• 4 minutes What If Canada Had Wind and Not Oilsands?
  • 8 minutes EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 17 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 29 mins Could oil demand collapse rapidly? Yup, sure could.
  • 2 hours U.S. Withdraws From U.N. Human Rights Council
  • 2 hours Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 11 hours Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 11 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 7 hours "The Gasoline Car Is a Car With a Future"
  • 3 hours Saudi Arabia turns to solar
  • 5 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 5 hours What If Canada Had Wind and Not Oilsands?
  • 1 hour China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 15 hours North Korea, China Discuss 'True Peace', Denuclearization
  • 8 hours EVs Could Help Coal Demand
  • 5 hours Gazprom Exports to EU Hit Record
  • 15 hours WE Solutions plans to print cars
  • 21 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 23 hours Lloyd's of London excludes coal
Alt Text

The Fed Is Driving Down Oil Prices

The hawkish U.S. Federal Reserve…

Alt Text

Permian Discount Could Rise To $20 Per Barrel

Midstream constraints plaguing Permian drillers…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

The 3 Most Important Numbers in Energy – 18th April 2014

The Insider’s weekly run-down of critical figures and happenings from around the energy world.

$1.35 billion. Amount that major base metal mining firm GlencoreXstrata is paying to acquire African oil producer Caracal Energy.

The miner announced the acquisition this week, which will raise its stake in onshore fields in the central African nation of Chad to 85%. An interesting comment on the state of commodities markets—especially given the company has been exiting assets on the metals mining side of late.  

19.3%. Increase in coal consumption from major Japanese power utilities during the fiscal year 2013/14.

Data from the country’s Federation of Electric Power Companies showed that Japan’s regional power generators used almost 10 million tonnes more coal during the most recent fiscal year, as compared to the previous period. A significant increase—from a nation most observers had written off as moving away from coal.  

The trend appears set to continue, with Japanese firms looking to diversify away from expensive oil and natural gas. If so, this could be one more force lending unexpected strength to the global coal market.

3. Number of “brownfield allowances” granted this month by the U.K. government to North Sea operator Canadian Natural Resources.

The company is one of the pioneers in benefitting from this new regulatory tool—which allows producers to claim tax credits on…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News