OPEC, for some quiet moments..

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After fueling the 20th century automobile culture that reshaped cities and defined modern life, gasoline has had its day. The International Energy Agency forecasts that global gasoline consumption has all but peaked as more efficient cars and the advent of electric vehicles from new players such as Tesla Motors Inc. halt demand growth in the next 25 years. That shift will have profound consequences for the oil-refining industry because gasoline accounts for one in four barrels consumed worldwide.

Tesla Shock Means Global Gasoline Demand Has All But Peaked - Bloomberg

An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency. If OPEC members agree to limit supplies at their meeting next week, prices could rise to $60/bbl and trigger a jump in global output, particularly from U.S. shale producers, Fatih Birol, executive director of the Paris-based IEA, said during an interview with Bloomberg Television. The output boom could put downward pressure on prices again within nine months to a year, he said.

Oil price hike from OPEC deal may snuff itself out, IEA says

While the rise of the liquefied natural gas market has accelerated the globalization of natural gas, the energy security implications of this transformation have attracted much less attention. Through an extensive analysis of global gas data, a new report from the International Energy Agency seeks to provide more transparency into the LNG market. There is no doubt that global gas markets are well supplied today. While this is positive for global gas security, the new analysis from the first Global Gas Security Review warns that LNG markets are less flexible than is commonly believed.

IEA report warns on flexibility of global LNG market

Advisers to Donald Trump are exploring ways he can green light the Keystone XL oil pipeline on the day he is sworn into office, including by rescinding a 48-year-old presidential order. Two people familiar with Trump’s transition planning say the issue is actively being discussed, as the incoming president looks for ways to jump-start infrastructure development and deliver on a campaign promise to approve the pipeline that would connect Canadian oil sands with U.S. Gulf Coast refiners.

Trump aides eye Keystone XL revival by rescinding 48-year-old order