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Power & Energy Commodity News

Shell exits Australian LNG project

Source: Financial Times, 20th January 2014

Oil major’s decision to leave gas project in Australia and sell stake to Kuwait company reflect chief executive’s hard choices after profit warning

Read the full article on FT.com

Oil markets likely to remain calm

Source: Financial Times, 20th January 2014

Issues of insurance and transportation by European tankers are unlikely to change while market for Iran’s petrochemicals has traditionally been Asia

Read the full article on FT.com

Oil markets likely to remain calm as Iran sanctions ease

Source: Financial Times, 20th January 2014

Situation around insurance and transportation by European tankers are unlikely to change while market for Iran’s petrochemicals has traditionally been Asia

Read the full article on FT.com

Shell blames refining woes for warning

Source: Financial Times, 17th January 2014

Oil group has blamed continuing woes in refining, fuel theft in Nigeria and higher exploration costs for its first profit warning in 10 years

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Polar vortex spurs wave of US gas demand

Source: Financial Times, 16th January 2014

The burst of consumption depleted underground inventories by 287bn cubic feet to 2.53tn cu ft in the week ended January 10, the EIA said on Thursday, exceeding the previous record withdrawal.

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Drop in crude stocks and sharp decline in imports

Source: Financial Times, 16th January 2014

US oil stocks declined by a record 41m barrels over the past seven weeks, amid strong demand

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Tullow highlights success in Kenya

Source: Financial Times, 15th January 2014

Two further discoveries lead Tullow Oil to nearly double its estimate of discovered resources in the South Lokichar Basin to 600m barrels of oil

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Russia and LatAm to be next shale stars

Source: Financial Times, 15th January 2014

Oil major BP believes shale production will take off in Russia and Latin America within two decades, raising hopes that America’s oil supply revolution can be replicated elsewhere

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Libya militias to pursue oil exports

Source: Financial Times, 15th January 2014

The self-declared autonomous government of Cyrenaica claims to be in discussion with prospective customers to ship oil out of Libya

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Brussels on course for Gazprom charges

Source: Financial Times, 15th January 2014

EU prepares to accuse Gazprom of abusing its market dominance in eastern Europe to overcharge, restrict gas resale, and block rival sources of supply

Read the full article on FT.com