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IEA

The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Agency said on Monday. Read more

Commodities

Refinery

Trong Nguyen

Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel. Read more

Refining & Petrochemical Processing

Major oil and gas (O&G) exporters have weathered many upheavals in recent decades, and a renewed commitment to economic diversification will be vital to cope with the changing dynamics of global energy. Read more

Lifting & Transport

The global oil market could move into deficit sooner than expected, thanks to OPEC’s output agreement with Russia and others and to Canada’s decision to cut supply. Read more

Refining & Petrochemical Processing

INEOS Phenol is planning to expand the capacity of its plant in Mobile, Alabama...Petrochemicals are becoming the largest drivers of global oil demand...Sinopec Corp. has joined a group planning to build a bitumen upgrading and petrochemical refining Read more

Downstream

Government policies will be critical to determine shape of the energy sectors of the future Read more

Health, Safety & Environmental

Reform and economic diversification are vital for their economies and for global energy markets Read more

Drilling & Exploration

Half of all renewable energy consumption in 2017 came from modern bioenergy Read more

Renewable & Biofuel

Petrochemicals will outpace cars, trucks and aviation in future oil demand growth, even with ambitious efforts to promote recycling and promote greater efficiency. Read more

Refining & Petrochemical Processing

Oil prices steadied on Thursday after sharp losses the previous session as the International Energy Agency (IEA) said the world’s oil supply cushion “might be stretched to the limit” due to production losses. Read more

Refining & Petrochemical Processing

180626Gas2018.jpg

Shutterstock

Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas markets over the next five years according to the International Energy Agency’s latest market forecast. Read more

Refining & Petrochemical Processing

The technology group Wärtsilä introduces a new hybrid solar PV and storage solution. Integrating solar PV generation and storage to deliver a true “renewables as baseload” solution that is not only climate-friendly, increases resilience... Read more

Power Generation

'Resurgent' U.S. petrochemicals industry to help boost global oil demand Read more

Drilling & Exploration

Oil prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but doubts over the future of compliance with the multilateral agreement and rising U.S. production could stem the upward momentum... Read more

Refining & Petrochemical Processing

Fossil fuels accounted for over 70% of the growth in world energy demand last year Read more

Refining & Petrochemical Processing

IEA's executive director, Dr. Fatih Birol, testified before the United States Senate about the agency's global market outlook. Birol outlined four large-scale shifts in the global energy system that will set the scene for the coming decades. Read more

Natural Gas/LNG

John Hess, Chief Executive Officer of the Hess Corporation, believes the “real impact” of a three-year bear market and low oil prices of $40 to $50 per barrel, is reflected by worldwide oil and gas investment that is insufficient to meet demand growt Read more

Refining & Petrochemical Processing

According to Fatih Birol, Executive Director of the International Energy Agency (IEA), the United States is positioned to “put its stamp” on global oil markets for the next five years. Read more

Drilling & Exploration

Strong global demand for oil and gas will shift in the next five years toward petrochemicals and away from motor fuels gasoline and diesel, the International Energy Agency (IEA) said. Read more

Refining & Petrochemical Processing

U.S. shale oil output is set to surge over the next five years, stealing market share from OPEC producers and moving the United States, once the world’s top oil importer... Read more

Drilling & Exploration

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