Energy Update
May 9 (Reuters) - Singapore shares rose on Monday, snapping
a 10-session losing streak, helped by a rally in U.S. stocks
late last week, while most other Southeast Asian markets
suffered losses.
U.S. stocks bounced back on Friday from early losses to
close higher as investors viewed the day's jobs data as less
disappointing than first thought.
Singapore's Straight Time Index rose slightly in
(Mon, 09 May 2016) After increasing in 2013 and in 2014, energy-related carbon dioxide (CO2) emissions fell in 2015. In 2015, U.S. energy-related carbon dioxide emissions were 12% below the 2005 levels, mostly because of changes in the electric power sector.
NEW YORK, May 9 (Reuters) - Oil producers and refiners
braced on Monday for further supply constraints from the
wildfires that have shut one half of Canada's vast oil sands
capacity and forced BP and other big oil firms to warn they
would not be able to deliver on some contracts.
LAUNCESTON, Australia, May 9 (Reuters) - Saudi Arabia's
decision to hike crude oil prices to Asian customers by the most
in more than a year is both understandable and curious.
NEW YORK/CONKLIN, Alberta, May 8 (Reuters) - The mass
evacuation of residents from the wildfire-devastated Canadian
oil town of Fort McMurray is likely to significantly delay the
restart of production, even though energy facilities themselves
have escaped major damage from the flames.
GREGOIRE LAKE, Alberta, May 8 (Reuters) - Fort McMurray's
160 firefighters worked almost non-stop in the first days of a
massive Canadian wildfire that sent nearly 90,000 fleeing for
safety, even as some of them lost their own homes, fire
officials said on Sunday.
(Adds rise in generation capacity to 23 pct from 18 pct previously)
May 8 (Reuters) - Cogeneration power plants in the fire-ravaged Canadian oil town of Fort McMurray,
Alberta, were operating at about 23 percent of capacity by Sunday afternoon, up from around 18 percent
earlier in the day, as demand for power rose in the region even as a wildfire forced oil sands
producers there to shut their operations.
BEIJING, May 8 (Reuters) - Chinese soybean imports surged 33
percent higher in April from a year ago, setting a monthly
record, amid strong demand for soymeal and soyoil. Iron ore
imports also climbed last month on a recovery in steel
production in the second quarter.
BEIJING, May 8 (Reuters) - China's imports of crude oil rose
7.6 percent in April from a year ago, customs data showed on
Sunday, lifted by continued strong demand from domestic private
refiners.
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