Oil tumbles below $93 after weak China report

Oil   Oil
By Alex Kennedy on August 10, 2012

SINGAPORE (AP) — Oil fell below $93 a barrel Friday in Asia as weak Chinese trade figures suggested growth continues to slow in the world's second-largest economy.

Benchmark crude was down 91 cents to $92.45 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 1 cent on Thursday to settle at $93.36 in New York.

Tags: 
oil prices
China
EnergyGuardian is a subscription energy news service. Sign up below to apply for a free 14-day trial. If approved, you will receive an email from us to activate your account and enable access to this Web site and delivery of our enhanced morning, afternoon and breaking news alert emails.

If you have questions, please email sales@packardmedia.com.

To start your free 14-day trial, fill in the form below.

News from Around the World

Natural Gas

Moniz: Natural gas buys time for renewable energy

Source: 
The Verge
Energy Secretary Ernest Moniz said growing stocks of U.S. natural gas can serve as a bridge to develop more renewable energy capacity, The Verge reports.
Link
Oil

State Department releases first batch of Keystone comments

Source: 
Bloomberg
The State Department released the first batch of 100,000 public comments on its draft environmental impact study of the Keystone XL pipeline, Bloomberg reports.
Link
Policy

EPA, three other agencies hit by furloughs today

Source: 
Politico

Employees at the Environmental Protection Agency and three other agencies will take their first furloughs stemming from budget cuts today, Politico reports.

Link
Policy

U.S. says Iranian hackers hit energy firms

Source: 
Dow Jones Business News
Current and former U.S. officials say Iranian hackers have boosted cyberattacks against computer networks at energy companies, Dow Jones Business News reports.
Link
Policy

Jewell in Oregon for cooperation announcement

Source: 
The Hill

Interior Secretary Sally Jewell is in Portland, Ore., on Friday to announce new energy cooperation with Gov. John Kitzhaber and a representative of Washington Gov. Jay Inslee, The Hill reports.

Link
Nuclear

Northeastern AGs press NRC for updated waste rules

Source: 
The Associated Press

Attorneys general in four Northeastern states announced they would petition the Nuclear Regulatory Commission for a new review of regulations governing nuclear waste storage, The Associated Press reports.

Link
Politics

Keystone bill lost Democratic support from 2012

Source: 
InsideClimate News
The Keystone XL bill the House passed Wednesday had 50 fewer Democratic votes than similar legislation passed in 2012, InsideClimate News reports.
Link
Politics

Christie takes heat from infrastructure experts for climate remarks

Source: 
E&E Publishing
A panel of infrastructure experts in New Jersey criticized Gov. Chris Christie for remarks that suggested there was no evidence of a link between climate change and Hurricane Sandy, E&E Publishing reports.
Link
Policy

Efficient buildings program saved $58 million last year

Source: 
The Journal Sentinel
Participants in the Energy Department's Better Buildings Challenge, designed to reduce energy consumption at buildings, saved about $58 million in energy costs last year, The Journal Sentinel reports.
Link
Oil

Commodities firm sues energy companies for price manipulation

Source: 
Reuters
Commodities firm Prime International Trading Ltd., filed lawsuits against BP, Statoil and Royal Dutch Shell for alleged price manipulation, Reuters reports.
Link
  • © 2013 Packard Media Group LLC
  • All Rights Reserved