Spot News

China and Australia sign $41bn energy deal
PetroChina agrees to buy LNG for 20 years (FT)

Oil can be a curse on poor nations
Underdeveloped countries tend to be so because of resources (FT)

Brazil oil law to be introduced soon
Laws aim to regulate vast sub-salt oil reserves (Reuters)

Australia’s Origin Energy says 2010 growth may slow
Flags potential write-off in exploration expense (Reuters)

Angola’s oil exports set to rise to highest this year
Signal that country pumps more than Opec quota (Bloomberg)

Potential of the sun dawns on the US
Country is seen as ‘next big thing’ (FT)

Beijing’s tariffs ramp up domestic market
2GW is target for total installed capacity by end of 2011 (FT)

US energy industry stages rally against climate bill
More than 3,000 people participated in first ‘energy citizen’ rally (FT)

CFTC wades into murky US carbon-dioxide markets
Contract is second to be reviewed for price-discovery function (Argus)

Slump in component prices keep industry under a cloud
Global slump in solar component prices leave German makers struggling (FT)

Woodside net falls 12% on oil; Pluto LNG on schedule
Australian producer said profit fell on lower prices (Bloomberg)

Ambani dispute spills into the press
Gas dispute escalates as public opinions get involved (FT)