Energy Update
NEW DELHI, July 13 (Reuters) - Sanjay Kumar is beaming with
joy. The 23-year-old has just bought a used motor scooter, his
first, for 30,000 rupees ($445), after years of saving together
with his mother.
(Wed, 13 Jul 2016) In the July edition of the <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts that the U.S. retail price for regular gasoline will average $2.25 per gallon (gal) this summer (March through September). The forecast price for this summer is lower than the 2015 summer average of $2.63/gal, but higher than the forecast from the April 2016 <em>Short-Term Energy and Summer Fuels Outlook</em>.
MEXICO CITY, July 12 (Reuters) - A former energy official
continued his rapid rise in Mexico's political establishment to
become leader of the ruling party on Tuesday, vowing to rid it
of corruption after scandals that have battered the authority of
President Enrique Pena Nieto.
SHANGHAI, July 13 (Reuters) - China's Commerce Ministry said
on Wednesday the United States had deliberately misinterpreted
World Trade Organization (WTO) rules after the U.S. Commerce
Department found in favour of subsidy rates for Chinese steel.
BEIJING, July 13 (Reuters) - The Philippines claims of
sovereignty in the South China Sea are "baseless" and Chinese
fishing boats have been harassed and attacked by the Philippines
around the Spratly Islands, the Chinese government said in a
white paper published on Wednesday.
When it was time to build its Americas headquarters in California to LEED Platinum and net-zero standards, power management solutions provider Delta looked to a geothermal exchange system for the building's heating and cooling functions.
LONDON, July 12 (Reuters) - U.S. natural gas prices have
risen by a third since hitting a two-decade low in the first
quarter, amid signs supply and demand are rebalancing and excess
stocks left over from an unusually warm winter are being worked
down.
SINGAPORE, July 13 (Reuters) - Crude futures fell on
Wednesday as investors took gains after oil prices surged nearly
5 percent in the previous session, partly on the back of a
forecast increase in demand next year.
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