Energy

Private car drivers drive less after fuel price hikes

Rong Xiandong and Zhao Chunzhe China Daily 11.07.2008
Private car drivers drive less after fuel price hikes

More than half of private car owners in China are thinking of driving their cars less as a result of fuel price hikes.

French firm 'quits Iran gas deal'

The boss of French energy giant Total says he will not invest in Iran because it is too risky.


Mercedes to cut petroleum out of lineup by 2015

Jaymi Heimbuch Yahoo! Green 07.07.2008
Mercedes to cut petroleum out of lineup by 2015

In less than 7 years, Mercedes-Benz plans to ditch petroleum-powered vehicles from its lineup. Focusing on electric, fuel cell, and biofuels, the company is revving up research in alternative fuel sources and efficiency.

Biofuels 'causing food price rises'

Biofuels have triggered a 75 per cent increase in world food prices, according to a leaked confidential report from the World Bank. The report's author, a senior economist at the bank, said that contrary to claims by the United States government, ...


Face to face: Chief Executive Donald Tsang meets a taxi driver in Mei Foo Sun Chuen.

Chief Executive Donald Tsang says the Government will explore ways to enhance transparency in fuel prices, adding he attaches great importance to the impact of rising fuel costs on the transport trade and the public.

U.S. Advised Iraqi Ministry on Oil Deals

Andrew E. Kramer Yahoo! Finanace 30.06.2008
U.S. Advised Iraqi Ministry on Oil Deals

A group of American advisers led by a small State Department team played an integral part in drawing up contracts between the Iraqi government and five major Western oil companies to develop some of the largest fields in Iraq, American officials say.


Ahead of Pranab's meeting with Foreign Minister in Canberra later today (June 23, 2008), Australia is to retain its ban on selling uranium to India

Australia will keep in place its ban on selling uranium to India because of New Delhi's refusal to sign the Nuclear Non-proliferation Treaty, Foreign Minister Stephen Smith said on Monday (June 22).

Diesel tax exemption proposed

news.gov.hk 24.06.2008
Diesel tax exemption proposed

The Housing & Transport Bureau has proposed to exempt the duty on diesel by amending Schedule 1 to the Dutiable Commodities Ordinance, to alleviate the impact of rising fuel costs on the transport and logistics industry.


(AP Photo / Carl de Souza, PA)

JIDDAH, Saudi Arabia - Saudi Arabia is willing to produce more oil if customers need it, the kingdom's oil minister said Sunday without citing any specific output increase.

Little hope oil summit will cut prices soon: Shell CEO

Alex Lawler, Anshuman Daga Reuters 22.06.2008
Little hope oil summit will cut prices soon: Shell CEO

JEDDAH, Saudi Arabia (Reuters) - Crisis talks over record high oil prices are unlikely to quickly turn the tables on roaring markets, the chief of Royal Dutch Shell said on Sunday.


China sharply raises energy prices

Keith Bradsher IHT 20.06.2008
Vehicles waiting to fill their tanks at a gas station before a midnight deadline for price rises in Wuhan, China. (Reuters)

HONG KONG: Faced with increasingly severe fuel shortages and the prospect of power failures during the summer air-conditioning season, the Chinese government unexpectedly announced sharp increases late Thursday night in regulated prices for gasoli...

China fuel hike to boost stock index, yields

Karen Yeung and Lu Jianxin Reuters 20.06.2008
China fuel hike to boost stock index, yields

SHANGHAI (Reuters) - China's hike in domestic fuel and electricity prices is set to boost stock indexes as shares in oil refiners and power generators rise, while it will put upward pressure on long-term bond yields, analysts said on Friday.


Historic oil pact struck

The Standard 19.06.2008
Historic oil pact struck

China and Japan yesterday struck a landmark deal to jointly develop a gas field in the East China Sea, resolving a spat that has been a thorn in ties between the two major energy importers.

Energy prices fuel US-China strains

Robert Burns IBTimes 18.06.2008
(AP Photo/Susan Walsh)

WASHINGTON - Not quite an ally, not quite an adversary, China with its exploding appetite for energy is helping drive up world oil prices and putting still more strain on its relationship with the United States.


Go-slow tactic on fuel tax seen

Nishika Patel The Standard 18.06.2008
Go-slow tactic on fuel tax seen

People in the transport sector are angry at the government for what they see as delaying tactics in the form of a pledge to review duty on fuel.

REUTERS/Richard Carson

HOUSTON (Reuters) - Republican presidential candidate John McCain called on Tuesday for energy conservation and an end to a ban on U.S. oil and natural gas exploration to help curb the nation's "dangerous" dependence on foreign oil.


Hong Kong may launch oil futures market

Wealth-Bulletin 17.06.2008
Hong Kong may launch oil futures market

Hong Kong has become the latest state to address growing concerns over the transparency of energy markets after the city's finance secretary said it would look at establishing an oil futures exchange to help local users hedge against record prices.

Top Car Dealer Says High Gas Prices Are Good for the U.S. Auto Industry

JOSEPH B. WHITE The Wall Street Journal 09.06.2008
Mike Jackson, chairman and CEO of AutoNation, poses at Mercedes-Benz of Fort Lauderdale, Fla.  Associated Press

AutoNation CEO Says Increase Will Drive Demand For Hybrids, Electric Cars and Other Alternatives


New contracts could give Iraq quick oil fix

Simon Webb, Ahmed Rasheed The Guardian 05.06.2008
New contracts could give Iraq quick oil fix

DUBAI/BAGHDAD, June 4 (Reuters) - Iraq is exporting more oil than it has for years and is on the verge of signing deals with oil majors that could quickly take output higher, oil officials say.

The hidden costs of fuel subsidies

HONG KONG: Buckling under the weight of record oil prices, several Asian countries have cut or are thinking of cutting their fuel subsidies, which raises a pressing question for Beijing: Can China afford its own oil subsidies at a time when it is ...



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