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Sep 22, 2011

Chevron set for final approval of Australia’s Wheatstone LNG

PERTH, Sep 22 (Reuters) – Chevron Corp is expected
to make a final investment decision on its $25 billion
Wheatstone liquefied natural gas project in Western Australia on
Monday, a source close to the decision said on Thursday.

Australia’s government cleared the path for the company’s
approval when it gave environmental clearance to the 8.9 million
tonne per annum Wheatstone project on Thursday. Local media had
also reported that a formal announcement was expected by Monday.

Sep 14, 2011

Asia Coal-Australia thermal coal prices inch up, market still thin

PERTH, Sept 14 (Reuters) – Australia’s thermal coal price
index dipped during the past week in a thinly traded Pacific
coal market, with many buyers still waiting for Japanese
utilities to settle their October supply agreement with top
exporter Xstrata .

Thermal coal on the globalCOAL Newcastle index for the week
to date closed at $123.76 per tonne on Tuesday, down from
$124.41 per tonne a week earlier.

Sep 9, 2011

U.S. crude lower after Obama jobs speech

PERTH, Sept 9 (Reuters) – U.S. crude futures slipped in
early trade in Asia on Friday, after U.S. President Barack Obama
laid out a $447 billion jobs package of tax cuts and government
spending on Thursday that fell within market expectations.

FUNDAMENTALS

* On the New York Mercantile Exchange, crude for October
delivery CLc1 fell 6 cents to $88.99 a barrel by 0053 GMT.

Sep 8, 2011

U.S. crude extends gains on storm fears, data

PERTH, Sept 8 (Reuters) – U.S. crude futures extended gains
after rebounding to close at a five-week high in New York,
fuelled by fears of supply disruptions due to stormy weather in
the Gulf of Mexico and forecasts that U.S. inventory data would
show a drawdown in crude stocks last week.

FUNDAMENTALS

* On the New York Mercantile Exchange, crude for October
delivery CLc1 rose 37 cents to $89.71 a barrel by 0040 GMT.

Sep 6, 2011

Asia Coal-Australia thermal coal prices increase on China demand

PERTH, Sept 6 (Reuters) – Australia’s thermal coal price
index rose to over $124 per tonne in the week ended Monday as
buying interest, especially from China, began to pick up and
Australian coal supplies showed signs of tightening.

Thermal coal on the globalCOAL Newcastle index for the week
to date was $124.13 per tonne on Monday, up from $121.50 per
tonne a week earlier.

Sep 6, 2011

U.S. crude falls on recession concerns

PERTH, Sept 6 (Reuters) – U.S. crude futures declined in
early Asian trade on Tuesday as recession worries continue to
weigh down the market, after the Chinese services sector posted
its worst ever growth reading and concerns about European debt
lingered.

FUNDAMENTALS

* On the New York Mercantile Exchange, crude for October
delivery CLc1 fell 2.75 cents to $83.70 a barrel by 0008 GMT.

Sep 2, 2011

Reactor restarts first energy hurdle for Japan’s Noda

TOKYO/PERTH (Reuters) – Japan’s new prime minister has made clear he sees nuclear power playing a part in energy supply for decades — so one of his first challenges is to convince a sceptical public to allow shut reactors to restart.

Yoshihiko Noda inherits a country with no cohesive energy policy after the March earthquake and tsunami triggered the world’s worst nuclear accident in 25 years and shattered the public’s confidence in the safety of its reactors.

Sep 1, 2011

South Sudan seeks alternative to North Sudan oil pipeline

PERTH (Reuters) – South Sudan is exploring alternatives to transporting its oil through North Sudan, as the two countries face a stalemate over dividing up oil revenues, a government official said Thursday.

South Sudan took 75 percent of the 500,000 barrels a day of oil production when it became independent on July 9, but only the north has a pipeline and a port to export the oil.

Sep 1, 2011

S. Sudan seeks alternative to N. Sudan oil pipeline

PERTH, Sept 1 (Reuters) – South Sudan is exploring
alternatives to transporting its oil through North Sudan, as the
two countries face a stalemate over dividing up oil revenues, a
government official said on Thursday.

South Sudan took 75 percent of the 500,000 barrels a day of
oil production when it became independent on July 9, but only
the north has a pipeline and a port to export the oil.

Sep 1, 2011

Analysis: Reactor restarts first energy hurdle for Japan’s Noda

TOKYO/PERTH (Reuters) – Japan’s new prime minister has made clear he sees nuclear power playing a part in energy supply for decades — so one of his first challenges is to convince a skeptical public to allow shut reactors to restart.

Yoshihiko Noda inherits a country with no cohesive energy policy after the March earthquake and tsunami triggered the world’s worst nuclear accident in 25 years and shattered the public’s confidence in the safety of its reactors.

    • About Rebekah

      "Based in Perth, Australia, I cover coal and gas in Asia. Before moving to Perth, I covered oil and fuels like gasoline and diesel in New York City, including the climb of oil prices to a record high near $150 per barrel."
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