Qatar Reports Trade Surplus
Qatar’s Planning and Statistics Authority released a report highlighting a trade surplus of 22 billion Qatari riyals ($6 billion) in April 2023.
This represents a 3.5% increase compared to the previous month but indicates a decline of 35.6% on an annual basis.
During the same period, the value of merchandise imports dropped by 6.3% year-on-year and 9.3% month-on-month, reaching an estimated 8.7 billion riyals.
April also saw a significant decrease of 33.2% in the value of Qatar’s exports of oil, gas, and condensate, amounting to 18.6 billion riyals compared to the previous year.
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Plastic Industry Going Through Global Changes
The global technology race is well underway in artificial intelligence, semiconductors, and space technology, but, in many cases, it would still be at the starting line without polymers. Plastics are ubiquitous and often foundational in the production process. Yet, the petrochemicals and plastics industries are experiencing their own tectonic changes. It’s time to talk about a new technology race — the polymer race — and what will separate the winners from the losers.
Global net oil refinery volume growth in 2024 is projected to be the highest since 1977, according to an RBC Capital Markets forecast published in April 2023. Refining capacity is expanding at a rate unseen in nearly two generations. And while some are predicting an end to this upward trend and threatening to leave refining capacities stranded, in the long run, they are probably mistaking short-term volatility for something else.
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The Crude Life Stops By Ag Day
The Crude Life’s Chief Intention Officer Jason Spiess and mascot FracleBerry Hound recently made a surprise appearance at the Morton County Ag Day in Bismarck, North Dakota, by hosting “Wattage Wednesday” on KLXX SuperTalk 1270’s Talk Of The Town and engaging with Future Farmers of America (FFA).
“What a fun day interviewing FFA students, exotic animal farmers and fuel oil drivers at Morton County Ag Day,” Spiess says. “It is critical for The Crude Life to continue to interact and listen to [people of] all ages and walks of life.”
Spiess interviewed a number of students about raising animals, industry image, especially in regard to energy and agriculture, as well as picking rocks. For the uninitiated, picking rocks is a rite of passage and a popular job every farm kid has. A row of kids – generally consisting of kin, cousins and neighbors – walks the field in front of a tractor with a front loader, bends over when they see a rock bigger than a pea, and throws it into the front loader. The next time you see a pile of rocks next to a farm field, you’ll know why it’s there.
Click here for the entire feature from The Oilman Magazine
Gov. Gordon to Speak at the Energy Expo In Jackson Hole
The Energy Exposition has educated tens of thousands of people in Gillette, Wyoming; Billings, Montana, and Loveland, Colorado, over the last 20 years on procedures, technology, safety, environmental practices, and equipment used in the oil and gas industry.
The serious work of producing and supplying energy to the United States and the rest of the world begins Tuesday morning, September 19th, with attendees and presenters gathering at the Snow King Events Center. Dr. Glen Murrell, the first Executive Director of the Wyoming Energy Authority, will open and welcome everyone to the event.
Exhibitors and Symposiasts represent a wide range of services, including but not limited to, exploration, production, downstream, and all phases of support to the oil and gas industry.
Wyoming produces 13 times more energy than it consumes, and it is the second-biggest net energy supplier among the states, after Texas.
Wyoming has been the top coal-producing state since 1986, accounting for about two-fifths of all coal mined in the United States in 2020. The state holds nearly two-fifths of U.S. coal reserves at producing mines.
Wyoming was the eighth-largest crude oil-producing state in the nation in 2021, accounting for slightly more than 2% of U.S. total crude oil output. The state was the ninth-largest natural gas producer, and accounted for about 3% of U.S. marketed gas production.
Wyoming’s large energy-producing sector and small population help make the state have the highest per capita energy consumption and the second-most energy-intensive state economy, after Louisiana.
Wind power in Wyoming has more than doubled since 2019 and accounted for 19% of the state’s electricity net generation in 2021. The amount of installed wind power-generating capacity in the state nearly doubled to just over 3,000 megawatts during 2020 and 2021.
As the marketing slogan goes, Wyoming is setting the stage on how to use all sources of energy.
To reserve Exhibit Space contact
Austin Jennings
239-898-3923
austin@energyexposition.com
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The Crude Life Daily Radio News & Lifestyle Update
Dr. Loren C. Scott, energy and economic expert, explains why Europe, especially Germany, is investing in Louisiana and east Texas right now.
Click here for the exclusive, full length interview.
Loren C. Scott & Associates, Inc., is a 35-year old firm that provides economic consulting and public speaking services for a wide range of clients. Consulting activities include impact studies, forecasting services, analysis of policy proposals, and general economic analyses. Consulting clients include BP, ExxonMobil, Entergy Corporation, J. P. Morgan Chase, Capital One Financial, Nucor, Sasol, and a diversity of others. Our objective is to put together the very best team of associates to attack our client’s problems. Dr. Scott makes 50-70 presentations a year on the state of—and the outlook for—the economy and the energy sector in particular.
He is one of the 32-member National Business Economic Issues Council, which meets quarterly to discuss issues of state, national, and international interest. This group has experts who cover international trade, Washington economic policy, retail trade, trucking, steel, chemicals, etc. Dr. Scott is an energy specialist on the NBEIC. He has been appointed to the Economic Advisory Board of the U.S. Council on Competitiveness—a group made up of the CEOs of the Fortune 100, top university presidents, and presidents of three major unions.
He has been interviewed on MSNBC, CNBC, Bloomberg TV, and several local TV stations and his work has been cited in such publications as the Wall Street Journal, the Financial Times, USA Today, the Los Angeles Times and the Moscow Times, to name a few.
Dr. Loren C. Scott is President and founder of the firm. He was on the Economics Department faculty at Louisiana State University from 1969 to 1998, where he rose through the ranks from Assistant Professor to the holder of the Freeport-McMoran endowed Chair of Economics. He is presently Professor Emeritus of Economics at LSU.
Over the thirteen-year period from 1983-96, Dr. Scott was the chairman of the Economics Department at LSU. During that time, the Department’s ranking among the 3,000 economics departments in the U.S. rose from 101st to 38th. He received 7 awards at LSU for outstanding classroom teaching.
Dr. Scott is co-developer of the Louisiana econometric model, a model used for providing annual forecasts of the Louisiana economy, which are released each fall. He was a co-investigator on over $1 million in grant research at LSU and is the author of over 75 articles and technical reports in addition to reports written for consulting clients.
The Crude Life Daily Update has been running as a 3-minute news and lifestyle short on radio stations since 2011. In 2015 online podcast portals and news outlets were added to the list of distributors.
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Award winning interviewer and broadcast journalist Jason Spiess and Content Correspondents engage with the industry’s best thinkers, writers, politicians, business leaders, scientists, entertainers, community leaders, cafe owners and other newsmakers in one-on-one interviews and round table discussions.
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Qatar, East Texas, Innovative Plastics and Ag Day