EU GAS OPPORTUNITIES
In February, the European Commission published a Communication that describes the rationale for a European Energy Union, which was first proposed by then Polish Prime Minster Donald Tusk, now president of the European Council.
Energy insecurity in the European Union has two main sources: gaps in the integration of the European energy market, especially in regions such as Central and Eastern Europe, and disruptions of imports. To combat these problems, the Energy Union strategy focuses in two of its five dimensions on removing energy islands and bottlenecks from the infrastructure map of Europe, and on developing solidarity mechanisms for preventive planning and emergency responses…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.