Energy Update
* Graphic on North Korea's coal exports: http://tmsnrt.rs/2gBHw6G
BEIJING, Dec 5 (Reuters) - China is aiming to produce 4
million tonnes of ethanol by 2020, doubling output from the
current level, even as it keeps tight control over the use of
food grains to make the biofuel, a government plan showed on
Monday.
NEW DELHI, Dec 5 (Reuters) - India is giving priority to
moving towards a natural gas-based economy and efforts must be
made to raise local production of the fuel while also creating
infrastructure to import it, Prime Minister Narendra Modi told
an energy conference on Monday.
NEW YORK, Dec 5 (Reuters) - BP Plc's decision to move
ahead with a $9 billion project to drill in the Gulf of Mexico
is the first step toward major oil companies moving forward with
U.S. offshore plans postponed during crude's price rout.
(Mon, 05 Dec 2016) In terms of electricity usage, Thanksgiving Day is one of the most unusual days of the year. Typically at this time of year, electric loads in most regions have a small peak in the morning and a larger peak in the evening. On Thanksgiving, however, the largest peak of the day occurs closer to midday as many Americans gather to celebrate the holiday.
By Aparajita Saxena
Dec 5 (Reuters) - Southeast Asian stock markets were subdued
on Monday as investors kept to the sidelines after Italian Prime
Minister Matteo Renzi said he would resign following heavy
defeat on constitutional referendum, raising political
uncertainty in the euro zone.
Renzi's decision to quit deals a fresh blow to the European
Union at a time when Italy, the euro zone's heavily indebted
SINGAPORE, Dec 5 (Reuters) - Oil prices fell by one percent
on Monday as a higher U.S. rig count unsettled markets amid
nagging concern that output cuts, planned as part of concerted
action between producer club OPEC and Russia, might not be as
big as initially anticipated.
SYDNEY, Dec 5 (Reuters) - ExxonMobil expects to
deliver 7.9 million tonnes of liquefied natural gas from Papua
New Guinea this year, around 14 percent above nameplate capacity
of its PNG LNG plant, the company's PNG head said on Monday.
Beach Energy has signed a gas sales agreement (GSA) with Adelaide Brighton Cement , a wholly owned subsidiary of Adelaide Brighton, for supply ex‐Moomba of processed sales gas from Beach’s 100% owned Western Flank acreage.
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