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Bloomberg A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action at the weekend. Shell was forced to shut down its Knarr field, which produced about 23,000 barrels a day of oil and 3,500 barrels of natural-gas liquids a ...
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July, 2018
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11 July
‘Trade war could leave energy unscathed’
Bloomberg The energy industry is one of the safest sectors to be in as US President Donald Trump instigates a global trade war, Husky Energy Inc. Chief Executive Officer Rob Peabody said. Husky has ties to many of the major players in the emerging trade battles. The Calgary-based company controlled by Hong Kong billionaire Li Ka-Shing has a major production ...
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11 July
US drivers to cut gasoline use for first time since ’12
Bloomberg American drivers are poised to pump less for the first time in six years. US gasoline demand is expected to fall by 10,000 barrels a day in 2018 compared to last year, according to the Energy Information Administration. Overall consumption is forecast at 9.31 million barrels a day, the agency said in its monthly Short-Term Energy Outlook. The last ...
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11 July
Supercars won’t purr on China fuel if US gets way
Bloomberg Donald Trump is snuffing out any chance for China to tap into the growing market for powering the supercars cruising around Malibu and Manhattan. The US administration’s latest 195-page list of an additional $200 billion in Chinese goods targeted for import tariffs includes seemingly obscure products such as benzene, toluene, xylene, methyl tertiary-butyl ether and butanol. These are typically ...
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11 July
Tesla sharing tech with China is ‘subject to negotiation’: Official
Bloomberg Any sharing of technology by Tesla Inc. with a Chinese partner as part of its expansion in the world’s largest electric-car market is a matter that’s “subject to negotiation,†a Shanghai government official said. “For technology transfer, it is a matter subject to negotiation between the enterprises,†Huang Ou, deputy head of the Shanghai government’s economy and information technology ...
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11 July
Singapore’s 139-year-old telecom has plans for millennials
Bloomberg Singapore Telecommunications Ltd. was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials. The telecom giant announced it plans to start a competitive gaming league this year and will eventually sponsor its own team. Esports may already be big business in markets ...
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11 July
Cheap Chinese TVs may just get lot more expensive amid trade war
Bloomberg TVs bearing labels like Hisense or TCL have long been the go-to for bargain-hunters scouring Best Buy for deals. That may change real soon. Nestled among the thousands of knick-knacks, paraphernalia and foodstuffs Donald Trump’s targeting in his next salvo of punitive tariffs are a plethora of components and gear essential to televisions and displays — including the cubic ...
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11 July
China, US impose tariffs on trade flows that don’t exist
Bloomberg Natural gas, the cleanest and fastest-growing fossil fuel, has found itself in perhaps the oddest corner of the multi-billion dollar trade war between the world’s two biggest economies. When the US added duties to $34 billion of Chinese goods last month, China retaliated with its own list that included piped natural gas from the US. And when President Donald ...
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11 July
Trump, Merkel trade barbs over Russia’s pipeline issue
Bloomberg Donald Trump and Angela Merkel got off to a prickly start at a NATO summit as the US president blasted Germany over its support for a gas pipeline from Russia, prompting a tart response from the chancellor. “It’s very sad when Germany makes a massive oil and gas deal with Russia where we’re supposed to be guarding against Russia ...
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11 July
Japan buys more US weapon in snub to domestic industry
Bloomberg While there’s little prospect that Japanese consumers will ever buy enough American cars to please Donald Trump, the Abe government’s record spending on defense is shaping up as a bright spot in bilateral trade for the US president. Japan’s purchases through the US Foreign Military Sales programme represent 16 percent of all non-personnel costs for the nation’s self-defense forces ...
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