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Archive for February, 2015

BP Energy Outlook projects global energy demand to jump 37% by 2035 Posted 19 February 2015 by Admin. Blog, Industry News

Global demand for energy is expected to rise by 37% from 2013 to 2035, or by an average of 1.4%/year, due in large part to ongoing economic expansion in Asia, particularly in
China and India, according to the latest BP Energy Outlook 2035.

Demand for oil is projected to increase 0.8%/year to 2035, coming entirely from countries outside of the Organization for Economic Cooperation and Development. Oil consumption within OECD peaked in 2005 and by 2035 is expected to have fallen to levels not seen since 1986. read more

EIA: US gasoline prices to average $1/gal less in 2015 vs. 2014 Posted 17 February 2015 by Admin. Blog, Industry News

US regular gasoline retail prices are expected to average $2.33/gal in 2015, down from $3.36/gal in 2014, according to the Energy Information Administration’s (EIA) latest Short Term Energy Outlook (STEO).

As a result, the average household is now expected to spend about $750 less for gasoline in 2015 compared with last year, EIA says. The projected regular gasoline retail price increases to an average of $2.73/gal in 2016. read more

MARKET WATCH: NYMEX crude oil prices near $53/bbl Posted 16 February 2015 by Admin. Blog, Industry News

US light, sweet crude oil prices closed more than $1/bbl higher on the New York market Feb. 13, and Brent crude oil prices settled more than $2/bbl higher on strong economic
indicators from Europe where stock markets ended a volatile week at 7-year highs. read more

Why Oil Prices Will Rebound Before We Know It Posted 11 February 2015 by Admin. Blog, Industry News

rising oil barrel Oil industry analysts have been engaging in a burning debate: Have prices hit bottom or do they have further to fall?
Energy company CEOs have been voicing their views
on the question as they report their quarterly earnings results. read more

MARKET WATCH: NYMEX oil prices rise on revised OPEC forecast Posted 10 February 2015 by Admin. Blog, Industry News

Crude oil prices climbed more than $1/bbl on Feb. 9 to settle above $52/bbl, marking a third consecutive trading session that ended with higher prices. The latest gain came after
the Organization of Petroleum Exporting Countries increased its forecast
for demand for OPEC crude oil during 2015. read more

OPEC leader: Oil could shoot back to $200 Posted 5 February 2015 by Admin. Blog, Industry News

Putting GasRight now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC’s Secretary-General
Abdulla al-Badri we’ve already hit bottom. read more



OPEC leader: Oil could shoot back to $200 Posted 5 February 2015 by Admin. News Articles

Putting GasRight now the oil market is totally focused on finding a bottom for oil prices. However, according
to OPEC’s Secretary-General Abdulla al-Badri we’ve already hit bottom. read more

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