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Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Daily: Crude oil gains 3% on weaker dollar, OPEC forecast
Crude oil gained 3 percent on Tuesday, as a weak dollar spurred commodities labeled in the currency and OPEC raised slightly its forecast for oil demand growth. Turmoil in Yemen also encouraged prices, intensifying concerns over security of Middle East supplies. North Sea Brent rose by $1.95, or 3 percent, to settle at $66.86. U.S. crude firmed by $1.50, or 2.5 percent, to close at $60.75 a barrel.
read more... 13/05/2015
National Grid forecasts lowest UK peak summer demand due to an increase in embedded PV installations
Power demand on Britain's grid is expected to reach a maximum of 37.5 gigawatts (GW) in summer 2015, the lowest ever forecast, due to an increase in embedded PV installations, as stated previously by National Grid.
read more... 12/05/2015
China’s crude oil imports rally to a record high in April
China, the world's second-largest crude oil buyer, registered a record high in its crude oil imports in April at 7.37 million barrels per day (bpd), as demand remains robust amid declining prices, encouraging stockpiling, according to data from the General Administration of Customs. In April, China imported a higher-than-expected 30.29 million tonnes of crude oil, while on a daily basis, April imports were up 13 percent compared with March.
read more... 08/05/2015
Lithuania thinks about re-exporting LNG since Russian gas becomes cheaper
Lithuania is envisaging to permit its liquefied natural gas import terminal to re-export LNG to global markets during summer when local demand drops, as stated by the facility's operator on Monday.
read more... 15/04/2015