Oil Prices Fall. Brent lost nearly 2 percent Tuesday amid a stronger dollar and news that Iran is on target to reach peak production. [Reuters]
U.S. Universities Cut Coal Consumption In Favor Of Natural Gas. Higher education institutions are using a higher amount of natural gas as coal use continues to decline.[EIA]
Chinese Oil Reserves Remain A Mystery. Analaysts aren’t quite sure of the true extent of strategic oil reserves in China, leaving questions over the country’s excess crude. [Bloomberg]
Russian Oil Privatization Saga Points To Limits of Putin’s Power. “Russia’s decision to postpone the privatization of a mid-sized oil company has sent a message to investors: for all his power, President Vladimir Putin has failed to stop political infighting getting in the way of business.”
Egypt, Cyprus Sign Gas Transfer Deal. Groups say a new deal will allow a direct subsea pipeline from Cyprus to Egypd for domestic consumption or re-export of natural gas.
Saudia Arabia Won’t Flood Oil Market Ahead Of Meeting. Saudi’s energy minister said his country isn’t concerned about global demand despite a slower economy and the country says it won’t flood an already saturated market. [Bloomberg]
Canada’s Economy Slowly Recovers From Fires. The loss of momentum in the Canadian enconomy after the Alberta wildfires appears to be diminished, with a recovery helped by oil and gas production. [Bloomberg]
Indian Oil Corp. To Continue Importing LNG Cargoes. Following an expansion of the Dahej import terminal on the west coast, India will continue importing at least two LNG cargoes a month. [Reuters]
Pakistan Battles Energy Shortage With Floating LNG Terminals. Pakistan plans on saving big over traditional on-land terminals with LNG terminals that will help thecountry meet its energy needs. [The Wall Street Journal]
U.S. Oil Companies Pushing For Tax Law Changes. Major oil companies might be strengthening their case against U.S. corporate taxes on foreign earnings. [The Wall Street Journal]
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