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Power & Energy Commodity News

IEA warns of future oil supply crunch

Source: Financial Times, 12th November 2013

Concerns rise as key Gulf producers are delaying investment due to perception of oil abundance in the face of US shale revolution

Read the full article on FT.com

Green energy move fuels German job fears

Source: Financial Times, 11th November 2013

Coalition negotiators propose removal of exemptions that have shielded companies from the cost of moving to renewable power

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Transocean reaches deal with Icahn

Source: Financial Times, 11th November 2013

Oil driller will raise its dividend, step up its cost cuts, spin off some assets in a new partnership and cut the number of its directors

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Plan to shake up Norway’s oil fund

Source: Financial Times, 11th November 2013

World’s largest sovereign wealth fund could be managed directly by the central bank in an effort to speed up investment decisions

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BP in fresh attempt to curb spill payouts

Source: Financial Times, 10th November 2013

Compensation of $76m has been paid for claims where was ‘clear’ that the losses were not caused by the oil spill, say lawyers

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Poland struggles to break coal dependency

Source: Financial Times, 10th November 2013

The country is resisting a move to expensive renewable energy, angering those who think it should not be hosting a climate change summit

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Glencore focuses investment on oil

Source: Financial Times, 10th November 2013

Commodities group has long been a giant in oil trading but now plans to expand oil production while it cuts capital expenditure in other divisions

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Corn jumps on strong US demand forecast

Source: Financial Times, 8th November 2013

Signs that grain and oilseed demand were rebounding have been emerging in recent weeks as the effects of last year’s US drought vanish

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Bumi dealings probed by UK watchdog

Source: Financial Times, 8th November 2013

London-listed miner is to seek approval for name change to Asia Resource Minerals following lengthy boardroom battles over corporate governance

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Iran nears interim nuclear deal with US

Source: Financial Times, 8th November 2013

The prospect of an agreement is criticised by Israel and faces new obstacles in the US Congress

Read the full article on FT.com