Spot News

Foreign energy groups buy into US natural gas
Estimates of US supplies continue to increase (FT)

Sinopec to boost expansion abroad after profit surges to record
Asia’s biggest refiner plans “rapid” overseas expansion (Bloomberg)

Budget pain spreads to energy-rich states
Falling natural-gas prices erode revenue and spark spending cuts (WSJ)

China nears climate-change deal with US over fuel efficiency
Bilateral discussions making progress but no “breakthroughs” (Bloomberg)

Iraq’s second oil bidding round needs higher fees to succeed
Iraq needs to pay more to attract foreign bidders (Bloomberg)

Brazil governor vows opposition to new oil rules
Changes would reduce Rio de Janeiro’s tax revenue (Reuters)

Adani makes lacklustre Bombay debut
Shares in power generation group fell below offer price at one stage (FT)

India urges restraint in Ambani dispute
Comments by oil ministry follow advertising campaign (FT)

Centrica deal gains EU approval
UK’s biggest utility one step closer to acquiring Venture Production (FT)

Gazprom to use Dutch gas storage
Part of government drive to make Netherlands gas hub (FT)

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