Shell: LNG outlook points to potential global supply shortage

The global LNG market has continued to defy expectations of many market observers, with demand rising 29 million tonnes to 293 million tonnes in 2017, according to Royal Dutch Shell PLC’s annual LNG Outlook.  Source: News


BP Energy Outlook: Crude products continue transportation-fuel dominance

Crude oil products will continue to dominate global energy demand for transportation through 2040 despite surprisingly strong growth in electric vehicle sales, BP PLC said in its 2018 Energy Outlook. Oil and gas will still play a major role under each of the forecast’s scenarios, BP Chief Economist Spencer Dale said on Feb. 26 during […]


Watching Government: CFATS working, AFPM chief says

The federal Chemical Facility Anti-Terrorism Standards (CFATS) program is working well and needs only relatively minor changes before its current authorization expires in January 2019, American Fuel & Petrochemical Manufacturers Pres. Chet Thompson told the US House Homeland Security Committee on Feb. 15. Source: News


Canada: 'Too much crude, too few pipelines'

Pipeline congestion caused by approval delays and aggravated by a November leak in the Keystone system has cost oil producers in western Canada as much as $17/bbl (Can.), say economists at Scotiabank. Source: News