Energy Update
July 29 (Reuters) - Enbridge Inc , Canada's
largest pipeline company, reported a slightly
lower-than-expected profit as the company's liquids pipeline
business was hit by a massive wildfire in Fort McMurray,
Alberta.
July 29 (Reuters) - Enbridge Inc , Canada's
largest pipeline company, reported a 47.8 percent fall in
quarterly profit as the company's liquids pipeline business was
hit by a massive wildfire in Fort McMurray, Alberta.
July 29 (Reuters) - U.S. refiner Phillips 66's
quarterly profit more than halved as earnings from its refining
business were compressed by record supplies of gasoline and
diesel.
MOSCOW, July 29 (Reuters) - The global economic slowdown has
hurt millions of households, but has at least had a silver
lining: with oil prices falling, the cost of filling up a
vehicle with fuel has dropped.
OSLO/MILAN, July 28 (Reuters) - European suppliers to the
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
* Asian June imports at 1.72 mln bpd, highest since 2011
* Imports by China, India, Japan, South Korea rise
* Japan, South Korea imports more than double
We all remember where we were on Sept. 11, 2001. Others are old enough to remember where they were when JFK was shot. These and other historical events changed the world.
(Fri, 29 Jul 2016) The manufacture of steel and related products is an energy-intensive process. In 2015, the steel industry accounted for 1.5% of all industrial shipments but 6.1% of industrial delivered energy consumption. In EIA's <em>Annual Energy Outlook 2016</em> (AEO2016) Reference case, energy use in the steel industry increases by 11% over 2015–40.
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