08-02-2015, 12:31 AM
A long-active militant group, the Kurdistan Workers’ Party (known as the PKK for its Kurdish name), attacked a pair of energy pipelines inside Turkey this week, including a natural gas pipeline from Iran on Monday and an oil export pipeline that snakes from northern Iraq to the Turkish coast on Wednesday. The PKK’s armed wing reportedly took credit for the oil pipeline attack; Turkish officials blamed the PKK for the gas pipeline attack, which bore all the hallmarks of similar PKK strikes over the years.
Striking Pipeline, Kurdish Militants Deal Blow to Fellow Kurds | Foreign Policy
What could go wrong for liquefied natural gas (LNG) in Asia to derail the current consensus of strongly rising demand being met by supply that is increasing even faster? One of the assumptions that often remains unspoken when analysing energy markets is the status of the infrastructure needed to ensure products can actually get from one place to another, and then be processed at their destination.
COLUMN-Asia LNG output vs regas capacity mismatch looming: Russell | Reuters
Earlier in the year I documented half a dozen media reports which turned out to be 100 percent false. Now I expose another half dozen in just the past few weeks. Prices remain unchanged as a result of the largest drop in production in a year, as well as a large inventory draw this week via the EIA. The very fact that prices haven’t responded demonstrates my points. This comes despite the dollar index (UUP) over the last month remaining essentially flat while USO has fallen over 15 percent (so much for that relationship, except when the dollar rises right?)…
Top 6 Myths Driving Oil Prices Down | OilPrice.com
The rest of the shale gas plays declined. The earliest big shale gas plays–the Barnett, Fayetteville and Haynesville–were down 25%, 14% and 48% from their respective peak production levels for a total decline of -4.8 bcf/d since January 2012. The fact that Eagle Ford and Bakken gas production declined suggests tight oil production may finally be declining as well. To make matters worse, total U.S. dry natural gas production declined -144 mmcf/d in June compared to May, and -1.2 bcf/d compared to April (Figure 2). Marketed gas declined -117 mmcf/d compared to May and -1 bcf/d compared to April.
A Reality Check For U.S. Natural Gas Ambitions | OilPrice.com