Energy Update
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.
TOKYO, June 9 (Reuters) - Prices for liquefied natural gas
(LNG) spot cargoes for Japan, the world's top buyer, fell to the
lowest in May since the trade ministry started publishing
figures more than two years ago, official data showed on
Thursday.
JAKARTA, June 9 (Reuters) - Six months after winning power,
President Joko Widodo pledged to boost Indonesia's electricity
capacity by two-thirds by 2019 as Southeast Asia's biggest
economy battled persistent power shortages and blackouts.
LONDON, June 8 (Reuters) - Cheaper gasoline prices are
spurring significant changes in driving behaviour which are in
turn propelling a phenomenal increase in motor fuel consumption
in the United States.
SINGAPORE, June 9 (Reuters) - Oil prices remained near 2016
highs in early trading on Thursday, buoyed by a fall in U.S.
crude inventories, a weaker dollar and strong demand, but some
analysts warned that the recent rally was starting to look
overblown.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.