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UPDATE 2-Oil prices push closer to $50, U.S. crude hits highest in 7 months

* U.S. crude stocks fell by 5 mln barrels last wk - industry
group

Southern states lead growth in biomass electricity generation

(Wed, 25 May 2016) Over the past five years, U.S. electricity generation from biomass across all sectors grew from 56 gigawatthours (GWh) in 2010 to 64 GWh in 2015. Much of this growth occurred in southern states such as Virginia, Florida, and Georgia. In 2015, electricity generation from biomass across all sectors accounted for 11.3% of renewable electricity generation and 1.6% of total electricity generation in the United States.

Determinants of Household Use of Selected Energy Star Appliances

(Wed, 25 May 2016) The main objective of this paper is to test a series of hypotheses regarding the influences of household characteristics (such as education, age, sex, race, income, and size of household), building characteristics (such as age, ownership, and type), and electricity prices on the use of ENERGY STAR appliances.

Australia shares rebound 1.7 pct, energy, resources firms lead

SYDNEY/WELLINGTON, May 25 (Reuters) - Australian shares
bounced sharply off a two-week low on Wednesday, led by gains in
the energy and resources sectors as strong data in the United
States boosted commodity prices and Wall Street stocks.

RPT-UPDATE 1-Energy group CEFC to lease crude storage to ChemChina for strategic reserves

* ChemChina set to take about 9.5 mln bbl under 5-yr lease -
source

Oil prices climb as U.S. crude stocks seen shrinking

SINGAPORE, May 25 (Reuters) - Oil futures rose on Wednesday
after U.S. industry data suggested a larger-than-expected
drawdown in crude inventories last week, although a stronger
U.S. dollar curbed gains.

UPDATE 3-Brazil police probe U.S. Steel venture, Tenaris pipe unit

* Petrobras boss paid $11.2 mln to grant pipe deals
-prosecutors

From hinterland to wonderland: China's "teapot" refinery boomtowns

* China's "teapot" refineries are new force in global oil
markets

China's wary lenders force rust-belt country to take expensive shadow bank loans

* Comes as mainstream lenders avoid some state-owned
borrowers

After benefits of cheap oil, India counts cost of reduced Gulf remittances

NEW DELHI, May 25 (Reuters) - Having quit his low-paid job
with a contractor in Qatar, electrician Kurian Joseph scrabbles
for work each day in his hometown in Kerala, a southwestern
state that has one of India's highest unemployment rates.

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