Day: December 7, 2017

Eniday, Oil

Surplus oil: how much and where?

Nicholas Newman Eniday December 2017 No one is quite sure how much oil lies in storage. The exact amount held in state-owned and commercial storage around the world varies in response to prices, levels of production and demand, and seasonal variations. In order to balance supply and demand, OPEC and […]

Eniday, Gas, Liquid Natural Gas, Technology

How gas adapts to markets and technologies

Nicholas Newman Eniday December 2017 Recent gas discoveries in the eastern Mediterranean, offshore Africa and fracking in the U.S., alongside field extensions and improved recovery techniques, boosted world gas reserves to a staggering 6,879 trillion cubic feet (Tcf) at the start of 2016… Natural gas accounts for roughly 25 percent of global energy […]