Oil output in Venezuela falls short of OPEC quotas
Oil output in Venezuela falls short of quota set by the Organization of Petroleum Exporting Countries (OPEC), according to a report by the organization.
Xinhuanet
Demand for Oil Could Outstrip Supply
A respected oil-forecasting group predicted that the energy industry may be unable to produce enough oil to meet projected demand by the end of the next decade, in a study that lends support to a small chorus of analysts who warn that a peak in petroleum output is looming in the years ahead.
Author Predicts Energy Crisis
Julian Darley, the founder of a Vancouver-based energy think tank has claimed that North America is on the verge of “a full-blown natural-gas crisis”.
China to have 140 mln cars by 2020
China expects to have 140 million automobiles plying its roads by 2020, seven times more than now, fueling demand for transportation infrastructure and services, state media reports.
Ten specious fallacies on current world’s high oil prices
The anxiety, tension and panic induced by the oil prices permeate between the markets and the governments, which in turn makes it harder for people to understand the international oil market, and its underlying relationship to geo-politics and geology.
Nanotech: Up and Atom
A Nobel Prize-winning chemist says the impending world energy shortage requires several miracles of science that nanotechnology can help to deliver.
Businesses warn global energy demand could triple by 2050
Economic growth in the developing world combined with rising population trends mean that global energy demand could double or triple by 2050, putting a growing strain on the earth’s climate.
Energy efficiency comes at cost
Energy giant Exxon Mobil Corporation said while energy companies continued to work on reducing greenhouse gas emissions, there were some big challenges in bringing clean energy products onto the market.
Saudi Arabia, China agree to formal political dialogue
Saudi Arabia and China have reportedly agreed to hold regular political consultations.
UK ‘green energy’ centre created
A new national marine renewable energy centre is to help lay the foundations for an industry based on wave and tidal movements.
EU executive amends nuclear plan, greens cry foul
The European Union’s executive amended its controversial proposals for nuclear safety and waste management legislation on Wednesday, but a leading environmental group slammed the package as misleading and helpful to industry.
Oil slides as Saudi offers big discounts
Oil prices eased yesterday as top world exporter Saudi Arabia slashed prices for its crude sales to the United States and Europe, however their excess production is heavier grade oil and not to refiners’ liking.
