Chesapeake Energy Corp. posted a deep loss in the second quarter as the U.S. shale driller took a $4.02 billion write-down on some properties following tumbling energy prices. Source The Wall Street Journal
France is extending the state guarantees for the Russian liquefied natural gas (LNG) projects Yamal LNG and the Arctic LNG 2 projects, Russian media quoted France’s Economy Minister Bruno Le Maire as saying after a meeting with his Russian counterpart Maxim Oreshkin in Paris. Source: Oil Price
North Korea has accelerated a little-known program to use its abundant coal supply to produce synthetic gas, helping the isolated nation reduce its dependence on foreign oil and withstand sanctions aimed at curbing its nuclear program. Source: Wall Street Journal
Global coal demand will edge higher until 2023 as growth in India and other Asian countries offsets a decline in Europe and the United States, the International Energy Agency (IEA) said on Tuesday. Source: Reuters
