Energy Update
FRANKFURT, Sept 29 (Reuters) - A jump in European power
prices for next year triggered by French plans to carry out
tests on some nuclear reactors during the winter months has
revived wholesale energy markets after years in the doldrums.
Sept 29 (Reuters) - Extraction Oil & Gas LLC said it
expected to raise as much as $600 million in an initial public
offering, valuing the Denver-based oil explorer and driller at
about $2.6 billion.
It has come as no surprise that Chinese steel market sources feel a bit more cheerful this year.
(Thu, 29 Sep 2016) U.S. distillate exports increased 85,000 barrels per day (b/d) in 2015, reaching nearly 1.2 million b/d. Distillate exports in the first six months of 2016 have averaged 50,000 b/d more than in the first half of 2015. U.S. distillate imports, which are relatively fewer, averaged 200,000 b/d in 2015 and 157,000 b/d in the first half of 2016. Patterns of U.S.
HOUSTON, Sept 29 (Reuters) - It was a moment U.S. shale oil
producers have been waiting on for more than two years: OPEC
nations finally agreed to cut production on Wednesday in a move
that lifted low prices ravaging their budgets.
SYDNEY, Sept 29 (Reuters) - Power was restored to the state
of South Australia on Wednesday after storms a day earlier
caused an unprecedented statewide blackout which disrupted
operations at mining majors like BHP Billiton, closed
ports and halted public transport.
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