Energy
Crude Oil Tumbles Most in Seven Months as Dubai Seeks to Reschedule Debt Crude oil in New York fell as
Dubai’s attempt to reschedule its debt bolstered the dollar and
prompted investors to sell commodities.
Gazprom Said to Seek Japanese Pipes for Almost 20% of New Russian Gas Link OAO Gazprom is seeking to reach a $3
billion agreement with Japan to supply almost one-fifth of steel
pipes for a gas link in Russia’s Far East, partially replacing
domestic producers, a person familiar with the plans said.
Russia Suspends Crude-Oil Export Duties For Rosneft, Surgut, TNK-BP Fields Russia will suspend duties on crude
oil exports from 13 fields in East Siberia next month in an
effort to boost production for Asian markets.
Frontline, Biggest Supertanker Operator, Posts First Loss in Seven Years Frontline Ltd., the world’s largest
operator of supertankers, posted its first quarterly loss in
seven years on slumping demand and said it plans to eliminate
single-hull carriers from its fleet by the end of next year.
EDF, GDF Suez Agree to Join Russian Gas-Pipeline Projects to Secure Supply Electricite de France SA, Europe’s
largest utility, and GDF Suez SA agreed to join Russian natural-
gas pipeline projects as European nations seek to boost security
of supply following disruptions in the past three years.
Oettinger Is Named European Union Energy Commissioner, Replacing Piebalgs Guenther Oettinger was named
European Union energy commissioner, responsible for guarding the
bloc’s oil and gas supply security and promoting the use of
cleaner technologies to protect the climate.
U.S. Nuclear Output Rises to 85% as FirstEnergy Starts Pennsylvania Plant U.S. nuclear output rose as
FirstEnergy Corp. started the Beaver Valley 2 reactor in
Pennsylvania, a government report showed.
U.S. Coal Consumption Increases 1.3%, Led by Power Stations in the East U.S. coal consumption rose 1.3
percent in the week ended Nov. 26 from the previous seven-day
period, according to an analysis by Genscape Inc.
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