Energy Update
CARACAS, Sept 16 (Reuters) - Venezuela's state oil company
PDVSA said a new 2020 bond being offered from Friday in exchange
for debt maturing next year would carry a coupon of 8.5 percent.
Solar power users in Nevada have reason to cheer as a deal was worked out Friday to prevent rate hikes for homes that
(Adds planned BP Whiting production cut, updates prices)
By Devika Krishna Kumar
NEW YORK, Sept 16 (Reuters) - Gasoline futures have soared
and prices at the pump in certain states have started to spike
due to an ongoing partial shutdown of Colonial Pipeline, the
vital artery bringing gasoline and other products to the U.S.
East Coast.
Colonial, the largest U.S. refined products pipeline system,
Sept 16 (Reuters) - U.S. drillers this week added oil rigs
for an 11th week in the past 12, according to a closely followed
report on Friday, although the rate of increases has slowed as
crude prices remain below the key $50 a barrel level that spurs
a return to the well pad.
That is, however, the longest streak of not cutting rigs
since 2011 with the rig count increasing or holding steady every
week so far this quarter.
CARACAS, Sept 16 (Reuters) - Venezuela will use this
weekend's Non-Aligned Summit to meet fellow oil producers and
gather support for a global deal to strengthen oil prices at a
gathering in Algeria this month, Oil Minister Eulogio del Pino
said.
CALGARY, Alberta, Sept 16 (Reuters) - Canadian producer
BlackPearl Resources Inc is looking for a partner to
develop its 80,000-barrel-per-day Blackrod oil sands project in
northern Alberta, the company's chief executive told Reuters on
Friday.
Rooftop solar, which has surged more than 1,000 percent since 2010, will barely grow at all next year. Residential installations are expected to increase by 21 percent this year, but in 2017 the figure will inch upward by about 0.3 percent.
(Adds analyst comment, prices, details on states likely to be
most affected, details on PHMSA action)
By Devika Krishna Kumar
NEW YORK, Sept 16 (Reuters) - Gasoline futures have soared
and prices at the pump in certain states have started to spike
as a result of an ongoing shutdown of the Colonial Pipeline, the
key artery bringing gasoline and other products to the U.S. East
Coast.
PARIS, Sept 16 (Reuters) - Hungary expects European Union
clearance to build two Russian nuclear reactors at its Paks
nuclear site in the coming weeks, a senior Hungarian government
official said on Friday.
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