Saudi Arabia will need 53% more fuel to fire its power and desalination plants by 2017 as domestic jumps. The desert kingdom will use 2.3 million b/d of oil equivalent by 2017 for domestic use, compared with 1.5 million barrels last year.

Early next year Saudi Arabia is expected to announce a plan to generate up to 10% of its electricity from the Sun by 2020.

Canadian politicians and energy executives are ratcheting up support for several big infrastructure projects aimed at redirecting the country’s growing oil output to Asian markets—a move seen as crucial in preventing a looming bottleneck of crude oil.

Oil sands production in Canada will likely triple by 2035, making it the overwhelming source of Canadian crude oil and opening doors to additional energy exports, says a new report from the country’s National Energy Board.

China has agreed to a new $6 billion loan to help Venezuela boost its crude oil output and will also help upgrade electric power plants and increase production of iron and aluminum. The loan is payable in crude oil supplies to China.

China’s crude oil consumption by 2015 will be “significantly” higher than IEA forecasts, surging 35% from this year, as economic expansion spurs fuel demand, Barclays Capital forecast.

Turkmenistan’s agreed to boost its supply of natural gas to China by nearly two-thirds.

U.S. exports of gasoline, diesel and other oil-based fuels are soaring, putting the nation on track to be a net exporter of petroleum products in 2011 for the first time in 62 years. A combination of booming demand from emerging markets and faltering domestic activity means the U.S. is exporting more fuel than it imports, upending the historical norm.

US livestock farmers are demanding a change in the nation’s ethanol policy, claiming current rules could lead to spikes in meat prices and even shortages at supermarkets if corn growers have a bad year.

The repairs to bombed pipelines supplying Nigeria’s refineries and distributing petroleum products will cost $2 billion. Nigeria’s hundreds of kilometers of crude oil pipelines are targets of sabotage attacks by thieves who steal crude for their numerous illegal refineries in the region or steal oil products to sell on the black market abroad.

As the global population grows to 8.7 billion people by 2040, global energy demand will be 30% higher than it was in 2010, ExxonMobil CEO Rex Tillerson said.

Korean president Lee Myung-bak has warned the country of potential electric power shortages this winter. He urged Koreans to lower thermostat settings, switch off unneeded lights and install energy-efficient appliances in their homes and offices. A series of blackouts swept across the nation in mid-September amid an unseasonable heat wave.

 

with h/t Tom Whipple

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