Energy Update
TOKYO, May 18 (Reuters) - Iran's oil exports are set to
surge in May, climbing nearly 60 percent from a year ago, with
European shipments recovering to about half of pre-sanction
levels, according to a source with knowledge of the country's
crude lifting plans.
BEIJING, May 13 (Reuters) - China is expected to raise its
power storage capacity to 14.5 gigawatts by 2020, as the world's
second-biggest economy tries to cut massive waste from renewable
energy projects, an industry association said.
LAUNCESTON, Australia, May 18 (Reuters) - China appears to
be stockpiling crude oil at a faster pace than the market had
expected, taking advantage of low prices but perhaps also
pulling forward its demand for imported crude.
(Wed, 18 May 2016) Trends in carbon dioxide (CO2) emissions from electricity generation through 2040 depend significantly on whether or not the Clean Power Plan (CPP) rule issued last August by the U.S. Environmental Protection Agency (EPA) is implemented. Analysis in EIA's <em>Annual Energy Outlook 2016</em> (AEO2016) examines what the CPP could mean for the fuels used to generate electricity, especially coal.
(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.
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