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With Chinese demand for seaborne coal stalling, India has become the great hope of the seaborne coal market....Read More »
Norway's previously long-standing cordial relations with Russia have
deteriorated to the point that there is a real chance that simmering feelings
could escalate, leading to a breakdown of cooperation in the oil and gas
Oil futures settled lower Tuesday as a stronger US dollar and slowdown in
the US oil rig count outweighed the risks from persistent fighting in the
Amid the global fall in oil prices, Ecuador is negotiating deferral of
payments to private oil companies it has pledged to pay fees per extracted
barrel, the oil ministry reported Monday.
The UK's new Conservative government is planning an energy bill to set up
the new Oil and Gas Authority with the powers it needs to become a "robust,
independent and effective regulator" and to give local communities the final
say on wind farm applications, the government said Wednesday.
Chinese LNG imports gained 12% year on year to reach 1.5 million mt in
April, General Administration of Customs data released late Tuesday showed.
A recent favorable decision by the US Department of Energy means a
proposed project designed to export up to 10 million mt/year of LNG from the
coast of Nova Scotia needs only two more export permit approvals, the project
developer said Tuesday, adding it continues to target first gas in early 2020.
Prompt power contracts in the UK slid Wednesday morning on strong wind
generation infeed forecasts and stable NBP gas prices, following a thinly
traded session, market sources said.
The Lower Colorado River Authority wants more wholesale customers for its
its surplus power in Texas, such that its recently rebranded wholesale
services arm will actively pursue new customers outside its usual service
The global value of carbon pricing instruments stands at $48 billion in
2015, according to a report released Tuesday by the World Bank Group and
consulting company Ecofys.
Combined coal stocks at three delivery terminals in northwestern Europe's
Amsterdam-Rotterdam-Antwerp trading hub were around 4.91 million mt Wednesday,
down 22.4% compared with the same time last year, according to data gathered
from port sources.
Spain's Industry Ministry has drawn up a ministerial order that will
oblige electricity generators to purchase 6 million mt of domestically mined
coal for 2015, the ministry said in a note Wednesday.
Strong demand for imported fuel grade petroleum coke (petcoke) was being
seen in India, but higher landed costs were making buyers wary of concluding
deals, sources said this week.
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