CGES: Recent crude price reductions don’t signal a market collapse in 2005
Although crude prices have fallen considerably from record highs in mid-October, the retreat doesn’t necessarily signal the start of an extended price slide into 2005, said analysts at the Centre for Global Energy Studies in London.
November 30, 2004
ODAC: World oil supplies likely to remain tight through 2010
Unless demand plummets, world oil supplies are nearly certain to remain tight through the rest of this decade, according to a study by the Oil Depletion Analysis Centre in London.
November 16, 2004
Germany inaugurates new solar power plant in its push for more
German Environment Minister Jürgen Trittin recently inaugurated a large solar-powered energy plant in the eastern city of Espenhain, noting that Germany is the leading European country to install solar energy facilities.
September 20, 2004
Natural gas production falls in US despite high prices
US gas production during the second quarter showed a 3.8% decline compared with second quarter of last year.
August 9, 2004
Demand for unconventional oil and gas on the increase
Demand for unconventional oil is expected to reach 10.31 million bbl in 2008, up from 8.59 million barrels in 2003 at an average annual growth rate (AAGR) of 3.7%, said Business Communications Co. Inc., Norwalk, Conn.
June 1, 2004
CERA examines possible global impact of China’s energy situation
“China’s growing weight in world consumption virtually assures a heavy long-term impact on energy prices, trade, and investment. In a decade, China has gone from self-sufficiency to being the most dynamic factor in the world oil market and one of the main elements in today’s $40-plus per barrel price,” said the report by Daniel Yergin and Scott Roberts.
May 16, 2004