Argus's head of U.S. operations, said Thursday Euan Craik, Latin America and the Middle East, major oil companies have stated their positions, said there is "strong interest" to switch to Argus of the US. Sour Crude Index (ASCI) index, as its exports of crude oil price benchmarks. Earlier, Saudi Arabia has decided to use the index.
Craik refused to disclose the country is considering making changes name, but he described that (their) interest is "unprecedented." "It feels like an upheaval. From our experience point of view, as it is an unprecedented event." Craik said in a telephone interview.
Last week, Saudi Arabia to give up the West Texas Intermediate crude oil (WTI) crude oil price as the price of its exported to the U.S. benchmark WTI U.S. Gulf of Mexico area due to the market environment increasingly out of touch people feel frustrated. Saudi Arabia to switch to English Argus index Argus company is a major success, the company for the physical energy market price assessment of the competitors, including the McGraw-Hill's cause of Platts.
Nov. 7, 2009
Asia-Pacific region by 2030 in the energy sector need to invest 8 trillion U.S. dollars
The Asian Development Bank (ADB) on November 5, 2009 released a report that the Asia-Pacific region from 2005 to 2030 in order to enhance and expand the energy system, we must invest in 7 to 9.7 trillion dollars, an average of 8 trillion dollars, in order to meet rapidly growing demand for energy. Asia-Pacific region's energy projections indicate that between 2005 and 2030, energy demand in the region the average annual growth rate of 2.4%, higher than the world average of 1.5%.
Report that the Asia-Pacific region by 2030, nearly 80% of the energy demand will have to be from fossil fuels: coal, oil and natural gas to meet, which will promote the growth of carbon dioxide emissions. Net imports of oil is expected to significantly increase in 2030 net import levels in 2005, turned almost doubled. The report, issued jointly by the ADB and the Asia-Pacific Economic Cooperation.
Energy Statistics report found that the Asia-Pacific region in 2006 the world's total consumption of primary energy supply to 34%, but the per capita generation capacity of 1,800 kWh, still higher than the world average of 2,870 kWh less 37%.
Nov. 6, 2009
Report that the Asia-Pacific region by 2030, nearly 80% of the energy demand will have to be from fossil fuels: coal, oil and natural gas to meet, which will promote the growth of carbon dioxide emissions. Net imports of oil is expected to significantly increase in 2030 net import levels in 2005, turned almost doubled. The report, issued jointly by the ADB and the Asia-Pacific Economic Cooperation.
Energy Statistics report found that the Asia-Pacific region in 2006 the world's total consumption of primary energy supply to 34%, but the per capita generation capacity of 1,800 kWh, still higher than the world average of 2,870 kWh less 37%.
Nov. 6, 2009
Saudi Arabia increased by 12 monthly export price of U.S. light crude oil
According to media reports in Tokyo November 2, the world's largest oil exporter Saudi Arabia, the state-owned oil giant Saudi Arabian Oil Company (Saudi Aramco Company) November 1, said the company has its customers in December benchmark crude oil exported to the U.S. Saudi Arabia light crude's official selling price increased 0.85 U.S. dollars per barrel. At the same time, Saudi Aramco company also exports its December benchmark for Asian consumers of crude oil Saudi light crude's official selling price increased 0.35 U.S. dollars per barrel.
Nov. 3, 2009
Nov. 3, 2009
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