Energy Update
BRUSSELS, Dec 12 (Reuters) - The European Commission on
Monday cleared four renewable energy support schemes in France,
as well as Danish support for energy intensive users, saying
they were in line with European Union rules on state aid.
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.
LONDON, Dec 12 (Reuters) - Growth in global coal demand will
slow over the next five years due to lower consumption in China
and the United States and as renewable energy sources gain
ground, the International Energy Agency (IEA) said on Monday.
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.
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