Oil

Overseas aid to Africa being outweighed by hefty costs of importing oil

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Fiona Harvey
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Sub-Saharan states need to move to renewable energy sources as $15bn in aid is outstripped by $18bn in oil imports, says IEA ... Read more about Overseas aid to Africa being outweighed by hefty costs of importing oil

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Energy ring best option to solve regional needs

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Shahiduzzaman Khan
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Energy demands in South Asia are growing at rate of over 6.0 per cent a year - a pace that is far in excess of the region's capacity to meet. The fact that a sizeable section of the population does not have access to electricity makes energy security a daunting challenge for the countries of this region. ... Read more about Energy ring best option to solve regional needs

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Oil Consumption Hits All-Time High

Oil
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Economic Recession a Blip on Oil Consumption’s Upward Climb

World Consumed 87.4 Million Barrels Per Day in 2010

Washington, D.C. - Global oil consumption reached an all-time high of 87.4 million barrels per day in 2010, according to a new Vital Signs Online report from the Worldwatch Institute. The 3.1 percent increase more than makes up for the brief decline in consumption caused by the economic crisis.
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