Energy Update
BEIJING, Sept 9 (Reuters) - China has reduced its coal
production capacity by 150 million tonnes in the first eight
months of the year, representing 60 percent of its 2016 target
for capacity cuts, state media said on Friday citing the state
planner.
NEW YORK, Sept 9 (Reuters) - U.S. oil refiners, beset by the
weakest profit margins in six years, have been laying off
workers, revamping operations and ratcheting up pressure on
regulators and lawmakers to tweak the renewable fuel program,
whose costs have ballooned.
The Jul/Aug edition of our “Top 5 Hybrid Energy News” features CleanSpark, Webcor, Sungevity, SADAFCO, National Solar Systems, First Solar, Aquion Energy, SolarAfrica, Minnesota National Guard, Minnesota Power, Senvion and EDL. It is interesting to see that microgrids enter new market niches such as a golf course, the military, the food industry. Increasing the renewable energy penetration by combining different sources such as wind and solar or adding storage is a continuing trend.
(Fri, 09 Sep 2016) As Japan's electricity generation mix shifted away from nuclear energy toward the increased use of coal and natural gas after the Fukushima accident, Japan became increasingly reliant on generating electricity using imported coal and liquefied natural gas (LNG).
MEXICO CITY, Sept 8 (Reuters) - Mexico's government on
Thursday set out plans for a bigger-than-anticipated cut in
public spending in 2017, with struggling state oil company Pemex
earmarked for a 100 billion peso ($5.36 billion) reduction in
funding.
Sept 8 (Reuters) - North Dakota's governor activated 100
National Guard troops on Thursday ahead of an expected ruling by
a federal judge on a Native American tribe's request to halt
construction of a crude oil pipeline that has drawn fierce
opposition and protests.
TOKYO, Sept 9 (Reuters) - Oil prices pulled back on
profit-taking on Friday after settling more than 4 percent
higher a day earlier after government data confirmed a
surprisingly huge drawdown in U.S. crude inventories.
TOKYO, Sept 9 (Reuters) - Oil prices pulled back on
profit-taking on Friday after settling more than 4 percent
higher a day earlier after government data confirmed a
surprisingly huge drawdown in U.S. crude inventories.
ACCRA, Sept 8 (Reuters) - A yield of 9.25 percent on Ghana's
oversubscribed $750 million Eurobond launched on Thursday
reflected investor confidence in the economy, Finance Minister
Seth Terkper told Reuters.
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