Energy Update
NEW YORK, Jan 12 (Reuters) - A U.S. government weather
forecaster on Thursday said current La Niña conditions are
likely to dissipate by February and neutral conditions are
likely to continue during the first half of the year.
WASHINGTON, Jan 12 (Reuters) - The Obama administration on
Thursday launched a new complaint against Chinese aluminum
subsidies at the World Trade Organization, accusing Beijing of
"artificially" expanding its global market share through cheap
state-directed loans and subsidized energy.
NEW YORK, Jan 12 (Reuters) - A U.S. government weather
forecaster on Thursday said current La Nina conditions are
likely to dissipate by February and sees neutral conditions
continuing during the first half of 2017.
LONDON, Jan 12 (Reuters) - Energy professionals have become
less bearish about the outlook for oil prices in 2017 and 2018
as downside risks have fallen, an annual survey by Reuters
shows.
ABU DHABI, Jan 12 (Reuters) - Saudi Arabia has cut oil
output to its lowest in almost two years, its energy minister
said on Thursday, as the world's largest oil exporter leads
OPEC's drive to eradicate a global glut and prop up prices.
DUBAI, Jan 12 (Reuters) - Markets are cheering Saudi
Arabia's progress in cutting a huge state budget deficit, but
details of the kingdom's financial plans show it will remain
hostage to swings in oil prices for many years.
JAKARTA, Jan 12 (Reuters) - Indonesia introduced new rules
on Thursday that will allow exports of nickel ore and bauxite
and concentrates of other minerals under certain conditions, in
a sweeping policy shift from the key global supplier.
Jan 12 (Reuters) - Britain's National Grid will
escape with an arms-length separation of its two main businesses
rather than a formal break-up under proposals by energy
regulator Ofgem to ensure the group avoids conflicts of
interest.
It would have been the first 100 percent community-owned renewable power project in North America. Located just south of Swift Current, Sask., the $90-million project would have generated 35 megawatts of electricity from wind turbines and solar panels with electricity sold to the provincial utility, SaskPower.
On Friday, January 6, the Obama Administration released the second installment of the interagency Quadrennial Energy Review (QER 1.2), “Transforming the Nation’s Electricity System”.
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