The following are energy highlights from today’s editions of the European press. Click on the links to see related Argus stories:
Financial Times
The OECD has slammed biofuel subsides for sparking food price inflation (p1).
Biofuel crops will transform the landscape (p4).
Opec is considering a small output rise to try and cool record high oil prices and reassure industrialised countries (p6).
An attack on a large Mexican oil pipeline will mainly affect the domestic market, state-owned Pemex said yesterday, but it has not ruled exports being affected (p10).
Oil companies are facing a litmus test in Kazakhstan (p24).
Crude prices were volatile prior to Opec output ruling (p40).
London-listed independent Imperial Energy, which fought off threats to revoke its Russian licences this year, yesterday confirmed that it is on track to expand production (p22).
Wall Street Journal
Key Opec nations are weighing up a largely symbolic increase in oil output quotas of up to 500,000 b/d (p2).
Austrian oil and gas company OMV is trying to grow in central Europe’s fragmented energy market and stay competitive with Europe’s big energy giants (p4).
Iraqi oil minister Hussain al-Shahristani said an agreement announced over the weekend between US-based Hunt Oil and the Kurdistan Regional Government to explore for oil is illegal (p6).
The US coal industry wants the country’s military to jump-start a major new market for its product — liquid transportation fuels derived from coal (p7).
Lloyds List
The Norwegian shipping industry yesterday warned of a winding down of the industry if the government pushes through a 20bn kroner ($3.5bn) back-tax budget proposal (p1).
Mexican state-owned energy company Pemex said explosions caused by sabotage have hit several of its natural gas pipelines on the Gulf of Mexico (p2).
German chancellor Angela Merkel has said Germany has an interest in promoting closer co-operation between German and French companies in the energy sector (p2).
South Korea has signalled its intention to expand the global reach of its shipping sector with the launch of a 2 trillion won ($2.1bn) investment fund for a network of maritime logistics hubs (p4).
APM Terminals has opened the most highly automated state-of-the-art container terminal in the US, at a greenfield site at Hampton Roads, Virginia (p5).
Pakistan has unveiled plans to establish two large shipyards in joint ventures with foreign partners (p5).
Chinese steel prices head upwards in hot market (p16).
Iron ore exports from the western Indian state of Goa have been slowed by a faulty loader (p17).
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