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Futures markets are sending an urgent signal to gas producers about the need for more drilling.
Chinese customs data shows that imports in the first eight months of the year were about 595,000 bbl/d higher than the same period last year.
Only an OPEC oil market report with declining production will prove whether the organization’s word is bond, although its pledge is promising.
Technologies that have advanced the energy sector will be showcased in interactive exhibits in an effort to spark more interest among youngsters.
Consumption is hitting record levels, especially for electricity generation, where cheap gas has captured market share from coal.
Areas of collaboration could include cables and electrical infrastructure, installation, substructures and foundations, industry groups say.
By ensuring that natural gas supplies will be limited, and therefore prices high, environmental activists are keeping coal-fired power competitive.
Methane hydrates could become an energy game changer. However, much effort is needed to unlock the natural gas power packed into the 3-D ice structures.
U.S. working gas stocks in underground storage rose by 62 billion cubic feet (Bcf) to 3,499 Bcf in the week ending on Sept. 9.
Data from EIA show that the oil-dominant Bakken, Eagle Ford, Niobrara and Permian regions had a combined 4,117 DUCs at the end of August.
Volatility appears to be an intrinsic quality of oil markets rather than an incidental problem to be solved through improved forecasting, management and coordination.