Global Markets: Oil Prices Steady After EIA Confirms Much Smaller Draw

Global Markets: Oil Prices Steady After EIA Confirms Much Smaller Draw

Crude oil prices remained steady today after the Energy Information Administration confirmed an API estimate of a crude oil inventory draw but a much smaller one than API’s 10.18 million barrels. The authority reported crude oil inventories in the United States had gone down by 1.2 million barrels in the week to December 7, the second weekly draw after a string of weekly increases, after a draw of 7.3 million barrels a week earlier. Advertisements

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Sustainability: “CO2 emissions keep rising” – EIA

Sustainability: “CO2 emissions keep rising” – EIA

The stark news that we’re bringing with us to the global climate conference this week is that carbon emissions from advanced economies are set to rise in 2018 for first time in five years. This is particularly worrisome for global efforts to meet the Paris Agreement.  “Our data shows that despite the strong growth in solar PV and wind, emissions have started to rise again in advanced economies, highlighting the need for deploying all technologies and energy efficiency,”…

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Global Markets: Oil Jumps 3% On Big US Crude Draw, Iran Sanctions

Global Markets: Oil Jumps 3% On Big US Crude Draw, Iran Sanctions

NEW YORK, Aug 22 (Reuters) – Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, after U.S. government data showed a larger-than-expected draw in crude inventories and as Washington’s sanctions on Iran signaled tightening supplies.

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Global Industry: EIA Stuns Oil Market With Huge Inventory Build

After plunging oil bulls into deeper gloom by forecasting a 131,000-bpd jump in shale oil production next month, the Energy Information Administration reported a 5-million-barrel increase in crude oil inventories for the week to March 9—in stark contrast to yesterday’s API figures.

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A world in transformation: World Energy Outlook 2017

The way the world meets global energy demand is changing dramatically according to the latest version of the International Energy Agency’s (IEA) flagship publication – World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation.

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Mozambique Oil & Gas: Country Moves Closer to LNG Development, But Hurdles Remain

Mozambique is moving closer to realizing its LNG development ambitions. Last month, the government signed contracts with Italian energy firm ENI and US oil and natural gas producer Anadarko Petroleum to build two separate LNG terminals in the country, Rigzone reports.

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Global Oil & Gas: EIA projects increase in OPEC net oil export revenues in 2017

For 2016, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues (unadjusted for inflation). This represents a 15% decline from the $509 billion earned in 2015, mainly as a result of the fall in average annual crude oil prices during the year, and to a lesser extent to decreases in the level of OPEC net oil exports….

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