Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Expansion for energy-hungry Asia-Pacific robust, but uncertain
by Daniel J. Graeber
Washington DC (UPI) Sep 18, 2017


The demand prospects for some of the energy-hungry economies in the Asia-Pacific are robust, but there are uncertainties about sustainability, Moody's said.

Economies in the Asia-Pacific region are expanding faster than developed nations and taking on more oil and gas resources as a result. Island nations like Japan, meanwhile, have few resources of their own and rely on imports from major producers like Russia.

Many of the regional economies rely on foreign trade and, with global demand expectations moving higher in general, a report Monday from Moody's Investors Service said there was optimistic about the potential for a number of Asia-Pacific economies.

"If solid external demand and robust domestic conditions combined to sustain business investment, that would further boost the medium-term growth outlook for the economies in question," it said in its assessment.

Thailand registered its fastest second-quarter growth in more than four years with 3.7 percent year-on-year, an improvement over first quarter GDP growth at 3.3 percent. Japan's economy, meanwhile, is recovering from recession slower than anticipated with GDP growth during the second quarter at 2.6 percent improving from the 1.2 percent the previous year, but still below initial growth estimates of 4 percent sequentially.

Regionally, Moody's said faster export growth potential from the Asia-Pacific economies feeding the world's appetite for goods has yet to translate into sustainable and broad-based economic acceleration.

For exporters, this matters for major oil and gas producers. Russian energy company Gazprom has said the region was a cornerstone of its strategy. With new policies that allow for crude oil exports, U.S. oil in the Aisa-Pacific is displacing some other types because it's less expensive. U.S. President Donald Trump, however, has embraced protectionist trade policies that could impede regional trade opportunities because China is pushing for a comprehensive trade agreement in the Asia-Pacific.

Brent, the global benchmark for crude oil, held a $5.75 per barrel premium early Monday over West Texas Intermediate, the U.S. benchmark.

OIL AND GAS
August oil production from Norway lower than expected
Washington (UPI) Sep 15, 2017
Total oil production in August from Norway, one of Europe's main suppliers, was slightly lower than expected, the government said Friday. Apart from Russia, Norway is one of the leading energy suppliers to the European economy, designating nearly all of its offshore production for exports. The National Petroleum Directorate reported preliminary figures for August at 1.55 million barrels ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
A sweeter way to make green products

How to draw electricity from the bloodstream

Scientists make methanol using air around us

Could switchgrass help China's air quality?

OIL AND GAS
Defects in next-generation solar cells can be healed with light

Dubai awards contract for final phase of solar park

Engineers develop tools to share power from renewable energy sources during outages

Obama-era solar power program reaches goal early

OIL AND GAS
Kimberly-Clark next U.S. company to draw more on renewables

UK wind electricity cheaper than nuclear: data

Last of the 67 turbines for a British wind farm installed

Light-based method makes remote wind measurements easier and more accurate

OIL AND GAS
Finland's TVO challenges approval of Areva bailout

EU parliament opposes bid to reduce testing of Fukushima food imports

PM opens country's fifth nuclear power plant

Jacobs JV wins support contract for nuclear research center

OIL AND GAS
Warmer world may bring more local, less global, temperature variability

Series of potent hurricanes stokes scientific debate

Italy's drought seen from space

Periodic table of ecological niches could aid in predicting effects of climate change

OIL AND GAS
VW recalls 4.86 million vehicles in China over airbag concerns

Waymo suit against Uber on road to trial

Rickshaws to jump start India's all-electric drive

Wax on, melt off: Roads that deice themselves during winter storms

OIL AND GAS
Dozens dead in Iraq attack claimed by IS

Iraq readies to retake IS bastion near Syria border

Iraq holds 1,300 IS women, children: security official

Slow recovery for Iraq's Mosul after IS ouster

OIL AND GAS
EU seeks to ramp up N.Korea sanctions pressure

North Korea says will make US suffer over 'vicious' UN sanctions

North Korea fires missile over Japan; With 'Guam in mind'

S.Korea's Lotte to sell China shops in face of boycott




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement