Energy Update
Hydraulic fracturing, or fracking, is shunned by the environmentalists that laud renewable energy sources. However, by not supporting both initiatives, they may be working at cross purposes. Natural gas, booming largely because of fracking, complements renewable energies on the grid. The two seemingly opposite technologies are, for the moment, inextricably linked.
May 5 (Reuters) - U.S.
BEIJING, May 5 (Reuters) - Chinese prosecutors are investigating the former chairman of a top investment body in the southwestern province of Sichuan for corruption, state media reported on Tuesday, as the world's second-largest economy deepens its probe into deep-seated graft.
MOSCOW, May 5 (Reuters) - Russia's Gazprom plans to produce 485.36 billion cubic metres of gas in 2015, RIA news agency quoted the company's deputy CEO, Vitaly Markelov, as saying on Tuesday.
LONDON, May 5 (Reuters) - Miner and commodity trader Glencore on Tuesday reported a 9 percent fall in first-quarter copper production mostly due to lower copper grades at its Alumbrera and Antamina mines in South America and maintenance at the Collahuasi mine.
Platts editors analyse how the flow of Iranian crude could alter global supply-demand dynamics, as well as assessing the possible affect on prices.
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