MARKETS: EIA sees further increases in global oil demand and supply for 2015, slashes crude price outlook

(EnergyAsia, January 27 2015, Tuesday) — The US Energy Information Administration (EIA) has raised its forecasts for both global oil demand and supply growth for 2015 in its January report compared with the previous month. It has also sharply slashed its forecast for crude prices with North Sea Brent to average $58 per barrel in […]

Continue Reading 0

RUSSIA: Crude sales to surge on reduced export duty and weaker refinery demand, says ESAI

(EnergyAsia, January 26 2015, Monday) — Russia will increase its crude sales abroad by about 200,000 b/d next month in response to reduced export tax rates and weak demand from domestic refiners, according to US-based consultant ESAI Energy. In its CIS Watch report, ESAI said it expects Russia to export more crude oil and less petroleum […]

Continue Reading 0

MIDDLE EAST: Oil-exporting countries in region and nearby areas to lose US$300 billion from falling prices, says IMF

(EnergyAsia, January 23 2015, Friday) — The oil-exporting countries in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) and the Caucasus and Central Asia (CCA) regions will lose an estimated total of US$300 billion in export revenues this year as a result of the oil price collapse, said the International Monetary Fund (IMF).   […]

Continue Reading 0

AUSTRALIA: Earnings from resources and energy exports to decline by 10% in 2014-15, says Department of Industry

(EnergyAsia, January 21 2015, Wednesday) — Due to lower commodity prices, Australia’s earnings from natural resources and energy export earnings will fall by about 10% to A$176 billion in the current financial year to June 30, said the Department of Industry. (US$1=A$1.22). Earnings from liquefied natural gas (LNG) exports will buck the general trend to […]

Continue Reading 0

AUSTRALIA: Woodside, Adani to jointly develop LNG assets and business opportunities

(EnergyAsia, January 19 2015, Monday) — Australian upstream company Woodside Petroleum is hoping to develop and sell liquefied natural gas (LNG) to India through its budding relationship with one of India’s leading infrastructure companies, Adani Enterprises Limited. The companies announced last week that they had signed a memorandum of understanding to identify and develop liquefied […]

Continue Reading 0

MARKETS: Most developing countries will benefit from oil price slump, says World Bank

(EnergyAsia, January 16 2015, Friday) –— Most oil-importing developing countries are positioned to reap “substantial” benefits benefit from the collapse in crude prices, now expected to hit six-year lows, said the World Bank. In an analysis in its latest edition of Global Economic Prospects, the bank said it expects oil prices to remain weak through with “significant” […]

Continue Reading 0

ASIA: Chinese, Malaysian state firms interested in TAPI gas pipeline

(EnergyAsia, January 15 2015, Thursday) — Chinese and Malaysian state-owned firms along with France’s Total are believed to have expressed interest in participating in the development of a proposed US$10 billion pipeline to deliver natural gas from Turkmenistan to Afghanistan, Pakistan and India.   This complete article is available to Members Only […]  

Continue Reading 0

Developed by Bowtie