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The Top 5 Oil Producers of 2023

The Top 5 Oil Producers of 2023

The United States has significantly increased its crude oil production, surpassing earlier expectations and maintaining its position as the world's largest oil producer.

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What’s Driving America’s New Oil and Gas Boom?

Despite a significant reduction in the number of drilling rigs, the U.S. is on track to set new records in oil and natural gas production, largely due to technological advancements and the completion of previously drilled wells.

1 day ago

OPEC's 2024 Crude Oil Production Cuts, Explained

OPEC, aiming to maximize the value of its member countries' oil reserves, agreed to a significant production cut to influence global oil prices and maintain market influence, considering the rise in non-OPEC production like the U.S. shale boom.

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The Remarkable Rise of Qatar as a Diplomatic Powerhouse

Qatar, the leading exporter of LNG in the Middle East, has become a trusted mediator between the U.S. and its allies and the China-Russia axis.

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Guyana and Macau Top Global List of Fastest-Growing Economies

Guyana is experiencing a substantial economic boom, with an estimated 38.4 percent growth in GDP in 2023, largely due to significant oil discoveries.

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The Big Problem With Electrifying Everything

Global fossil fuel usage in electricity production has only marginally reduced over the past 50 years, challenging the prospects of achieving COP28 goals and decarbonizing effectively.

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China Explores Major Infrastructure Projects in Caspian Ports

China is actively exploring the development of infrastructure projects in Kazakhstan and Kyrgyzstan, including port facilities, railway lines, and air routes, to enhance regional connectivity and trade.

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