scholarly journals Saudi Arabia Energy Report

2020 ◽  
Author(s):  
Abeer AlGhamdi
Keyword(s):  
United States ◽  
Saudi Arabia ◽  
Natural Gas ◽  
Crude Oil ◽  
The United States ◽  
Oil Reserves ◽  
Oil Market

Saudi Arabia is one of the world’s leading oil producers and exporters. It has the second-largest proven crude oil reserves after Venezuela. Saudi Arabia’s oil reserves have made it one of the most significant players in the global oil market. The country also possesses vast reserves of natural gas and, in 2018, had the sixth-largest reserves of natural gas, just below the United States.

scholarly journals “Shale Revolution” in the United States as the Main Driver of the World Oil Market Transformation

2019 ◽  
Vol 12 (6) ◽  
pp. 71-93
Author(s):  
S. A. Zolina ◽  
I. A. Kopytin ◽  
O. B. Reznikova
Keyword(s):  
United States ◽  
Crude Oil ◽  
Oil Production ◽  
The United States ◽  
Oil Price ◽  
Oil Market ◽  
Oil Exports ◽  
The World ◽  
Oil Sector ◽  
The U.S

In 2018 the United States surpassed Saudi Arabia and Russia to become the largest world oil producer. The article focuses on the mechanisms through which the American shale revolution increasingly impacts functioning of the world oil market. The authors show that this impact is translated to the world oil market mainly through the trade and price channels. Lifting the ban on crude oil exports in December 2015 allowed the United States to increase rapidly supply of crude oil to the world oil market, the country’s share in the world crude oil exports reached 4,4% in 2018 and continues to rise. The U.S. share in the world petroleum products exports, on which the American oil sector places the main stake, reached 18%. In parallel with increasing oil production the U.S. considerably shrank crude oil import that forced many oil exporters to reorient to other markets. Due to high elasticity of tight oil production to the oil price increases oil from the U.S. has started to constrain the world oil price from above. According to the majority of authoritative forecasts, oil production in the U.S. will continue to increase at least until 2025. Since 2017 the tendency to the increasing expansion of supermajors into American unconventional oil sector has become noticeable, what will contribute to further strengthening of the U.S. position in the world oil market and accelerate its restructuring.  

scholarly journals BADANIE PUNKTÓW ZWROTNYCH CEN ROPY NAFTOWEJ W LATACH 2015 - 2019

2021 ◽  
Vol 21 (4) ◽  
pp. 179-192
Author(s):  
Monika Krawiec ◽  
Rafał Furman
Keyword(s):  
United States ◽  
North America ◽  
Crude Oil ◽  
Turning Points ◽  
The United States ◽  
Oil Market ◽  
Oil Platforms ◽  
Professional Business

This paper aimed at identification of turning points in prices of crude oil from 2015 to 2019 through application of Perron test. It also attempted to detect geopolitical events that could have caused these changes in trend structure. This part of research was based on oil market analysts’ comments and on market reports available at professional business websites. The research brings to conclusion that problems related to the oversupply of crude oil in the United States affected its prices the most. Reports informing about the increasing number of oil platforms working in North America and low demand in the fuel market often induced long-term price reductions at NYMEX and ICE.

GEOPHYSICAL ACTIVITY IN THE OIL INDUSTRY IN THE UNITED STATES IN 1947

Geophysics ◽  
1948 ◽  
Vol 13 (4) ◽  
pp. 529-534 ◽  
Author(s):  
E. A. Eckhardt
Keyword(s):  
United States ◽  
Natural Gas ◽  
Crude Oil ◽  
Oil Industry ◽  
The United States ◽  
Oil And Natural Gas ◽  
One Year

In 1947 the oil industry of the United States produced 2.011 billion barrels of crude oil and natural‐gas liquids. The same number of barrels of new oil must be discovered in one year if the industry is to maintain its reserves. This provides a measure of the exploration job to be done.

scholarly journals California

2021 ◽  
Vol 7 (3) ◽  
pp. 357-362
Author(s):  
Joshua L. Baker ◽  
Ryan Mahoney
Keyword(s):  
United States ◽  
Crude Oil ◽  
Oil And Gas ◽  
The United States ◽  
Oil Reserves

Oil and gas output in California has declined as the industry faces increasing regulatory and market headwinds. However, California remains a major oil and gas producing jurisdiction at the present. California is the seventh-largest producer of crude oil in the United States and contains the fifth-largest crude oil reserves.

scholarly journals Measuring the impact of COVID-19 surveillance variables over the international oil market

2022 ◽  
Vol 9 (1) ◽  
pp. 27-33
Author(s):  
Alshdadi et al. ◽  
Keyword(s):  
Saudi Arabia ◽  
Crude Oil ◽  
Global Economy ◽  
Oil Prices ◽  
Oil Reserves ◽  
Oil Market ◽  
Crude Oil Prices ◽  
Oil Markets ◽  
Long Term Impact ◽  
The Impact

Coronavirus (COVID-19) has turned to be an alarm for the whole world both in terms of health and economics. It is striking the global economy and increasing the unpredictability of the financial market in several ways. Significantly, the pandemic spread stimulated the social distancing which led to the lockdown of the countries’ businesses, financial markets, and daily life events. International oil markets have accommodated the crude oil prices during the early COVID-19 period. However, after the first 50 days, Saudi Arabia has surged the market with oil, which caused a certain decrease in crude oil prices, internationally. Saudi Arabia is one of the biggest oil reserves in the world. International trade is based on oil reservoirs which in turn, have been significantly dislodged by the pandemic. Therefore, it is crucial to study the impact of COVID-19 on the international oil market. The purpose of this study is to investigate the short-term and long-term impact of COVID-19 on the international oil market. The daily crude oil price data is used to analyze the impact of daily price fluctuation over COVID-19 surveillance variables. The correlation between surveillance variables and international crude oil prices is calculated and analyzed. Consequently, the project will help in stabilizing the expected world economic crises and particularly will provide the implications for the policymakers in the oil market.

scholarly journals Is this the end of the OPEC cartel?

