Energy Update
LONDON, April 11 (Reuters) - Strong growth in U.S. gasoline consumption has been one of the most important factors supporting oil prices in 2016, but some analysts question whether the official data is overstating the strength of gasoline demand.
(Tue, 12 Apr 2016) Although total U.S. crude oil imports in 2015 continued to be lower than levels reached during the mid-2000s, imports from the United States' top foreign oil supplier—Canada—were the highest on record, according to annual trade data from EIA's <em>Petroleum Supply Monthly</em>. Canada provided 4 out of every 10 barrels of oil imported into the United States in 2015.
SYDNEY/WELLINGTON, April 12 (Reuters) - Australian shares rose more than 0.5 percent on Tuesday as stronger commodity prices and support for financials underpinned the benchmark, rebounding from a five-week low touched last week.
SINGAPORE, April 12 (Reuters) - Oil prices dipped in early Asian trade on Tuesday, but both U.S. and international crude futures held above $40 per barrel ahead of a meeting of major producers to discuss freezing output levels to rein in ballooning oversupply.
Irish company airsynergy’s wind and solar powered off-grid Remote Power Unit (RPU) has become the very first renewable hybrid streetlight to be installed in the Caribbean island country of Grenada.
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