September 9, 2015 Source: U.S. Energy Information Administration, based on Global Trade Information Services and Apex In the first half of 2015, Saudi Arabia exported on average 4.4 million barrels per day (b/d) of crude oil to seven major trading partners in Asia, making up more than half of Saudi Arabia’s total crude oil exports […]
Tag Archives: 2015
By Michael Eboh One of the first major tasks the administration of Gen. Muhammadu Buhari will have to contend with will be how to finance the 2015 budget in the wake of low oil price and rising threats from declining revenue. This becomes very critical when viewed against the backdrop of the tough economic conditions […]
June 26, 2015 Source: U.S. Energy Information Administration and Advanced Resources International, Inc., World Shale Gas and Shale Oil Resource Assessment As recently as last year, only of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the United States and Canada, and more recently, Argentina and China. […]
April 10, 2015 Source: U.S. Energy Information Administration, based on U.S. Department of Labor’s , March 2015Note: Gasoline expenditures include spending on motor oil. The average U.S. household expenditure on motor gasoline in 2015 is expected to be about $ 1,817, the lowest level in more than a decade. This level is about $ 700 […]
Source: Vanguard NGR
March 16, 2015 Source: U.S. Energy Information Administration, Electric Power Monthly and Short-Term Energy Outlook Residential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year. The increase represents the highest annual growth rate since 2008. […]
March 10, 2015 Source: U.S. Energy Information Administration, Electric Power Monthly Note: Other renewables include hydroelectric, biomass/wood, and geothermal. In 2015, electric generating companies expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power grid. The additions are dominated by wind (9.8 GW), natural gas (6.3 GW), and solar (2.2 […]
February 11, 2015 Source: U.S. Energy Information Administration, International Energy Agency, METI Previously one of the world’s largest producers of nuclear-generated electricity, Japan has relied heavily on fossil fuels following the meltdown at Fukushima Dai-ichi and subsequent shutdown of the country’s nuclear fleet. In 2013, when almost all of Japan’s nuclear fleet was shut down, […]
By Katia Moskvitch ‘Light’ will be the buzz word next year. The UN has proclaimed 2015 the International Year of Light and Light-based Technologies, with the goal of raising global awareness of how such technologies can help development by providing solutions to challenges in energy, education, agriculture and health. But besides light, developing nations are […]
December 17, 2014 Source: U.S. Energy Information Administration, Note: OPEC is the Organization of the Petroleum Exporting Countries. Iran is excluded because current sanctions make it difficult to estimate revenues. The 2014 revenue estimates are subject to revision as historical production and consumption data are updated. Based on crude oil market assessments in the , […]
December 16, 2014 Source: U.S. Energy Information Administration, Short-Term Energy Outlook The average U.S. household is expected to spend about $ 550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination […]
December 12, 2014 Source: North Dakota Department of Mineral Resources, Bloomberg The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA’s Drilling Productivity Report (DPR) includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56% of total U.S. […]
By Simon Ebegbulem BENIN CITY— FOLLOWING what it described as the tensed political environment in the country ahead of the 2015 general elections and the killings of innocent Nigerians by the Boko Haram sect in the North East part of the country, Christian Association of Nigeria, CAN, and Pentecostal Fellowship of the Nigeria, PFN, have […]
