Spot News

- PetroChina to pay $1bn for stake in Singapore Petroleum
First Chinese offshore purchase of downstream company (FT)

- Aim resources groups remain at risk
Ernst & Young doubts on oil sector (FT)

- Medvedev presses EU to help Ukraine pay gas bill
Russia-EU summit makes little progress (FT)

- Areva division’s fate set to be decided
Sale likely to be announced in mid-June (FT)

- Analysis: Into Africa
Gas groups at risk in Equatorial Guinea (FT)

- Lex: Gas pipelines

- Editorial comment: Frost in Siberia

- Arab stocks to outperform as oil advances, ADIC says
MSCI Arabian Markets Index in ‘outperformance phase’ (Bloomberg)