1. OIL AND GAS:
U.S. unconventional oil ignites chain reaction that redefines global markets -- IEA
LONDON -- Shock waves from the gush of unconventional North American oil and gas are rippling through global energy markets at a pace faster than anticipated just a few months ago. The impact of U.S. tight oil and Canadian oil sands is setting off a chain reaction in the market from top to bottom. Investments, refining, storage, trade -- all are being redefined by the shift in production and demand.