July 6, 2017

For 8 core sectors: total growth slowed to 3.6% in May, but refinery products and electricity grew 5%-6% From Economic Times The growth of eight core sectors slowed to 3.6 per cent in May due to fall in output of coal, fertiliser and steel. New Delhi: The growth of eight core sectors slowed to 3.6 per cent in May due

From Reuters The Federal Court of Canada has ordered the seizure of a 721,915-barrel cargo of crude from Kurdistan aboard the “Neverland” oil tanker on the request of the Iraq Oil Ministry, court documents show. The Iraq Oil Ministry has also filed a claim against commodity trading house Vitol S.A. and subsidiaries including Mansel Ltd, the charterer of the ship,

From CNBC Mark Fisher forecast natural gas prices will break $4 or $5 per mmbtu once a streak of warm winters breaks. Fisher told CNBC that general investors could buy into natural gas drillers rather than trying to time commodity price moves. Fisher is less bullish on oil drillers and thinks crude will remain stuck in a range between $40

From the Independent Norway is set to become the first country in the entire world to ban the use of gas to heat buildings. ‘Those using fossil oil for heating must find other options by 2020,’ says the country’s Environment Minister. The Scandinavian country, which is the world’s largest producer of oil and natural gas outside the Middle East, will wholly stop the

Gas hydrates: plenty of gas, but not economic to extract—yet From South China Morning Post China is drilling deep into the ocean floor in the hope of tapping vast deposits of a frozen fossil fuel known as “combustible ice”, but it will be years before it is part of the global energy mix. Gas hydrates are found in the seabed

From Marine Link India’s biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation. At a joint news conference with Indian Prime Minister Narendra Modi at the White House this week, Trump said the United