Posts Tagged ‘OPEC countries’

Can Texas Railroad Commission Rule Global Oil?

The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?

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OPEC+ Agreement to Speed up Market Dichotomy

On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).

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One Day – One Country: USA

USA Key Projects and Business Highlights In June 2013, the US energy agency, Energy Information Administration (EIA) updated […]

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Oil & Gas and Petrochemicals Projects First Half 2013 Digest

Key Projects and Business Highlights If the global economy is running from one dip to another dip wondering […]

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“NOC”

Definition:  The “NOC” acronym means “National Oil Companies” and refers to the local oil producing companies owned by […]

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