Spot News

China oil and iron ore imports surge
Buying for both raw materials hits record (FT)

Brotherly shove
Ambani squabbles over gas gaining national importance in India (FT)

Repsol is said to favor CNPC over Cnooc in YPF sale
Spain’s oil producer to sell stake in its Argentine unit (Bloomberg)

Indian groups move to fill power void
$6bn targeted for generation projects (FT)

Shell pipeline attacked in Nigeria
Attack by locals underscores ongoing risk despite cease-fire (WSJ)

Motor lobby attacks planned emission rules
Light commercial vehicles to meet tighter environmental standards (FT)

Australia heatwaves lift Intl Power figures
Profits buoyed by hot weather, but demand and prices low (FT)

Alon says no impact from Big Spring outage
US energy company struck by power outage at refinery (Reuters)

UK’s Trading Emissions pares back CER portfolio
Decline partly result of CDM’s decision to reject project (Argus)

Danish Dong reports higher first-half gas production
Gas production doubled, although net sales declined (Argus)

Shell plans Eugene restart in September after repair
Key Gulf of Mexico supply line shut down in July (Reuters)

A different kind of goal achieved
Tom Smith left school, now leads business in North Sea oilfields (FT)

India’s Mangalore Refinery seeks to sell jet fuel for September
Aviation turbine fuel from New Mangalore port on west coast (Bloomberg)