Energy Update
(Wed, 18 May 2016) Angola is the second-largest oil producer in sub-Saharan Africa. The country experienced an oil production boom between 2002 and 2008 when production started at several deepwater fields.
SYDNEY/WELLINGTON, May 18 (Reuters) - Australian shares
dipped on Wednesday, falling for the first time in three
sessions as revived expectations of an U.S. interest rate hike
weighed, though stronger commodities prices offset some of the
losses.
BEIJING, May 18 (Reuters) - China consumed 456.9 kilowatt
hours of power in April, up 1.9 percent compared to the same
month of last year, the country's energy regulator said on
Wednesday.
SINGAPORE, May 18 (Reuters) - Oil prices were trading near
2016 highs on Wednesday, as supply disruptions and output cuts
continued to tighten the market, although traders cautioned that
high global crude inventories were still weighing on markets.
SAO PAULO/BRASILIA, May 17 (Reuters) - Brazil's new interim
government is suspending negotiations with construction
companies caught up in a massive corruption investigation in
order to make leniency deals more rigorous and prove its
anti-graft credentials.
SAO PAULO/BRASILIA, May 17 (Reuters) - State-controlled
Petróleo Brasileiro SA will appoint former
presidential chief of staff Pedro Parente as chief executive
officer, as Brazil's new interim government seeks to stamp its
authority on the debt-laden oil producer, two sources with
knowledge of the decision said on Tuesday.
HOUSTON, May 17 (Reuters) - Oil and gas activities may have
caused nearly nine in 10 of the earthquakes Texas has
experienced in the past 40 years, and the quakes have become
more frequent as oilfield activity has picked up in the past
decade, according to a forthcoming study.
MIDLAND, Texas, May 17 (Reuters) - Dallas Federal Reserve
Bank President Robert Kaplan said on Tuesday that while he
expects more bankruptcies for oil and gas producers this year,
he sees energy prices firming, along with prospects for jobs and
investment.
We explore a key question that emerged from Platts' recent European power conference: is Europe's wholesale
power price collapse structural, or could central plant closures prompt a post 2020 recovery?
Novatek has signed a Memorandum of Understanding (MOU) PTT of Thailand at a meeting between the Russian Prime Minister Dmitry Medvedev and the Prime Minister of Thailand Prayut Chan-o-cha.
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