Trends
![Trends](/cache/2014/10/RUSSIA-89.9adcf82d.jpg)
2014, October, 16, 21:50:00
RUSSIAN GAS: 2040
As the European calls for diversification away from Russian sources of natural gas continue in the wake of the Ukraine crisis, a just released study from The Brookings Institution shows that the European Union is likely to be using a lot of Russian gas even by the year 2040.
![Trends](/cache/2014/10/RUSSIA-90.8d294bcf.jpg)
2014, October, 16, 21:45:00
IMPORTANT RUSSIAN GAS
Europe’s natural gas supply mix likely won’t change much without drastic policy interventions despite recent renewed concern over instability in Ukraine, a new Brookings Institution policy brief concluded. This effectively will ensure a continuing significant market share for Russia, it said.
![Trends](/cache/2014/10/EUROPE-11.985389d3.jpg)
2014, October, 16, 21:40:00
EU GAS SHORTAGES
Bulgaria, Finland and Estonia could suffer major gas shortages if Russia cut off all its gas deliveries for six months, according to a report released Thursday by the European Commission.
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2014, October, 16, 21:20:00
S.AFRICA: 9 BLN BBL OIL
South African President Jacob Zuma outlined ambitious plans on Wednesday for oil andgas exploration in coastal waters that he said could contain as much as 9 billion barrels of crude and vast quantities of natural gas.
![Trends](/cache/2014/10/IEA-2.5d6cba31.jpg)
2014, October, 14, 20:50:00
IEA: OCTOBER OIL MARKET REPORT
The IEA Oil Market Report (OMR) for October reduced its forecast of global oil demand for 2014 by 0.2 million barrels per day (mb/d) from the previous month, to 92.4 mb/d, on lower expectations of economic growth and the weak recent trend. Annual demand growth for 2014 is now projected at 0.7 mb/d, rising tentatively to 1.1 mb/d in 2015 as the macroeconomic backdrop improves.
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2014, October, 14, 20:48:00
KUWAIT & SAUDI WON’T REDUCE: $76/BBL
Two of OPEC’s biggest members say they won’t immediately reduce oil production to offset tumbling prices, a signal the group is unlikely to heed Venezuelan calls for an emergency meeting.
![Trends](/cache/2014/10/IEA-3.d63ac882.jpg)
2014, October, 14, 20:45:00
IEA: ENERGY IS A KEY
Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub‑Saharan Africa, according to the International Energy Agency’s (IEA) Africa Energy Outlook, a Special Report in the 2014 World Energy Outlook series.
![Trends](/cache/2014/10/EUROPE-10.ce37bfc1.jpg)
2014, October, 14, 20:40:00
FOUR LESSONS FOR EU
Diversification of gas supply has been a strategic priority for the European Union since its dependence on imports began to grow in the early 2000s.
![Trends](/cache/2014/10/ROSNEFT-53.b2a91ed9.jpg)
2014, October, 14, 20:35:00
RUSSIA & CHINA: STRONG TIES
Russia seeks an acceleration of its business ties with China. Russian Prime Minister Dmitry Medvedev suggested on Monday that the two countries could soon reach an agreement on a second pipeline.
![Trends](/cache/2014/10/CHINA-40.db5ee0a5.jpg)
2014, October, 14, 20:30:00
EVEN STRONGER
Rosneft and Chinese National Petroleum Corporation (CNPC) signed an agreement for the extensions of strategic cooperation.
![Trends](/cache/2014/10/OIL-29.e69dadfb.jpg)
2014, October, 12, 20:15:00
OIL PRICE DROP HURTS OPEC
The continuing slump in global oil prices is punching holes in the budgets of oil-producing countries, including some OPEC members such as Iraq and Libya that are struggling with severe political and security problems.
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2014, October, 11, 19:40:00
U.S. HAS GONE BUST
The share-price boom at U.S. energy firms has gone bust, due to slumping global growth and tumbling crude prices.
![Trends](/cache/2014/10/OIL-39.b4712ec6.jpg)
2014, October, 11, 19:30:00
OIL PRICES DOWN
West Texas Intermediate extended its slump into a bear market amid speculation that rising global oil supplies will be more than enough to meet slowing demand. London’s Brent traded at the lowest price since December 2010.
![Trends](/cache/2014/10/EUROPE-9.5fe53689.jpg)
2014, October, 11, 19:20:00
EU ENERGY DIVERSIFICATION
Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.
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2014, October, 11, 19:15:00
ASIA REDUCES SUBSIDIES
Consumers in many Asian countries are missing out on the benefits of a global slide in oil prices and instead paying more at the pump as governments cut down on expensive energy subsidies.