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  • November 1, 2014
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  1. Business - Commodities - ENERGY

    Coal to outweigh oil in five years' time

    Posted Oct 16th 2013, 12:00am by Eric Ng

    ... in five years'; time Coal will surpass oil as the world's dominant fuel by 2018, and the mainland will be the dominant contributor to the development, an energy consultancy said. ... greenhouse gas emission from new plants by 13 per cent per unit of output. The ratio stood at 42 per cent in 2011, according to the US Energy Information Administration. Growing reliance of coal ...

  2. Business - Commodities - ENERGY

    Hedge funds pick wrong in oil bet

    Posted Oct 28th 2014, 05:42am by Bloomberg

    ... the lowest settlement since June 2012, and ended the week down 24 per cent from the year's high. The US benchmark might dip to US$75 by the end of the year, Bank of America Corp said. ... Bloomberg in New York Outlook for crude prices remains bearish and volatile after a short-lived recovery in the wake of surging supplies and sluggish demand in the US Hedge funds pick ...

  3. Business - Commodities - ENERGY

    Titan's white knight GZE orders six drilling rigs as part of expansion

    Posted Oct 27th 2014, 05:19am by Eric Ng

    ... China Sea. The six rigs are expected to be delivered between next year's second quarter and 2017. Despite the mainland's territorial disputes with its neighbours over the South China ...

  4. Business - Commodities - ENERGY

    China's top power equipment makers look to clean energy to fuel growth

    Posted Oct 13th 2014, 04:13am by Eric Ng

    ... years, weaker fixed-asset investment growth and last year's higher base because of an unusually hot summer, mainland power demand fell 1.5 per cent in August- the first decline in more than ... half of the year. But it said the hydro-power market would "usher in a high-tide period of development", while approval of new nuclear power projects was expected to resume ...

  5. Business - China Business - ENERGY

    Foreign wind power firms struggle to succeed in China

    Posted Oct 28th 2014, 05:42am by Eric Ng

    ... compliance, Liu added. New production capacity has seen turbine prices fall from over six million yuan (HK$7.6 million) per megawatt to under four million yuan in the past few years, resulting in low ... the partners' differences in culture and philosophy." Justin Wu, head of Asia research at renewable energy consultancy Bloomberg New Energy Finance said, however, that some foreign makers ...

  6. News - World - ENERGY

    EU narrowly approves plan for new nuclear plant in Britain

    Posted Oct 09th 2014, 10:17pm by AFP

    ... Agence France-Presse in Brussels EU approves plan for new nuclear plant in Britain The EU has approved Britain's ambitious plan to build its first nuclear plant for a generation, with French and Chinese help, marking a major victory for nuclear energy three years after the Fukushima disaster. The bloc's competition watchdog said Britain had "significantly ...

  7. Business - Commodities - ENERGY

    Oil demand to grow at slowest rate in 5 years

    Posted Oct 15th 2014, 05:19am by Bloomberg

    ... consumption will increase by about 650,000 barrels a day this year, the Paris-based agency said in its monthly market report yesterday. The reduction of 250,000 barrels a day from a previous estimate ... by muted demand, booming US shale output and the return of production from Libya. Global fuel use will rise by 0.7 per cent this year to 92.4 million barrels a day, the agency said. It cut 2015 ...

  8. Business - Commodities - ENERGY

    Saudis avoid 1980s mistakes to halt oil price fall as glut builds

    Posted Oct 14th 2014, 11:54am by Reuters

    ... Arabia, is determined not to make the same mistake again. The oil glut of the 1980s, the early days of the modern crude market and a distant memory for most traders, has resurfaced recently in conversations with Saudi officials and veteran analysts who see it as the defining moment behind the kingdom’s new strategy to protect medium-term market share. While the latest 25 per cent slide in oil ...

  9. Business - Commodities - ENERGY

    Saudis like low oil prices to slow US shale expansion

    Posted Oct 13th 2014, 12:56pm by Reuters

    ... Reuters in London and New York Officials from Opec's leading member signal a shift aimed at undercutting US shale producers Saudis quietly tell world to get used to lower oil prices ... consultancy, wrote in a note to clients last month. "Until about three days ago, the absolute and total consensus in the market was the Saudis would cut." That was no longer a foregone ...

  10. Business - Commodities - ENERGY

    China sets range for coal resource tax of 2-10 per cent

    Posted Oct 13th 2014, 04:13am by Reuters

    ... Reuters in Beijing China sets range for coal resource tax of 2-10pc The mainland will institute a resource tax on coal of between 2 per cent and 10 per cent in December, the first official numbers to be issued for the long-anticipated plan. The State Council said in September that the mainland would impose a new resource tax on coal and cancel existing charges in a move to simplify ...




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