. Energy News .




.
ENERGY TECH
Oil mixed on slower China growth
by Staff Writers
Singapore (AFP) Oct 18, 2011

Oil prices were mixed in Asian trade Tuesday after energy hungry China said its economy grew at a slower pace in the third quarter amid slowing orders from its key US and European trading partners.

Gross domestic product in the world's second-largest economy grew 9.1 percent year-on-year in the three months to September, compared with a 9.5 percent expansion in the previous quarter, the government said.

As the world's largest energy consumer, China has a direct impact on crude prices and oil demand, according to the International Energy Agency.

New York's main contract, light sweet crude for delivery in November, was down eight cents to $86.30 per barrel Tuesday, while Brent North Sea crude for December delivery inched up five cents to $110.21 in volatile trading.

"I think this is because the China GDP data is down, because the market consensus is looking at 9.3 percent but the result turned out to be 9.1 percent," said Ker Chung Yang, a commodities analyst for Phillip Futures in Singapore.

"The market fears that China has slowed down their economic growth and this will dampen oil demand."

The Chinese economy had expanded 9.5 percent year-on-year in the second quarter, slower than the 9.7 percent posted in the first quarter and 9.8 percent in the fourth quarter of 2010.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries








. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Canada soon to export gas to Asia?
Calgary, Alberta (UPI) Oct 14, 2011
Canadian regulators have granted an export license to the proposed Kitimat liquefied natural gas terminal, opening the door for Canadian gas exports to Asia. The $5 billion Kitimat LNG project - a venture of Canadian gas giant Encana Corporation and Apache Canada Ltd. and EOG Resources Canada Inc. - will have the capacity to export 1.4 billion cubic feet of gas a day. Gas will ... read more


ENERGY TECH
Perry vows to unleash US energy boom

Australian parliament passes divisive carbon tax

Australian parliament approves carbon tax

China says 'progress' made in Russian energy talks

ENERGY TECH
China, Vietnam eye joint development of South China Sea

Inefficient developing world stoves contribute to 2 million deaths a year

Iraq talks investment with India delegation

Improving the physics of grocery store display cases to save energy

ENERGY TECH
Vestas receives 99MW order for Texas wind-energy project

GE invests in Indian wind power

Euro Bank: Wind policy 'direction' needed

Natural Power US to act as Owner's Engineer on 2.1GW Wyoming wind farm

ENERGY TECH
Westgate Chrysler Jeep And Southern Energy Management Combine For Large Solar Project

Leaner, Faster Rooftop Solar Installations

ABC Solar opens first Malibu's retail solar design and build studio

Qatar Solar Technologies to build polysilicon plant

ENERGY TECH
World needs joined-up nuclear safety approach: report

Cold War's nuclear wastes pose challenges to science, engineering, society

Areva's Finnish EPR reactor delayed again

Taiwan, China to sign nuclear safety pact

ENERGY TECH
Does converting cow manure to electricity pay off?

Certain biofuel mandates unlikely to be met by 2022

US unlikely to hit Renewable Fuel Standard for cellulosic biofuels

Advancing next gen biofuels by turning up the heat on biomass pretreatment processes

ENERGY TECH
China's first space lab module in good condition

Takeoff For Tiangong

Snafu as China space launch set to US patriotic song

Civilians given chance to reach for the stars

ENERGY TECH
Bacterial communication could affect Earth's climate

US scientists accuse Perry officials of censorship

Long-Lost Lake Offers Clues to Climate Change

UN climate talks 'stupid, useless and endless' - Maldives


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement