Energy Update
* Clinches deals with Shandong refiners Shouguang Luqing,
Huifeng
* Crude oil came from Latin America
* Deals seen as riskier, but profitable
SINGAPORE, Aug 5 (Reuters) - As European and American
markets open on Friday, oil traders face a new era with Yahoo
Messenger, the main tool used by traders to communicate since
the late 1990s, shutting down.
CAIRO, Aug 4 (Reuters) - When Egypt announced plans to
develop renewable power in 2014, investors piled in, drawn by
year-round sunshine and chronic electricity shortages. Two years
on, many projects have stalled, hitting confidence among foreign
investors Egypt sorely needs.
LUSAKA, Aug 5 (Reuters) - Glencore's Zambian Mopani
Copper Mines (MCM) has halted production at all its operations
after four miners were killed in separate accidents, a company
official said on Friday.
Little attention has been given to what the number of people expected to be laid off says about staffing levels in the China’s steel industry.
NEW YORK, Aug 5 (Reuters) - Private equity funds are looking to sell shares in two U.S.
energy companies, people familiar with the plans said this week, deals that could end a
year-long drought for Initial Public Offerings (IPOs) in the oil and gas sector.
(Fri, 05 Aug 2016) Despite increases in crude oil prices since the start of the year, employment in oil and natural gas extraction and support activities continued declining from levels reached in the fall of 2014, just before the onset of falling oil prices. The total rig count (including both oil-directed and natural gas-directed rigs) has declined even more sharply, from nearly 1,800 rigs in the fall of 2014 to a weekly low of 404 rigs in May 2016.
(Fri, 05 Aug 2016) This paper presents average values of levelized costs for generating technologies entering service in 2018, 2022, and 2040 as represented in the National Energy Modeling System (NEMS) for the <em>Annual Energy Outlook 2016</em> (AEO2016) Reference case.
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