Energy Update

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April 1 (Reuters) - As oil prices nosedived by two-thirds since 2014, a belief took hold in global energy markets that for prices to recover, many U.S.

April 1 (Reuters) - Drax Group Plc said it expects core profit for 2016 to be towards the top end of market forecasts, after it signed a contract with National Grid Plc to provide services that would help ensure British electricity transmission systems work reliably.

April 1 (Reuters) - Hedge fund Appaloosa LP said on Friday it owned a 10.88 percent stake in TerraForm Power Inc, one of the two publicly listed units of struggling solar company SunEdison Inc.

JAKARTA, April 1(Reuters) - Standard Chartered, struggling to recoup a $1 billion loan extended to one of Indonesia's richest men, has hit fresh trouble after a Jakarta court excluded it from a key creditor list and raised doubts over the validity of the underlying deal.

Cooperation of authorities and potential investors in alternative energy segment in Belarus has had a very low level of efficiency, since over recent years in the country signed investment agreements for numerous projects have reached a total funding of US$ 20 billion, while actual implemented projects have only reached US$ 2 billion, Vladimir Nistsyuk, head of the country’s association for renewable energy, said.

BEIJING, April 1 (Reuters) - China's plan to let the market set corn prices is bad news for international grain exporters, but should boost the country's struggling corn processors that use the grain in products ranging from food additives to paper and textiles.

COPENHAGEN, April 1 (Reuters) - Wind turbine maker Vestas has secured three turbine orders to bring this year's total intake to 1,806 megawatts (MW), the highest ever in a first quarter and continuing a strong trend from 2015.

TOKYO, April 1 (Reuters) - The biggest-ever shake-up of Japan's energy industry hit a glitch on its first day as trading was halted for eight-and-a-half hours on a new electricity product, although overall turnover on the beefed up power exchange surged 60 percent.

April 1 (Reuters) - Power producer Drax Group Plc said it expects to report core profit for 2016 towards the top end of the range of current market forecasts, after signing a year-long contract with National Grid Plc.

(Fri, 01 Apr 2016) Ethane production is expected to increase from 1.1 million barrels per day (b/d) in 2015 to 1.4 million b/d in 2017, accounting for two-thirds of total U.S. hydrocarbon gas liquid (HGL) production growth. Ethane, a key feedstock for petrochemical manufacturing, is recovered from raw natural gas at natural gas processing plants.

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