Energy Update
(Thu, 28 Apr 2016) Iraq is OPEC?s second-largest crude oil producer and holds the fifth-largest proved crude oil reserves in the world. In 2015, Iraq?s production increased by almost 700,000 b/d compared with the production level in 2014, representing the largest year-over-year increase since Iraq?s production recovery in 2004, following the start of the Iraq war.
SINGAPORE, April 28 (Reuters) - Crude futures pulled back
from 2016 highs early on Thursday as traders locked in profits
after April's sharp rally, but analysts said falling U.S.
production and strong investor appetite could push prices
higher.
LONDON, April 27 (Reuters) - "King Abdulaziz and the men who
worked with him for the establishment of the state did not
depend on oil and they established the kingdom without oil, and
they ran this state without oil, and they lived in this state
without oil," Saudi Deputy Crown Prince Mohammed bin Salman said
in an televised interview on Monday.
BEIJING, April 28 (Reuters) - Dalian Commodity Exchange's
recent series of new rules on trading are aimed at curbing
speculation and cutting market risks, the Chinese exchange said
in a statement.
April 27 (Reuters) - Canadian oil and gas producer Suncor
Energy Inc said on Wednesday it has agreed to pay about
C$937 million to acquire an additional 5 percent stake in its
Syncrude oil sands joint venture from Murphy Oil Corp's
Canadian unit.
April 27 (Reuters) - Canadian oil and gas producer Suncor
Energy Inc said on Wednesday it has agreed to acquire an
additional 5 percent stake in Syncrude for about C$937 million.
April 27 (Reuters) - Pacific Exploration & Production Corp
said an Ontario court approved a $500 million
debtor-in-possession financing facility for the Canadian company
and its units, hours after it filed for creditor protection.
CALGARY, Alberta, April 27 (Reuters) - Cenovus Energy
is looking into building a diluent recovery unit at its
Bruderheim crude-by-rail terminal near Edmonton, Alberta, which
would allow the company to ship raw bitumen in tank cars and
save on condensate costs.
By now most renewable energy stakeholders and enthusiasts have heard the woes that have begotten SunEdison. On April 22, the company filed for bankruptcy after a long spending spree that was reportedly fueled by dept. In this video I talk to introduce Paula Mints, veteran solar analyst who had been predicting that SunEdison would be forced into bankruptcy since 2015 to hear her take on the situation.
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