REUTERS - Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.
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International Energy Agency
REUTERS - Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.
REUTERS - The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand.
REUTERS - Oil prices rallied on Thursday, recouping some ground after sharp losses the previous session when Libya said it would resume oil exports.
The rally received a boost from the International Energy Agency (IEA), which said the world’s oil supply cushion “might be stretched to the limit” due to production losses.
APRNEWS - Africa’s second-largest crude producer, Angola, is cutting tax rates on development of marginal oil fields, a new feat, Joao Lourenco, the country’s president, is trying, in order to slow down the decline of oil production.
GUARDIAN - Benchmark oil contract Brent North Sea hit $80 a barrel Thursday for the first time since late 2014, extending a recent run higher fuelled by tight supply concerns.