Daily Archives: January 4, 2011

Russia’s plan to reorient its energy trade towards the east has taken a leap forward with the start of oil exports through a new pipeline to China. Read more

Kiran Stacey

Oil prices neared 27-month highs yesterday, and analysts are expecting the run to go on and on. A survey of analysts yesterday by Bloomberg found they expected 2011′s average price to be the second highest ever.
Today, Barclays Capital has added to that sentiment, producing its list of five predictions for the oil price for 2011. Not one of them reads well for consumers. Read more

Sylvia Pfeifer

Shares in BP hit a 6-month high this morning after a report that Shell considered an opportunistic takeover bid for the UK oil group in the summer during the Gulf of Mexico spill.  Read more

Kiran Stacey

The first London trading day of 2011 is proving to be a volatile one for oil explorers.  Read more

FT Energy Source

- US eases barriers to deepwater drilling – FT
- Spill’s long-term impact keeps heat on BP – FT
- China claims new nuclear technology – The Guardian
- Sinopec trading unit halts diesel imports – Bloomberg
- Vallar eyes acquisitions to follow Asian deal – FT
- Killing Iran’s energy industry – Mark Dubowitz, WSJ (£)
- Ecuador’s novel plan to save rainforest – FT
- House promises early action on emissions rules – Argus
- Vestas says wins Italian and German orders – Reuters
- Siemens invests in expanding wind power – NY Times
- Huhne promises faster green energy switch – The Guardian
- Cold and floods send fuel prices to new highs – FT
- Argentina threatens to fine electric companies for blackouts – WSJ (£) Read more