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CGES Highlights
Pressure within OPEC to reduce supply
Although they subsequently agreed on an overall output target of 30 mbpd, OPEC oil ministers failed to hammer out individual quotas. For two years now Saudi Arabia has been balancing the oil market almost on its own and could continue to do so. The CGES has calculated that, with an average ... more
Oil demand is up -- but only just
The CGES and OPEC have precisely the same view regarding oil demand growth this year, while the EIA, after revising downwards its prediction for the fourth month ... more
Five oil and gas discoveries in 2013
Further oil discoveries offshore Ghana, in the Deepwater Tano / Cape Three Points licence block, have been announced by Hess Corporation. The Pecan-1 exploration well ... more
CGES In The News
8 May
2013
Chilly North Sea Comes Back to Life
France's Total says it will start extracting natural gas from ...
Full Article
8 May
2013
Gazprom snubs EU-Ukraine gas talks
The roundtable included ministers from several EU member states, ...
Full Article
30 Apr
2013
Crude prices drop sharply on demand concerns in early April
The fall in West Texas Intermediate (WTI) was less steep — ...
Full Article
25 Apr
2013
EBRD Supports Montenegro's Power Grid Upgrade, Link to Italy
The EBRD’s board of directors approved the syndicated loan ...
Full Article
27 Mar
2013
Gas ship diverts to Milford Haven with six hours' UK supply
But an energy expert said the country's lights would not go ...
Full Article
25 Mar
2013
Two Iraqs, one big mess
Welcome to Kurdistan, a semi-autonomous part of the troubled country ...
Full Article
