Energy Update
MISRATA, Libya, July 12 (Reuters) - Libyan forces allied
with the U.N.-backed government have been shelling and carrying
out air strikes on the centre of Sirte city in a siege of
Islamic State militants there, an official said on Tuesday.
LONDON, July 12 (Reuters) - OPEC cut its forecast for world
economic growth this year on Tuesday, citing increased
uncertainty following Britain's vote to leave the EU and said
the pace of oil demand growth would slow slightly next year in
its first 2017 forecast.
BEIJING, July 12 (Reuters) - The arbitration case on the
South China Sea has put the dispute into dangerous territory of
worsening tensions and confrontation, Chinese Foreign Minister
Wang Yi said on Tuesday in comments carried by state news agency
Xinhua, dismissing the case as a "farce".
HANOI, July 12 (Reuters) - Vietnam welcomed a ruling by an
international arbitration court concerning the South China Sea
on Tuesday, saying it strongly supports peaceful resolution of
disputes, while reasserting its own sovereignty claims.
TAIPEI, July 12 (Reuters) - Taiwan said Tuesday it does not
accept a tribunal's ruling on the South China Sea, saying the
decision on Itu Aba, Taipei's sole holding in the disputed
Spratly Islands, had "seriously impaired" its territorial
rights.
PARIS, July 12 (Reuters) - French state-controlled utility
EDF said on Tuesday it had bought a majority 80 percent
stake in UPC Asia Wind Management (AWM) to enter China's wind
energy market, and it aimed to reach 2 GW of installed capacity
there within 5 years.
(Tue, 12 Jul 2016) Worldwide energy intensity, measured as energy consumption per unit of gross domestic product (GDP), decreased by nearly one-third between 1990 and 2015.
July 11 (Reuters) - Royal Dutch Shell Plc and its
LNG Canada partners have once again pushed back the timing of a
decision on building a British Columbia liquefied natural gas
export (LNG) terminal, the latest setback for the Canadian
province's energy ambitions.
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