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IEA: Peak Oil Demand Is Still Years Away

IEA: Peak Oil Demand Is Still Years Away

The world hasn’t seen peak…

5 Points To Consider Before Buying Oil Stocks In 2020

5 Points To Consider Before Buying Oil Stocks In 2020

For contrarian investors, there may…

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Oil Hedging Leaves Traders Dangerously Exposed

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News

WikiLeaks Cable Suggests USA Supported Removing Gas Trader

WikiLeaks Cable Suggests USA Supported Removing Gas Trader

Aug 31, 2011 at 19:08 | Joao Peixe

On 8 January 2008 the U.S. ambassador to Ukraine William Taylor wrote in a dispatch published on the WikiLeaks website, "(Former Prime Minister Yulia) Tymoshenko has declared her intention to…

Iran's Oil, LPG Exports to China Soar 49 Percent in Last 6 Months

Iran's Oil, LPG Exports to China Soar 49 Percent in Last 6 Months

Aug 31, 2011 at 19:07 | Charles Kennedy

China’s Customs Organization has announced, "This country's level of oil imports from Iran during the first half of 2011 reached 134.7 million tons, a growth of 49 percent in comparison…

Kim Jong Il Woos Russia as Potential Investor in North Korea

Kim Jong Il Woos Russia as Potential Investor in North Korea

Aug 31, 2011 at 19:05 | Charles Kennedy

Kim’s visit to Russia was shrouded in secrecy – as one Russian specialist on North Korea explained, "Judging by all indications, the whole thing is due to North Korea's habit…

Nigeria’s Power Sector Harshly Criticized

Nigeria’s Power Sector Harshly Criticized

Aug 31, 2011 at 19:04 | Charles Kennedy

Last month the U.S. ambassador to Nigeria, Terence McCulley bluntly told Nigeria’s Minister of Power Barth Nnaji that the United States would only invest in the nation's power sector if…

South Korea's Petroleum Products Exports Rise in July

South Korea's Petroleum Products Exports Rise in July

Aug 31, 2011 at 19:03 | Joao Peixe

According to the South Korean government, last month South Korea's exports of petroleum products, such as gasoline and diesel, surged 95.7 percent from a year ago. The exports were…

Iran Rejects International Mediators Uranium Exchange Proposal

Iran Rejects International Mediators Uranium Exchange Proposal

Aug 30, 2011 at 19:50 | Joao Peixe

Iran has refused to take part in international discussions on a proposal to freeze its civilian nuclear power uranium enrichment program and in turn to receive enriched uranium from abroad.…

American Elements Says That U.S. Needs a Strategic Metals Reserve

American Elements Says That U.S. Needs a Strategic Metals Reserve

Aug 30, 2011 at 19:48 | Charles Kennedy

American Elements president and chairman of the board Michael Silver is advocating that the Obama administration establish a U.S. Strategic Metals Reserve. As Silver envisages the repository, it would…

Brazilian Government to Reduce Ethanol Content of Gasoline

Brazilian Government to Reduce Ethanol Content of Gasoline

Aug 30, 2011 at 19:01 | Charles Kennedy

Brazilian Mines and Energy Minister Edison Lobao stated that the government will reduce the admixture of alcohol with gasoline provided to service stations from 25 to 20 beginning 1 October.

Baltic Nations to Work Together on Infrastructure Projects?

Baltic Nations to Work Together on Infrastructure Projects?

Aug 30, 2011 at 19:00 | Joao Peixe

Lithuania's Prime Minister Andrius Kubilius believes that the three former Soviet Baltic republics should coordinate their infrastructure development projects, telling reporters, "It is very good that electricity companies of countries…

Thailand's Former Finance Minister Urges Governmental Energy Review

Thailand's Former Finance Minister Urges Governmental Energy Review

Aug 30, 2011 at 18:59 | Charles Kennedy

Thailand’s former Finance Minister Korn Chatikavanij is urging that the new Pheu Thai-led coalition government to review its energy policy before motorists stop using the ethanol-gasoline blend currently in use…

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