Latest World oil market chronology Stories

2014-08-08 08:22:10

Up 190,000 Barrels Per Day from June on Saudi and Libyan Output Increases LONDON, Aug. 8, 2014 /PRNewswire/ -- Platts - Oil production from the Organization of the Petroleum Exporting Countries (OPEC) climbed back above 30 million barrels per day (b/d) in July for the first time since February on the back of output boosts from Libya and Saudi Arabia, according to the latest Platts survey of OPEC and oil industry officials and analysts. July production from the 12-member oil...

US Becoming More Energy Independent
2012-01-26 05:59:45

The U.S. Energy Information Administration (EIA) said on Monday that the nation will become more energy independent by 2035. EIA released the updated projections for U.S. energy in the Annual Energy Outlook 2012 Reference case, reports Wendy Koch for USA TODAY. "Our updated Reference case projections show natural gas and renewables gaining an increasing share of U.S. electric power generation, domestic crude oil and natural gas production growing, reliance on imported oil decreasing,...

2011-07-27 02:45:00

DALLAS, Texas, July 27, 2011 /PRNewswire/ -- ReportsnReports Announces it Will Carry Reports on Oil Markets 2011 & Gas Markets 2011 for Indonesia, Malaysia, Brunei Darussalam, New Zealand, Germany, UK and Other Countries in its Store GlobalData's latest market research reports cover the 2011 Oil Markets and 2011 Gas Markets for countries like Malaysia, Indonesia, Brunei Darussalam, New Zealand, Kuwait, Qatar, Saudi Arabia, Germany and The United Kingdom. The...

2011-05-11 14:59:00

NORTHRIDGE, Calif., May 11, 2011 /PRNewswire/ -- XnE, Inc. (Pink Sheets: XNEZ) is pleased to announce the new direction of the Company into the Oil and Gas Sector. The Company intends to implement its aggressive growth strategy by acquiring oil wells that are believed to be underdeveloped or have the potential to recover oil reserves that are still in place. Our geographical focus is to develop small to mid tier oil and gas properties in Oklahoma and the continental United States....

2011-04-21 10:04:00

HOUSTON April 21, 2011 /PRNewswire/ -- Unrest in North Africa and the Middle East, coupled with the disaster in Japan, threatens the sustainability of the global economic recovery, but the momentum of growth is thought to be strong enough in most regions to absorb the shocks. However, global economic growth projections are being reduced, dropping to around 4% for 2011. Despite the fact that short-term oil and gas supply and demand remains relatively balanced, oil prices have gone up in...

Word of the Day
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'kardia,' heart.