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  • October 23, 2014
  • Last updated: 11:40pm
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  1. 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 ... the expansion of rival producers, including those in the US shale patch. Some members of the Organisation of the Petroleum Exporting Countries, including Venezuela, are clamouring for urgent production ...

  2. Business - Commodities - ENERGY

    Russia's Gazprom says US$400b Chinese gas deal not final

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

    ... Reuters in Moscow Gazprom says US$400b Chinese gas deal not final Russia's top natural gas producer Gazprom said an intergovernmental agreement with Beijing to seal a US$400 billion ... with China several times, only for them to prove elusive. In 1997, for example, a US$7 billion deal was clinched to supply 25 billion cubic metres of gas a year to China but the project never ...

  3. Business - Commodities - ENERGY

    Chinese property investors move into US shale oil market

    Posted Oct 11th 2014, 04:15am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Chinese property investors follow US shale oil boom Chinese are finding a way to double up on exposure to the US shale oil boom, with property-focused investors buying up homes built for workers as energy companies move into the sector. "Shale drilling is the main driver of Chinese companies' investment into property [in the US resources ...

  4. Business - China Business - ENERGY

    Clean water access offers flood of business opportunities

    Posted Jul 28th 2014, 04:26am by Benjamin Robertson

    ... to be optimistic and look at what can make a difference." Water-related businesses, like waste water recycling, are part of a US$600 billion sector that is growing 7 per cent each year, according ... Benjamin Robertson benjamin.robertson@scmp.com Water security is on central government agenda as it opens floodgates to business opportunities by setting targets for usage and recycling ...

  5. Business - Commodities - ENERGY

    Oil demand to grow at slowest rate in 5 years

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

    ... Brent futures have plunged 20 per cent this year, sinking below US$90 a barrel last week amid speculation that oil cartel Opec will refrain from supply curbs needed to tackle a glut caused 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 ...

  6. Business - Commodities - ENERGY

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

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

    ... prices to below US$90 a barrel is so far modest, compared with the 1980s slump that took crude from US$35 to below US$10, many observers see similarities in a global market that is on the brink ... of lower prices – perhaps as low as US$80 a barrel – in order to retain market share. Saudi Arabia was not trying to push oil prices down, an oil source said, but was prepared to let the market ...

  7. Business - Companies - ENERGY

    Hot summer sees Hong Kong lead way in CLP electricity sales

    Posted Oct 20th 2014, 02:08pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com CLP’s electricity sales in the first nine months of the year to Hong Kong and mainland China increased 2.7 per cent year on year to 26,613 gigawatt-hours (GWh), the power supplier said on Monday. It also said it had begun impo ...

  8. Business - Companies - ENERGY

    Hong Kong solar investor reveals global ambition

    Posted Oct 01st 2014, 04:18am by Bloomberg

    ... Bloomberg in New York With energy assets worth almost US$20 billion, Cheng Kin-ming is pursuing other clean power technologies tocreate a world company Property boss reveals global solar ambition The Hong Kong property tycoon who gathered almost US$20 billion in mainland solar manufacturing assets is expanding his reach in other green energy technologies and may seek Wall Street ...

  9. Business - China Business - ENERGY

    Huaneng Power jumps on 9.27b yuan deal with parent firms

    Posted Oct 14th 2014, 02:43pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland power company will purchase 9.27 billion yuan worth of plants from parent firms, giving its generating capacity a major boost Huaneng shares jump on power plant deal Shares of Huaneng Power International jumped as much ...

  10. 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

    ... by the brokerage to see its gross profit margin in that business fall to 18 per cent in the three years to 2016, from 22 per cent in 2012 and 20 per cent last year. Dongfang, Shanghai Electric Group ...




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