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Tag Archives: EIA

What is behind projections of falling oil prices?

Houston, U.S. | Xinhua | Oil prices are falling. Now many experts expect the trend to continue over the next two years, with significant uncertainties ahead. PROJECTED FALLING PRICES The U.S. Energy Information Agency (EIA) forecast earlier this month that the average Brent crude oil price would decrease from 100.94 U.S. …

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Court adjourns case against NEMA, petroleum authority of Uganda

Kampala, Uganda | THE INDEPENDENT  | The High Court has adjourned the hearing of the civil suit against the Petroleum Authority of Uganda and the National Environment Management Authority-NEMA to November 20th.  The matter was adjourned over the absence of Isaac Ntujju, NEMA’s Principal Environment Inspector who is principal witness in …

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Venezuela, an impaired oil giant

Paris, France | AFP | Venezuelan oil output has plunged by more than half in 30 years but the country still sits on the world’s biggest crude reserves, so any political changes will ripple worldwide. The country holds 17.9 percent of proven oil reserves, ahead of Saudi Arabia at 15.7 percent, …

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