Tag Archives: petroleum
Expected growth in non-OPEC production reduces the call on OPEC crude required to balance the market (6/11/2014)
On June 11, the Organization of the Petroleum Exporting Countries (OPEC) reaffirmed the group’s crude oil production target of 30 million barrels per day (bbl/d) that has been in place since December 2011. This target is slightly above the 29.8-million-bbl/d call on OPEC crude oil and global stocks during 2014 presented in the June Short-Term Energy Outlook (Figure 1). … Continue reading
NEW YORK (AP) – Renewable energy is growing fast around the world and will edge out natural gas as the second biggest source of electricity, after coal, by 2016, according to a five-year outlook published by the International Energy Agency. Continue reading
The fundamentals took control of the short term oil price direction over the last two sessions even though there is still no sign that any of the massive QE programs are going to end anytime soon…. Continue reading
SUMMARY OF PROVISIONS: Section one amends paragraph 7 of subdivision (a) of section 301-b of the tax law to change the current exemption for B20 to include all biodiesel blends. The amount of the exemption is based … Continue reading
Clean Cities coalitions all across the country are helping their communities get ready for plug-in electric vehicles.
New breakthroughs in cellulosic ethanol production.
* Brent trims losses after dropping $3 per barrel * U.S. retail sales, consumer sentiment drop * Brent crude price drops to lowest since July * Coming up: CFTC positions data 3:30 p.m. EDT Friday (Adds … Continue reading
This article: U.S. Crude Oil Supplies Expand to 23-Year High
One of two new oil refineries being built in North Dakota broke ground this week: The 20,000-barrels-per-day Dakota Prairie facility, which is scheduled to be built in 20 months…. Continue reading
Khalid al-Falih, chief executive of Saudi Aramco, Saudi Arabia’s national oil company, recently said it will add 550,000 barrels a day of new crude production capacity by 2017 from two onshore fields, Khurais and Shaybah…. Continue reading