MARKETS: OPEC maintains forecasts for world oil demand growth for 2012 and 2013

(EnergyAsia, October 1 2012, Monday) — For the third consecutive month, the Organisation of Petroleum Exporting Countries (OPEC) has maintained its forecasts for global oil demand to grow by 900,000 b/d to 88.74 million b/d in 2012 and by 800,000 b/d to 89.55 million b/d next year. The cartel’s outlook contrasts that of the US (more…)

ENVIRONMENT: Siemens puts out global call for best ideas in urban solutions

 (EnergyAsia, October 1 2012, Monday) — Germany’s engineering and infrastructure giant Siemens has launched a global competition, “Empower people. Award” to reward the best solutions to urban challenges in cities. The company is encouraging people across the world to provide innovative and sustainable solutions to address the pressing problems faced by developing countries. The competition, (more…)

ASIA: Canada faces uncertain energy future without improved market access, says ex-Cabinet Minister

 (EnergyAsia, October 1 2012, Monday) — Canada must look beyond the US to develop new markets in Asia, in particular China, if it is to realise the potential of its oil and gas resources and play a bigger role on the global markets, said a former Cabinet Minister from the ruling Conservative government. Jim Prentice, (more…)

MARKETS: EIA raised forecast for 2013 world oil demand to grow by 1 million b/d to 90.1 million b/d

(EnergyAsia, October 1 2012, Monday) — Buoyed by demand in the emerging economies, global oil consumption will reach a record 90.1 million b/d next year, up by slightly over a million b/d from 2012, said the US Energy Information Administration (EIA) in its September short-term energy outlook. This latest forecast represents an upward revision from...

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