Energy Update
OSH, Kyrgyzstan, July 28 (Reuters) - Authorities in Central Asia's former Soviet "stans" are taking draconian measures to stamp out militant Islam, but their harsh methods and the absence of democratic politics risk provoking a backlash that could bring even greater instability.
OSLO, July 29 (Reuters) - Norwegian oil services firm Subsea 7 reported a smaller-than-expected fall in second-quarter earnings on Wednesday and said it would cut costs by up to $550 million by early next year as it whittles down its fleet and reduces staff.<
LONDON, July 28 (Reuters) - While local Chinese fret over the bursting of the Shanghai stock bubble, global investors are more worried about the yuan currency which once seemed destined to rise inexorably.
BEIJING/SINGAPORE, July 29 (Reuters) - Any attempt by Iran to sell to China millions of barrels of ultra light crude built up in tankers over the last 2-1/2 years of sanctions is likely to be thwarted by poor refining margins and an outage at a major importer of the oil.
Colin Richardson revels in what has been, and continues to be, a real pleasure being part of the market - or at least on its periphery.
(Wed, 29 Jul 2015) Reversing a decline that lasted more than a decade, industrial natural gas consumption has grown steadily since 2009 as relatively low natural gas prices have supported use of natural gas as a feedstock for the production of bulk chemicals. Industrial facilities, including methanol plants and ammonia- or urea-based fertilizer plants, consumed an average of 21.0 billion cubic feet per day of natural gas in 2014, a 24% increase from 2009.
WASHINGTON, July 29 (Reuters) - Opponents of President Barack Obama's soon-to-be-implemented policy to cut carbon emissions from power plants are planning to use an unlikely and potentially potent weapon against him: the recent U.S.
PORTLAND, Ore., July 28 (Reuters) - Protesters began gathering in a riverside park in Portland Tuesday evening, planning to drop kayaks in the water to protest Wednesday's scheduled launch of a ship to be used by Royal Dutch Shell for Arctic oil exploration.
State-run Kuwait National Petroleum (KNPC) has awarded contracts worth $11.5bn to develop a proposed refinery in the Al-Zour area, 90km south of Kuwait City.
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