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IEA sees oil below $80, what could go wrong? Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Oil prices are unlikely to rise consistently above $80 per barrel before the end of the decade, the International Energy Agency (IEA) predicted in the World Energy Outlook published on Tuesday. Slower growth in demand coupled with the transformational impact of shale on production costs ...

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Volatility and flash events in the oil market: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Crude oil prices have been more volatile this year than at any time since the financial crisis of 2008/09 and before that 1991, according to standard measures of price variability. Some of the increase in volatility is more apparent than real, however, as every $1 ...

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Oil industry frets about another lost decade: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Oil is an inherently cyclical business. The point is remarkably simple but it is amazing how often it gets forgotten by forecasters and investors. In the century and a half since the modern oil industry was founded with the drilling of Edwin Drake’s well in ...

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U.S. Supreme Court fires warning shot across EPA’s bow: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – In a rare defeat for the U.S. Environmental Protection Agency, the U.S. Supreme Court ordered it on Monday to reconsider whether the EPA’s regulations on mercury and other toxic emissions from power plants are appropriate and necessary. While the EPA considered the costs and benefits ...

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Global oil demand slowed to a crawl in 2014: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – World oil demand grew by just 843,000 barrels per day (bpd) last year, the slowest pace for 14 years, outside U.S. recessions. Consumption increased by less than 1 percent to 92.1 million bpd in 2014, according to the BP Statistical Review of World Energy published ...

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