Energy Update
* Restaurant Group falls on downgrade
Aug 31 (Reuters) - Large U.S. shale oil companies, flush
with cash raised through stock offerings, are gobbling up
properties in the Permian Basin straddling Texas and New Mexico,
a trend that could boost U.S. oil output in the second half of
2017.
Engie SA and Kawisafi Ventures, supported by the Green Climate Fund, invested in the U.K.’s BBOXX Ltd. in a bid to boost the rapidly expanding global market for off-grid solar power.
Join us on Twitter on September 13 from 1:00 pm – 2:00 p.m. PDT and share your thoughts on energy storage technologies, opportunities and advancements and the limitations of the industry now and in the future.
Aggregate wind power curtailment across China grew to 32.3 billion kWh during the first seven months of 2016, an increase of 14.8 billion kWh over the same period of 2015, according to data from the National Energy Administration of China (NEA). The number was very close to the 33.9 billion kWh recorded for the whole of 2015. The country’s average wind power curtailment rate grew by 6 percentage points year on year to a record 21 percent.
DUBAI, Aug 31 (Reuters) - Saudi Arabia does not target a
specific level of oil production and its output is based on
customers' needs, the energy minister of the world's largest oil
exporter said.
Aug 31 (Reuters) - U.S. crude oil stockpiles rose much more
than expected last week, while distillate inventories surged as
well, the U.S. Energy Information Administration said on
Wednesday.
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