Tag Archives: global

U.S. Gulf of Mexico share of global active offshore rigs declines since 2000

September 22, 2015 Source: U.S. Energy Information Administration, based on Baker Hughes Inc.Note: GOM is Gulf of Mexico. In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%—304 offshore rigs were operating in August 2015, down from 377 in August 2014. […]

Global solar photovoltaic manufacturing production slows in recent years

September 14, 2015 Source: International Energy Agency, Note: Values include wafer and thin-film modules. Values are presented in gigawatts direct current. Growth in solar photovoltaic (PV) module production has slowed in recent years to 4% annually from 2011 to 2013 after increasing by an average of 78% from 2006 to 2011. In addition, the gap […]

Growing global liquids inventories reflect lower crude oil prices

August 24, 2015 Source: U.S. Energy Information Administration, , August 2015 Continued growth in global production of petroleum and other liquids has outpaced consumption growth since August 2014, resulting in rising global liquids stocks. Total global liquids inventories are estimated to have grown by 2.3 million barrels per day (b/d) through the first seven months […]

Iraq was second-leading contributor to global oil supply growth during 2014

February 9, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries (OPEC), although this growth […]

Africa: IMF Downgrades Global Growth Forecast, Despite Cheaper Oil

Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth. According to its […]

Oil and currency markets reflect expectations for lower global economic growth

November 20, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: The U.S. dollar index measures the value of the U.S. dollar against a basket of six currencies’ exchange rates: the euro, Japanese yen, British pound, Canadian dollar, Swiss franc, and Swedish krona. An increase in the index means the dollar is appreciating against […]

U.S. coal exports fall on lower European demand, increased global supply

October 3, 2014 Source: U.S. Energy Information Administration, based on U.S. Census Bureau data Republished October 3, 2014, 12:35 p.m., to clarify graph units. U.S. coal exports have continued to decline from their record volumes in 2012. During the first half of 2014, coal exports totaled 52.3 million short tons (MMst), 16% below the same […]

Global oil supply and Bárðarbunga

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Some time ago magma started rising in the rocks near the Bárðarbunga volcano in Iceland, and after weeks of increasingly intensified earthquake activity, the first signs of eruption were found to have occurred under thick ice within the last week. These were not that visible to the general public. That eruption was followed by a […]

Energy Talk – Changes in global supply and demand

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At the beginning of the month I pointed out that there are three components to the coming Energy Mess. The first of these is the steady increase in global demand for oil and its products, the second is the decline in production from existing wells and fields, and the third is the shrinking pool of […]

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