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EIA Sees Demand Growth At 1.56Mn B/D For 2010
...ft its assessment of global crude oil demand growth for 2010 and 2011 almost unchanged, in its latest Short-Term Energy Outlook, released on 7 July. World oil consumption is expected to increase by 1.56mn b/d in 2010 and 1.47mn b/d in 2011. But the Outlook says that estimates for oil consumption in 20...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Bulgaria Lukewarm On Burgas-Alexandroupolis, Bullish On South Stream And Belene
...t decide on participation in the Burgas-Alexandroupolis oil pipeline project before February 2011 at the earliest. However, a visit to Sofia by Russia’s Deputy Prime Minister and Gazprom Chairman Viktor Zubkov on 6-7 July appears to have ended Bulgaria’s procrastination over the other two of three st...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
BG Plans Expansion Of WDDM Gas Facilities
...ncession, will be operational by the end of 2010, with the company also planning to drill an additional nine development wells on the block by late 2011, he told reporters on 7 July. “Gas demand in Egypt is going up, and increased demand helps promote exploration,” Mr Sufi noted. BG manages its upstream ac...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
IMF Revises Up 2010 Global Outlook
...tlook The International Monetary Fund (IMF) has revised upwards its global economic growth projections for 2010 and 2011 in the July update of its World Economic Outlook. The global economy is expected to expand by 4.6% in 2010, up from projections in April which saw growth at 4.2% (MEES, 26 April). The ne...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
GCC Economies Return To More Robust Growth, Says Samba
...oblems in Europe are unlikely to alter materially economic growth prospects for the GCC states for the remainder of this year and 2011. Any further immediate dip in oil prices should be in large measure offset by a stronger dollar, according to Samba. However, deterioration in loan portfolios in various co...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010