Energy Update
BRUSSELS, May 18 (Reuters) - The Diamond Producers'
Association, set up last year, to spur demand, will launch a
slogan early in June to replace "diamonds are forever", viewed
as one of the most successful campaigns of all time but in need
of updating, it said on Wednesday.
WASHINGTON, May 18 (Reuters) - Credit risks continue to
mount in the U.S. financial system, even in the energy sector
which recently saw some improvement, the head of the agency
focused on the country's financial stability said on Wednesday.
HOUSTON/BUENOS AIRES, May 18 (Reuters) - A 1-million-barrel
cargo of Nigeria's Bonga medium crude oil is expected to be
discharged in Argentina this week, the second crude import by
firms operating in the South American country this year to
secure oil supplies for their refineries, according to industry
sources and Reuters data on Wednesday.
WASHINGTON/NEW YORK, May 18 (Reuters) - U.S. regulators on
Wednesday proposed a modest increase in the amount of corn-based
ethanol and biofuels that fuel producers must mix into diesel
and gasoline in 2017, disappointing two major industries: Big
Corn and Big Oil.
HOUSTON, May 18 (Reuters) - An oil and gas regulator in the
top U.S. energy-producing state of Texas cast doubt on research
linking growing seismic activity to petroleum production on
Wednesday, following the release of a study arguing most of the
state's earthquakes are manmade.
May 18 (Reuters) - The United States is considering whether
to reign in a subsidy on coal mine cleanup costs and in so doing
shield taxpayers from those liabilities, a leading regulator for
the mining industry said on Wednesday.
May 18 (Reuters) - Loss-making U.S. grain handler Andersons
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp downturn in the agricultural
economy.
QUITO, May 18 (Reuters) - Two earthquakes struck Ecuador's
coast on Wednesday, leading to one death and light damage in the
same region where a magnitude 7.8 tremor killed more than 650
people last month.
May 18 (Reuters) - The operator of the California power grid
said on Wednesday that natural gas shortages related to a
leak at the giant Aliso Canyon storage facility will threaten
electric reliability in the southern part of the state this
summer.
The Metropolitan Nashville Airport Authority (MNAA) in Tennessee has transitioned the air conditioning at the Nashville International Airport (BNA) to a geothermal lake plate cooling system.
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