* CNOOC seeks to charter ships to replace COSCO-linked tankers * Japan’s Tohoku buys November-delivery cargo – sources * China’s LNG imports could slow due to terminal repairs By Jessica Jaganathan SINGAPORE,…
Qatar set to host sixth Gas Summit of GECF in 2021
Qatar will host the sixth Gas Summit of the Gas Exporting Countries Forum (GECF) in 2021, offering an opportunity for dialogue at the highest levels on the latest developments and trends related…
Africa May Have 90% of the World’s Poor in Next 10 Years, World Bank Says
Africa could be home to 90% of the world’s poor by 2030 as governments across the continent have little fiscal space to invest in poverty-reduction programs and economic growth remains sluggish, the…
Budget realities pressure South Africa to stop policy dithering
South Africa’s government has spent months mostly talking about how to save the debt-stricken state power utility Eskom Holdings SOC Ltd, spur economic growth and get its shaky finances back on track….
Eskom risk premium eases as Treasury off ers bailout conditions
Bloomberg/ Johannesburg Credit default swaps for Eskom Holdings SOC Ltd, South Africa’s state-owned power company, are trading near the cheapest level in almost three years relative to the sovereign risk after the…
GLOBAL LNG-Asian prices hit three-week high; tanker rates rise
* CNOOC seeks to charter ships to replace COSCO-linked tankers * Japan’s Tohoku buys November-delivery cargo – sources * China’s LNG imports could slow due to terminal repairs By Jessica Jaganathan SINGAPORE,…
Oil tanker rates spike is now bleeding into fuels trading
Record-high shipping costs are spilling over into the prices for refined fuels in Europe, Asia and the US. As freight rates rocket amid US sanctions and geopolitical risks, the prices of oil…
Opec faces serious 2020 challenge defending oil prices, says IEA
Opec faces a “serious challenge” if it wants to defend oil prices next year, as fuel-demand growth could slow further and rival supplies continue to grow, according to the International Energy Agency….
Spikes in LNG shipping costs highlight need for hedging tools
A rally in the cost of chartering liquefied natural gas vessels on the spot market has highlighted the lack of tools available to traders to hedge against volatility. The market for the…
Europe needs a serious nuclear-energy debate
Last month, the Akademik Lomonosov, Russia’s first floating nuclear power plant, arrived in the remote town of Pevek in the country’s Siberian Arctic region. Russian state-run nuclear energy company Rosatom sees this…