World Energy Outlook

Kiran Stacey

Opec today raised its predicted level of oil demand for 2011 from 86.83m barrels per day to 86.95mbpd, an increase of 120,000.
Interestingly, this comes out a few days after the IEA released its World Energy Outlook, showing its predictions have gone in the opposite direction. Read more

Kiran Stacey

In a way, Chevron’s $4.3bn deal for Atlas Energy – giving it a foothold in the Marcellus shale gas field – was not particularly surprising. After Exxon and Shell made similar moves to take advantage of the US shale boom, Chevron was simply playing catch up.
But two things about the deal have raised eyebrows: the company’s previous resistance to such a strategy and the persistently low price of gas. Read more