Japan's Painful Choice On The Ukraine Crisis
Japan's embrace of Russia under threat with Ukraine crisis
Moody's sees oil at USD90 by 2020
Over 670,000 new oil wells will need to be drilled in order to meet global energy demands according to a report published by energy business research group Douglas-Westwood (DW).
Silver-lining to Japan's energy crisis
Projected world petroleum and other liquids supply increases by 1.7 million barrels per day (bbl/d) in 2014 and 1.4 million bbl/d in 2015, with most of the growth coming from countries outside of the Organization of the Petroleum Exporting Countries (OPEC)
The Organisation for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF) are forecasting steady global economic growth at 3.6%.
Oil and gas production in northern Norwegian fields dropped significantly in the course of 2013.