Energy Update
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.
SAO PAULO, July 28 (Reuters) - Brazil's state-run oil
company Petroleo Brasileiro SA said in a statement on
Thursday it is in exclusive talks for 60 days with Mexico's
Alpek over the potential sale of PetroquimicaSuape
and Citepe assets in Brazil's northeast.
UNITED NATIONS, July 28 (Reuters) - The United Nations has
temporarily suspended aid deliveries in Nigeria's northeastern
state of Borno, the former stronghold of jihadists Boko Haram,
after a humanitarian convoy was attacked, the U.N. children's
agency UNICEF said on Thursday.
NEW YORK, July 20 (Thomson Reuters Foundation) - North
American forests will not fight climate change by absorbing
carbon dioxide at levels once hoped for because the trees may
not grow big enough, a study said on Wednesday.
HOUSTON, July 28 (Reuters) - Improved fracking techniques
have helped cut Pioneer Natural Resources Co's
production costs in the Permian Basin to about $2 a barrel, low
enough to compete with oil rival Saudi Arabia, CEO Scott
Sheffield said on Thursday.
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