Energy Update
FRANKFURT, Aug 8 (Reuters) - European prompt power was mixed
on Monday, with German prices rising on tighter renewables
supply while prices in France dropped on falling temperatures.
LONDON, Aug 8 (Reuters) - Britons living near "fracking"
developments will be able to decide how a 1 billion pound ($1.3
billion) shale gas wealth fund should be spent, either by
accepting direct personal payments or supporting projects such
as railways or flood defences, the government said on Monday.
LAUNCESTON, Australia, Aug 8 (Reuters) - Global producers of
liquefied natural gas (LNG) are facing a choice they probably
didn't anticipate or want, but their response will likely shape
the future of their industry.
BEIJING, Aug 8 (Reuters) - China's fuel exports rose to a
record in July as easing demand growth and a surplus in refined
oil products pushed refiners to increase shipments to overseas
buyers.
SHANGHAI/BEIJING, Aug 8 (Reuters) - Seven large Shanxi
province-owned coal miners will be permitted to extend the
maturities of some existing debt, state news agency Xinhua
reported, as Chinese regulators continue their efforts to
provide a softer landing for the stricken sector.
SHANGHAI, Aug 8 (Reuters) - China shares rose on Monday, as
a surge in coal stocks and sustained interest in property shares
ignited by drama involving a major developer offset the impact
of worse-than-expected trade data.
HARARE, Aug 8 (Thomson Reuters Foundation) - Innovative
ways to pay for solar power systems could make clean energy
affordable for many of Zimbabwe's 1.5 million households that
lack electricity, campaigners say.
In the 100th episode of Capitol Crude, Platts senior editor Brian Scheid talks with Adam Sieminski, administrator of the US Energy Information Administration, on the state of the global oil market.
(Mon, 08 Aug 2016) Working natural gas storage inventories posted a rare summer net withdrawal of 6 billion cubic feet (Bcf) for the week ending July 29, 2016, according to EIA's Weekly Natural Gas Storage Report. Record-high consumption of natural gas for electric power generation drove this withdrawal.
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