Energy Update
Analyzing recent trends in Brent crude oil prices, focusing on a perceived disconnect between the rally in futures and the weak physical crude market.
WASHINGTON/NEW YORK, May 14 (Reuters) - Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy.
There was considerable anxiety over oil price volatility's impact on petrochemical margins at a recent petchems conference, Platts editors observed.
TASHKENT, May 14 (Reuters) - Uzbekistan's government needs to speed up private sector reform to make sure robust economic growth remains sustainable, the International Monetary Fund said, forecasting a strong 2015.
TOKYO, May 14 (Reuters) - Average liquefied natural gas (LNG) spot prices for buyers in Japan fell to a two-month low in April, trade ministry data showed on Thursday, in another sign of slack global demand. Spot LNG contracted in April for delivery to Japan averaged $7.60 per million British thermal units (mmBtu), down from $8 a month earlier, less than half the level a year ago, the Ministry of Economy, Trade and Industry (METI) said.
Is it the first signs of a serious problem for wind power generation?
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