Energy Update
BERLIN, June 9 (Reuters) - Iran expects a row with Germany
over unpaid state export guarantees to be resolved soon, its
industry minister was quoted as saying in a German newspaper on
Thursday, a step which would remove a big hurdle to reviving
trade relations.
SYDNEY, June 9 (Reuters) - BHP Billiton is
studying an option to develop a massive new iron ore deposit in
Australia to replace lost tonnes as operations age and reserves
decline, according to the company and documents filed with
environmental regulators.
LAUNCESTON, Australia, June 9 (Reuters) - Conventional
wisdom in the liquefied natural gas (LNG) sector is that no new
projects will be built for several years, given the vast cost
can't be reconciled with the current low prices.
A week after US President Barack Obama and his entourage vacated the JW Marriott hotel in Hanoi, some 600 international steel market participants moved in.
LONDON, June 8 (Reuters) - Cobalt prices may be on the
threshold of a major revival due to flourishing demand for the
mineral, a key component of lithium-ion batteries used in
electric cars.
(Thu, 09 Jun 2016) Unplanned global oil supply disruptions averaged more than 3.6 million barrels per day (b/d) in May 2016, the highest monthly level recorded since EIA started tracking global disruptions in January 2011. From April to May, disruptions grew by 0.8 million b/d as increased outages, largely in Canada, Nigeria, Iraq, and Libya, more than offset reduced outages in Kuwait, Brazil, and Ghana. Along with other factors such as rising oil demand and falling U.S.
(Adds details, table)
TOKYO, June 9 (Reuters) - Prices for liquefied natural gas
(LNG) spot cargoes for Japan, the world's top buyer, fell in May
to the lowest since the trade ministry started publishing
figures more than two years ago, official data showed on
Thursday.
The average price of spot LNG contracted in May fell by 10
cents from the previous month to $4.10 per mmBtu, the monthly
June 9 (Reuters) - U.S. utilities and merchants are
embarking on their biggest buying spree for Canadian natural gas
since the start of the U.S. shale boom, taking advantage of
record low prices and raising concerns about the U.S. industry's
deepening crisis.
June 9 (Reuters) - The U.S. solar energy market will nearly
double new installations this year to 14.5 gigawatts, led by
utility projects that developers scrambled to bring online in
anticipation of the expiration of a key federal tax credit,
according to a report published on Thursday.
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