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The reports offer an integrated view of the global crude and refined products landscape, anticipating short- to medium-term developments and trends in the world oil market. Topics include supply, demand, and price outlooks and analysis; insight on geopolitical events and their impact on the market; and the strategic implications.
Ecuador's Presidential Elections
The rise of President Rafael Correa in Ecuador and his open allegiance to Venezuelan President Hugo Chávez's government and regional agenda has created an interesting atmosphere in Latin America ...
Publication Date: FEB 2007
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Toward a 'Soft Escalation' in the Iranian Nuclear Crisis? Setback and Sanctions for Iran's President Mahmoud Ahmadi-Nejad
Less than a month before the final deadline set by UN resolution 1737, the issue of Iran's nuclear status seems deadlocked. Tehran rejected UN measures, which ban import and export of materials and t ...
Publication Date: JAN 2007
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Energy Independence
A cry for "energy independence" is being heard across the nation, and loudly so in Washington. In a Wall Street Journal Opinion Page essay, CERA Chairman Daniel Yergin argues that if independence is ...
Publication Date: JAN 2007
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Shifting Value: China's Downstream Oil Value Chain
On January 1, 2007, China opened its oil products wholesale sector to greater foreign participation as part of its World Trade Organization commitments. But on initial inspection the Chinese products ...
Publication Date: JAN 2007
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Is the Relationship Over? Oil and Natural Gas Prices in North America
The future relationship between natural gas and oil prices remains a primary concern in the boardrooms of most energy companies today, both buyers and sellers. Understanding the relationship is criti ...
Publication Date: JAN 2007
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Gasoline and the American People 2007 - Printed Copy
As gasoline prices in the United States rise sharply, the composition of a gallon of gasoline undergoes changes for environmental, supply, tax, and cost reasons, and American drivers struggle to resp ...
Publication Date: JAN 2007
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What Way Out? The Report of the Iraq Study Group and the New Urgency
Over a nearly nine-month period, the bipartisan Iraq Study Group analyzed the US role in Iraq and concluded that the escalating violence there puts a stark choice before the US government: Despite di ...
Publication Date: DEC 2006
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A Fragile Compromise: Bolivia's New E&P Contracts
With the renegotiation of all Bolivian upstream operations contracts completed on October 31, the Evo Morales Administration scored a political coup. The opposition's boycott of the subsequent Senate ...
Publication Date: DEC 2006
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Brazil Eighth Round: Campos Excluded for the First Time
Brazil Eighth Round: Campos, Casualty of Energy Security StrategyFor the eighth Brazilian round on November 28-29, 2006, the government has surprised the market by its unexpected decision to significantly reduce the area offered compar
Publication Date: NOV 2006
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Canadian Oil Sands Rush Sparks Innovations
Canadian Oil Sands Rush Sparks InnovationsSeveral challenges have put the commercialization of Canadian oil sands at risk. The size of "the prize"-an estimated 174 billions of economically recoverable reserves-has created an urgency to
Publication Date: NOV 2006
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Gazprom's Vice Chairman and Gazprom's Oil Company President Ryazanov Dismissed
Aleksandr Ryazanov DismissedAleksandr Ryazanov was dismissed yesterday evening as vice chairman of Gazprom. He had been responsible for a wide range of functions at Gazprom, including the domestic gas market, relations with importers a
Publication Date: NOV 2006
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Why the "Peak Oil" Theory Falls Down -- Myths, Legends, and the Future of Oil Resources
The peak oil debate continues to rage without any obvious progress. But, upon examination, the peak oil theory falls down because of serious flaws in logic and application. CERA's view, based on two ...
Publication Date: NOV 2006
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Ethanol and the Oil Market: From Hydrocarbons to Carbohydrates?
Ethanol's rise from a niche business to a rapidly growing industry is being driven by a confluence of drivers-some new, some old. This Private Report examines these drivers, including high petroleum ...
Publication Date: OCT 2006
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Venezuela Facing New Taxes
Venezuela's Amended Hydrocarbon Fiscal Framework: A Straitjacket on Heavy Oil Developments?Recent amendments to Venezuela's hydrocarbon and income tax laws have taken three additional steps toward consolidating government control and v
Publication Date: OCT 2006
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Overcoming Challenges to Growth in the Canadian Oil Sands
Canadian Oil Sands: Six Constraints to GrowthAfter many years of being dismissed as a high-cost fringe activity, Canadian oil sands have been embraced by the oil industry as a mainstream approach to achieving reserve growth and energy
Publication Date: OCT 2006
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Volatility Calmed in China's Energy Markets
Quarterly Market Commentary: Return to Stable FootingPersistently rapid economic growth during the first half of 2006 has allowed little relief for China's energy markets. A long-anticipated "soft landing" has yet to play out, compromi
Publication Date: OCT 2006
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Ecuador's Correa a Challenge to Development Path?
Ecuador's Presidential Elections: A Reformist Illusion?The rise of Rafael Correa, a radical national-populist candidate, in Ecuador's presidential race has caused international concern at many levels. Ecuador's voters are turning to Ra
Publication Date: OCT 2006
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North Caspian Offshore: Implications of a Disappointment at Kurmangazy
What If Kurmangazy Comes Up Dry? Possible Implications for the North Caspian OffshoreMore than any other prospect, Kurmangazy has been the very symbol of the complex and shifting oil politics of the north Caspian offshore. But the disa
Publication Date: OCT 2006
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New Oil and Gas Frontier Challenges: Mitigating the Risks
Growth in global energy demand has pushed oil and gas companies to the frontier in search of oil and natural gas reserves to feed hungry economies and this has increased aboveground risk for companie ...
