Energy Update
BEIJING, May 14 (Reuters) - China, the world's
fourth-largest oil producer, pumped 5.6 percent less crude
year-on-year in April, official data showed, as oil firms
struggled with cost pressures with crude prices hovering around
$40 a barrel.
BEIJING, May 14 (Reuters) - China produced 268 million
tonnes of coal in April, down 11 percent on the year, the
National Bureau of Statistics said on Saturday, with producers
cutting back in a concerted effort to shore up prices.
BEIJING, May 14 (Reuters) - China's April natural gas
production rose 5.6 percent over the same year-ago level to 10.6
billion cubic metres, according to data released by the National
Bureau of Statistics on Saturday.
BEIJING, May 14 (Reuters) - China generated 444.4 billion
kilowatt-hours of power in April, down 1.7 percent compared with
the same period of last year, figures from the National Bureau
of Statistics showed on Saturday.
BEIJING, May 14 (Reuters) - China produced 268 million
tonnes of coal in April, down 11 percent on the year, the
National Bureau of Statistics said on Saturday, with producers
cutting back in a concerted effort to shore up prices.
BEIJING, May 14 (Reuters) - China's April domestic crude oil
production fell 5.6 percent on year to 16.59 million tonnes,
according to data released by the National Statistical Bureau on
Saturday.
WASHINGTON, May 13 (Reuters) - The United States is
increasingly concerned about the potential for an economic and
political meltdown in Venezuela, spurred by fears of a debt
default, growing street protests and deterioration of its oil
sector, U.S. intelligence officials said on Friday.
WASHINGTON, May 13 (Reuters) - The United States is
increasingly concerned about the potential for an economic and
political meltdown in Venezuela, spurred by fears of a debt
default, growing street protests and deterioration of its vital
oil sector, U.S. intelligence officials said on Friday.
ORANJESTAD, May 13 (Reuters) - The Citgo Petroleum refining
unit of Venezuela's state oil company Petroleos de Venezuela SA
has reached a deal to lease and restart an idled
235,000-barrel-per-day refinery in Aruba, the government of the
Caribbean island said on Friday.
Following the Platts Global Crude Oil Summit in London, Paul Hickin debunks some oil market myths with an affectionate nod to Monty Python.
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