Energy Update
BEIJING, Aug 12 (Reuters) - China's July crude oil output
fell 8.1 percent from the same period a year ago to 16.72
million tonnes, data from the National Bureau of Statistics
showed on Friday.
LONDON, Aug 11 (Reuters) - Saudi Arabia raised its oil
production to a record last month while much of the kingdom
sweltered in record temperatures that have also hit neighbouring
countries across the Middle East.
BARCELONA, Aug 12 (Thomson Reuters Foundation) - A new $4
million fund aims to speed up the development of supply chains
for less polluting cookstoves in poor communities, by lending to
businesses that would otherwise struggle to finance their
growth, the Global Alliance for Clean Cookstoves said.
RIO DE JANEIRO, Aug 11 (Reuters) - State-led oil company
Petrobras reported second-quarter profit that fell by
nearly a third from a year earlier, missing analysts'
expectations as oil prices fell and it took charges for layoffs
and the impairment of a refinery.
Aug 11 (Reuters) - Caterpillar Inc expects no
significant demand growth for its energy and transportation
products for the rest of 2016 as oil prices stay weak, a senior
executive said on Thursday.
Aug 11 (Reuters) - Wood Group and trade unions Unite and RMT have agreed to suspend
strikes announced on Tuesday and restart the process to resolve a dispute over pay cuts and
working conditions for Wood Group workers employed on Shell's North Sea oil and gas
platforms.
India is targeting a more than sevenfold expansion in its biofuels market over the next six years, stepping up the country’s efforts to cut its reliance on energy imports.
I was sitting in a small room 10,000 miles away from home in October of 2009 working for a developer focused primarily on geothermal energy. Two weeks before, my flight from the U.S. had been booked by an administrative assistant without even telling me I was going to leave the country in 10 days.
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