Daily Archives: April 19, 2010

Carola Hoyos

Three themes have emerged from the gas exporters meeting in Algeria.

  1. The developing courtship of Qatar and Russia
  2. Disquiet about Algeria’s idea of forming a gas cartel and gas exporters reaffirming their love of the oil/gas price link
  3. New countries seeking membership

It is still early days, but here is a collection of interesting quotes – arranged along theme lines – from news wires covering the meeting. Read more

Sheila McNulty

The news about the US refining industry has been nothing but bad for several years now. A key reason, of course, is the economic downturn, although there are others. Meanwhile talk about impending carbon legislation is not helping the mood in this carbon-intensive industry. Yet perhaps things are turning around. The American Petroleum Institute reported on Friday that US refineries produced more gasoline this March – 9.3m barrels per day – than any previous month on record. Read more

Kate Mackenzie

It’s still too early to tell whether European shale gas will prove the game-changer that it has been in the US. But Bernstein Research analyst Oswald Clint, after a trip to Poland to meet companies operating there, remains unconvinced that the various hurdles already identified will be easily overcome — and adds a few more concerns of his own. Read more

Kate Mackenzie

Members of the Gas Exporting Countries Forum are meeting in Oran on Monday. But even with natural gas prices falling and concerns about the US production glut, it still looks unlikely to raise any consensus on introducing production quotas. Read more

Kate Mackenzie

On the face of it, crude oil prices falling after the SEC’s lawsuit against Goldman Sachs is not really a big deal: equity markets around the world fell in response to the news, and the strong correlation of crude oil prices to equity markets and various macro indicators is quite well-established these days.  Read more

Kate Mackenzie

- How solving the energy crisis could bring peace

- The world’s oil consumption in real-time: Jog Falls

- European renewables investors are not quite convinced

- Baghdad’s refinery spree

- The formation of coal [And more] Read more

Kate Mackenzie

China lends Venezuela $20bn, secures oil suppy - Bloomberg

Areva close to finalising €3bn fundraising – FT

Brazil rejects protests and pushes ahead with Amazon power plan – FT

Obama lacks domestic, international support for key nuclear ambitions – Washington Post

World Bank says East Asia can stabilise emissions by 2025, for $80bn/year – Reuters

UK’s Rockhopper starts Falklands well - Argus Read more