Louisiana Light • 4 days | 72.39 | +1.98 | +2.81% | |||
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | |||
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% | |||
Mars US • 2 days | 71.39 | +1.89 | +2.72% | |||
Gasoline • 10 mins | 2.532 | +0.031 | +1.24% |
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | |||
Girassol • 3 days | 77.03 | +1.40 | +1.85% | |||
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% |
Peace Sour • 1 hour | 65.99 | +1.64 | +2.55% | |||
Light Sour Blend • 1 hour | 67.29 | +1.64 | +2.50% | |||
Syncrude Sweet Premium • 1 hour | 76.24 | +1.64 | +2.20% | |||
Central Alberta • 1 hour | 65.59 | +1.64 | +2.56% |
Eagle Ford • 4 days | 66.58 | +2.01 | +3.11% | |||
Oklahoma Sweet • 4 days | 66.50 | +2.50 | +3.91% | |||
Kansas Common • 5 days | 58.25 | -1.50 | -2.51% | |||
Buena Vista • 13 days | 76.15 | -1.09 | -1.41% |
Crude oil prices moved higher…
The new bipartisan debt ceiling…
The implications of the Fukushima catastrophe are reverberating through China, as a number of provinces have suspended new nuclear power projects.
This in turn has added pressure to the governmentâs emission reduction target contained in the countryâs 12th Five-Year Program.
Fujian province has vowed to build âno more nuclear plants," Hong Kongâs Ching Chi Jih Pao economic daily reported. Fujian province governor Huang Xiaojing commented, "Fujian has three nuclear power plants, and that is enough. Projects that have not been completed must not be continued," adding that that it is necessary to make sure the nuclear power plants under construction are absolutely safe. Other projects that "have not been built and whose preliminary work has not been done must not go ahead."
Huang's announcement has elicited responses, with Dr Zhu Sihai of the Fujian Provincial Government Development and Research Center countering that the provinceâs current three nuclear power plants could hardly support the energy demand in Fujian in the future while Chen Boqing, a member of the Chinese Nuclear Society and the former deputy director of the Office of Nuclear Energy in Fujian Province, said there was no need whatsoever to build two or three more nuclear power plants in Fujian.
Hubei province has also temporarily suspended approval of nuclear projects while Guangdong province, which has vowed to establish itself as a "special region of nuclear energy," is assessing the impact of the Fukushima debacle.
By. Joao Peixe, Deputy Editor OilPrice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com