Energy Update
NEW YORK, Sept 1 (Reuters) - Ferrellgas Partners LP
has quietly shed a five-year contract at a Philadelphia-area
crude rail terminal just a year after it obtained it through a
deal that gave the propane company its first foothold in the oil
logistics business.
TOKYO, Sept 1 (Reuters) - Saudi Aramco and the Japanese
government are set to agree on a roughly 2 million barrel
expansion of crude storage capacity in Okinawa, used by the
state-run firm to store oil, Saudi Aramco CEO Amin Nasser said
on Thursday.
SINGAPORE, Sept 1 (Reuters) - Oil prices rose in Asian trade
on Thursday as the U.S. dollar weakened, rebounding from a more
than 3 percent drop in the previous session following
surprisingly large builds in U.S. crude and distillate
stockpiles last week.
BEIJING, Sept 1 (Reuters) - China's top planning agency said
on Thursday it would continue to cut red tape, including
steamlining approvals on investment projects, in the latest bid
to bolster the economy.
Sept 1 (Reuters) - Most Southeast Asian stocks fell on
Thursday, in line with Asian peers, as investors shrugged off an
official survey showing Chinese factory activity unexpectedly
expanded in August, to focus on a U.S. jobs report that could
determine the timing of a rate increase by the Federal Reserve.
U.S. nonfarm payrolls data due on Friday remains this week's
key market focus after Federal Reserve Vice Chair Stanley
LAUNCESTON, Australia, Sept 1 (Reuters) - China's imports of
iron ore and coal remained robust in August, providing a
fundamental justification for the ongoing resilience in the
price of the two major bulk commodities.
NEW YORK, Sept 1 (Reuters) - Ferrellgas Partners LP
has quietly shed a five-year contract at a Philadelphia-area
crude rail terminal just a year after it obtained it through a
deal that gave the propane company its first foothold in the oil
logistics business.
(Thu, 01 Sep 2016) U.S. nuclear power plant outages have been higher this summer (June through August), averaging 4.3 gigawatts (GW), or 51% more than in 2015. Summer outages were at their highest in June, reaching 9.9 GW, or about 10% of total U.S. nuclear capacity, on June 17 and averaging 6.2 GW for the month. Outages dropped to an average of 4.4 GW in July and 2.4 GW in August.
TOKYO, Sept 1 (Reuters) - Japan is hoping the lure of deeper
economic ties with Russia will strengthen strategic relations in
the face of a rising China, but sceptics question whether the
approach will generate a breakthrough in a decades-old
territorial dispute.
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