Energy Update
LONDON, Aug 19 (Reuters) - U.S. stocks of natural gas are
rising much more slowly than normal for this time of year as a
long, hot summer spurs record air-conditioning demand and gas
burn by power generators.
FRANKFURT, Aug 19 (Reuters) - European prompt power for
early next week diverged on Friday, with German prices down on
an increase in thermal capacity and those in France boosted by
the return of warmer weather and tighter nuclear supply.
SINGAPORE, Aug 19 (Reuters) - Singapore's Keppel Land, the
real estate arm of conglomerate Keppel Corp, sees
sales of its homes in China rising this year compared to last
year, its CEO said, helped by a focus on larger cities where
demand has been strong.
BEIJING, Aug 19 (Reuters) - Australia's decision to block
grid sale to Chinese firms showed uncertainty in its investment
environment and will seriously hurt the willingness of Chinese
companies to invest in the country, China's commerce ministry
said on Friday.
BANGKOK, Aug 19 (Reuters) - Chevron is committed to
its Thailand investments despite job cuts that have spurred
rumours of the U.S. oil major's exit, and may keep a Myanmar gas
field stake if no attractive offer is made for the asset, an
executive said in a statement on Friday.
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.
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