Energy Update

You are here

Home » Global Read

Motor gasoline consumption expected to remain below 2007 peak despite increase in travel

(Tue, 23 Feb 2016) Based on estimates in the most recent <em>Short-Term Energy Outlook</em> (STEO), vehicle travel in the United States in 2015 was almost 4% above its 2007 level, but motor gasoline consumption has not exceeded its previous peak in 2007. Improvements in light-duty vehicle fuel economy are largely responsible for this outcome.

UPDATE 1-Oil prices fall as global glut offsets prospect of lower US output

* Iran crude supply growth to offset drop in U.S. output -ANZ (Adds comment, updates prices)

Nepal ends fuel rationing after supply from India improves

KATHMANDU, Feb 23 (Reuters) - Nepal ended months-long fuel rationing after supply from India improved, following the end of a border blockade by ethnic protesters against a new constitution, an official said on Tuesday.

Peru pipeline leaks in Amazon; Two rivers polluted, agency says

LIMA, Feb 22 (Reuters) - Ruptures in Peru's main oil pipeline have spilled 3,000 barrels of crude in an Amazonian region, operator Petroperu said Monday, and the oil has polluted two rivers native villages rely on for water, according to government officials.

Oil dips as rising Iranian output to counter falling U.S. shale production

SINGAPORE, Feb 23 (Reuters) - Oil prices dipped slightly in early trading on Tuesday after posting strong gains the previous session on the back of an expected drop in U.S. production, but which analysts expect to be countered by rising output from Iran.

RPT-COLUMN-Hedge funds turn attention to oil storage: Kemp

LONDON, Feb 22 (Reuters) - Hedge funds have taken an increasingly nuanced position on oil prices since the start of the year, becoming more bearish towards U.S.

New Mexico House, Senate Pass Geothermal Legislation

The New Mexico House and Senate have passed a bill that, if signed by Gov. Susana Martinez, will encourage additional geothermal development in the state.

Oil lobby warns UK output could halve by 2025 if money dries up

LONDON, Feb 23 (Reuters) - British oil and gas production could halve by 2025 if oil companies do not spend enough to squeeze every last drop out the North Sea, industry group Oil and Gas UK warned on Tuesday.

Gas only a stopgap for UK without carbon capture -report

LONDON, Feb 23 (Reuters) - Natural gas only has a stopgap role in moving Britain to low-carbon energy until 2020 and will then be limited without carbon capture and storage (CCS) technology, a UK Energy Research Centre report said on Tuesday.

Researchers find simpler way to convert CO2 and water directly into renewable liquid hydrocarbon

Researchers from the University of Texas at Arlington (UTA) have developed a one-step process to convert carbon dioxide and water directly into useable liquid hydrocarbon fuels.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos