China and India will account for much of the growth in energy consumption for the next few decades, but the EIA says that energy consumption will also rise sharply in other parts of non-OECD Asia. – Southeast Asia in particular will see a sharp increase in consumption, with Indonesia, Thailand and Malaysia standing out. – Energy consumption expands across multiple sectors. Industrial consumption in non-OECD Asia (excluding China and India) will rise by 60 percent between 2015 and 2040; passenger travel will more than triple; and freight transit will increase sharply. Market Movers – Chevron (NYSE: CVX) said it would invest $4 billion in the Permian Basin in 2018, and the oil major has plans to ramp up production from the shale basin to over 400,000 bpd over the next few years. – Continental Resources’ (NYSE: […]