Category Archives: Geen categorie

Record high US oil stocks mask falling global stocks

In spite of all the short term noise due to hedge fund trading: in the end it are supply and demand that determine the price of oil. Reliable estimates of oil stocks are essential to determine where supply and demand … Continue reading

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The rapidly declining production of small Dutch gas fields

The rate at which gas production from Dutch small fields declines is much faster than the rate at which Dutch gas consumption declines. Dutch gas is effectively being replaced by Russian gas. This is not in the best interest of … Continue reading

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Oil markets: a turbulent 2016, an uncertain 2017

After two and a half years of opening up the taps (or rather: not closing them) OPEC has changed course in what is looking to be a gamechanger for the oil market. Market sentiment has shifted and the oil price … Continue reading

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Groningen gas production and earthquakes

  Introduction The giant Groningen field was found in 1959. Remaining reserves are about 800 BcM (vs. about 2800 BcM of initial reserves). The field is exploited by NAM (50 % Shell, 50 % ExxonMobil) on behalf of the “Maatschap … Continue reading

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Chinese oil companies: giants on shaky foundations

Abstract Chinese national oil companies (NOCs) are not mere puppets of their political masters. Whilst adhering to the overall guidelines provided by the government they have their own commercially driven agendas. They operate significant domestic oil production from mature onshore … Continue reading

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Oil Companies and Climate Change

Introduction Climate change is real. The well documented increase in global temperature levels, the link with greenhouse gases and the again well documented rise in atmospheric CO2 levels (the main greenhouse gas) should, for all practical purposes, no longer leave … Continue reading

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Why oil prices are going up (and will continue to do so)

“a few pictures say more than a thousand words” Oil prices have been going up over the last few months, from below 30 dollars per barrel in February to the current levels of around 50 dollars per barrel. Many short … Continue reading

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