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Articles tagged with: oil prices

Oil & Gas Journal - EPA draft assessment finds no widespread harm to drinking water from fracturing

Tuesday, July 14, 2015

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The US Environmental Protection Agency released a draft assessment June 4 of a study in which it concluded hydraulic fracturing activities have not led to widespread, systemic impacts on drinking water resources, although the agency said potential water vulnerabilities exist.

Continue Reading Article >> Read the full article: http://www.ogj.com/articles/2015/06/epa-draft-assessment-finds-no-widespread-harm-to-drinking-water-from-fracturing.html

Tags gas, global, oil, oil demand, oil prices, petroleum engineering, recovery

Oil & Gas Journal - IEA: Global oil demand rising on economic recovery, lower oil prices

Monday, June 15, 2015

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According to the International Energy Agency’s most recent Oil Market Report, global oil demand averaged 93.3 million b/d in this year’s first half, up 1.6 million b/d on the year and 400,000 b/d above the estimate in last month’s report. Global demand for the whole year is forecast to average 94 million b/d, 1.4 million b/d up on the year and 300,000 b/d higher than in last month’s OMR.

“Since bottoming out at a 5-year low in second-quarter 2014, global oil demand growth has steadily increased, as additional economic growth, colder-than-year-earlier European winter weather conditions and more recently price effects have filtered through,” IEA said. However, momentum is expected to ease somewhat in this year’s second half, assuming a return to normal weather conditions and given a recent partial recovery in oil prices.

Continue Reading Article >> Read the full article: http://www.ogj.com/articles/2015/06/iea-global-oil-demand-rising-on-economic-recovery-lower-oil-prices.html

Tags gas, global, oil, oil demand, oil prices, petroleum engineering, recovery

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