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Fosil Fuels
Despite the Current Decline, Oil Market on the Path to Rebalancing
“Higher oil demand is expected in the 3rd and 4th Quarters”, HE Dr Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President said, expressing positive sentiments in a brief released from OPEC. He added that,…
Lower oil prices affect global growth of mining industry, says UNIDO report
Global production growth from mining activities remained low in 2015 and was significantly affected by lower crude oil prices, and the combined production of mining and utilities rose a mere 1.0 per cent in 2015, according to a report released…
IEA releases Oil Market Report for August
Crude oil prices eased to around $45 per barrel in August as a global supply overhang weighed and demand growth weakened, the newly released IEA Oil Market Report (OMR) for August informs subscribers. Brent crude had threatened to break below…
Russia Open for Talks on Gas Price Discount for Turkey – Energy Minister
Russia is willing to discuss a lower price for natural gas deliveries to Turkey, the Russian energy minister said Tuesday after President Vladimir Putin met with his Turkish counterpart in St. Petersburg. At the end of 2015, Russian gas accounted…
Scientists convert carbon dioxide, create electricity
While the human race will always leave its carbon footprint on the Earth, it must continue to find ways to lessen the impact of its fossil fuel consumption. “Carbon capture” technologies — chemically trapping carbon dioxide before it is released…
Bulgaria-Greece Gas Interconnector Construction Faces Delay – Report
The start of construction on the gas interconnector between Bulgaria and Greece could be delayed by at least six months, a Bulgarian media report said on August 4. Even though the project has been labelled repeatedly as a top priority…
IEA releases Oil Market Report for July
Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only partially offset non-OPEC declines, the newly released IEA…