Energy Update
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.
Bellatrix Exploration has signed an agreement to sell a 35% stake in the Bellatrix O'Chiese Nees-Ohpawganu'ck deep-cut gas plant and the associated gathering pipelines at Alder Flats in Alberta, Canada, to Keyera Partnership for C$112.5m ($86m).
July 10 (Reuters) - Tesla Motors Inc CEO Elon Musk
on Sunday tweeted his intention to soon publish part two of his
"top secret Tesla masterplan" following an embattled several
weeks for the silicon valley heavyweight.
UNITED NATIONS, July 10 (Reuters) - United Nations
Secretary-General Ban Ki-moon said on Sunday that South Sudan's
leaders must take "decisive action" to regain control of
security in the capital Juba and urged them to order their
forces to disengage and withdraw to their bases.
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