More Economics & Oil Market News

IEA: Global oil demand to average 92 million b/d in 2014

Global oil demand is forecast to average 92 million b/d in 2014, up from 90.9 million b/d in 2013, according to the International Energy Agency’s most recent Oil Market Report.

MARKET WATCH: Geopolitical risk premium ‘repriced’ in global oil markets

The geopolitical risk premium in the world’s oil markets has been “repriced” for now, according to analysts at Barclays Capital Inc.

EIA: Production outages tightened global oil market in August

Unplanned liquid fuels production outages, peaking summer demand, and rising concerns over the conflict in Syria and its regional implications contributed to a tighter global oil market in August, according to the US Energy Information Administration’s most recent Short-Term Energy Outlook.

MARKET WATCH: Oil prices rise modestly on talk of disarming Syria

Oil prices rose moderately on New York and London markets on Sept. 11, the day after US President Barack Obama said he will consider a Russian proposal in which Syria turns over its chemical weapons to the international community to be destroyed.

MARKET WATCH: Oil prices drop on hopes for diplomatic resolution in Syria

Oil prices plunged on New York and London markets on Sept. 10 on expectations that US President Barack Obama would try to resolve a conflict with Syria through diplomatic channels, possibly averting a military air strike on that country.

MARKET WATCH: Oil prices drop on news Syria will give up chemical weapons

Crude oil prices fell sharply on news that the likelihood of a US military attack on Syria appeared to be lessening after Russia’s proposal that the Syrian government give up its chemical weapons.

Canada ready to match US GHG reduction goals, Oliver says

Canada is prepared to coordinate meeting greenhouse gas reduction targets with the US, particularly from conventional and unconventional oil and gas production, Natural Resources Minister Joe Oliver said following a meeting with US Sec. of Energy Ernest J. Moniz.

Study assesses ‘critical uncertainties’ of N. American gas

LNG exports and consumption of natural gas for power generation will strongly influence North American gas markets and movements through 2030 but remain “critical uncertainties,” according to a new study.

MARKET WATCH: Oil prices continue upward climb

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange rose $2.16 on Sept. 6, settling at $110.53/bbl.

MARKET WATCH: Crude prices continue upward momentum

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange closed at $108.37/bbl on Sept. 5, an increase of $1.14 from the previous day.

TAEP’s Texas Petro Index sets record in July

The Texas Petro Index (TPI), a composite index based upon a comprehensive group of upstream economic indicators, increased to a record 287.7 in July, up 4.4% from the same month in 2012, and breaking its previous all-time high of 287.6 occurred in 2008.

MARKET WATCH: Oil prices drop on US Senate committee vote on Syria

Oil prices dropped on the New York futures market Sept. 4 while a US Senate committee discussed a possible air strike against Syria as proposed by President Barack Obama who wants to punish the Syrian government for allegedly using chemical weapons against its citizens.

IHS: Unconventional oil, gas revolution to boost US economy

Growth in unconventional oil and natural gas activity is transforming America’s energy future and strengthening its overall economy in terms of jobs, government revenues, and gross domestic product, according to a recent report from IHS.

MARKET WATCH: Oil prices rebound slightly awaiting US decision on Syria

Oil prices climbed on New York and London markets Sept. 3 in response to comments indicating key US lawmakers will support US President Barack Obama’s call for a military air strike on Syria, renewing concerns about world crude oil supplies coming from the Middle East.

MARKET WATCH: Oil prices down on uncertain market, Middle East concerns

Oil prices fell on New York and London markets on Aug. 30 as the market remained volatile amid concerns that a possible US military strike on Syria could disrupt world oil supplies coming from the Middle East.

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Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

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