Slow market impacts refining capacity expansion with reduction of 3 million barrels per day by 2020, says GlobalData

Global crude distillation unit (CDU) capacity will grow by 16.7% by 2020 based on planned and announced refineries, according to research and consulting firm GlobalData. Current capacity is 98.9 million … Read More

Mozambique could join Australia, Qatar in league of world’s largest Gas producers

Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a … Read More

Horizons 2015: What to look for in the year ahead

[twitter-follow screen_name=’oilnewskenya’] Source: Wood Mackenzie Macroeconomics: Asia’s consumers are key “The rate at which China’s economy rebalances away from investment and towards consumption will determine long-term trends in energy demand,” Cynthia Lim, … Read More