(Wed, 26 Apr 2017) Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day (b/d) in May, based on estimates from EIAâs Drilling Productivity Report. Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell.
(Wed, 26 Apr 2017) Malaysia is a significant oil and natural gas producer in Asia and is strategically located amid important routes for seaborne energy trade. Malaysia is the worldâs third-largest exporter of liquefied natural gas and the second-largest oil and natural gas producer in Southeast Asia. Rising domestic and regional energy demand is prompting Malaysia to invest in upstream oil and natural gas projects and in downstream infrastructure such as oil and gas import terminals, storage facilities, and refining capacity to ensure adequate energy supply.
(Tue, 25 Apr 2017) After reaching a record high of 79 billion cubic feet per day (Bcf/d) in 2015, U.S. marketed natural gas production fell to 77 Bcf/d in 2016, the first annual decline since 2005. Texas, the state with the most natural gas production, fell by 2.5 Bcf/d, while Ohio and Pennsylvania each increased by about 1.2 Bcf/d.
On January 18, the US Customs and Border Protection released a 30-page general notice which could eliminate exemptions to the Jones Act. What chance the new administration will push forward a change opposed by API?
The introduction of sweeping reforms by India’s National Democratic Alliance government since they came into power in 2014 has given a new momentum to India’s manufacturing sector.
(Mon, 24 Apr 2017) The electricity generated by a solar photovoltaic (PV) system depends on the orientation and tilt of the PV panels, and in some cases, its ability to track the sun throughout the day. Because photovoltaic panels operate more efficiently when oriented directly at the sun, some systems use solar-tracking technology to increase electricity generation by rotating the panels along one or two axes.
In part two of a series on why oil prices have failed to rally despite OPEC's best efforts at managing supply cuts, we ask: Why is the market so bullish?
(Fri, 21 Apr 2017) Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15% above the five-year average according to EIA's <em>Weekly Natural Gas Storage Report</em>. The total inventory of U.S. natural gas in storage tends to follow seasonal patterns of injections through the summer and withdrawals during the winter.
France is facing its most uncertain presidential elections in decades. The outcome is critical not just on a geopolitical level, but also in terms national energy policy.
Sentiment for Chinese billet in export markets in SE Asia has not improved despite a slight rebound in China’s domestic billet market.
