Spot News

Fund bets millions on tripling of gas price
Hedge fund spends millions on US natural gas options (FT)

Lex: Naturally gassed
Natural gas has hit seven-year low (FT)

Kuwait says OPEC should keep output steady next month
Quotas should be left unchanged (Bloomberg)

Fitch upgrades Uganda outlook
Oil-producing potential helps drive economic development (WSJ)

Woodside in talks on Pluto LNG
A$12bn project seeking new customers to underwrite expansion (FT)

Essar Oil may start gas output from coal beds by end of year
India’s refiner may start production in West Bengal (Bloomberg)

Sinopec to shed ‘victim’ tag on profit surge; beat Shell, Exxon
Company may post sevenfold surge after increase in fuel prices (Bloomberg)

Santos eyes Timor gas for Darwin LNG expansion
Gas fields could be used for planned expansion of facility (Reuters)

Venture rejects
UK oil group rebuffs unsolicited advances of Centrica (FT)

Nine held in carbon trading swoop
Sign of criminals targeting schemes to combat climate change (FT)