Latest news
Daily: UK gas plunges 7% after Norway strike end
Brent crude declined below $99 a barrel on Tuesday on Chinese low crude imports data in June and on the alleviation of worries about supply disruption following the end of labour strike in Norway’s oil industry.
read more... 10/07/2012
Coal use continues to increase in Europe
The demand for coal surged 3.3% last year in Europe, while the coal imports from U.S. producers such as Arch Coal Inc. (ACI) has cut prices by 26% in a year.
read more... 09/07/2012
Japan to import GNL from U.S
Japan, which is the world’s largest importer and consumer of natural gas, expects to import 15 million tons of LNG from US starting from 2016, time when U.S. lifts restrictions on exports to the world's biggest LNG buyer. Japan's LNG imports began rising at a record pace in 2011 in the wake of the Fukushima radiation crisis.
read more... 29/06/2012
South Korea stops Iranian oil imports from July 1
South Korea's economy ministry said on Tuesday that imports of Iranian crude oil will be halted from July 1 due to EU sanctions, making Korea the first of Iran's major Asian customers to halt oil purchases.
read more... 26/06/2012
Chinese imports of iranian oil continue to increase despite U.S. sanctions
Despite the U.S. sanctions China reached the highest level this year in importing oil from Iran. Foreign Ministry Spokesman Hong Lei said China’s imports from Iran are fair and reasonable and does not hurt the interests of the international community.
read more... 21/06/2012