Energy Update
MOSCOW, May 13 (Reuters) - Indebted Russian coal and steel
producer Mechel's core earnings jumped 54 percent
year-on-year in 2015 due to increased returns on investments
that previously threatened to sink the company.
PARIS, May 12 (Reuters) - The French Senate on Thursday
adopted a revised version of its biodiversity bill in which
Senators scrapped a proposal to impose an additional tax on palm
oil and a deadline to ban on pesticides blamed for harming bees.
May 13 (Reuters) - Oil and gas producer Exco Resources Inc
said on Friday it formed a special committee to evaluate
strategic alternatives, including in-court or out-of-court
restructuring.
BEIJING, May 13 (Reuters) - China's Commerce Ministry said
on Friday it had asked for the World Trade Organisation's
dispute resolution mechanism to be activated over a subsidy case
bought against it by the United States.
(Fri, 13 May 2016) Carbon dioxide (CO2) emissions from electricity generation totaled 1,925 million metric tons in 2015, the lowest since 1993 and 21% below their 2005 level. A shift on the electricity generation mix, with generation from natural gas and renewables displacing coal-fired power, drove the reductions in emissions.
(Adds detail, table)
TOKYO, May 13 (Reuters) - Prices of imported liquefied
natural gas (LNG) spot cargoes in April fell to their lowest
since Japan's trade ministry started publishing figures more
than two years ago, official data showed on Friday.
The average price of arriving LNG cargoes to the world's
biggest importer fell by $1 from a month earlier to $5.80 per
million British thermal units (mmBtu) in April, according to the
TOKYO, May 13 (Reuters) - Prices for liquefied natural gas
(LNG) spot cargoes arriving in Japan in April fell to the lowest
since the trade ministry started publishing figures more than
two years ago, official data showed on Friday.
LONDON, May 12 (Reuters) - Global oil consumption is growing
much faster than most analysts expected at the start of the year
but increases in demand remain very uneven geographically and by
fuel.
SINGAPORE, May 13 (Reuters) - Oil prices dipped in early
trading on Friday as a stronger dollar weighed and Russia warned
that a global crude supply overhang could last into next year.
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