Daily Archives: January 5, 2011

In this week’s podcast: Rising oil and commodity prices and the threat to the global economic recovery; Northern Ireland’s water debacle; a BP update. Read more

Kiran Stacey

Yesterday I blogged about the growing consensus among analysts that the price of oil was heading in only one direction: upwards. BarCap, in fact, forecast it would hit $100/barrel this year, with Opec only taking action to increase production after a price spike.
Now the IEA has fired a warning shot across Opec’s bows with a stark warning from its chief economist, Fatih Birol.  Read more

Sheila McNulty

The fight over Dynegy is not over yet. Despite joining forces to block the Blackstone group’s takeover of the US power producer late last year, Carl Icahn, the largest holder of Dynegy shares, and Seneca Capital, the second largest owner of Dynegy shares, have since parted ways. Read more

At the end of 2009, South Korea’s Kepco surged past French, US and Japanese competitors to win one of the world’s biggest nuclear tenders on offer – a $20.4bn contract to develop a civilian nuclear programme for the United Arab Emirates. Read more

Kiran Stacey

- Rising oil price threatens fragile recovery – FT
- Floods choke global coal supplies – The Times (£)
- US oil groups seek easing of drilling curbs – FT
- BP shares surge on spill compensation – FT
- Petrofac hires BP spill casualty Inglis – The Telegraph
- Sinopec to extend Repsol alliance – FT
- Cnooc parent to invest $150bn in 2011-2015 – Bloomberg
- Sinovel Wind to raise up to $1.4bn in Shanghai IPO – Reuters
- Petrobras in talks over Eni’s Galp stake – FT
- Argentina gives Edesur 10 days for plan to fix grid – WSJ (£)
- South Atlantic yields more frustration – FT
- Cap and trade advocate joins White House – NY Times Green blog
- Delek warns of impact from Israeli tax regime – FT Read more