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News Digest: Foreign Media on Shale Oil Production in Kazakhstan, EU-Central Asian Ties and More
31 Jan 2025 13:13 GMT
… oil output cuts after OPEC+ meeting
Kazakhstan will make … cuts after the next joint OPEC+ meeting, Energy Minister … – together known as the OPEC+.
In response, Kazakhstan has … start producing shale oil
The first production of shale oil in Kazakhstan …
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Opec & the world’s oil market: Past, present, and the future
02 Feb 2025 20:30 GMT
… future of Opec. To address these challenges, Opec formed Opec+, a … Opec’s relevance. They also argue that the rise of US shale oil … would erode Opec’s market power. Opec finds … challenges, the intergovernmental organization Opec is in a strategic …
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Will Trump Trigger a New Oil Price War Between OPEC and The West?
27 Jan 2025 19:01 GMT
… at home and by pressuring OPEC and its effective leader … . and Saudi Arabia (and OPEC) also continued to function well … to significantly develop its own shale oil (and gas) resources. From … prices cause by OPEC production cuts than were OPEC countries and …
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Cost of production at ‘mature’ oil fields in Kazakhstan can reach up to $50
04 Feb 2025 23:18 GMT
… If we talk about increasing shale oil production in the U.S … expenditures have been recovered, shale oil costs around $30-40 … shale oil will take a heavy hit,” Askar Ismailov believes.
“If OPEC+ … its commitment to the OPEC+ Agreement following the 58th …
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Lord of oil. How Trump Terrified Russia
04 Feb 2025 21:18 GMT
… Davos, Donald Trump called on OPEC+ to lower oil prices. He … of the Petroleum Exporting Countries OPEC+ were ready to give up … of the Petroleum Exporting Countries OPEC+ is headed by a tandem … all, the cost of producing shale oil is much higher than that …
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Shale oil prospects threaten Nigeria’s revenue target
06 Jan 2025 06:34 GMT
… potential resurgence of United States’ shale oil industry will reopen the 2014 … resurging shale oil production will be scary for Nigeria and most OPEC countries … Organisation of Petroleum Producing Countries (OPEC) powerhouses.
Rising shale supplies also …
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Expert: OPEC’s influence waning amid growing competition, shifting market dynamics
30 Dec 2024 05:14 GMT
… also noted the uncertainty surrounding OPEC’s production strategies, especially with … non-OPEC producers—particularly the United States with its booming shale oil production … —have significantly curtailed OPEC’s ability to …
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UPSC Current Affairs Pointers of the past week | January 27 to February 2, 2025
03 Feb 2025 05:47 GMT
… sector.
International Cooperation
OPEC (Reuters)
— Donald Trump … Guinea (which later joined OPEC), Kazakhstan, Malaysia, Mexico, … shale oil output. The United States is not a member of OPEC or OPEC … +.
(Source: opec.org)
Environment …
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No short-term threat to global supply dynamics
02 Feb 2025 23:17 GMT
… unconventional oil production, particularly shale oil, has a relatively high … Countries and its allies’ (Opec+)? BMI thinks its unlikely … United States would involve Opec+ producers maximising their output … ‘Big Oil’ and Opec+ producers are following their …
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OPEC+ wary of renewed US oil output rise under Trump, sources say
18 Dec 2024 06:20 GMT
… and some other non-OPEC+ producers. OPEC has a history of under … to the start of the shale oil boom, which has seen the … Energy Agency figures.
Story Continues OPEC+ decisions to reduce output in … 5% next year, faster than OPEC. Some industry executives and …