BP on Wednesday raised its estimate of global energy demand in 2030 and predicted that shale natural gas, tight oil and biofuels will play an increasingly important role in meeting the world's energy needs. World energy demand will ...
Tags: BP, global energy demand, natural gas, oil, biofuels
The Monday evening closure of a key North Sea Brent crude platform, the Cormorant Alpha (See story, 1307 GMT), has not had any marked impact on the key Dated Brent price benchmark assessment. The outright price of the Dated Brent ...
Tags: Dated Brent benchmark, crude oil, oil price
Moscow hasn't reached any agreement with Minsk on supplies of 23 million mt of Russian crude oil to Belarus in 2013, Russia's energy ministry said Friday in a statement, denying reports in the Belarus media earlier in the day. ...
The West's energy agency said that Global oil demand will be sluggish throughout 2013 as economic expansion remains tepid also predicting comfortable oil supply levels which could alleviate oil price pressures on consumers. The ...
Tags: oil, oil demand, oil supply, oil price
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
Reliance Industries Limited (RIL) reported its financial performance for the quarter/half year ended 30th September, 2012. Highlights of Half Year’s Performance Revenues (turnover) increased by 14% to Rs 188,191 crore ($ 35.6 ...
Tags: financial performance, RIL, heavy crude oil
There is no question, the jump in pump prices these past few years have shaken the economy and challenged households. The upside is that higher fuel prices have fueled the so-called green revolution and high-tech transportation development. ...
BR reported that crude oil and gold prices scored one month highs this week boosted by Middle East tensions the faltering dollar and upbeat economic data but other commodities diverged amid holiday curtailed US trade. Dealers said that ...
Global oil markets are sufficiently supplied, with increased production from North Dakota and Saudi Arabia making up for depressed Iranian exports, Maria van der Hoeven, executive director of the International Energy Agency said Tuesday. ...
Tags: oil markets, oil supply, the price of oil
Japan's lower house of parliament has endorsed a bill to allow Japanese government to insure Iranian crude oil importing shipments, in an effort to counter new US-European Union sanctions against Iran. Yet to be voted by the upper house, ...
Tags: Japan, Iranian crude oil, oil import, insurance policy
Gulf News reported that the UAE’s state run energy giant Abu Dhabi National Oil Company will lease oil storage facilities in South Korea capable of storing six million barrels of crude for three years. Korea National Oil ...
The Global market for electric vehicle (EV) charging stations is expected to grow at compound annual growth rate (CAGR) of 76.9% during 2011-2015, according to a new report. According to Research and Markets' 'Global Electric Vehicle ...
Tags: Global market, electric vehicle charging stations, annual growth
Taiwan`s exports to several emerging markets have clearly grown this year,and prospects look even brighter,according to Chao Yuen-chuan,President and CEO of Taiwan External Trade Development Council(TAITRA),the semi-official trade promoter. ...
Tags: emerging market, Taiwan, export, Middle East
Dialight , the innovative global leader in LED lighting technology, announced four of its class-leading LED hazardous location lighting products have achieved Brazil's INMETRO certification for safe, approved use in Zone 1 and Zone 2 ...
Tags: LED Fixture, led lighting