (bpd) by July, oil prices will be heading higher as the gap will widen, the Executive Director of the International Energy Agency, Fatih Birol, told Bloomberg […]
No matter what industry you are in, starting a successful business is rarely easy. Although the world is becoming increasingly digital every day, many businesses still require a physical office space to host staff, meetings, and daily business administration. On top of a lease or purchase, a successful office space also requires a significant amount […]
Do we still need to explore for oil and gas? One conclusion in our Horizons scenario analysis is that if the world gets onto a 2 °C pathway, there’s enough oil in existing discoveries to meet future oil demand. It’s a view the IEA NZE concurs with. Dr Andrew Latham, Huang Tra Ho and Julie […]
A number of peculiar things have happened in the Middle East in the past few weeks involving the U.S., Saudi Arabia, and the UAE, all with some sort of focus on Iran. To begin with, at the end of April, the U.S’s designated main man in Saudi Arabia – Crown Prince Mohammed bin Salman – […]
