Energy Update
LAUNCESTON, Australia, Sept 27 (Reuters) - Major oil
exporters clearly would like higher crude prices and may even be
getting closer to some sort of coordinated action, but they
should be careful what they wish for as they may choke off
demand growth in top importer China.
(Tue, 27 Sep 2016) Global nuclear capacity reached 383 gigawatts (GW) in 2015, driven primarily by nuclear additions in Asia. Currently, 31 countries have nuclear power programs, totaling 441 operating reactors. An additional 60 reactors are under construction in 15 countries, adding 59 GW of electricity generating capacity over the next decade. Plans to add another 90 reactors (76 GW) have been formally transmitted to the International Atomic Energy Agency (IAEA) by 8 countries.
AMSTERDAM/SYDNEY, Sept 27 (Reuters) - The Permanent Court of
Arbitration in the Hague has said it will oversee a compulsory
conciliation between East Timor and Australia on their maritime
boundary, rejecting Australian objections.
SINGAPORE, Sept 27 (Reuters) - Crude futures slipped in
Asian trade on Tuesday as investors took profits after prices
climbed more than 3 percent in the previous session.
CANNON BALL, N.D./WASHINGTON, Sept 26 (Reuters) - Three days
after guard dogs attacked Native Americans protesting an oil
pipeline project in North Dakota in early September, an
unprecedented event took place at the White House.
CARTAGENA, Colombia, Sept 26 (Reuters) - U.S. Secretary of
State John Kerry met with Venezuelan President Nicolas Maduro on
Monday, the first formal meeting between the two since Kerry
became the top U.S. diplomat.
LONDON, Sept 27 (Reuters) - Industry group UK Oil and Gas
has slashed its estimate of Britain's existing oil and gas
reserves by a third, saying weak oil prices have made it less
likely that some resources will ever be retrieved.
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