06-20-2015, 11:15 PM
Russian gas giant Gazprom has agreed to build a new pipeline to Germany under the Baltic Sea with a trio of Western energy companies, bringing Europe closer into Moscow's energy orbit. The Russian gas company is trying to find new ways to deliver gas to Europe bypassing conflict-stricken Ukraine.
UPDATE 2-Russia's Gazprom to expand Nord Stream gas pipeline with E.ON, Shell, OMV | Reuters
Russia—Greece and Russia signed a preliminary agreement Friday for cooperation on a pipeline that will bring Russian gas to Europe through Greece and Turkey. The agreement, which isn’t legally binding
Greece, Russia Strike Preliminary Gas Pipeline Deal - WSJ
As oil prices declined—falling more than 50% from June 2014 to January 2015, before increasing slightly in spring 2015—energy production companies focused efforts on increasing operating efficiencies. While production, rig counts, and employment statistics are good indicators of the expansion or contraction of the oil and natural gas industry, the Bureau of Labor Statistics Producer Price Index (PPI) tracks the rates oil and natural gas service firms are receiving for goods and services used in producing oil and natural gas. Changes in the PPI can be used to examine how prices charged by firms throughout the oil and natural gas industry respond to fluctuations in commodity prices.
China now consumes 23.2% of all energy consumed on Earth and clearly what happens in China will impact the whole world. Figure 1, lifted from the 2015 BP Statistical Review, shows how dramatically growth has slowed in China. Energy intensive steel and cement are barely growing as the era of industrialization and building infrastructure comes to an end. So may this, in part, explain the 2014 oil price crash?
China’s Energy Demand May Not Increase Until 2017 | OilPrice.com