The United States will become the top producer of oil globally within five years, a net exporter of natural gas by 2020 and an oil exporter by close to 2030, all thanks to its massive unconventional resources, the International Energy Agency (IEA) said Monday in its annual flagship publication, the World Energy Outlook (WEO).
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Natgas Prices, Shale Give Chemicals Industry ‘Competitive Advantage’
Despite a slowdown in the U.S. economic recovery, the outlook for the U.S. chemicals manufacturing industry is more encouraging, according to the American Chemistry Council (ACC).
U.S. Producers Taking Shale Know-How on the Road
Untapped unconventional gas plays still exist in pockets across North America, but domestic producers are branching out to test prospects in Europe, the Asian Pacific area, Africa and elsewhere to stake their claims in the next big shale plays.
Analysts: Broad Recovery No Panacea for Gas Prices
The good news is that the outlook for the industrial sector has turned to “gradual recovery;” however, natural gas will likely be late to the party as any rebound in the top four gas-consuming sectors will not be as brisk, according to analysts at Barclays Capital.
Analysts: Don’t Pin Gas Hopes to Broad Industrial Recovery
The good news is that the outlook for the industrial sector has turned to “gradual recovery;” however, natural gas will likely be late to the party as any rebound in the top four gas-consuming sectors will not be as brisk, according to analysts at Barclays Capital.
Screen, Weather Likely to Keep Prices Falling
A gradual trend toward more autumn-like temperatures (or downright wintry in a few northern areas) and modestly growing comfort levels with the restoration of Gulf Coast onshore and offshore infrastructure finally proved great enough Thursday to reverse what had been a near-solid progression of rising prices earlier in the week.
Prices Mount Strong Rally Across the Board
The earliest-ever formation of a fifth named storm in an Atlantic hurricane season in more than a century of record keeping, abetted by gradual increases in heat levels in some areas, was responsible for large price gains at all points Tuesday.
Transportation Notes
Citing “seasonal efficiency adjustments,” NOVA said it woulddecrease its target linepack by about 177 MMcf in gradualincrements by May 29.
EIA Sees Slow Increase for Natural Gas Prices
The Energy Information Administration (EIA) in its Annual EnergyOutlook 1999 released Tuesday is forecasting only a gradual 0.8%average annual rise in natural gas wellhead prices through 2020.Prices will go from $2.23/Mcf in 1997 to $2.68 in 23 years later.