Daily Archives: December 22, 2010

Kiran Stacey

Many apologies to all of those who sent in questions, but we are having to delay Chris Huhne’s Q&A session until the new year, as the energy secretary has not yet been able to answer all your questions.

His answers will appear on this site in early January – date to be confirmed in the new year.

Apologies again, and thanks for your patience.

In Beijing on Tuesday, long lines began to form around gas stations across the city. It was one of the first tangible signs of the government’s decision to raise fuel prices, which went into effect Tuesday at midnight.

Although the drivers waiting in line may have been worried about their pocket books, the increases are not all that large: gasoline now costs a maximum of 8,530 rmb per tonne (which is less than one dollar per litre), up from 8,220 rmb per tonnne. Diesel prices are now capped at 7,780 rmb per tonne, from 7,480.

FT Energy Source

- Ghana and Kosmos sign truce agreement – FT

- India’s ONGC eyes new Russian prospects – Argus

- State Grid views Brazil as another smart move – FT

- China raises gasoline prices as crude costs spike – Bloomberg

- Gulf oil and gas groups struggle after spill – FT

- Feinberg’s comments irritate lawyers – NY Times

- Trafigura net income falls as oil trading hit – FT

- Exco buys Marcellus shale assets for $459.4m – Upstream Online

- Why Bolivia stood alone in opposing Cancun agreement – Pablo Solon, The Guardian

- PPG to pay $3.75m to settle illegal export charges – WSJ(£)

- BG picks Vale man for finance role – FT

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Insight into the financial, economic and policy aspects of energy and the environment.

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