price controls

June 3 2008

Argentina: Hay escasez de combustibles de norte a sur del país

The lack of naphthas and diesel is already a common story inside the country, where for a month and a half an average of 20 service stations have realized supply problems.

Argentina: La falta de combustibles complica el trabajo de las patrullas en La Plata

The fuel shortage afflicting service stations for the past several weeks has turned into a serious problem for police in our region. Both complicating the normal development of their preventive tasks to bear the queues to be served or go to different retail outlets for diesel. Formal admission of the problem has not been heard, but highly reliable sources confirmed that situation today.

Argentina: Industria: para no parar la producción, apuestan a combustibles líquidos

The arrival of cold exposed the shortcomings energy. And predictably, local industries-and the province of Buenos Aires-received notifications to restrict consumption of natural gas.The textile factories, a priori, are the most affected by the rationing forced by the national government.

Belize: Rising power costs shock Fortis in Belize

The situation in Belize has reached crisis proportions, said Stan Marshall, president and chief executive officer of Fortis. In a blunt speech to BEL shareholders last month, Mr. Marshall said the company needs to raise rates by 25 per cent immediately or the country will face blackouts

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Chile: Chile toma medidas por combustibles,camioneros protestan

Chile announced on Monday a historic injection of 1,000 million dollars to a fund to subsidize fuel prices before the escalation of global oil, in a measure described as insufficient by protesting truckers who occupied several routes in the country .

The initiative, which must be approved by Congress, would have an effect on inflation, analysts stressed, when the Chilean Central Bank looks at the high values of oil as one of the main threats to price stability.

China: China fuel shortage led by supply, not demand-exec

China's fuel shortage is caused more by declining supply than by increasing demand, an executive with Sinopec SenMei (Fujian) Petroleum Co said on Tuesday.

China: Electricity shortage to hit 8 mln kW in South China

China's need for electricity will keep increasing fast this year with the total need up about 12%. The electricity shortfall in South China will possibly reach 8 million kW in the summer peak season, which will rely largely on coal supply, said officials according to sources.

China: China oil majors to tap other refiners, halt exports to ensure fuel supply

China's two state-run oil majors, China National Petroleum Corp(CNPC) and Sinopec Group, said they will tap capacity at other refiners, halt fuel exports and increase imports to meet demand projected for the summer peak consumption period and the Beijing Olympics.

China: China to face blackouts partly due to quake: official

Large areas of China could face blackouts in the coming months in part due to last month's earthquake, which damaged several hydropower dams and curtailed coal mining, state media reported on Tuesday.

Guangdong province in the south, one of China's manufacturing and export hubs, would face the biggest power shortage, with nearby Guizhou and Yunnan also expected to see demand outstrip supply, Xinhua news agency said.

India: Fuel shortage hits nuclear power projects

A sustained shortage of nuclear fuel has put a question mark on the sustenance of existing and commissioning of new atomic power projects in the country.

The two new nuclear power projects—the fifth unit (220 MW) of Rajasthan Atomic Power Project (RAPP) at Rawatbhatta and the fourth reactor of Kaiga Atomic Power Project (220 MW) in Karnataka—that were scheduled for commissioning in June 2008 now face undue delays.

India: M Govinda Rao: Policy inaction and looming crisis

The unfortunate fact is that the subsidy from the petroleum products, including kerosene, does not accrue to the poor by any stretch of imagination but only causes excess demand, adulteration and distortions in resource allocation. One wonders whose interests they are really serving when the Left Parties oppose the price increase. This is the time to rally round the government to find a solution to the looming crisis. The unprecedented international price of oil is a national problem and the parties should collectively deal with it.

India: Scarcity of diesel forced closure of 50 per cent outlets

Due to short supply of diesel by the oil companies, about 50 per cent of total Petrol Pumps went dry of Diesel and consumers had to face inconvenience.

The oil companies are not releasing the diesel as per the requirement and just 40 per cent total order was being supplied, Owner of a Petrol Pump of Bharat Petroleum told on condition on anonymity.

Northern Marianas: Load shedding cancels games at Oleai

Basketball games and badminton practices at the Gilbert C. Ada Gymnasium have been cancelled for the rest of the week because of the Commonwealth Utilities Corp.'s load shedding schedule.

Another casualty of power outages at the Oleai Sports Complex is the scheduled monthly meeting of the Northern Marianas Amateur Sports Association.

