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IEA: China, Japan continue to dominate global oil demand

By Michael Robison NEW YORK, May 24 – China and Japan will continue to dominate global oil demand growth this year, based on a “slightly brighter” economic consensus view, according to the International Energy Agency’s most recent monthly report. “While euro-zone risks and potential price spikes might drag oil demand lower than we project, similarly, [...]
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Looking for a win-win in Baghdad

By Eric Watkins LOS ANGELES, May 23 – At today’s talks in Baghdad between Iran and the so-called P5+1 nations – the U.S., Britain, France, China, Russia, and Germany – the best outcome would be a win-win situation for both sides: one where everyone walks away victorious. A victory for the P5+1 would be an [...]
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Obama’s battle for biofuels

By Taylor Marvin MONTEREY, Calif., May 22 – The Obama administration’s ambitious program to have the U.S. Navy meet half of its fuel needs with green energy by 2020 took a beating from the U.S. Congress last week. Under terms of legislation passed by Congress, the Department of Defense may not purchase alternative fuel, “if [...]
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NATO: Advancing maritime energy security

By Eric Watkins LOS ANGELES, May 21 – The North Atlantic Treaty Organization took a major step forward in international maritime energy security with the signing of an agreement for delivery of the Alliance Ground Surveillance system. “Today is a big day for the Alliance Ground Surveillance program,” said NATO Deputy Secretary General Alexander Vershbow [...]
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Review: ‘Latin Lessons: How South America Stopped Listening to the United States and Started Prospering’

By Felicia Graham LA JOLLA, Calif., May 20 –Hal Weitzman’s new book, Latin Lessons: How South America Stopped Listening to the United States and Started Prospering, offers a superb portrait of the growing importance and self-sufficiency that Latin America has taken on in the past decade — especially due to energy. Weitzman himself served as [...]
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The Americas: Asia’s game-changer

By Felicia Graham LA JOLLA, Calif., May 19 – When the United States announced its new shift of focus to Asia-Pacific, the region suddenly become a major game-changer. But perhaps not all game-changers are created equal, and the U.S. was certainly not alone in announcing a change of focus. While the U.S. was preoccupied – [...]
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U.S. deals blow to China’s solar industry

By Eric Watkins LOS ANGELES, May 18 – Solar panels are at the center of a dispute between the United States and China, a dispute that grew shriller this week as the Department of Commerce slapped anti-dumping duties on the Chinese solar panel industry. China’s state television denounced the U.S. government’s decision to levy anti-dumping [...]
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Under scrutiny: Chinese oil companies

By Eric Watkins LOS ANGELES, May 17 – The Hai Yang Shi You 201, a pipe-lay vessel owned by China National Offshore Oil Corp., this week set sail for the Liwan 3-1 gas field in the South China Sea where it will prepare for pipe laying works The Hai Yang Shi You 201 is China’s [...]
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IEA: Argentina nationalization ‘clouds investment climate’

By Felicia Graham LA JOLLA, Calif., May 15 – The International Energy Agency’s May Oil Market Report slammed Argentina’s expropriation of Repsol’s Yacimientos Petroliferos Fiscales shares, which saw the Spanish firm’s stake reduced to 6.4% from 57.4% “The government takeover clouds the investment climate for international companies that might otherwise have been atracted to unconventional [...]
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Oil under troubled waters

By Eric Watkins LOS ANGELES, May 15 – China and the Philippines have temporarily staved off conflict in the South China Sea, with each country imposing a ban on fishing in the troubled waters. But no one said anything about looking for oil or gas there. The two countries announced overlapping fishing bans in disputed [...]
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Crunch time for Iran

By Eric Watkins LOS ANGELES, May 14 – International sanctions against sales of Iran’s oil are being felt in the Islamic Republic, a factor which many Western officials attribute to Tehran’s push for renewed talks over the country’s nuclear energy program. The primary factor in Iran’s desire for talks is the reduction in its exports [...]
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