Energy Update
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.
SYDNEY/WELLINGTON, March 16 (Reuters) - Australian shares edged higher on Wednesday, rebounding slightly from their biggest one-day loss in three weeks in the previous session, drawing support from stronger financial stocks and despite weakness in resources.
SINGAPORE, March 16 (Reuters) - Oil prices rose early on Wednesday after falling in the previous session, with U.S. producers showing increasing signs of financial distress and as focus shifted to U.S. inventory data due later in the day.
SAO PAULO, March 15 (Reuters) - The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry.
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