Energy Update
(Mon, 30 Mar 2015) U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage basis, output in 2014 increased by 16.2%, the highest growth rate since 1940.
(Mon, 30 Mar 2015) For the first time, EIA is providing monthly data on rail movements of crude oil, which have significantly increased over the past five years. The new data on crude-by-rail (CBR) movements are fully integrated with EIA?s existing monthly petroleum supply statistics, which already include crude oil movements by pipeline, tanker, and barge.
US oil company Chevron’s wholly owned subsidiary Chevron Global Energy is planning to divest its complete stake in Caltex Australia (CAL) for about $3.6bn.
Sasol has commenced construction of its $9bn petrochemical complex near Westlake, Texas, US.
SYDNEY, March 28 (Reuters) - The conservative government of Australia's New South Wales state won re-election on Saturday, clearing the way for the country's largest privatisation, a stake in a state-owned electricity network for an expected A$17 billion ($13 billion).
PERTH, March 28 (Reuters) - U.S.
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