Latest news
China could soon become the biggest oil importer in the world
According to new figures from the U.S. Energy Information Administration, China could surpass the U.S. as the world’s largest net oil importer before the end of this year. EIA projects that total annual oil production in the USA will increase 28% in the period from 2011 to 2014, lessening the country’s reliance on foreign oil.
read more... 03/09/2013
Daily: Crude oil jumps on U.S. stockpiles drop
Brent crude increased on Wednesday, while gasoline prices dropped slightly after U.S. EIA reported a 6.9 million barrel decrease in American crude stockpiles and larger-than-expected increases in gasoline inventories. Brent crude rose 47 cents to settle at $108.61 a barrel. Meanwhile, WTI added 48 cents to settle at $106.48 a barrel.
read more... 18/07/2013
EIA: Natural gas demand to slow by 2018
The IEA has currently released a new report according to which the natural gas demand for power generation will slow in the next five years because of a decline in EU demand and problems in the Middle East and Africa with upstream production boost.
read more... 21/06/2013
IEA: an increase of US shale gas prices could provoke a return to coal
According to a report from the U.S. Energy Information Administration (EIA), the production of energy from coal is little by little regaining market share from natural gas-fired power generation. After years of cutting back on its consumption in favor of low-emitting gas, the world's largest economy to increase its use of coal, because of a probable increase of shale gas prices.
read more... 30/05/2013
US emissions are declining
Emissions of carbon dioxide in the United States are declining; meanwhile coal and shale gas exports are increasing sharply causing a further darkening of skies over Europe and Asia. According to figures showed by EIA, US coal exports reached a record of more than 115 million tons in 2012, more than double if compared to 2009 figures, and a 17% increase over the previous year.
read more... 27/03/2013