Daily Archives: May 25, 2011

Mol Duna refineryHungary is taking no chances with control of Mol (MOL:BUD), the national oil company. After announcing a €2.88bn deal to buy back a controversial 21.2 per cent stake from Surgutneftgaz, the secretive Russian energy group, Budapest is proposing to up its stake further, to up to 24 per cent. Read more

Wow. Turns out that in 2008 (into the mega rally time period) someone may have been “squeezing” oil after all. Read more

FT Energy Source

- CFTC charges traders over oil price – FT
- Oil price jumps as Goldman raises forecasts – The Telegraph
- GE to invest in buoyant gas market – FT
- Shift in power generation lifts gas turbine makers – FT
- Big dogs of oil tangle over gas subsidies – WSJ
- Tymoshenko charged over gas contract – FT
- Shell huts Caspian office – The Telegraph
- Tullow buys North Sea assets – FT
- IAEA launches investigation into Japan nuclear accident – WSJ
- Spent reactor fuel ‘greater risk in US than Japan’ – NY Times
- Mol buy-back to cost €1.9bn – FT
- China’s utilities defy planners to cut production – NY Times Green blog
- US and EU step up Iran nuclear sanctions drive – FT
- US agencies to use only alternative fuel vehicles – Argus
- US smart grid to cost billions and save trillions – Bloomberg Read more