Daily Archives: March 6, 2009

Ed Crooks

Chile and Argentina team up to contest the UK’s claim to mineral rights off Antarctica

In the northern hemisphere, the low oil price may stop 40 of Statoil’s projects in Norwegian waters

Ukraine has paid its bill to Gazprom, but Hilary Clinton still issues Russia with a warning about using energy as a “weapon”. The EU commission president was also concerned, although the foreign minister of the Czech Republic, which holds the EU presidency, was not so much

The IEA and Opec are both likely to cut their forecasts for oil demand next week, but speculation persists that Opec may feel it has done enough, amid signs that the oil market is tightening

James Fontanella-Khan

Energy news from elsewhere:

- Oil trades near $44 on concern recession will limit fuel demand (Bloomberg)

- CNOOC plans to invest $44bn in south China (Reuters)

- Brown expects 400,000 new jobs from cleaning UK environment (Bloomberg)

- China to boost Russia energy links (China Daily)

James Fontanella-Khan

Energy news from the FT:

- ExxonMobil sticks to investment plan
World’s biggest oil group to invest $29bn this year

- Investors fear GE will lose triple A rating
Shares tumbled briefly below $6, a level unseen since 1991

- GDF Suez prepares for tough 2009
Profits postponed and share buy-backs cancelled

- Wind drives change in Spain
Spain’s windmills produced a record amount of electricity

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