Energy Update
(Fri, 30 Sep 2016) The outage of Colonial Pipeline Line 1 between September 9 and September 21 resulted in record changes in motor gasoline stocks in both the Lower Atlantic and Gulf Coast states during the week ending September 16. Colonial's Line 1 is the largest gasoline supply pipeline linking the Gulf Coast?home to roughly half of the nation's refining capacity?to the Lower Atlantic, a major demand region that has no petroleum refineries.
BEIJING, Sept 30 (Reuters) - Coal inventories at China's key
power plants have increased by 10 percent this month, the
government said on Friday, amid growing concerns about soaring
prices and dwindling supplies due to government-enforced mine
closures.
CARACAS, Sept 29 (Reuters) - Venezuelan President Nicolas
Maduro said on Thursday he expects non-OPEC oil-producing
countries, like Russia, to support OPEC's efforts to boost oil
prices by reducing crude output.
BRASILIA, Sept 29 (Reuters) - Brazil's top prosecutor's
office complained on Thursday that Panama had failed to deliver
banking information requested over a year ago in the massive
corruption investigation surrounding state-controlled oil
company Petróleo Brasileiro SA.
MEXICO CITY, Sept 29 (Reuters) - Officials from Mexico, the
United States and Cuba met on Thursday for a second round of
talks on the limits of the Western Polygon, an oil-rich area in
the waters of the Gulf of Mexico, two people close to the
discussion said.
SAN FRANCISCO, Sept 29 (Reuters) - In the run-up to its
initial public offering, cloud computing company Nutanix
scrambled to avoid a situation that has increasingly marred
technology IPOs: a price that is below the most recent private
funding round.
TOKYO, Sept 30 (Reuters) - Oil prices dropped on Friday on
profit-taking, after rising 7 percent in the past two sessions,
amid doubts that OPEC's first planned output cut in eight years
would make a substantial dent in the global crude glut.
SHANGHAI, Sept 30 (Reuters) - China General Nuclear Power
Corporation (CGN) expects its plans for a new China-led nuclear
power plant in Britain to win government approval within five
years, the firm's chairman said in comments reported by state
media late on Thursday.
By Laura Zuckerman
SALMON, Idaho, Sept 29 (Reuters) - U.S. and Canada-based
Native American tribes are expected to sign a treaty on Friday
that urges protections be maintained for grizzly bears in and
around Yellowstone National Park.
The treaty is the latest sign of growing American Indian
activism tied to tribal rights and the environment, and just the
third such cross-border agreement in 150 years, tribal members
involved said.
The world's largest waste-to-energy downdraft gasification plant is being constructed in Tennessee — area mayors were invited to take a look at the facility in preparation for full startup early next month.
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