The Norwegian Oil and Gas Association, the peak industry group which represents the major producers offshore Norway, said Thursday a proposed tax being considered by the government could led to a decline in production and urged it to ...
Tags: Norway Oil, Gas Group
China should take advantage of relatively low coal prices and import more to satisfy electricity demand in its most populous provinces, instead of relying on domestic coal, which is expensive to transport, according to a Chinese government ...
Tags: domestic coal, coal prices, coal
US commercial crude stocks failed to fall for the sixth straight reporting week data from the Energy Information Administration showed Wednesday, climbing 1.13 million barrels over the week ended February 22 to 377.518 million barrels, ...
US crude production rose to 7.01 million b/d in January for the first time in 20 years, the American Petroleum Institute said Thursday. Domestic crude production, including condensate, was up 14.3% from output of 6.14 million b/d in ...
Tags: crude production, US, etroleum Institute
Crude exports from OPEC kingpin Saudi Arabia fell to 7.062 million b/d in December last year, the lowest level since September 2011 when exports averaged 6.813 million b/d, data from the Joint Organizations Data Initiative, or JODI, show. ...
Tags: Crude exports, crude production, crude
China's dependence on foreign crude oil and refined oil products is set to increase, but the government has placed a cap at 61% of total requirements for the end of the current five-year economic plan in 2015, according to a new government ...
Tags: China, crude oil, refined oil products, energy development
Crude oil production by Norway, the world's eighth largest exporter, is expected to fall 4% in 2013 to 1.47 million b/d, from 1.53 million b/d in 2012, the Norwegian Petroleum Directorate said on Friday. The NPD also said it expected gas ...
In a recent report,US based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years,as this factor is among the most important ones when it comes to ship owning operating costs. ...
Tags: average bunker prices, Arts, Crafts, Mcquilling Services
Russia's crude oil production hit a record high of 518 million mt (10.4 million b/d) in 2012, preliminary data released Wednesday by the energy ministry's Central Dispatching Unit showed, as the country cemented its position as the world's ...
Tags: Russia, crude oil production, oil, oil industry
In a first-ever meeting, peak oil proponents met with the US Energy Information Administration earlier this month to urge the nation's top statistical agency to temper its rosy outlook on future US energy production. Representatives ...
Tags: peak oil proponents, US, statistical agency, energy production
Reuters reported that energy over metals, raw over refined, sums up the likely theme for China's commodity demand next year. Commodity markets had become accustomed to China as a voracious consumer of resources, but 2012 showed that ...
Tags: Commodities Market, Market Trend, Metallurgy, Mineral Energy
OPEC ministers gathering in Vienna have two tasks ahead of them on Wednesday: fix crude output policy for the year ahead and appoint a new secretary general to succeed the outgoing Abdalla el-Badri. While the 12-member group appears ...
AFP reported that Sudan and Saudi Arabia are targeting 2014 start for deep water mining of a Red Sea basin believed rich in gold and copper. Mr Ali al Naimi Saudi Minister of Petroleum and Mineral Resources said that Manafa ...
Tags: deep water mining, gold exploration, copper exploration
Gulf News reported that Alberta, Canada's oil producing heartland and Quebec's separatist government will study the benefits of shipping the western province's crude to refineries in Quebec, a shift that could help cut the industry's ...
Tags: oil producing, Eastern Canadian refineries, energy industry