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The majority of America’s new energy capacity additions in 2019 will come from renewable energy sources. according to figures published by the US Energy Information Administration (EIA).
Read More »US energy will come from renewable sources in 2019
Russia Starts Gradual Oil Output Cuts
Russia’s reductions are modest compared with the cuts from some of its partners.
Read More »Baku will Host OPEC+ Discussions on Impact of Oil Output Cuts on Markets
OPEC and non-OPEC producers reached an agreement in December 2016 to curtail oil output jointly.
Read More »BP Expands Petrochemical Capacity in South Korea
The expected investment of US$175 million will be funded by the JV.
Read More »BP could Find New Gas Giant Offshore Azerbaijan
BP is targeting the Shafag-Asiman area. which could be a similar size to Shah Deniz 2.
Read More »The Market Don`t Observe LNG Glut in 2019
Wood Mac notes growing worry about a global economic downturn in its report.
Read More »Iraq Boosted Production. Exports Just Before Cuts Began
Iraq’s commitment to the latest deal is critical to the cartel’s success.
Read More »OPEC Expects Higher Supply Growth in 2019
Global economic growth prospects for 2019 are slightly lower than for 2018.
Read More »2019. A Record Breaking Year For LNG
Political factors are one of the reasons that Novatek’s Arctic-2 LNG project in Russia has a high chance of succeeding.
Read More »BP Approves Development of Oil Field in Gulf of Mexico
BP and Shell hold equal stakes in the Manuel discovery.
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