Energy Update
(Thu, 28 May 2015) This report updates and extends a May 2014 EIA report, U.S. crude oil production forecast ? analysis of crude types. It provides a projection of domestic crude oil production by crude type through 2025, supplementing the overall production projection provided in the AEO2015. Projections of production by crude type matter for several reasons. First, U.S. crude streams vary widely in quality.
AUSTIN, Texas, May 27 (Reuters) - Hundreds of people were ordered to evacuate flood-threatened areas of Texas on Wednesday as torrential rains battered the state, where at least 15 people have been killed in weather-related incidents this week, including six in Houston.
SEOUL, May 28 (Reuters) - South Korea's SK Innovation Co Ltd , which owns the country's biggest refiner SK Energy Co Ltd, said it aims to raise investment in U.S. shale fields and increase partnerships with major crude producers to stabilise energy supplies.
Coal Minister Piyush Goel has said that domestic coal production will expand rapidly in the next two to three years, removing the need for imports, but this appears highly unlikely.
May 27 (Reuters) - At least three people were seriously injured on Wednesday when a tornado hit a gas drilling rig in northern Texas, the Weather Channel reported, citing the Hemphill County sheriff.
Japan's Taiyo Oil has commenced producing petrochemicals with UOP's Tatoray process technology, which provides greater flexibility to produce either gasoline or valuable petrochemicals as demand changes.
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