Although Latin America’s oil production has grown steadily in recent years, the region’s refineries have been unable to keep pace with rising demand, Arthur writes. US Gulf Coast refineries have responded quickly to rising global demand, and Latin America has become their largest overseas market.
While China, Saudi Arabia, and other nations are pushing to replicate America's shale boom, they face huge logistical obstacles. Some nations may find the investment is just too big.
A survey of Canadian adults found that most reacted negatively to foreign control of their natural resources, according to OilPrice.com. Canadians are "not particularly supportive" of a proposed deal with the China National Offshore Oil Corp.
Lawmakers in Ottawa have expressed reservations over a possible Chinese takeover of a major Canadian energy company.
The expansion of oil exploration and drilling in the South China Sea has raised the stakes in the various territorial disputes between China and its neighbors, particularly the Philippines.
Commodity trading reversals in US cause Japan and Korean markets to fall. Asian mining, energy companies drop with negative cast to commodity trading.
Drilling shale to capture oil and gas is a technology that China, which burns a lot of coal, is eager to learn. That's why it's a partner in a south Texas 'fracking' project.