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Power & Energy Commodity News

Apache bets on US oil boom

Source: Financial Times, 4th June 2013

Independent oil group’s international assets will be generating cash for its North American fields, which are now the company’s growth core

Read the full article on FT.com

Iran oil output heads to 25-year low

Source: Financial Times, 4th June 2013

Tehran’s production is falling to levels last seen in 1989 as Asian buyers cut their imports amid tightening US and European energy sanctions

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US shale gas to lead to lower oil prices

Source: Financial Times, 3rd June 2013

Lower prices and plentiful supplies unleashed by the US shale revolution are expected to lead to adoption of liquefied natural gas vehicles

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Cunha seeks to restore value at Petrobras

Source: Financial Times, 3rd June 2013

Newly appointed independent director estimates that $208bn in shareholder value has been wiped off the Brazilian state oil company since 2009

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Physical oil gets tight as Brent slides

Source: Financial Times, 3rd June 2013

The market for low-quality, high-sulphur crude that makes up the bulk of the production of the Middle East and Russia, the world’s two main sources of oil exports, is tightening

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Emirates create $15bn aluminium champion

Source: Financial Times, 3rd June 2013

Dubai and Abu Dhabi merge metal smelters, marking the end of five years of talks between the UAE’s oil-rich capital and its commercial hub

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Emirates create $15bn industrial champion

Source: Financial Times, 3rd June 2013

Dubai and Abu Dhabi merge aluminium smelters, marking the end of five years of talks between the UAE’s oil-rich capital and its commercial hub

Read the full article on FT.com

Gas find raises hopes of UK energy boom

Source: Financial Times, 3rd June 2013

IGas’s estimate of gas in its licence area would meet the UK’s needs for about 60 years – but only a small fraction of that may be recoverable

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Aberdeen rides the wave of oil prosperity

Source: Financial Times, 2nd June 2013

Scottish port has benefited from the renaissance of the oil and gas industry on the back of rising prices even as debate rages over its future

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Bumi reveals missing payments top $201m

Source: Financial Times, 31st May 2013

Indonesian coal miner reveals missing payments tops $201m as it reports an annual loss of $2.4bn and aims to have trading in its shares resumed

Read the full article on FT.com