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Today's Energy News Summaries
A summary of recent energy industry news from a variety of sources.
Brazil's Petrobras to target light oil, gas output in new plan
Rio de Janeiro (Platts) -- 19Nov2008 -- Brazilian oil and gas company Petrobras said its new business plan, which
it will announce at year-end, will prioritize tapping the country's light oil
and natural gas--a shift from the traditional strategy...
Read more [Platts Oil Industry News]
Obama names Clinton-era official to head energy, environment team
Washington (Platts) -- 19Nov2008 -- US President-elect Barack Obama named a host of key advisers Wednesday,
including the person who will be charged with developing his major energy and
environmental policies.
Carol Browner, who ran...
Read more [Platts Oil Industry News]
Bodman says expects 'a lot of volatility over time' in oil prices
Washington (Platts) -- 19Nov2008 -- US Secretary of Energy Samuel Bodman said Wednesday that he expects
continued price volatility in global oil markets for years to come.
"I think the likelihood is that we're going to see a lot of...
Read more [Platts Oil Industry News]
Crude Oil Drops to January 2007 Levels
Light, sweet crude for December delivery fell 77 cents to settle at $53.62 a barrel on the New York Mercantile Exchange.
Read more [The Street - Energy News]
First Solar's Star Dimmer Than Ever
The company's shares, worth $300 six months ago, have been dragged down to the low $100s, with help from an analyst's note.
Read more [The Street - Energy News]
Stuff
For someone who is hostile to consumption, I have, well, a lot of stuff.
Read more [Energy Bulletin]
Australian Central Petroleum's latest coal finds could go to GTL
Aukland (Platts) -- 19Nov2008 -- Australian exploration and production junior Central Petroleum said
Wednesday it found coal intersections in each of its two discovery wells in
Northern Territory exploration permit 93 that could be commercialized...
Read more [Platts - Coal News]
Kass: S&P Yield Eclipses 10-Year Yield
What does it mean?
Read more [The Street - Energy News]
Green shunted to margin as economic crisis worsens
You never know exactly what will happen as a result of a severe economic crisis. Few people discuss it since it is quite taboo to speculate on any scenario that doesn't include growth and consumption... But I'll take a crack at a few broad predictions that are predicated on the economic crisis getting worse over the next 9-12 months, which I think it will...
Read more [Energy Bulletin]
NWE MTBE-gasoline factor eases on improved supply in region
London (Platts) -- 19Nov2008 -- The Northwest European MTBE-gasoline factor has eased on improved product
supply in the Amsterdam-Rotterdam-Antwerp area, market sources said Wednesday.
"A vessel of MTBE is arriving into NWE either...
Read more [Platts Oil Industry News]
US EIA slashes OPEC 2009 oil export earnings forecast by $489 bil
London (Platts) -- 19Nov2008 -- The US Energy Information Administration has slashed its forecast of
OPEC's 2009 oil export revenues by $489 billion to $595 billion from the
$1.084 trillion previously projected.
The EIA sees OPEC...
Read more [Platts Oil Industry News]
NYMEX crude lower on weaker equity futures
New York (Platts) -- 19Nov2008 -- NYMEX's front-month crude future contract on the CME's Globex system was
40 cents lower at $53.99/barrel Wednesday, taking its cue from weaker equity
futures, but waiting on the weekly US oil data.
...
Read more [Platts Oil Industry News]
Lukoil hopes OPEC cuts output Nov 29, calls for Russia to join
Moscow (Platts) -- 19Nov2008 -- Lukoil deputy CEO Leonid Fedun said Wednesday he hopes OPEC will decide
to cut crude output at its emergency meeting in Cairo on November 29,
reiterating his call for Russian authorities to join any such...
Read more [Platts Oil Industry News]
Crude futures steady ahead of US oil, economic data release
London (Platts) -- 19Nov2008 -- Global crude futures were down slightly during European trading Wednesday
as market participants look to several reports due out later today about US
oil inventory data, housing and inflation for an indication...
Read more [Platts Oil Industry News]
Malaysian biodiesel to retail at same price as regular diesel
Singapore (Platts) -- 19Nov2008 -- The retail price of palm oil-blended diesel in Malaysia will be the same
as regular diesel when it sold at pumps across the country next year, an
official with the Ministry of Plantation Industries and...
Read more [Platts Oil Industry News]
Malaysian biodiesel to retail at same price as regular diesel
Singapore (Platts) -- 19Nov2008 -- The retail price of palm oil-blended diesel in Malaysia will be the same
as regular diesel when it sold at pumps across the country next year, an
official with the Ministry of Plantation Industries and...
Read more [Platts Petrochemical news]
NWE MTBE-gasoline factor eases on improved supply in region
London (Platts) -- 19Nov2008 -- The Northwest European MTBE-gasoline factor has eased on improved product
supply in the Amsterdam-Rotterdam-Antwerp area, market sources said Wednesday.
"A vessel of MTBE is arriving into NWE either...
Read more [Platts Petrochemical news]
Cramer: An Oil Stock for Every Investor
Jim Cramer picks an oil name for each basic investing strategy.
Read more [The Street - Energy News]
Cramer: Which Oil Stock Is Right for You
Jim Cramer picks an oil name for each basic investing strategy.
Read more [The Street - Energy News]
LDK Solar Sales Soar as Demand Rises
The Chinese maker of solar wafers said it expects fiscal-year revenue of $2.9 billion to $3.1 billion.
Read more [The Street - Energy News]
