Energy Update
SINGAPORE, Aug 19 (Reuters) - Brent crude oil prices rose
above $51 a barrel on Friday to hit an eight-week high and were
on track to rise for a seventh trading day, as hopes that
producers could agree measures to support crude buoyed
sentiment.
MOSCOW, Aug 18 (Reuters) - A surprise delay to Russia's
privatisation of mid-sized oil producer Bashneft does not bode
well for plans to sell a stake in energy giant Rosneft this
year. A failure of that deal too would deal a heavy blow to
state finances.
Prema Viswanathan on the recent announcement by energy major BP which says it is looking to divest 50% of its stake in its Chinese petrochemicals joint venture SECCO.
(Fri, 19 Aug 2016) Industrial sector energy intensity is heavily influenced by the composition of goods and services, which is based on both domestic and international demand. In EIA's <em>Annual Energy Outlook 2016</em> (AEO2016), industrial energy intensity is expected to decline by 15% from 2015 to 2040.
SINGAPORE, Aug 19 (Reuters) - Brent crude oil prices dipped
in early Asian trading hours on Friday, but remained near
two-month highs with Brent still holding above $50 per barrel in
a bull-run that has lifted the market by over 20 percent since
early August.
Aug 18 (Reuters) - A prominent Texas lawyer was acquitted on
Thursday of charges he made up thousands of fake clients to sue
BP Plc for damages that the oil company caused in the
2010 Gulf of Mexico spill, court records show.
Aug 18 (Reuters) - Caterpillar Inc said on Thursday
it would explore options, including a possible divestiture for
some of its mining products, and would stop taking orders for
machinery specific to underground soft rock mining.
WASHINGTON, Aug 18 (Reuters) - The U.S. Environmental
Protection Agency has not complied with federal requirements to
study the effects of the nation's biofuel use mandate, an agency
watchdog said on Thursday.
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