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Fifty years of oil trading
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
LNG gets political
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
Trump’s LNG metamorphosis
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Pemex scrambles to plug the gap
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
Mozambique LNG financing cannot lift security gloom
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
Trump’s energy policy paradox
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
Argentina poised to surpass record oil production
Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth
US Guyana Venezuela Mexico Argentina Gulf of Mexico Donald Trump Canada LNG Coal
Bill Barnes
9 August 2018
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Continental contrasts

Oil and gas production in North America is continuing its rising trend. Mexico's prospects are looking up, while Venezuela's hydrocarbon sector is collapsing

North American liquid hydrocarbons output hit 20.1m barrels a day in 2017, as production from the US and Canada offset a decline in Mexico, according to the latest BP Statistical Review of World Energy. US oil output is expected to continue to rise. The US Energy Information Administration expects oil production to grow by 1.4m b/d this year, and another 1m b/d in 2019. It also suggests natural gas output will increase by 10%, to 81.2bn cubic feet a day. As such, the US looks set to remain the world's largest oil and gas producer in 2018. Such production growth is presenting challenges to the US and its neighbours in the Americas. On the domestic front, new infrastructure is urgently needed

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