Energy Update
Dec 12 (Reuters) - JKX Oil and Gas Plc said on
Monday that Ukraine's proposed law to reduce the country's gas
production tax to 12 percent from a maximum of 29 percent for
new wells will help the company's investment plans.
Western sanctions against Moscow have hurt the Russian economy and restricted some energy projects, but they have failed their main objective.
(Mon, 12 Dec 2016) EIAâs <em>Short-Term Energy Outlook</em> (STEO) projects that the average residential customer will consume 4% more electricity over December through March compared with the same period last winter. However, this forecast is highly dependent on winter temperatures. If temperatures are warmer than expected, as they have been the past two months, average electricity use could be slightly below that of the previous winter.
(Mon, 12 Dec 2016) This is the first Densified Biomass Fuel Report resulting from a new EIA survey launched in January 2016. The survey collects information on wood pellet and other densified biomass fuel production, sales, and inventory levels from approximately 90 operating pellet fuel manufacturing facilities in the United States. Facilities with an annual capacity of 10,000 tons or more per year are required to report monthly.
LAUNCESTON, Australia, Dec 12 (Reuters) - The global crude
oil market is starting to resemble a gigantic game of chess,
with a bold opening gambit by OPEC and its allies giving them an
advantage, but the game is still far from checkmate.
SINGAPORE, Dec 12 (Reuters) - Oil prices shot up over 4
percent to their highest level since 2015 early on Monday after
OPEC and other producers over the weekend reached their first
deal since 2001 to jointly reduce output in order to rein in
oversupply and prop up the market.
PARIS, Dec 12 (Reuters) - Global methane emissions from
agriculture and other sources have surged in recent years,
threatening efforts to slow climate change, an international
study has found.
NEW YORK, Dec 11 (Reuters) - Oil prices soared by more than
5 percent as the session began in Asian trading after OPEC and
non-OPEC producers on Saturday reached their first deal since
2001 to curb oil output jointly and ease a global glut that
lasted more than two years.
CARACAS, Dec 11 (Reuters) - Venezuela, mired in an economic
crisis and facing the world's highest inflation, will pull its
largest bill, worth two U.S. cents on the black market, from
circulation this week ahead of introducing new higher-value
notes, President Nicolas Maduro said on Sunday.
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