Energy Update
Aug 22 (Reuters) - Canadian convenience store operator
Alimentation Couche-Tard Inc said on Monday it agreed
to buy U.S. convenience store retailer CST Brands Inc in
a deal valued at about $4.4 billion, including debt.
FRANKFURT, Aug 22 (Reuters) - European prompt power on
Monday was mixed, with German prices up on a drop in wind levels
and those in France down as more nuclear capacity reopened for
production.
On August 5, US sheet producers saw the culmination of many months of work as the US Department of Commerce released its final determinations of countervailing and anti-dumping duties against HRC imports.
BEIJING, Aug 22 (Reuters) - China's diesel, gasoline and
kerosene exports surged last month after state-owned refiners
shipped excess fuel abroad as they struggled to compete in the
domestic market with independent companies that sold at lower
prices.
LONDON/LAGOS, Aug 21 (Reuters) - Oil companies and even
Nigerian officials are losing faith in a deal anytime soon with
militants who have slashed the nation's oil output, casting
doubt on a production recovery in what is typically Africa's
largest oil exporter.
SYDNEY, Aug 22 (Reuters) - Australia's Fortescue Metals
Group Ltd, the world No. 4 iron ore producer, reported
a tripling of its annual net profit on Monday to nearly $1
billion and said it could shoulder a big jump in future dividend
payouts.
The second quarter was a pivotal three months that saw rising crude prices and rig counts, well performance improvements and a brighter tone from US upstream operators who had weathered a tough downturn, and ominous crude prices in early 2016.
(Mon, 22 Aug 2016) Based on projections in the U.S. Energy Information Administration's <em>Annual Energy Outlook 2016</em> (AEO2016), U.S. tight oil production is expected to reach 7.08 million barrels per day (b/d), and shale gas production is expected to reach 79 billion cubic feet per day (Bcf/d) in 2040.
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