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
Gasoline rose as U.S. retail sales increased in May and storms in the Midwest caused units to shut at a refinery serving the Chicago area. Crack spreads widened.
Futures advanced as May retail sales rose 0.6 percent, the biggest jump in three months, Commerce Department data showed today….http://alternativeenergy.com.pk/international-news/gasoline-gains-on-retail-sales-rise-midwest-refinery-outage-caused-units-to-shut-at-a-refinery-serving-the-chicago-area/ Energy Industry, Gasoline Gains, Midwest Refinery Outage, Retail Sales Rise
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
Inpex Corp. (1605), Japan’s biggest energy explorer, will miss its target of producing 1 million barrels of oil equivalent a day by the end of the decade, according to Sanford C. Bernstein & Co.
Oil and gas output, which has been at about 400,000 barrels a day for the past seven years,…http://alternativeenergy.com.pk/international-news/inpex-to-miss-2020-oil-and-gas-production-target-bernstein-says-japans-biggest-energy-explorer/ Energy Industry, energy markets, Japan’s biggest energy explorer
Energy is a multi-trillion dollar sector and energy products form some of the most basic inputs into our modern industrial society. What’s more, the energy industry sits at the intersection of government policy and complex markets. It’s understandable then that everyone, from consumers to…http://alternativeenergy.com.pk/electric-vehicle/a-crisis-of-leadership-rebuilding-trust-in-the-energy-industry-video/ Biofuels, Coal, Communications and Messaging, Energy, Energy Collective Exclusive, Energy Industry, fuels, natural gas, Nuclear Power, Oil, Politics & Legislation, public trust, Renewables, Solar Power, Trust Factor, Wind
Petroleos de Venezuela SA, the country’s state-owned oil producer, signed a $2 billion financing agreement with San Ramon, California-based Chevron Corp. (CVX) to increase output at their Petroboscan oil joint venture.
The loan’s interest rate is the London Interbank Offered Rate plus 4.5…http://alternativeenergy.com.pk/oil-gas-energy/chevron-lends-venezuelan-oil-venture-2-billion-for-output-boost-california-based-chevron-corp-cvx-to-increase-output-at-their-petroboscan-oil-joint-venture/ Energy Industry, Latin America, oil joint venture
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