West Texas Intermediate crude pared losses as fewer Americans than forecast filed applications for unemployment benefits and U.S. retail sales increased.
Futures were little changed after dropping as much as 0.9 percent. U.S. jobless claims declined to 334,000 last week, the Labor Department…http://alternativeenergy.com.pk/jobs-energy/crude-pares-losses-on-u-s-jobless-forecast-filed-applications-for-unemployment-benefits-and-u-s-retail-sales-increased/ Canada, Commodities, Energy Industry, energy markets, Middle East, U.S. Jobless, U.S. retail sales increased, unemployment us
West Texas Intermediate crude fell for the third time in four days as speculation that fuel demand will decline outweighed concern that Middle Eastern exports may be disrupted by political unrest.
Futures slid as much as 0.9 percent after the World Bank yesterday cut its forecast for global…http://alternativeenergy.com.pk/international-news/wti-falls-for-third-time-in-four-days-on-world-bank-cuts-that-middle-eastern-exports-may-be-disrupted-by-political-unrest/ Canada, Commodities, Energy Industry, energy markets, Germany, global economic growth, Middle East, West Texas Intermediate crude fell, World Bank Cuts
West Texas Intermediate crude fell a fifth day, the longest run of declines this year, as the United Arab Emirates said global demand will stay “relatively weak.” OPEC is forecast to keep its supply target unchanged on May 31.
Futures slid as much as 1 percent in New York after capping a…http://alternativeenergy.com.pk/national-news/wti-falls-a-fifth-day-before-opec-meets-as-united-arab-emirates-u-a-e-sees-weakness/ Africa, Asia, Australia & New Zealand, China, Commodities, Eastern Europe, Energy Industry, energy markets, Germany, India & Pakistan, Middle East, United Arab Emirates
Chinese Premier Li Keqiang told German business leaders his country is confronted by “huge challenges” as it seeks 7 percent annual growth this decade, down from more than 10 percent in the previous 10 years.
China needs growth of about 7 percent to double per capita gross domestic…http://alternativeenergy.com.pk/oil-gas-energy/li-tells-germany-china-targets-7-growth-for-decade-economy-confronted-by-huge-challenges/ China, Commodities, Economy, Energy Industry, Europe, German business leaders, Germany
Lukas Lundin, investment manager for his billionaire Swedish family, said the oil stock bearing their name should double in value this decade after making its biggest North Sea discovery.
Lundin Petroleum AB (LUPE), which has almost matched Apple Inc. (AAPL)’s 50-fold gain since it began…http://alternativeenergy.com.pk/energy-finance/billionaire-swedes-see-lundin-petroleum-ab-lupe-jump-after-matching-apple-energy/ Commodities, Energy Industry, energy markets, Europe, funds, Lundin Petroleum AB (LUPE), Matching Apple Energy, U.K. & Ireland
Coal’s worst slump in seven years has failed to deter GVK Group and Adani Enterprises Ltd. (ADE) from pressing ahead with a $21 billion bet on Australia’s Galilee Basin as other companies shelve projects amid rising costs.
GVK, controlled by India’s GV Krishna Reddy, plans to have…http://alternativeenergy.com.pk/energy-finance/australia-lures-21-billion-bet-on-coal-rebound-energy-markets-deter-gvk-group-and-adani-enterprises-ltd-ade/ Adani Enterprises Ltd. (ADE), Australia & New Zealand, Australia Lures, Commodities, Energy, Energy Industry, energy markets, Environment, France, Italy, Stocks, Sustainability
West Texas Intermediate headed for its biggest weekly drop in more than a month amid signs of rising U.S. oil inventories and a global economic slowdown.
Futures slid as much as 1 percent in New York. Prices may decline next week amid speculation that U.S. fuel supplies will be sufficient to…http://alternativeenergy.com.pk/energy-finance/wti-heads-for-biggest-weekly-decline-in-a-month-on-supply/ Australia & New Zealand, Canada, Commodities, Energy Industry, India & Pakistan, Latin America, Middle East
Energy price-reporting agencies including Platts said they ordered independent reviews of their methods after calls by regulators last year to safeguard against market manipulation.
Platts, the unit of McGraw Hill Financial Inc. (MHFI) that was raided last week as part of a European Union…http://alternativeenergy.com.pk/international-news/platts-argus-icis-plan-reviews-to-combat-manipulation-mcgraw-hill-financial-inc-mhfi/ Commodities, Energy Industry, energy markets, European Union oil pricing, McGraw Hill Financial Inc, MHF, U.K. & Ireland
West Texas Intermediate oil fell for a third day, extending the biggest decline in three weeks as U.S. gasoline stockpiles unexpectedly gained and crude supplies dropped less than forecast.
Futures slid as much as 0.5 percent in New York after losing 2 percent yesterday, the most since May 1….http://alternativeenergy.com.pk/oil-gas-energy/wti-crude-drops-a-third-day-after-biggest-slide-in-three-weeks-biggest-decline-in-three-weeks-as-u-s-gasoline/ Australia & New Zealand, Commodities, Energy Industry, energy markets, India & Pakistan, U.S. gasoline
The investigation into possible oil-price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators.
Glencore Xstrata, Gunvor and Vitol Group, which aren’t under investigation,…http://alternativeenergy.com.pk/international-news/oil-fixing-probe-accelerates-as-eu-asks-traders-for-help-university-of-houstons-global-energy-management-institute/ Australia & New Zealand, Commodities, Eastern Europe, Energy, Energy Industry, energy markets, Europe, France, Germany, Italy, Law, Sustainability