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2016-09-05 18:50:00

ASIA'S OIL PRODUCTION DOWN

ASIA'S OIL PRODUCTION DOWN

 

SOUTHEAST ASIA OIL GAS MAP

According to REUTERS, a widening gap between Asia's oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices.

Asia's net oil imports surpassed the total amount of oil consumed…

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Tags: SOUTHEAST, ASIA, OIL, PRODUCTION
Chronicle:
ASIA'S OIL PRODUCTION DOWN
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MASTERING WIND POWER 23 – 30 June 2021
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ASIA'S OIL PRODUCTION DOWN
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U.S. OIL INVENTORIES DOWN 5.9 MB TO 492.4 MB
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OIL PRICE: ABOVE $64 STILL
Brent rose 85 cents, or 1.3%, to $64.52 a barrel. WTI added 82 cents, or 1.4%, to $61 a barrel.
ASIA'S OIL PRODUCTION DOWN
2021, April, 14, 12:15:00
GLOBAL OIL DEMAND WILL UP BY 6 MBD
In 2021, world oil demand growth is expected to increase by about 6.0 mb/d y-o-y, representing an upward revision of about 0.1 mb/d from last month’s report.
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U.S. OIL PRODUCTION WILL UP
Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and its alliance cut production to strike a balance between demand and supply. The fossil fuel is also getting a bump as Covid-19 vaccinations progress and Americans travel again, boosting gasoline consumption.
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EUROPE NEED €150 BLN PER YEAR
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EUROPEAN WIND INVESTMENT $51 BLN
The investments financed 19.6 GW of capacity that will be constructed in the coming years. Around 13 GW of this will be in the EU.
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