Energy Update
Aug 4 (Reuters) - U.S. crude's slide below $40 a barrel this
week has hardened the resolve of oil market bears to drive
prices lower, with oversupply, refining cutbacks and a breakdown
in the oil/dollar trade spelling an end to this year's rally.
HOUSTON/NEW YORK, Aug 4 (Reuters) - The long-planned and
oft-delayed Sandpiper pipeline through the U.S. Midwest may not
be dead, but it appears to be on life support, a likely casualty
of the oil-and-gas industry's infrastructure overbuild amid a
two-year global oil rout.
(Thu, 04 Aug 2016) Natural gas plant liquids (NGPL) accounted for 22% of total U.S. petroleum and other liquid fuels production in 2015. In EIA's Annual Energy Outlook 2016 (AEO2016) Reference case, increases in NGPL account for a significant share of total increases in petroleum and other liquid fuels production over 2015?40.
HOUSTON, Aug 4 (Reuters) - A pact that 15 U.S. states signed
to jointly investigate Exxon Mobil Corp for allegedly
misleading the public about climate change sought to keep
prosecutors' deliberations confidential and was broadly written
so they could probe other fossil fuel companies.
SYDNEY/WELLINGTON, Aug 4 (Reuters) - Australian shares rose
on Thursday, taking a lead from Wall Street and defying
weaker-than-expected retail sales numbers, while New Zealand
shares edged higher.
TOKYO, Aug 4 (Reuters) - Shares of Showa Shell Sekiyu KK
and Idemitsu Kosan Co Ltd tumbled on Thursday
after the Idemitsu founding family upped the ante in its efforts
to block a plan by Idemitsu management to acquire the firm's
smaller rival.
LONDON, Aug 3 (Reuters) - Rebalancing the oil market is
proving a long and frustrating process because the oil-exporting
countries hit hardest by the slump were the themselves some of
the fastest growing oil consumers before prices tumbled.
Aug 3 (Reuters) - Williams Cos Inc shareholder
Corvex Management LP has asked the U.S. oil and gas pipeline
company to revamp its board with a majority of new directors by
replacing members or adding new ones, a regulatory filing on
Wednesday showed.
SAN FRANCISCO, Aug 3 (Reuters) - Tesla Motors Inc
reported a steeper than expected quarterly loss on Wednesday on
higher spending at its vehicle and battery factories, and said
adjusted profitability could be within sight if the company
meets its delivery goals.
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