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Power & Energy Commodity News

Mexico hedges oil output at record price

Source: Financial Times, 18th September 2013

Concerns about rising production costs mean that long-term prices have remained high and oil-producing nations are able to finance growing budgets

Read the full article on FT.com

Brazil’s Petrobras steps up data security

Source: Financial Times, 18th September 2013

The state-owned oil group says it is investing R$21bn in five years to improve data security, following allegations US spies are targeting the company

Read the full article on FT.com

Probe puts PetroChina under pressure

Source: Financial Times, 18th September 2013

The investigation has cast a harsh spotlight on the oil group’s flaws but it could spur change that elevates the company into the global top tier

Read the full article on FT.com

PetroChina may emerge stronger from probe

Source: Financial Times, 17th September 2013

The investigation has cast a harsh spotlight on the oil group’s flaws but it could spur change that elevates the company into the global top tier

Read the full article on FT.com

Study points to vast shale oilfields

Source: Financial Times, 17th September 2013

Findings show costs for extracting ‘tight oil’ reserves, held in shales and other rocks, are much higher in other countries than in North America

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Record Saudi oil output fills supply gap

Source: Financial Times, 16th September 2013

In spite of the shale oil revolution in the US, the world has become, if anything, more dependent on a handful of Gulf producers to fill supply shortfalls elsewhere

Read the full article on FT.com

Chinese refiner snaps up North Sea crude

Source: Financial Times, 16th September 2013

Move unusual as Chinese buyers tend to avoid North Sea market, because of the costs and time involved in transporting oil from northwest Europe to China

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World’s dependence on Saudi crude grows

Source: Financial Times, 16th September 2013

In spite of the shale oil revolution in the US, the world has become, if anything, more dependent on a handful of Gulf producers to fill supply shortfalls elsewhere

Read the full article on FT.com

Libya pays price of oil industry unrest

Source: Financial Times, 16th September 2013

Militias and striking workers have combined to close a series of Libya’s export terminals and oilfields, cutting output from 1.4m b/d to less than 200,000 b/d

Read the full article on FT.com

Ukraine pins hopes on corn harvest

Source: Financial Times, 16th September 2013

The corn boom is proving a bright spot as Ukraine grapples with a recession, current account deficit and emerging market currency turmoil

Read the full article on FT.com