Energy Update
March 16 (Reuters) - Oil producers including Gulf OPEC members still support holding a meeting next month to discuss a deal to freeze output even without Iran, OPEC sources said, as political pressure to prop up prices increases.
TOKYO, March 16 (Reuters) - Japan's ruling party urged Prime Minister Shinzo Abe's government on Wednesday to consider seeking international arbitration over Beijing's drilling activities in the disputed East China Sea, mirroring similar action by the Philippines.
US refiners are once again calling for a domestic crude benchmark that covers more than the standard specs offered by the existing NYMEX contract.
NEW YORK, March 16 (Reuters) - Last October, as U.S. oil prices seemed to be stabilizing around $45 a barrel, some bullish traders chuckled at the notion of U.S.
(Wed, 16 Mar 2016) For decades, coal has been the dominant energy source for generating electricity in the United States. EIA's Short-Term Energy Outlook is now forecasting that 2016 will be the first year that natural gas-fired generation exceeds coal generation in the United States on an annual basis.
(Wed, 16 Mar 2016) U.S. liquid fuels production increased from 7.43 million barrels per day (b/d) in 2008 to 13.75 million b/d in 2015. However, the Short-Term Energy Outlook (STEO) expects liquid fuels production to decline to 12.99 million b/d in 2017, mainly as a result of prolonged low oil prices.
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