Pakistan: Electricity breakdowns galore

The city witnessed a worsening power supply situation, with prolonged and night-long power outages since Sunday night, despite the federal government?s power conservation drive in the form of the implementation of Daylight Saving Time (DST).

Citizens had to put up with a 34-degree Centigrade maximum mercury-level and 72 percent humidity. Meanwhile, various residential areas fell victim to power failure for up to 10 hours ? from late Sunday night to Monday evening.

May 26 2008

Global: Oil Gains for a Second Day on Concerns Over Supplies, Outlook for Dollar

``People are really responding to longer-term supply issues,'' said John Vautrain, vice president at consultants Purvin & Gertz Inc. in Singapore in an interview with Bloomberg Television. ``Every time we hear good news about some big new find somewhere you have to counteract that with the news that there are a couple of million barrels a day disappearing from the market every year just because of natural declines.''

Argentina: La Costa del Uruguay pide paridad en la provisión de combustible

The area of the Costa del Uruguay is one of the hardest hit by fuel shortages, which requires vehicle owners to do the usual practice of going to other locations for gasoline or diesel.

Argentina: Desabastecimiento de combustible

The Government of Cristina Kirchner fails to negotiate with oil companies. The companies say the demand exceeds supply by almost 100%, and most are without stock. Moreover, neither the recent price increases at the pumps or fines to the suppliers applied by Guillermo Moreno have managed to increase supply.

Bolivia: Gobierno instruye militarizar fronteras para frenar a contrabandistas

The vice president assured that the shortage of LPG, diesel, gasoline and many commodities is not due to government neglect or lack of a correct economic policy, but because of the interests of a people who take advantage, as is the case of fuel, of low prices for profiting from those in neighbouring countries, where the cost is more expensive.

China: Sinopec says crude tax rebate barely covers loss

Top Asian oil refiner Sinopec Corp is still reeling from refining losses despite a government tax incentive, its chairman said on Monday, as global crude prices have charged above $130 a barrel.

Prolonged losses could force refiners to curb production, resulting in fuel shortages in the world's second-largest oil consumer, a prospect Beijing is loath to see as the Olympic Games is just two months away.

Ecuador: El contrabando y la escasez de combustibles afectan a la frontera

The presence of the Armed Forces at distributors has been unable to prevent smuggling and fuel shortages in the northern border. In Tulcán, smuggling took place from clandestine routes and the Rumichaca International Bridge.

India: Petrol shortage hits Auarangabad, other Maharashtra cities

The acute shortage of petrol in the city since last week reached a flash-point Monday with the only petrol vend left with some fuel stock bearing the brunt of people’s wrath. Harried consumers, queuing up in front of the API Corner petrol pump, ran out of patience when they didn’t get petrol at the end of a two-hour wait, and some of them attempted to ransack the petrol pump.

Nepal: NEA reduces power-cuts to nine hrs a week

In what comes as happy news for customers who are bearing the severe lack of all petroleum products throughout the country, Nepal Electricity Authority (NEA) has reduced the load-shedding hours to only nine hours a week effective from Tuesday.

New Zealand: Countdown to power crisis

Hydro-power lakes are at their worst levels since the 1992 electricity crisis and consumers could be three weeks away from being asked to cut back use if there is no rain, or sooner if a big station fails.

Nigeria: Nigeria's MEND Militant Group Attack Shell Facility, Some Production Hurt

Caroline Wittgen, a spokeswoman for Shell in Nigeria, confirmed an attack on the Nembe Creek trunk line in Rivers State, saying that ``some production'' had been halted to stop spillage. Wittgen didn't specify the amount of crude affected. Previous attacks on the installation have stopped as much as 77,000 barrels a day.

Nigeria: Nigeria rebels say attack major Shell oil pipeline

Rebels from Nigeria's oil-producing Niger Delta said on Monday they had attacked an oil pipeline belonging to Royal Dutch Shell and killed 11 soldiers in a gunbattle with the security forces.

South Africa: South Africa's Economy Probably Grew at Slowest Pace in 4 Years

South African economic growth probably eased to the slowest pace in more than four years last quarter after an electricity shortage forced mines and factories to shut and higher interest rates crimped spending.

Yemen: Hundreds of Vehicles line up Waiting for Diesel; Crisis Continues to Grow

Lack of diesel has incurred more losses on farmers, vehicles, truck drivers, and citizens alike. Hundreds of vehicles of different sizes were seen lining in rows waiting their turn to fill up their vehicles or barrels for agricultural or industrial ends throughout the entire week.

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