March 30, 2004
Oil
price will bow to human nature
Times Online: If there is hope for an easing in the rising
oil market, it lies in the damage higher energy costs wreak.
A $10-per-barrel rise in the price of oil is estimated by analysts
to trim economic growth by one quarter of a percentage point,
thereby reducing demand for crude...
March 29, 2004
Gas
shortage strains South America
Pravda: Lack of investment in Argentina threatens a shortage
in Uruguay and Chile, while multinational lenders are supporting
a controversial project in southern Peru...
March 26, 2004
Bush
rejects tapping US oil reserves
Reuters: The White House on Wednesday fended off calls
to tap emergency oil reserves to stem record-high gasoline prices
as surging energy costs prompted Democrats to open a new avenue
of attacks on President George W. Bush...
March 17, 2004
Study:
Arctic refuge's oil a drop in bucket
AP: Opening an Alaska wildlife refuge to oil development
would only slightly reduce America's dependence on imports and
would lower oil prices by less than 50 cents a barrel, according
to an Energy Department analysis...
March 17, 2004
Iraqi
Oil Output Shows Industry Close to Full Recovery
Dow Jones: Iraqi oilmen and U.S. occupation officials
peg Iraqi oil production in recent days at 2.5 million to 2.7
million barrels a day, roughly the same amount Iraq was capable
of pumping before the U.S.-led invasion in March 2003...
March 17, 2004
Oil
Prices Push Past $38 a Barrel
AP: Oil prices pushed past $38 a barrel on Wednesday,
closing above that level for the first time in 14 years, and
analysts predicted that already-high gasoline prices would keep
moving higher...
March 16, 2004
March 15, 2004
March 15, 2004
Crude
Calculations
Barron's: Oil prices have climbed to levels not seen
since the Iraq war - the first or the second. But the market
doesn't believe they can last...
March 14, 2004
Oil
prices drop as US announces stockpile plans
Reuters: Oil prices ended lower on Friday after a US
Senate move to bar shipments to emergency crude stockpiles prompted
a retreat from recent year-highs, sending prices as much as
4 percent lower at one point...
March 7, 2004
March 1, 2004
Oil
at Post-Iraq War High
Reuters: Oil prices hit post-Iraq war highs Monday, inflamed
by low U.S. inventories and worries about political instability in producer
nation Venezuela...
March 1, 2004
Norway
hoping to persuade OPEC to reverse oil quota cut
Bloomberg: Norway, the world's third-biggest oil exporter, wants
OPEC to reverse its decision to cut quota production targets next month
in a bid to keep prices below US$30 a barrel and help sustain a global
economic recovery...
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March 29, 2004
Contract
ensures more oil delivery to China
Xinhuanet: OAO Yukos Oil Co - Russia's second-largest
oil company - signed an agreement on Saturday with Russian Railways
to more than double the railway delivery of oil export to China
this year and increase the amount by five times by 2006...
March 29, 2004
March 28, 2004
March 28, 2004
March 18, 2004
LNG
on a slow boat to China
The Courier Mail: Australia's ground-breaking $25 billion
LNG contract with China remains unsigned more than 19 months
after being announced with great fanfare by Prime Minister John
Howard...
March 16, 2004
Nippon
Steel says Sakhalin I oil pipeline construction delayed
Platts: Construction of a 220-km, 24-inch-diameter oil
pipeline for the Exxon
Neftegaz-led Sakhalin I oil project in Russia's far east, which
was scheduled
to start in February, has been delayed, a source at contractor
Nippon Steel
said Tuesday ...
March 16, 2004
PetroChina
to supply China's Tianjin 1.2-bil cu m/year of gas
Platts: PetroChina has entered into a take-or-pay gas
sales and purchase agreement with Tianjin Gas to supply Tianjin
in the north 1.2-bil cu m a year (116,055 cu ft/day) gas through
a proposed second pipeline linking the resources-rich northwestern
Shaanxi province to the capital city of Beijing...
March 14, 2004
China
National Offshore in 2 billion gas project
Bloomberg: China National Offshore Oil, China's third-largest
oil company, and Zhejiang Province on Thursday agreed to
spend $2 billion on the nation's third liquefied natural
gas venture to meet rising demand along the coast south
of Shanghai...
March 15, 2004
March 15, 2004
China's
appetite boosting prices
Bloomberg: Base metals have surged to eight-year highs
while demand for scrap metal and oil is soaring to meet the
demands of the fast growing Chinese economy...
March 15, 2004
Indian
share sale oversubscribed six times
Bloomberg: Oil & Natural Gas Corp, India's biggest
oil producer, received orders for more than six times the amount
of stock offered in a government share sale that may raise as
much as US$2.4 billion...
March 11, 2004
Russia
may delay gas pipeline to China and South Korea
Bloomberg: Russia may delay building a $ 17 bn gas pipeline
to China and South Korea by four years on concern there won't
be enough demand in Northeast China, which gets most of its
energy from coal, a Russian government adviser said...
March 9, 2004
March 8, 2004
Saudis sign deals for gas exploration
AFP: Saudi Arabia signed upstream gas exploration and
production agreements with Russia's Lukoil and Sinopec of
China yesterday as Spanish and Italian firms lined up to ink
deals later in the day that the kingdom hopes will attract
billions of dollars in investments...
March 1, 2004
BP Sells Singapore Refining Assets Reuters:
British Petroleum Plc is selling its refining assets in Singapore
to a local partner for $140 million as the oil major continues
to sell down non-strategic assets to focus on China and Indonesia
in Asia...
March 2004
The Sino-Saudi Connection
Commentary: China, Napoleon once remarked, is a sleeping
giant, and "when it awakens the world will tremble."
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March 28, 2004
Carmakers
Pull Plug on Electric Vehicles
NY Times: Five to 10 years ago, when the future seemed to
belong to electric cars - and California clean-air rules forced
reluctant automakers to offer them - a small but enthusiastic group
of optimists and environmentalists signed on as pioneers...
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