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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
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
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
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
Letter from the US: Houston has a problem with Trump’s energy policy
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
On tariffs, Trump is an open book
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
Letter from the US: Trumpism threatens oil producers’ survival
Well-functioning democracies are required for healthier economies and a thriving oil industry
US upstream reasserts strategic importance
The country’s renewed focus on energy security has seen it move closer to Russia and Saudi Arabia on supply
Mideast Gulf oil exporters may engage in price war
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Oil and gas industry beats demand drum
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
US Permian ExxonMobil Chevron
Justin Jacobs
7 June 2018
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Growing pains for the Permian

The Permian is primed for years of booming production—if a range of infrastructure problems can be solved

Vast tight oil reserves, improving fracking techniques and attractive economics are pulling in tens of billions of dollars of new investment. Output just passed 3m barrels a day, up 1m b/d in just 18 months, and much more is in the pipeline. The top four investors—ExxonMobil, Chevron, Pioneer Natural Resources and Concho Resources, which is trying to takeover RSP Permian in a $9.5bn deal—alone have mapped out production growth of more than 2m b/d of oil by the mid-2020s. The dozens of smaller companies operating in the basin have their own ambitious plans. "It's easy to plot a path to 7m b/d," Pioneer's chief executive Tim Dove told a gathering of investors at an event hosted by the Independ

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