The decision is made Firstly, there is an interesting notice, that access pipeline in Dakota is about to start servicing the country. It will happen on interstate level by May the 14th. “It will begin interstate crude oil delivery. In a deal made with the U.S. Federal Energy Regulatory Commission.” Yesterday, Thursday the 13th of […]
Global OIL Demand In the beginning, after nearly three years of surplus production, global demand for oil is finaly close to run out. Non counting the growth in the overhang of unused crude oil. International Energy Agency said that in March, oil stocks in OPEC fell by 17.2 million barrels per day. “Over […]
The coldest place in Russia In one of the coldest spots on earth, Oymyakon district of the Republic of Sakha in Russia, it is believed that gold outputs will very soon rise. Yakutia (Oymyakon) in winter gets so cold that metal actually snaps. In the beginning, it gives an opportunity to examine the field […]
ASIA The explosive growth of fuel consumption in Asia, is taking a downwards trend. Fuel consumption in Asia’s biggest economies is plummeting under the OPEC’s decision to end a global supply glut and lift prices. First of all, Asia takes third place over the global supplies. Asia Is the worlds fastest growing region […]