Energy Update

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HOUSTON, Aug 19 (Reuters) - Exxon Mobil has defended
its handling of an outage at its Los Angeles refinery following
a blast in February 2015 after a prominent trading company told
a state commission that the process had lacked transparency.

The Austrian company supplying Tesla Motors Inc. with the technology it needs to turn sunshine into electricity is expanding in the U.S. to capitalize on growth in the solar industry.

Deepwater Wind yesterday announced on Twitter that construction on the first US offshore wind farm now is complete.

Poorly worded legal language is to blame for the failure of a solar ballot measure to address the grievances of Nevada solar homeowners with the new lower net metering rates announced last December.

St. Petersburg, Fla., got its first net zero energy, fully self-sustaining commercial office building almost four years ago, in December 2012. Like so many other energy independent buildings, the path was fundamentally simple; reduce energy consumption as low as possible, make up the rest with solar PV power.

Decentralized renewable energy has traditionally been under-estimated in emerging markets as only being capable of delivering electricity for home use, and then mostly for basic lighting. “Productive use”—creating goods and services either directly or indirectly for the production of income or value—has been more elusive.

BEIRUT, Aug 19 (Reuters) - Syrian Kurdish authorities
evacuated thousands of civilians from Kurdish areas of a city in
northeastern Syria on a second day of government air strikes and
artillery bombardment on Friday, a spokesman for the Kurdish YPG
militia said.

DUBAI, Aug 19 (Reuters) - Iran's crude oil exports were flat
in June at just over 2 million barrels per day and production at
3.610 million bpd was steady from the previous month, official
data showed on Friday.

BEIJING, Aug 19 (Reuters) - State Grid Corp of China
expressed "deep regret" on Friday after Australia
formally blocked the A$10 billion ($7.6 bln) sale of Ausgrid to
Chinese bidders on security grounds.

LONDON, Aug 19 (Reuters) - European shares were poised to
post their biggest weekly loss in two months on Friday while
crude oil snapped its winning streak after a weaker dollar and
hopes of production cuts had lifted prices to eight-week highs.

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