Iran's mullahs promise to cover China's demand for energy

Chinese Ambassador to Tehran Leo Jen Tung conferred here Tuesday with the Head of Majlis Energy Commission Kamal Daneshyar on expansion of mutual cooperation on energy sector between the two countries.

At the meeting, Daneshyar called for continued expansion of good relations between the two countries and voiced Iran's readiness to meet the demands of China in the energy sector.

The Mother Of All Battles: For Oil

Blair is going nuclear to avoid blackmail over gas

The BBC gives us a Guide to Russia's key energy clients

Malacañang Palace seeks to cushion new oil price hikes

Pakistan: Loadshedding across country planned

With no let up in energy crisis, the government is expected to start formal loadshedding and spread its duration evenly to different parts of the country to enable consumers to plan their life accordingly.

...He said the government believed that announcements in the past of no-loadshedding had been counter productive because there was nothing the government could have done when there was a clear gap between demand and supply. “It is better to face public and come up with shortest possible means to fill the gap,” said the senior official.

U.K.: TV standby buttons will be outlawed

THE Government is to outlaw standby switches on televisions and video and DVD players to cut the amount of electricity wasted in the home.

Refrigerators, washing machines and dishwashers will have to become energy-efficient, and lightbulbs that burn too much energy will be phased out.

IEA sees oil supply growth exceeding demand in '07

When fuel is the price of champagne

[Update by Leanan on 07/12/06 at 10:48 AM EDT]

The Summary of Weekly Petroleum Data for the Week Ending July 7, 2006 has been released. There was a big draw on crude inventories. Price of oil is heading skyward.

[Update by Leanan on 07/12/06 at 2:21 PM EDT]

Oil sends trade deficit higher in May

WASHINGTON (AP) — America's trade deficit rose in May as the price of imported oil jumped by the largest amount since 1990 in the run-up to the first U.S.-Iraq war.

..."Oil is sucking us dry and even stronger world growth cannot keep the trade deficit from widening," said Joel Naroff, chief economist at Naroff Economic Advisors.