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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

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IEA March Oil Market Report revises 2015 demand forecast upward

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Global supply rose by 1.3 expected US crude supply, raising the 2015 North American outlook. expected US crude supply, raising the 2015 North American outlook. mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. related product draws. related product draws.

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Pensana plans $125M rare earth separation facility in England

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Targeted production is around 12,500 annualized tonnes of rare earth oxides, including 4,500 tonnes of magnet metal rare earth oxides (NdPr), which would represent approximately 5% of 2025 projected world demand. The Saltend plant would purify rare earth sulfates, which would be imported from the company’s Longonjo mine in Angola.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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While the IEA projects surplus production will begin to recede in 2H 2016, they are suffering now (and in any case, it is a projection). in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing. percentage points. Moreover, Saudi policy, combined with the impact of U.S. MMbbls/day.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Russia supplied about 30 percent (146.6 The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. mmbbl/day) in 2013.

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