Energy Update
(Thu, 17 Nov 2016) Residential heating oil and propane prices have started the winter heating season at levels similar to last winterâs levels, while inventories of both fuels are near or above five-year highs for this time of year. On average, prices for residential heating oil and propane during last winter (October 2015 through March 2016) were the lowest in at least a decade.
SINGAPORE, Nov 17 (Reuters) - A wave that has lifted some
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
LONDON, Nov 16 (Reuters) - President-elect Donald Trump is
very unlikely to restrict imports of crude oil from Saudi Arabia
despite threats to do so issued during the election campaign.
SANTIAGO, Nov 16 (Reuters) - Global miner Anglo American
said on Wednesday it was suspending all operations at
its Los Bronces copper mine in central Chile after protesters
seized installations at the mine earlier in the day.
SANTIAGO, Nov 16 (Reuters) - Anglo American said on
Wednesday it was suspending all operations at its Los Bronces
copper mine in central Chile after protesters seized
installations at the mine earlier in the day.
LONDON, Nov 17 (Reuters) - Commodities-related revenue at
the 12 biggest investment banks fell 22 percent in the first
nine months due to weak industrial metals trading and lacklustre
investor interest, a report by financial industry analytics firm
Coalition said.
GE and Maersk Drilling have agreed to collaborate on a data analytic-driven pilot project which looks to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20%.
WorleyParsons has been awarded a five year Engineering, Procurement and Construction
Management (EPCm) services contract for the Pearl Gas to Liquids (GTL) and associated facilities in
Qatar.
A San Diego Walmart store will begin testing a refrigeration battery system that uses the store’s existing refrigeration to store cooling at night by freezing tanks of salt water.
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