Even after 2050, global oil demand is set to continue to rise. It is because renewables cannot entirely replace fossil fuels. Energy markets expert Anas Alhajji said during a recent energy conference hosted by Nigeria. “The impact of climate change policies on oil demand is highly exaggerated. The impact is mostly on-demand growth, not on-demand […]
When exploring the subsurface of the earth, oil, and natural gas surveyors are to be very specific. Specifically about exactly where the operations are happening. But there is more to the simple basic geographical features of any mineral operating site. It is also important to consider the land’s history and potential for production. This relates […]
U.S. crude oil futures slipped below $72/bbl on Friday but managed to close with a fourth straight weekly gain thanks in large part to the slow recovery in production following two hurricanes in the U.S. Gulf of Mexico. Oil markets have, however, kicked off the new week on a losing note, with WTI trading at […]
We cannot see most oil and gas reserves from the surface of the earth. However, there are many ways in which people can make educated decisions about where to search for resources. There are the tools and technologies of today. One of the most telling ways to estimate a mineral claim’s potential is to fully […]
Americans are paying the most expensive Labor Day weekend gasoline prices since 2014. This is amid constrained stock levels and high benchmark crude oil prices. The end of the U.S. driving season comes in just a few days. This is after OPEC+ ignored the Biden Administration’s call for higher-than-planned increases in the alliance’s oil production. […]
In the United States of America, private citizens, governmental bodies, and private entities can all own mineral rights. This is not the case everywhere around the world. Americans are lucky enough to both own and potentially profit from mineral ownership. In this complete glossary guide, we will define mineral ownership in today’s modern context before […]
World’s Third Largest Oil Importer, India, and their crude oil demand have been on the mend since mid-summer. It is likely to continue along this same vein for quite a while. This is with at least one refiner planning to boost refining capacity considerably. India, the world’s third-largest oil importer, has become a key factor […]
The oil tanker industry faces brighter prospects in the coming months with more crude sets to arrive on the international markets, according to the Nordic American Tankers. In its second-quarter update, tanker operator Nordic American Tankers said that “Demand for oil is going up. OPEC is raising its output.” “Current high oil, gas, and electricity […]
When entering into a mineral rights agreement, it is very important to understand the complex definitions. This includes many industry terms. What could be the result without a proper background in mineral interest terminology? Investors run the risk of exchanging an asset or participating in a contract far less valuable than the property itself. In […]
As much as 95 percent of oil production in the U.S. section of the Gulf of Mexico has been shut-in. That is the Hurricane Ida Oil Effect. As hurricane Ida passed through it before making landfall in Louisiana earlier today. What is the latest data from the Bureau of Safety and Environmental Enforcement? Some 288 […]