Publication Date: OCT 2006
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Energy in Ukraine: Ongoing Opportunities and Challenges
Energy and the Ukrainian Economy: Obstacles and Opportunities AheadThe gas standoff in January 2006 between Russia and Ukraine resulted in a price increase for imported gas that has raised fundamental questions about the future of Ukra
Publication Date: OCT 2006
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Mexico Election Results Final, But Still Challenged
Mexico's Elections Officially Reach the Grand Finale: A Political Juggling ActMore than two months after Election Day, Mexico's Federal Electoral Tribunal declared Felipe Calderón Hinojosa the elected president. The decision offic
Publication Date: OCT 2006
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Brazil's Presidential Election: Pragmatism and Energy Challenges
Brazil's Presidential Election: Pragmatism on the Eve of Energy Supply ChallengesOn October 1, 2006, Brazil will elect its next president for a four-year term. The race has narrowed to two candidates: the current president, Luiz Inacio
Publication Date: SEP 2006
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IT Standards Success and Failure: Revealing the Differences
Predicting the Success and Value of E&P Data StandardsLack of standardization of information technology systems has long been recognized as a cost carried by the industry. One estimate places the total value of such nonstandardizat
Publication Date: SEP 2006
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An Easy Victory, But Daunting Challenges Ahead for Yemen's President
Yemen: Saleh's Reelection--A Short-term Guarantee for a Brittle Country Under Ali Abdallah Saleh's apparently easy reelection, the initial cracks appeared in the president's grip on the country. First, the main opposition candidate, F
Publication Date: SEP 2006
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Turning Corporate Transparency into a Competitive Advantage
The new corporate transparency movement means that energy companies are increasingly operating in a fishbowl, sharing social and environmental data and corporate responsibility action plans with gove ...
Publication Date: AUG 2006
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Expansion Set to Continue: Global Liquids Capacity to 2015
Productive capacity has continued to expand in the past year and has absorbed the aggregate disruption generated by geopolitical difficulties and weather problems. At current high oil prices companie ...
Publication Date: AUG 2006
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Venezuela's Extra-Heavy Oil Policies Stall Investments
The lack of consistent EHO monetization strategies by Venezuelan hydrocarbon authorities is resulting in a lost golden opportunity as production from nonconventional reserves lags that of other count ...
Publication Date: JUL 2006
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China's Energy Markets in Realignment
In the second quarter of 2006 China's energy markets are finding some long-sought stability. Shortages and bottlenecks no longer plague the oil, power, and coal sectors, and China's policymakers are ...
Publication Date: JUL 2006
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Kuwaiti Energy Minister Ousted to Appease Winners of Parliamentary Elections
The strong showing of Islamic and liberal opposition at the June 29 parliamentary election is a setback for the ruling family, but much will depend on how the government handles the situation. ...
Publication Date: JUL 2006
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Finding and Development Costs-The Long View (Figure)
**Note: This piece of content represents a figure extracted from the full report, Global Finding, Development, and Production Costs Are Up Again. Click here to purchase the full docu ...
Publication Date: JUN 2006
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Global Finding, Development, and Production Costs Are Up Again
The cost to find, develop, and produce oil has been rising since 1995; this report looks at upstream costs across the globe, as well as drivers and longer-term trends. Costs-as distinct from the mark ...
Publication Date: JUN 2006
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Russia's Oil Production: Sizable (Although Slower) Growth Projected
Since mid-1999, average daily Russian crude oil output has grown by over 58 percent, lifting Russian production back onto a par with that of Saudi Arabia and propelling Russia into the forefront as a ...
Publication Date: JUN 2006
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Assessing the Risks of Confrontation with Iran
Uncertainty about Iran's intentions for its nuclear program and impatience with its tactics have led the United States, United Kingdom, France, Germany, and Russia to offer Iran a choice between susp ...
Publication Date: JUN 2006
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Florida Remains Vulnerable to Fuel Supply Disruptions for Generation this Hurricane Season
Florida relies on gas-fired generation to meet over 38 percent of the state's electricity requirements. Going into this summer's hurricane season, there is lingering concern about fuel supply disrupt ...
Publication Date: JUN 2006
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Mexico's Energy Security Debate: Shaping the Sector's Future
A new concept of energy security is gradually emerging in Mexico as energy affairs have regained prominence in the country's political agenda in light of the upcoming congressional and presidential e ...
Publication Date: JUN 2006
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Looking Ahead to Uribe's Second Term in Colombia
The Colombian presidential election on May 28, 2006, ushered in a new political order in Colombia. Uribe's agenda has set new priorities for the next four years--paving the way for a new approach to ...
Publication Date: JUN 2006
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Synfuels: High Oil Prices Threaten Economics
With oil prices remaining high, up to $4 billion worth of tax credits available to companies that produce synthetic fuel (synfuel) from coal under a government-sponsored program may become partially ...
Publication Date: JUN 2006
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Bolivia's Nationalization: The End of an Era?
Bolivia's nationalization of the oil and gas industry early May shakes both the energy sector and the geopolitical balance in the region. Will this dramatic move be the start of a regional nationaliz ...
Publication Date: MAY 2006
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Russian Refineries Making Gains in Gasoil Production, but Unlikely to Meet All of Europe's Rising Import Needs
Spurred by tightening product standards in Europe, the principal market for their exports of diesel fuel (gasoil), Russian refineries are now producing (and exporting) significant amounts of low-sulf ...
Publication Date: MAY 2006
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Can the Challenges of Distance, Time, and Culture be Overcome?
Successful virtualization of an exploration and production (E&P) work process demands that team members learn new communication skills and modify their expectations of coworker behavior in the wo ...
Publication Date: MAY 2006
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