OIL PRICES: CONTINUED TO DECLINE
- Monthly average crude oil prices continued to decline during November. The average domestic crude oil first purchase price fell $7.76 (9.8 percent), to $71.07 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil dropped $6.04 (7.9 percent), to $70.80 per barrel. The average landed cost of foreign crude oil declined $7.35 (9.1 percent), to $73.48 per barrel.
- The average refiner acquisition cost for domestic crude oil fell $9.65 (11.1 percent), to $77.08 per barrel. The average cost of imported crude oil…
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2019, November, 15, 13:55:00CHINA NEED COAL
BP's Energy Outlook estimates coal's share of China's energy mix to fall to 35% in 2040 from 60% in 2017, but for the country to remain the world's largest consumer of coal and account for 39% of global coal demand in 2040.
2019, November, 15, 13:50:00NORD STREAM 2 AMENDMENTS
"The law implements a European compromise, in which we, together with France and the Commission and other member states played a major role," Altmaier said.
2019, November, 15, 13:45:00U.S. DECARBONISATION 2050
A U.S. Climate Agenda recommends that a U.S. decarbonization strategy be guided by these key objectives: achieving net-zero emissions no later than 2050,
2019, November, 13, 13:05:00OIL PRICE: NOT ABOVE $62 AGAIN
Brent edged down 32 cents, or 0.5%, to $61.74 a barrel , WTI was at $56.54, down 26 cents or 0.5%.
2019, November, 13, 13:00:00NEW ENERGY ERA
Delivering the opening keynote address, at the event, Dr. Al Jaber said the oil and gas industry is being disrupted by new technologies, new business models, new forms of energy and a new geopolitical order, with the rise of Asia.
2019, November, 13, 12:55:00GLOBAL OIL DEMAND PLATEAU: 2030
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century
2019, November, 13, 12:50:00INDIA'S OIL NEED INVESTMENT
Pradhan said Indian Prime Minister Narendra Modi recently met with the chief executives of energy firms in Houston, including those from Exxon Mobil Corp, BP Plc, Royal Dutch Shell, Rosneft Oil Co, Saudi Aramco and Abu Dhabi National Oil Co (Adnoc).