Energy Update
Spainish utility Enel yesterday said it has acquired Liberty Lake, Wash.-based energy storage software firm Demand Energy.
LONDON, Jan 12 (Reuters) - North Sea-focused oil producer
Premier Oil said full-year revenue slipped 10 percent
year-on-year in preliminary results, despite production levels
hitting an improved target.
BEIJING, Jan 12 (Reuters) - China's total refining capacity
will increase 4.6 percent to 790 million tonnes in 2017 and net
crude oil imports will rise 5.3 percent to 396 million tonnes,
state-owned China National Petroleum Corporation (CNPC)
forecast on Thursday.
(Thu, 12 Jan 2017) The U.S. Energy Information Administrationâs January <em>Short-Term Energy Outlook</em> (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018.
SHANGHAI, Jan 12 (Reuters) - China Construction Bank (CCB)
has signed 35 billion yuan ($5.06 billion)
worth of debt-for-equity swap framework agreements with three
state-owned enterprises in the central province of Henan, a
newspaper linked to the local government reported on Thursday.
SHANGHAI, Jan 12 (Reuters) - China detained 720 people and
Beijing imposed $21.8 million of fines for violating
environmental protection laws in 2016, according to domestic
media on Thursday.
SYDNEY, Jan 12 (Reuters) - Australia's competition regulator
said on Thursday it will review BP Plc's A$1.8 billion
purchase of 527 petrol stations from Australia's top grocer,
Woolworths Ltd.
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