This week the 2018 BP Statistical Review of World Energy was released, which covers energy data through 2017. It is the definitive source for global energy production and consumption figures, and a primary source of data for numerous companies, government agencies and non-government organizations.

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The U.S. Gulf of Mexico, (GoM) has been a tremendous resource that has largely been developed over the last thirty years or so. One by one, companies ventured into deep waters using their wits, and brawn to bring these deeply buried resources to market. Wits and brawn, and a lot of money. Many companies learned the hard way that deep water was not a fun place to play if your checking account was low. 

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In its eighth year of paralyzing austerity, Greece is facing another hot summer. Political controversies will be even more heated than the blessed Peloponnese climate, as the Tsipras Government is expected to vote on another round of austerity measures to unlock a final €12 billion bailout tranche.

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The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The U.S. Federal Reserve announced another rate hike a few days ago, which helped edge up the dollar to a new high for the year.

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A Korea Advanced Institute of Science and Technology (KAIST) research team has proposed a perovskite material that serves as a potential active material for highly efficient lead-free thin-film photovoltaic devices. This material is expected to lay the foundation to overcome previously known limitations of perovskite including its stability and toxicity issues.

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The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the exact amount is still unknown, and the fallout from the lack of consensus could play out in several ways.

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Now that the much-anticipated meeting between President Donald Trump and North Korean leader Kim Jong Un in Singapore fades from the news cycle, giving way to a myriad of analysis from seemingly all corners, Iran is giving its take on the historic meeting of the two leaders.

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Elon Musk plans to equip a new version of the Tesla Roadster with “around 10 small rocket thrusters arranged seamlessly around car,” he said in a tweet adding that this arrangement will substantially improve the car’s acceleration, allow it to achieve higher top speed, and also improve braking and cornering. The status ends with “Maybe they will even allow a Tesla to fly.”

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People are willing to pay a premium for energy-efficient homes, according to new research. Georgia Warren-Myers, a property lecturer at the University of Melbourne and Franz Fuerst of the University of Cambridge analyzed tens of thousands of property transactions over five years, from 2011-2016, in Australia’s Capital Territory, where mandatory disclosure has been in place since the late 1990s.

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Syria's Bashar al-Assad is begging for a trip to Pyongyang as Donald Trump prepares for a summit with Kim Jong-un. Hollywood would reject such a script as outlandish, yet the scenario offers a reminder of the connections among Syria, Iran and North Korea – and some justification for different treatment by the current U.S. administration.

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Regional natural gas infrastructure issues in Southern California could affect electricity reliability this summer, according to separate studies recently released by the Southern California Gas Company (SoCalGas) and the Aliso Canyon Technical Assessment Group. Depending on natural gas infrastructure changes and storage operations this summer, these issues could also have implications for the upcoming winter.

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With investors always so fixated on short-term results and today’s corporations criticized for short-term decision-making, it comes as some surprise that the media uses the long-term potential for electric cars, ride sharing and self-driving cars as a reason why an automaker’s share price should dip or rise.

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A crude oil swap deal between Iran and Iraq, which was supposed to begin in mid-April, has started, Iran’s Shana agency reported yesterday, as quoted by Reuters. Under the deal, Iraq will send oil from the Kirkuk fields to Iran by truck, to be refined in Iran, and Iran will send the same amount of crude it receives to Iraq’s southern ports for export.

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With increasing crude oil prices and rig counts over the past several months, the U.S. Energy Information Administration (EIA) continues to closely monitor U.S. crude oil production trends. EIA publishes several reports that cover current crude oil production conditions and how recent trends may affect the near-term outlook for the oil industry. Each product is distinct in its purpose, methodology, time frame, and regional coverage. While some reports are estimates of current production volumes, others focus on forecasting future production.

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Nowhere has Russia’s resurgent power been more on display than in the Middle East, where Moscow has undeniably matched, and some would say, outstripped Washington in areas concerning diplomacy, defence, and energy. 

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