Energy Update
HONG KONG, July 8 (Reuters) - Hong Kong stocks fell on
Friday, tracking losses in Shanghai shares, on fears of further
weakness in the yuan and worries that Britain's decision to
leave the European Union could destabilise one of China's
biggest export markets.
SHANGHAI, July 8 (Reuters) - China will send inspection
teams to eight more provinces and regions to see how well they
are complying with state environment rules and fighting the
country's war on pollution, the environment ministry said.
MEXICO CITY, July 7 (Reuters) - Mexico's ruling
Institutional Revolutionary Party, or PRI, will pick a top
government energy official to take over as party leader next
week, two years ahead of the next presidential election, three
PRI officials said on Thursday.
HOUSTON/CARACAS, July 8 (Reuters) - Venezuela's falling
crude output and financial woes have left it struggling to
maintain a 15-year-old oil assistance program to its closest
ally, Cuba.
(Fri, 08 Jul 2016) U.S. coal production is projected to decline by about 26%, or 230 million tons, between 2015 and 2040 in EIA's <em>Annual Energy Outlook 2016</em> (AEO2016) Reference case, which assumes the implementation of the Clean Power Plan (CPP). In a scenario that assumes the CPP is never implemented (No CPP case), U.S. coal production remains close to 2015 levels through 2040.
SHANGHAI, July 8 (Reuters) - China's central-government run
steel and coal firms will cut capacity by around 10 percent in
the coming two years, and by 15 percent by 2020, as part of
their efforts to tackle gluts in the sectors, the state asset
regulator said on Friday.
SINGAPORE, July 8 (Reuters) - Swiber Holdings Ltd,
a Singapore-based oilfield services company, said on Friday that
its $710 million offshore field development project in West
Africa had likely fallen behind schedule due to weakness in the
oil and gas sector.
SINGAPORE, July 8 (Reuters) - Oil prices rebounded in early
trading on Friday, bouncing off two-month lows hit in the
previous session when prices fell 5 percent on news that the
U.S. weekly crude draw missed some forecasts.
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