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Asia: Australia's Molopo to list Canadian tight oil assets in Q1 2011

Australia-listed Molopo Energy announced plans Monday to list its Canadian tight oil assets on a stock exchange in North America by launching an initial public offering in the first quarter of 2011. The company plans to lists its wholly owned subsidiary Molopo Energy Canada, ...

China:China's high growth photovoltaics aims higher

Portraying the growth potential that China offered in photovoltaic industry, a CCID report in this regard noted that in 2009, China's solar cell output reached 3,850MW with an annual growth rate of 93%, which was above the world average. China's solar cell enterprises are mostly ...

Americas:Oil stays below $84 as US crude reserves climb

World oil prices remained below $84 a barrel mark in Asian trade Thursday after signs on US economic recovery were offset by surprise gain in US crude reserves. Light sweet crude for January delivery was down 2 cents to $83.84 a barrel at 12.00 noon Singapore time while Brent ...

Asia: Vietnam's PV Gas share sale drawing tepid investor interest

The response of local Vietnamese and international investors to this week's stock offering by state-owned PetroVietnam subsidiary PV Gas is turning out to be less than enthusiastic, a senior consultant at a local securities company told Platts Tuesday. Only about two-thirds of ...

China:Is China importing American inflation virus?

There is a fungus among us. But is itthe banks? Or is it a caterpillar fungus that boosts sex drive and issoaring in price as China imports Ben Bernanke s inflation virus? asks Dan Denning in his Daily Reckoning Australia. You didn t have to know there wasmore trouble coming from ...

China:Gold and Crude to be up and running again

The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those trying to pick a top in this choppy bull market may prove to be correct for a couple hours but over time the shorts continue to get clobbered. Quantitative easing was ...

Americas: US crude, gasoline, distillate stocks tumble: API

p>US petroleum stocks tumbled last week, with large draws seen in crude, gasoline and distillate inventories, data released by the American Petroleum Institute showed Tuesday. US crude stocks fell 4.137 million barrels to 367.592 million barrels, with the largest decline seen in ...

Asia: Japan's Marubeni to buy stake in 8 LNG carriers from BW Gas

p>Japan's Marubeni has agreed to acquire a 49% interest in eight LNG carriers from Bermuda-incorporated BW Gas for a cost of "about" $700 million, the Japanese trading company said Thursday. The eight ships are currently under long-term charter to Nigeria LNG and have been ...

Americas:Oil steadies in Europe, awaits another key US data

Oil remains steady in European trade Wednesday ahead of a crucial energy report by the US Energy Department. Light sweet crude for November delivery was seen trading at $82.58 a barrel at 12.00 noon London time while Brent crude was at $84.52 a barrel on the ICE Futures exchange. ...

Gold breaks $1300, oil climbs back in New York

Oil and gold prices closed higher again for the week Friday, mainly after equity markets surged while a weak dollar boosted safe haven appeal of these hot commodities. Lifght sweet crude for November delivery closed at $76.49 a barrel in Nymex while Brent Sea crude for November ...

Oil ends up in New York, IEA raises estimate

World oil prices closed higher for the week in New York mainly after reports of shutdown of a major US oil pipeline that deliverd oil to country's midwest region, causing supply concerns. light sweet crude for October delivery climbed $2.20 to settle at $76.45 a barrel on the ...

Oil keeps up as China commodity market crumbles

World oil prices remained marginally up in Asian trade Thursday as US crude inventories dropped amid reports of declines in Chinese commodity futures due to extensive sell off. Light sweet crude for October delivery was seen trading at $74.71 a barrel at 12.00 noon Singapore time ...

Peasgood preaches patience on Geothermals

Wellington West Analyst Sean Peasgood covers the geothermal, plasma gasification and "Smart Grid" subsectors of the alternative energy (AE) market. He believes there's room to make some dough in each of them but believes investors may need to be patient as these growing markets ...

Look for sustainable models in Cleantech

"Ubika" is an ancient Sanskrit word meaning growth. Ubika Research Cofounder and Managing Director Vikas Ranjan knows investors covet growth, so Ubika covers companies in sectors with tremendous growth potential. In this exclusive interview with The Energy Report, Vikas offers ...

Oil dips below $73 as dollar gains

Global oil prices dropped below $73 a barrel in Asian trade Tuesday mainly after the dollar gained strength amid weak economic trends. Light sweet crude for October delivery was seen trading at $72.75 a barrel at 11.30 a.m Singapore time while Brent crude for October was at $73...

Saudi Sabic Q2 Net Profits Up 177 Percent Over 2009

RIYADH (AFP) - Saudi petrochemicals giant Sabic on Sunday reported second quarter net profits of 5.02 billion riyals (1.34 billion dollars), 177 percent over the same period in 2009, but down 7.6 percent from the first quarter of 2010. Saudi Basic Industries Corp, the Gulf's ...

China:PetroChina boosts gasoil wholesale prices amid tightening supply after pipeline explosion

PetroChina pushed up wholesale prices of gasoil in southern China, as its supply tended to be tight in the wake of pipeline explosion in Northeast China's Dalian, C1's survey found. The oil giant raised gasoil wholesale prices by Yuan 50/mt in Jiangsu, Zhejiang and Shanghai in ...

Oil tops $77 as equities markets jump

NEW YORK ,July 13-The principal U.S. stock indexes rose more than 1.5 percent after strong results from aluminum maker Alcoa Inc (AA.N) gave a promising start to the earnings season. .N "There's no doubt the stock market led the oil market higher," said Phil Flynn, senior analyst ...

Oil falls below $72 on global economy doubts

July 05-U.S. crude for August fell 39 cents to $71.75 a barrel by 3.10 p.m. EST, recovering from a low of $71.34 a barrel, its weakest since June 8. With U.S. activity muted by the Independence Day holiday, total trading in all contracts came to only 29,000 lots, under 5 percent ...

Oil tops $74 on expected U.S. inventory drop

NEW YORK ,Jul 07-U.S. crude closed up $2.09, or 2.9 percent, to $74.07 per barrel, posting its biggest percentage gain since June 25. It closed at $71.98 Monday, the lowest since early June. ICE Brent crude futures were up $2.06 at $73.51. Weekly U.S. oil data from industry group ...
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