Energy Update
CARACAS, June 7 (Reuters) - Venezuelan security forces used
tear gas to block hundreds of opposition protesters on Tuesday
in the latest rally to demand a recall referendum to oust
socialist President Nicolas Maduro.
BRASILIA, June 7 (Reuters) - Brazil's top prosecutor is
seeking the arrests of the Senate leader and other senior ruling
party politicians for allegedly trying to obstruct a corruption
probe, threatening to undermine President Michel Temer's interim
government, O Globo reported on Tuesday.
Wave energy developer Eco Wave Power on June 1 said that its Gibraltarian project officially began exporting power to Gibraltar’s power grid.
MOSCOW, June 7 (Reuters) - Russian President Vladimir Putin
said on Tuesday that Russia had not "definitively" cancelled
either the South Stream or Turkstream European gas export
pipeline projects but needed a clear position on them from
Europe.
WASHINGTON, June 7 (Reuters) - U.S. President Barack Obama
and Indian Prime Minister Narendra Modi on Tuesday welcomed the
start of preparatory work on six nuclear reactors in India, a
key step in closing the first deal stemming from a U.S.-India
civil nuclear accord struck over a decade ago.
June 7 (Reuters) - The U.S. Energy Information
Administration on Tuesday said dry natural gas production in
2016 would reach 74.64 billion cubic feet per day, down a shade
from the 74.80 bcfd it forecast last month.
PARIS, June 7 (Reuters) - Strikes at five French refineries
will continue until Friday and the start of the Euro 2016
football tournament hosted by France, to maintain pressure on
the government over a contested labour reform, a CGT union
official said.
MOSCOW, June 7 (Reuters) - Russian President Vladimir Putin
said on Tuesday that Russia had not "definitively" cancelled
either the South Stream or Turkstream gas export projects.
For at least the last 40 years, since the oil shocks in the 1970s, dealing with fossil fuel subsidies has been on the international agenda. There have been various pronouncements of intention during that time from the G7, G8, G20 and other ‘G’ bodies, although nothing much has happened; except that the numbers of billions of dollars spent by governments each year on subsidizing both production and consumption of oil, coal and gas have generally increased.
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