June 2016

Saudi, Japanese officials to discuss investment into Saudi Aramco IPO

Selling just 1 per cent of Saudi Aramco would create world’s biggest IPO By Chen Aizhu BEIJING, June 29 (Reuters) – Saudi and Japanese officials will hold meetings on Wednesday to discuss Japanese investment into the planned initial public offering (IPO) of a small part of Riyadh-controlled Saudi Aramco, said Khalid Al-Falih, the kingdom’s energy […]

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China needs market reform, emission rules to boost gas use – industry

China has offered incentives to renewable power generation, but not gas By Kathy Chen and Chen Aizhu BEIJING, June 29 (Reuters) – China needs broader market reform and tighter emission regulations to promote natural gas as the most effective fuel to cut its emissions, industry executives said on Wednesday. The world’s largest energy user’s ambition to spur

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US crude stockpiles fall, gasoline builds as refiners boost output

US crude stockpiles down 4.1 million barrels June 29 (Reuters) – US crude oil stockpiles fell sharply last week and gasoline inventories posted an unseasonably surprise large build as refineries ramped up production, the U.S. Energy Department said on Wednesday. Crude inventories fell 4.1 million barrels in the week to June 24, the sixth consecutive

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