Spot News

- China’s crude oil imports near record high in April
Evidence oil demand in China is picking up (Reuters)

- EDF to sell British Energy stake to Centrica
UK gas group to pay less than expected £2.25bn (FT)

- Venezuela’s Chavez seizes oil service companies
Move paves way for takeover of oil contractors (Reuters)

- Australia’s Santos to raise up to A$3bn
Funds will go towards LNG project in Papua New Guinea (FT)

- UK’s CBI makes plea on greenhouse gases
Urges companies use one standard for reporting emissions (FT)

- Repsol profits more than halved in first quarter
Spanish energy group is latest to report weak results (FT)

- British Gas cuts electricity prices by 10%
Other suppliers expected to follow suit (FT)

- German nuclear phaseout seen boosting gas demand up to 23% by 2023
Christian Democrats warn of greater dependence on foreign supplies (Platts)

- Lex: Oil prices