01.22.14 Energy News
- Russian oil production at 10.7mln bpd in 2014, rising 90,000bpd (ABN AMRO)
- China’s oil demand may rise by 350,000 bpd in 2014, according to Barclays. (BBG)
- China’s crude output in December rises 3.6% to 17.9mln tons, diesel output rises 1.6% to 14.83mln mt, gasoline up 5.1% to 8.75 mln mt. (BBG)
- Macquarie Group and Glencore Xstrata have joined forces to bid for Royal Dutch Shell’s Australian refining and retail business. (Australian Financial Review)
- Russian gas export prices to Europe to continue easing as high export prices to parts of Europe affect its competitiveness against the US. (BBG)
- Retail gasoline in the US slipped to the lowest level for this season in three years after winter storms across the eastern half of the country cut demand for the motor-fuel and oil prices dropped. (BBG)
- Chinese focused coalbed methane (CBM) player Green Dragon Gas posted a massive increase in production over 2013. The Co. produced nearly 7.2bln cubic feet cubic feet of gas in 2013 vs 1.8 bln in 2012. (Upstreamonline)
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