Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, according to ExxonMobil Corp.’s 2016 Outlook for Energy. Most of this growth will occur in nations outside the Organization for Economic Cooperation and Development. Source: News

Duqm Refinery & Petrochemical Industries Co. LLC (DRPIC), Muscat, a joint venture of state-owned Oman Oil Co. and the United Arab Emirates’ International Petroleum Investment Co. (IPIC), has revealed its shortlist of prequalified tenderers selected to bid on design and construction of a grassroots 230,000-b/d refinery to be built in Oman’s Duqm Special Economic Zone […]

The Henry Hub natural gas spot price of $1.93/MMbtu in December 2015 marked the lowest monthly average since March 1999. However, US gas prices are expected to rise over next 2 years, reflecting consumption growth, mainly from the industrial sector, that outpaces near-term production growth. Source: News

Light, sweet crude oil prices soared by more than $2/bbl on the New York market Jan. 22, settling at $32.19 for March delivery while Brent crude oil prices climbed by nearly $3/bbl on the London market to settle at $32.18/bbl. Source: News

The US Department of the Interior’s Jan. 15 announcement that it will not issue new leases while it reexamines its coal program may have made oil and gas producers wonder if the federal onshore program for those resources might be next. Source: News

Attacks on energy facilities on Libya’s coast indicate a “severe and rising threat” and raise prospects for further disruptions to oil supply, warns a risk analyst at JLT Specialty, London. Source: News

Equity markets have joined crude oil in alarming contraction. Crude prices began their descent in the middle of 2014, flirted with recovery during March-May last year, then foundered, and now sink. Source: News