Tag Archives: EIA

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. …

New York, U.S. | Xinhua | Crude oil prices could soften in the coming months as looming oversupply is turning oil producers’ fortunes around, according to industry institutions and analysts. Meanwhile, a possible failure to revive the Iran nuclear deal by the first quarter of 2022 together with expected return of …

  It is a delicate balancing act of development of the oil and gas projects and impact on other sectors of the economy COMMENT | YUSUF MASABA | In the recent past, a host of countries; especially those from the West, have announced major commitments to significantly cut the carbon …

Houston, U.S. | Xinhua | The U.S. Energy Information Administration (EIA) forecast in a report on Tuesday that global crude oil prices will remain near current levels for the remainder of 2021 and will decline next year. In its August’s Short-Term Energy Outlook (STEO), EIA said Brent crude oil spot prices …

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 …

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, …

By Ronald Musoke The National Environment Management Authority (NEMA) has been dragged to court by a local civil society organization in an attempt to force it to release details of an environment impact assessment it sanctioned four years ago allowing a Chinese firm to do quarrying activities in a village …