Global Oil and Gas Market Update Dec, 2013

• GCC Oil and gas consumption set to rise 50 per cent by 2030.
• Global gas flaring has been reduced by 20 per cent over the past six years, helping to reduce wastage of the energy resource and a drop in global CO2 emissions
• Chevron Corp.’s $1.4 billion base oil plant comes on line at the Pascagoula refinery next year.
• Germany consumed 79553 MT of Lubricants in August 2013.
• Heritage-Crystal Clean, Inc. Announces the Acquisition of Used Oil Collection Service Territories in the Great Lakes Region Rea.
• Seaoil introduces reformulated fuels with STP additives.
• Illinois ethanol plant to build co-located biodiesel plant.
• West Asia demand may drive basmati exports to record 4 mt.
• Soyameal exports jump nearly four-fold to 1.94 LT in October.