Market news

Libya Country Analysis Brief

(Thu, 19 Nov 2015) Libya holds the largest amount of proved crude oil reserves in Africa and the fifth-largest amount of proved natural gas reserves on the continent. Libya?s hydrocarbon production and exports have been substantially affected by civil unrest over the past few years. The situation in Libya has recently become even more complicated as vital oil infrastructure has been attacked or caught in cross fire, leading to severe damage that would take months, or maybe years, to repair. Most of the country?s oil production continues to be disrupted.

November 18, 2015 By 0 Comments Read more...

United States and China advance policies to limit CO2 emissions

(Wed, 18 Nov 2015) China and the United States are the two countries with the most energy-related CO2 emissions, together accounting for about 40% of global emissions in 2012. Late last year, China and the United States each announced intended nationally determined contributions (INDCs) to mitigate their respective emissions, but there is still uncertainty in each country's ability to meet those targets. Further efforts to reduce emissions will be discussed at the upcoming United Nations Climate Change Conference in Paris.

November 17, 2015 By 0 Comments Read more...

Record-low water levels on Rhine River are disrupting fuel shipments

(Tue, 17 Nov 2015) Low water levels on the Rhine River have resulted in transportation disruptions for shipments of petroleum products by barge, which in turn have resulted in record supply disruptions in markets upriver, such as Switzerland and southern Germany, and high stock levels downriver, in the Netherlands and northwestern Germany.

November 16, 2015 By 0 Comments Read more...

New classifications of natural gas storage regions will begin November 19

(Mon, 16 Nov 2015) EIA's Weekly Natural Gas Storage Report (WNGSR) publishes weekly natural gas storage inventories by region. Natural gas storage levels have been high and recently reached a record 3,978 trillion cubic feet as of Friday, November 6. In an effort to better illustrate regional storage trends, EIA will publish weekly data divided into five regions, rather than the current three, beginning with the November 19 report. Later today, the WNGSR page will reflect the new five-region format, and the three-region series will be discontinued.

November 15, 2015 By 0 Comments Read more...

North Dakota natural gas flaring targets challenged by rapid production growth

(Fri, 13 Nov 2015) Increases in North Dakota's crude oil production have resulted in increased associated natural gas production from oil reservoirs. Because of insufficient infrastructure to collect, gather, and transport this natural gas, about one-fifth of North Dakota's natural gas production is flared rather than marketed. North Dakota's Industrial Commission has established natural gas capture targets in an effort to reduce the amount of flared gas, and they recently issued a revision to the flaring targets in response to gas production growth.

November 12, 2015 By 0 Comments Read more...

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