Energy Update
OSLO, July 14 (Reuters) - Norwegian oil firm Det norske
is to cut capital spending this year due to project
cost savings after reporting a smaller than expected 22 percent
fall in second-quarter core profit.
SEOUL, July 14 (Reuters) - South Korea on Thursday said its
power supply would be sufficient to meet peak demand in what is
expected to be a hotter-than-normal summer, buoyed by new
electricity plants.
SEOUL, July 14 (Reuters) - South Korea's central bank
governor said on Thursday global oil prices will push inflation
up by 0.2 to 0.3 percentage points next year after keeping price
pressures subdued for the rest of this year.
HOUSTON/RUNGE, Texas, July 14 (Reuters) - Two years ago, Reg
MacDonald's 20-day drilling classes were packed to capacity,
with nearly 40 students eager to land lucrative jobs in the
booming oil and gas industry. Now he is lucky if he gets half a
dozen to enroll.
(Thu, 14 Jul 2016) Natural gas-fired electricity generation in the United States is expected to reach a record level this year, providing an average of 3.8 million megawatthours per day in 2016, or 4% higher than in 2015. Based on EIA's latest Short-Term Energy Outlook (STEO), monthly natural gas-fired generation is expected to reach record highs in July and August, when weather-related demand for air conditioning increases electricity demand.
SEOUL, July 14 (Reuters) - South Korea's central bank said
on Thursday that inflation has failed to approach the its 2
percent inflation target mainly due to the fall in global raw
material prices, in addition to a delayed economic recovery at
home.
BRASILIA, July 13 (Reuters) - Brazil's lower house of
Congress elected an ally of interim President Michel Temer as
its new speaker late on Wednesday, marking a victory for a
government racing to approve unpopular economic reforms.
NEW YORK, July 14 (Thomson Reuters Foundation) - Most of the
world's richest countries failed to earn top marks on their
progress toward reaching the United Nations' goals to end
poverty and inequality, with only Germany and the United Kingdom
in the top ten, according to a list published on Thursday.
SYDNEY/WELLINGTON, July 14 (Reuters) - Australian shares
edged higher on Thursday, buoyed by positive job data, while New
Zealand's market extended recent gains, hovering close to record
highs.
SYDNEY, July 14 (Reuters) - Aviation, maritime and public
transport workers in Papua New Guinea went on strike on Thursday
before a no-confidence vote in Prime Minister Peter O'Neill, who
has refused to resign over corruption allegations.
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