Daily Archives: May 16, 2011

Kiran Stacey

I speculated earlier this month somewhat idly on whether the UK or US energy secretary would be the first to quit his post. Many in the gossipy world of Westminster politics are betting on an imminent Chris Huhne departure. But after one of the stormiest weekends of his political life, it is difficult to say whether he is now stronger or weaker. Read more

BP was fighting on Monday to save its planned $16bn deal with Russian state-run oil group Rosneft before the deadline on the deals lapses at midnight. Read more

Contrary to popular belief, analysis of the latest CFTC position data is beginning to show that it wasn’t so much the ‘froth‘ in the market that was responsible for this month’s run-up and subsequent commodity price collapse, but the professional fund community. Read more

Kiran Stacey

The news last week that the Japanese government was close to agreeing a bailout plan for Tepco, the electricity company that owns the Fukushima nuclear plant, should have come as a relief for the company and its debt holders. Read more

FT Energy Source

- Iraq set to miss output goals – FT
- BP in last-ditch bid to save Arctic ambition – FT
- Shell poised to get Alaska permits – WSJ
- Oil groups get one-year lease extension – FT
- Obama says he will lift US oil output – WSJ
- Second largest US refinery under flood threat – Bloomberg
- Oil price helps Petrobras profits rise 42% – FT
- Total and ExxonMobil sign Polish shale deal – Argus
- Cores damaged at three reactors – WSJ
- Markets fret over Japan rescue plan – WSJ
- Electricity market plans under fire from MPs – FT
- Electricity reforms may hide nuclear subsidy – The Telegraph
- Government report reveals fear of sudden rise in oil prices – The Times
- David Cameron could score points from carbon budget row – The Guardian
- Hydropower’s resurgence and the controversy around it – NY Times
- Rome’s emperor of energy – FT
- Whitehaven Coal ends sale process after bids fall short – Argus
- Solar plane makes maiden international flight – Reuters Read more