Energy Update

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(Tue, 17 May 2016) With this release, the CBECS consumption and expenditures data is complete. The 2012 CBECS consumption and expenditures detailed tables are comprised of Tables C1-C38, which cover overall electricity, natural gas, fuel oil and district heat consumption, and tables E1-E11, which disaggregate the same energy sources by end use (heating, cooling, lighting, etc.). All of the detailed tables contain extensive row categories of building characteristics.

* EIA expects U.S. shale output to drop in June for 8th
month

(Adds technical charts, updates prices)

TOKYO, May 17 (Reuters) - Investment by big Japanese firms
in upstream oil and gas developments is set to fall by around 40
percent to about 1.2 trillion yen ($11 billion) in 2016/17 due
to current low prices, a government Energy White Paper showed on
Tuesday.

LONDON, May 16 (Reuters) - "India is taking over from China
as the main growth market for oil," the International Energy
Agency observed in its latest petroleum market update ("Oil
Market Report", IEA, May 2016).

LONDON, May 16 (Reuters) - "The oil market has gone from
nearing storage saturation to being in deficit much earlier than
we expected," Goldman Sachs analysts said in a research note
published on Sunday.

* Thailand attracting Chinese solar, rubber, auto parts
firms

Pantheon Resources, the AIM-quoted oil and gas exploration company with a 50% working interest in several projects in Tyler and Polk Counties, onshore East Texas, has announed the following operational update.

Nine Energy Service successfully completed 124 perforated stages in an 18,544ft lateral in Guernsey County, Ohio for Eclipse Resources, a independent E&P company in the Appalachian Basin.

WASHINGTON, May 16 (Reuters) - Credit risk is growing in
U.S. commercial real estate with some banks exposed to "froth"
in the apartment market in New York, Boston, Washington D.C. and
San Francisco, a top U.S. banking regulator said on Monday.

SYDNEY, May 16 (Reuters) - Monaco-based oil services company
Unaoil denied on Monday a media report linking it to corrupt
practices involving big oil companies said it has been the
victim of an extortion attempt by unidentified criminals.

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