Energy Update
LONDON, July 11 (Reuters) - The FTSE 100 climbed to
an 11-month high on Monday, helped by expectations of a cut in
interest rates by the Bank of England later this week and a
rally in mining companies.
SEVILLE, Spain, July 11 (Reuters) - An airplane powered
solely by energy from the sun took off from southern Spain early
on Monday on the penultimate leg of the first ever fuel-free
round-the-world flight.
MILAN/LONDON July 8 (Reuters) - Britain faces a growing risk
of spikes in wholesale gas prices as ageing storage facilities
mean increased maintenance and greater reliance on imports to
meet spot demand.
JUBA, July 11 (Reuters) - Fighting and gunfire erupted in
South Sudan's capital on Monday a day after the U.N. Security
Council told rivals President Salva Kiir and Vice-President Riek
Machar to rein in their forces and end days of violence.
JAKARTA, July 11 (Reuters) - Indonesian state power firm PLN
says it cannot comply with government rules on burning diesel
with a bio content of at least 30 percent as it would damage
generators, potentially curbing demand for biofuel ingredient
palm oil in the world's top producer of that commodity.
SIRTE, Libya, July 11 (Reuters) - When Western officials
cajoled Libya's warring factions to support a unity government
this year, they said it was a chance for the rival armed
brigades to unite against the common enemy, Islamic State.
SINGAPORE, July 11 (Reuters) - Oil refiners in Asia are
processing less crude as they grapple with margins that plunged
to five-year lows after the region was flooded with supply of
refined products and as slowing economic growth hits demand for
fuels.
CALGARY, Alberta, July 11 (Reuters) - Deeply-discounted
prices for heavy crude from the heart of Alberta's oil sands
look set to sink further, thanks to hundreds of thousands of
barrels of new supply that will have difficulty finding space in
crowded pipelines, traders say.
CALGARY, Alberta, July 11 (Reuters) - Deeply-discounted
prices for heavy crude from the heart of Alberta's oil sands
look set to sink further, thanks to hundreds of thousands of
barrels of new supply that will have difficulty finding space in
crowded pipelines, traders say.
(Mon, 11 Jul 2016) The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries, is projected to grow from 14.8 million barrels/day (b/d) in 2015 to 18.6 million b/d in 2040 in its Annual Energy Outlook 2016 (AEO2016) Reference case.
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