Spot News

US natural gas industry fears damage from trading curbs
Worries that regulatory upheaval could dry up business (FT)

India plans green overhaul
Fresh impetus before key Copenhagen talks (FT)

IEA warning over oil trade rules distortion
Downplays link between speculators and oil prices (FT)

Subdued recovery in global oil demand
IEA warns evidence of recession bottoming out is ‘patchy’ (FT)

CAO trials European cross-border power auction
Trial of flow-based auction method will be held end of August (Argus)

Oil refiners opt for long-term strategy
With world energy demand low, some refineries face closure (FT)

Luck and oil boost BHP’s balance sheet
Company delivers final dividend of 41 cents a share (FT)

Sinochem to buy Emerald Energy
Chinese chemicals company to buy for £532m (FT)

Australia’s Arrow says it had talks on asset sales
Discussions included potential change of control (Reuters)

Pemex needs oil at $70/barrel to sustain projects, Kessel says
Focus for state-owned company on deep sea wells (Bloomberg)

Shell joins carbon capture plant race
Only major oil company to enter race in UK (FT)

Soco targets Africa as Asia lifts revenue
Production from Vietnam and Thailand buoyed revenues (FT)

Sterling Energy pumps up
Launch of deeply discounted fundraising expected (FT)