2014-11-04 19:45:00
OIL PRICES FALLING
Oil prices are in free fall this morning after it emerged that Saudi Arabia, the world's largest exporter, had slashed its contract price for its US customers in a further sign of an escalating war for control of global energy markets.
Brent crude - a benchmark made of oil from 15 North Sea fields against which almost half the world's petroleum is priced - fell 1.4pc to $83.61 in the morning trading session in London.
US crude futures are now trading at around $77 per barrel, a figure that will squeeze the profitability of shale oil producers in the US who are seen to be the biggest threat to the domination…
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2020, September, 28, 11:44:00
TANK FARMS AND OIL TERMINALS IN RUSSIA, CONFERENCE AND EXIBITION
We are glad to announce that the 15th Technical Conference Tank Farms and Oil Terminals: from Advanced Design to Operational Excellence 2020 is now open.
The event will take place on 12-13 November 2020, in Saint-Petersburg.
2020, September, 28, 11:40:00
CHINA'S CARBON NEUTRALITY 2060
Official greenhouse gas measurements place China as the world’s largest emitter, at almost 12,500 million tonnes a year,
2020, September, 28, 11:35:00
VIRTUAL POWER PLANTS FOR CONSUMERS
Now, electric grids are increasingly decentralizing, giving rise to cloud-based systems that pool resources to meet fluctuating consumer demand.
2020, September, 28, 11:30:00
U.S. RIGS UP 6 TO 261
U.S. Rig Count is up 6 from last week to 261, Canada Rig Count is up 7 from last week to 71
2020, September, 25, 13:20:00
OIL PRICE: NEAR $42
Brent was up 30 cents at $42.24 a barrel, WTI rose 23 cents to $40.54 a barrel.
2020, September, 25, 13:15:00
U.S. GAS CONSUMPTION DOWN
Natural gas consumption in the U.S. industrial sector declined from 25.4 billion cubic feet per day (Bcf/d) in January 2020 to 20.1 Bcf/d in June 2020,
2020, September, 25, 13:10:00
CHINA LNG IMPORTS UP
China LNG imports are set to hit a record 65-67 million tonnes this year