PNoy assures country of

uninterrupted oil supply

AMITA LEGASPI, GMA News
03/07/2011 | 04:41 PM 
(Updated 8:34 p.m.) Oil-producing countries are committed to filling in the slack for the Philippines should
the situation in North Africa and the Middle East lead to crude supply shortages, President Benigno Aquino
III said Monday, without naming those nations……

Energy Department Falls Short on

Loan Recordkeeping, Report Says
By Brian Wingfield - Mar 8, 2011 8:53 AM GMT+0800
The U.S. Energy Department’s program to guarantee loans for clean energy projects hasn’t
met federal standards for recordkeeping, an agency report said…..

E.ON, B&Q, British Gas to Hire

Apprentices in U.K. Insulation
‘Green Deal’
By Alex Morales - Mar 8, 2011 8:00 AM GMT+0800

E.ON AG (EOAN), Kingfisher Plc (KGF)’s B&Q home improvement chain and Centrica Plc
(CNA)’s British Gas backed U.K. plans to create at least 1,000 apprenticeships as part of the
government’s “Green Deal” that aims to insulate every home……
Korea Electric Plans to Invest $1.8
Billion in Smart Power Grid by
2015
By Shinhye Kang - Mar 8, 2011 9:04 AM GMT+0800
Korea Electric Power Corp. (KEP), South Korea’s biggest electricity producer, plans to invest
2 trillion won ($1.8 billion) over the next five years in a smart grid as part of the
government’s efforts to reduce carbon emissions…….

Oil Declines for First Time in Three

Days After Qaddafi Resignation
Offer
By Ben Sharples - Mar 8, 2011 11:07 AM GMT+0800
Oil fell for the first time in three days after a report that Libya’s Muammar Qaddafi offered
to relinquish power prompted speculation fighting may ease in Africa’s third-biggest
producer……

Asia Confronts Oil Shock as

Central Banks to Meet on Rates
By Karl Lester M. Yap and Michael Munoz - Mar 8, 2011 8:34 AM GMT+0800
A jump in crude oil costs in excess of 20 percent in the past two weeks is escalating the
danger of inflation in Asia, where central banks are already grappling with consumer price
pressures fueled by job and spending gains…..
DMCI, Petron, San Miguel,
Semirara: Philippine Stocks
Preview
By Ian C. Sayson - Mar 8, 2011 8:53 AM GMT+0800
Shares of the following companies may have unusual price changes in Philippine trading.
Stock symbols are in parentheses, and prices are as of the previous close, unless stated
otherwise.
The Philippine Stock Exchange Index rose 0.1 percent to 3,886.48……

Yen Trades Near One- Month High

Versus Dollar as Oil Spurs Safety
Demand
By Candice Zachariahs and Ron Harui - Mar 8, 2011 10:57 AM GMT+0800
The yen was 0.8 percent from its strongest in a month against the dollar amid concern
unrest in the Middle East and North Africa will spur further increases in energy costs,
threatening economic growth……

Could $5-Per-Gallon Gas Be What

Palin Needs?
By Scott Conroy
March 8, 2011
As gasoline prices shot up for the 13th straight day on Monday to a new national average topping
$3.50 and oil prices rose to over $106 a barrel, the cost of energy seemed poised once again to rise to
the forefront of the political discourse just as the 2012 presidential campaign generates steam…..
West Shuns Libyan Crude
BUSINESS - MARCH 8, 2011

By GUY CHAZAN  and CAROLYN CUI

Oil Price Spike Continues as Energy Giants, Banks Stop Trading With Gadhafi.
Big oil companies and Wall Street banks have stopped trading crude with Libya in response to sanctions
against the country, threatening a near-shutdown of exports from the North African country and driving oil
prices even higher…….

Bina refinery costs rise by 20%

8 MAR, 2011, 03.58AM IST, SHUCHI SRIVASTAVA,ET BUREAU 
MUMBAI: Soaring raw material prices have raised the cost of Bharat Petroleum Corporation's (BPCL)
new refinery at Bina by 20%, but the new unit will deliver impressive refining margins of $11 a barrel,
more than double the margin of its other units in recent months, a top official said……

Shell keen to drill for oil and gas

off proposed WA heritage reef
Andrew Burrell 
From:The Australian 
March 08, 2011 12:00AM
GLOBAL petroleum giant Shell has applied to start drilling for oil and gas less than 50km
from the edge of Western Australia's prized Ningaloo Reef, which the federal government
has nominated for World Heritage listing.

Gas prices continue to climb

State average is up 14 cents; effect seen in driving habits
By Erin Ailworth and Allison Knothe
Globe Staff | Globe Correspondent / March 8, 2011
The price of gas in Massachusetts rose 14 cents over the last week, sparking concerns that it
will climb even higher than expected as violence in Libya and turmoil in the Middle East
continue to spread…..