Bloomberg looks at new information on the global oil supply picture. From its piece:
Oil markets are better supplied for the first time since 2009 as “sluggish” demand and OPEC output at more than a three-year peak eased inventory depletion, according to the International Energy Agency.
Global oil inventories may have increased by more than 1 million barrels in the first quarter, the Paris-based IEA said in its monthly Oil Market Report today.
The Associated Press reports that shares of oil giant Royal Dutch Shell fell in European trading Thursday after the company reported a “light sheen” of oil near two of its Gulf of Mexico production projects.
“The company says the source of the sheen is unknown and it had ‘no current indication the sheen originates from wells in either the Mars or Ursa projects’ about 130 miles southeast of New Orleans,” AP reports.
Two stories on headwinds facing green energy:
Bloomberg's New Energy Finance unit reports that “Global investment in clean energy dropped to its lowest since the depths of the financial crisis three years ago as the U.S. and European nations cut support for wind and solar projects.”
The New York Times reports that the solar power company BrightSource Energy scrapped a planned IPO late Wednesday, citing tough market conditions.
Finally, The Lincon Journal Star reports that Nebraska’s Legislature approved a bill to proceed with a study of a new route for the proposed Keystone XL pipeline.