Spot News

Hurricane lull steadies turbulent oil industry
Unusually late stormy season is welcomed by traders (FT)

Weak dollar buoys oil prices
Crude futures edged up as dollar offset rise in U.S. inventories (WSJ)

Beijing hints at softer line in climate talks
China could commit to reducing carbon emissions beyond 2012 (FT)

Oil may set 2009 high, won’t fall below $66: technical analysis
Three-week uptrend may continue, raising market’s support level (Bloomberg)

Rise in pump price looks temporary
Gas prices won’t reach 2007 levels (WSJ)

Tories warn on nuclear power plans
Conservative party may use government subsidies for new reactors (FT)

Lula wants Petrobras to operate sub-salt
Proposal may face a tough fight in Congress (Reuters)

China coal group says most supply deals inked-paper
Executive says miners and power firms deadlocked on term deals (Reuters)

Ex-Ospraie traders start Falckon energy hedge fund
Netherlands fund started as investors return to commodities (Bloomberg)

Qatar cuts July crude oil prices on weak Asian demand
Weak demand for grades such as diesel (Bloomberg)

OMV chief included in insider trading probe
Prosecutors in Vienna take up inquiries into energy group CEO (FT)

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