Energy Update
SINGAPORE, Dec 29 (Reuters) - China's diesel demand is
likely to pick up pace ahead of the Lunar New Year as traders
stock up barrels ahead of the festivities and as construction
activity picks up in some areas, four trade sources said on
Thursday.
* Sinopec gets about half of first batch total
* 'Teapot' refiners absent from quota list
* Traders still see 2017 quotas matching or above 2016
Singapore, Dec 29 (Reuters) - U.S. oil prices fell on
Thursday following a surprise build in the country's crude
stocks shown in data published by the American Petroleum
Institute (API) late on Wednesday.
WASHINGTON, Dec 28 (Reuters) - President Barack Obama on
Wednesday designated over 1.6 million acres of land in Utah and
Nevada as national monuments, protecting two areas rich in
Native American artifacts from mining, oil and gas drilling in
one of his final moves to protect the environment.
SAO PAULO, Dec 28 (Reuters) - Brazil's state-run oil
company, Petroleo Brasileiro SA, on Wednesday
announced the sale of ethanol and petrochemicals assets for $587
million, but said it would still fall $1.5 billion short of its
divestment target for the 2015-2016 period.
WASHINGTON, Dec 28 (Reuters) - Democrats on the U.S.
Senate's environment panel on Wednesday asked President-elect
Donald Trump's choice to head the Environmental Protection
Agency to disclose his ties to the energy industry ahead of his
confirmation hearing early next year.
One billion tons of biological material—that’s enough to fill a 16-foot flatbed truck stacked roughly up to the moon! But we wouldn’t have to “shoot for the moon” to produce this much biomass every year.
Spain’s Ence – Energia y Celulosa on Dec. 15 said it will buy Spanish utility Endesa's stake in two biomass plants.
The U.S. Department of Energy (DOE) last week said that its Geothermal Technologies Office has completed seismic data acquisition at two key geothermal sites in northern Nevada.
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