Energy Update

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June 17 (Reuters) - U.S. drillers this week added oil rigs
for a third week in a row for the first time since August,
according to a closely followed report on Friday, as producers
seek more drilling permits after crude prices hit an 11-week
high over $51 a barrel last week.
Despite a decline in U.S. crude futures to one-month
lows to under $47 this week, analysts and producers have said

* Subsidiary has cash pile

(Adds details, background, updates GDR price movement)

Lebanon plans to bulk up on renewable-energy assets beyond just rooftop solar in a move that could wean reliance on fossil fuels and avoid blackouts, according to a government agency.

Steel scrap is an incredibly unique commodity.

Airlines pay close attention to weight and balance before takeoff. A plane can't be too heavy and it needs a center of gravity. Matt Kohlman elaborates.

Fortune magazine’s recent Brainstorm E Conference brought up a number of interesting conversations surrounding the current state of today’s energy industry. One session in particular kept more than a few of us lying awake that night — Jeremy Grantham’s story of the “Race of Our Lives.” And no, he’s not talking about Trump vs. Hillary — which was, however, the “elephant in the room.”

The U.S. Environmental Protection Agency (EPA) on Thursday released additional details for public comment about the optional Clean Energy Incentive Program (CEIP), a part of the Clean Power Plan (CPP), despite the hold currently placed on the CPP by the U.S. Supreme Court.

BELGRADE, June 17 (Reuters) - Serbia and China are set to
sign at least 20 trade and investment deals this weekend during
a visit by President Xi Jinping, as the cash-strapped Balkan
country seeks funds for infrastructure projects to spur growth.

The UK government’s hostility towards renewable energy subsidies continues to bite. Following a policy announcement last December that became effective in April, the industry was left facing a 60 percent cut to feed-in tariffs for solar, wind, hydro and anaerobic digestion.

* Sharp oil sell-off likely if Britain votes to leave EU
-analyst

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