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Japan PM adviser Honda: too early to say if yen fall will hurt Japan

TOKYO, March 10 (Reuters) - A key economic adviser to Japanese Prime Minister Shinzo Abe said on Tuesday that it remains to be seen whether weakness in the yen will be severe enough to damage Japan's economy, which faces higher resource import costs after the dollar hit an eight-year high.

Japan PM Abe: Oil price falls benefit Japan's economy

TOKYO, March 10 (Reuters) - Japanese Prime Minister Shinzo Abe said on Tuesday that falling oil prices are positive for the country's economy as they boost corporate revenues and households' disposable income.

Russia's Gazprom says Ukraine's pre-paid gas will last until March 15 - TASS

MOSCOW, March 10 (Reuters) - Russia's top natural gas producer Gazprom said on Tuesday that Ukraine's pre-paid volumes of Russian gas would last until March 15, TASS news agency cited the company's spokesman as saying.

Britain's IGas strikes shale gas deal with Ineos

LONDON, March 10 (Reuters) - Britain's largest shale gas developer IGas has signed a 30 million pound ($45 million) shale gas deal with Switzerland's Ineos which gives the latter access to shale sites outside of Scotland and brings IGas another partner to fund its projects.

Scheduled 2015 capacity additions mostly wind and natural gas; retirements mostly coal

(Tue, 10 Mar 2015) In 2015, electric generating companies expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power grid. The additions are dominated by wind (9.8 GW), natural gas (6.3 GW), and solar (2.2 GW), which combine to make up 91% of total additions. Nearly 16 GW of generating capacity is expected to retire, 81% of which (12.9 GW) is coal-fired generation.

Short-Term Energy Outlook - Market Prices and Uncertainty Report

(Tue, 10 Mar 2015) Crude oil prices moved higher toward the end of January and into the first week of February. The North Sea Brent front month futures price settled at $56.57/bbl on February 5, an increase of $0.15/bbl from January 2. The front month West Texas Intermediate (WTI) contract price settled at $50.48/bbl on February 5, $2.21/bbl lower than at the start of January.

Short-Term Energy Outlook

(Tue, 10 Mar 2015) EIA forecasts that Brent crude oil prices will average $59/bbl in 2015, $2/bbl higher than projected in last month's STEO, and $75/bbl in 2016. West Texas Intermediate (WTI) prices in 2015 and 2016 are expected to average $7/bbl and $5/bbl, respectively, below Brent. The Brent-WTI spread for 2015 is more than twice the projection in last month's STEO, reflecting continuing large builds in U.S. crude oil inventories, including at the Cushing, Oklahoma storage hub.

Japan Feb LNG spot price falls a quarter to $7.60/mmBtu

TOKYO, March 10 (Reuters) - Liquefied natural gas (LNG) spot prices for buyers in Japan fell for the fourth straight month in February, dropping more than a quarter to the lowest price since the survey began last March, trade ministry data showed on Tuesday.

Energia Nigeria plans to develop new crude oil refinery

Energia Nigeria, along with its partners, is planning to develop a 30,000 barrels refinery as part of its efforts to reduce fuel import to the country.

Sitra refinery expansion in Bahrain to be completed by 2019

Bahrain is planning to complete and commission the Sitra crude oil refinery expansion project in the island of Sitraby 2019.

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