Energy Markets News
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China cut gasoline exports to the lowest level in almost three years in December and diesel imports reached their 2011 high as fuel was stockpiled to meet increased demand for transport around the Lunar New Year break.
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Oil fell to the lowest level in a month as Chinese manufacturing contracted and negotiations to resolve Greece’s debt crisis entered a third day, fanning concern that Europe’s economy will slow.
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Schlumberger Ltd., the world’s largest oilfield-services provider, said fourth-quarter profit rose 36 percent as higher crude prices pushed oil companies to boost exploration and production spending around the world.
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Israeli leaders held talks with the top U.S. military commander, General Martin Dempsey, following the postponement of a joint exercise that was to be the biggest ever for the two allies.
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