Big Oil has been wheelin’ and dealin’ across the globe as geopolitical risks mount, and OPEC delivered a sigh of relief to crude markets with a signal that has brought the bulls out to play. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) • The EIA projects total world energy consumption will rise by 28 percent between 2015 and 2040, with most growth coming from developing countries. • Non-OECD Asia accounts for nearly two-thirds of the growth, and that category is dominated by China and India. • All major energy sources will see demand rise except for coal. Renewables post the strongest growth rate at 2.3 percent per year. Market Movers • Royal Dutch Shell (NYSE: RDS.A) said it began restarting its Deer Park refinery in Texas on Sunday, a facility that has a capacity of 325,000 bpd. ExxonMobil (NYSE: XOM) could restart most of […]