2009 ◽  
Vol 12 (3) ◽  
pp. 73-82
Author(s):  
John Abraham Godson
Keyword(s):  
United States ◽  
Emerging Economies ◽  
Strong Influence ◽  
Oil Prices ◽  
The United States ◽  
Oil Reserves ◽  
Oil Market ◽  
New Energy ◽  
Negative Effect ◽  
To Come

In looking at various circumstances surrounding the OPEC and the present economic crisis, one can come to a conclusion that this is the end of OPEC. This hypothesis could be supported by such factors as, falling OPEC share in the oil market, President Barack Obama’s new energy policy for the United States, depleting oil reserves and the increasing worries about environmental protection. Despite these factors, it seems that the most possible scenario would be the continued strong influence of OPEC on oil prices, albeit weakened. The above hypothesis is supported by fluctuation in oil prices, rising oil demands in emerging economies like China, the dominating influence of the automobile lobby, the negative effect of bio-fuel on agriculture and finally, the underdeveloped nature of many developing countries, which in turn mean dependent on oil for years to come.

Hydrogen

2020 ◽  
pp. 403-446
Author(s):  
Paul F. Meier
Keyword(s):  
United States ◽  
Natural Gas ◽  
Crude Oil ◽  
Fossil Fuels ◽  
Water Electrolysis ◽  
The United States ◽  
Hydrogen Gas ◽  
Fuel Cell Vehicle ◽  
Transportation Fuel ◽  
The World

In an effort to reduce the amount of crude oil used in the United States, a government program was started in 2002 to examine the use of hydrogen as a transportation fuel. In this application, hydrogen is used in a fuel cell vehicle to produce electricity. This allows a vehicle to enjoy the higher energy efficiency of a battery versus a gasoline-powered vehicle, while avoiding the frequent and long charging times needed for an electric vehicle. There are currently other applications for hydrogen in the United States and the world, primarily in refineries and the manufacture of ammonia. Unlike fossil fuels, such as coal, natural gas, and crude oil, there are no natural sources of hydrogen gas. There are several options for producing hydrogen, such as reforming natural gas or gasifying coal or biomass. Alternatively, a renewable energy source, such as wind or solar, could be used to produce hydrogen via water electrolysis.

scholarly journals The trade of energy commodities between the European Union and the United States – crude oil and natural gas

2016 ◽  
Vol 32 (4) ◽  
pp. 141-156
Author(s):  
Tadeusz Olkuski ◽  
Adam Szurlej ◽  
Barbara Tora
Keyword(s):  
United States ◽  
European Union ◽  
Natural Gas ◽  
Crude Oil ◽  
Mutual Recognition ◽  
The United States ◽  
Gas Production ◽  
Common Market ◽  
The European Union ◽  
Oil And Natural Gas

AbstractThe trend towards globalization can be observed for many years. It is reflected by the ongoing elimination of trade barriers between countries and the introduction of a system of mutual recognition of quality standards. The best example is the European Union, where a common market for many industries has been developed. Such a common market has already existed before in the United States of America and that this is why the negotiations on the merger of the largest and most developed economies in the world started in 2013. The currently negotiated agreement, the Transatlantic Trade and Investment Partnership (TTIP) is designed to eliminate barriers to trade and capital flows between the two mentioned markets. The article attempts to evaluate the trade of energy commodities, namely crude oil and natural gas, between the European Union and the United States. The estimates for the next years are based on historical data and the current state. The dynamics of natural gas and crude oil production in the European Union and the United States, as well as changes in the import and export of these energy resources, have been shown. The volume of gas production from the largest North American deposits was also subjected to analysis. Special attention was paid to natural gas from unconventional deposits, as its production is expected to grow continuously until 2040. Meanwhile, the production of gas from conventional deposits is expected to decrease. The rest of the paper is focused on the balance sheets of cash for oil and natural gas. It was pointed out that the market situation for both commodities is different. In the EU, the production and consumption of both crude oil and natural gas gradually decreases, while in the United States this trend is reversed. On the other hand, some similarities can be seen in the refining industry. In recent years, many refineries were closed both in the European Union and in the United States. However, though this trend was more pronounced in Europe. In the case of liquefied gas (LNG), the expansion of US gas to Europe can be expected. Currently, the United States is building about 30 export terminals and production surpluses will certainly be exported to Europe. Judging by the pace of development of export terminals, it can be assumed that the power of condensation can reach up to 110 million tons in the near future and, as a consequence, natural gas in the form of LNG will be supplied to the European market.

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