Energy Update
LAUNCESTON, Australia, Feb 29 (Reuters) - - In theory these should be great days for the liquefied natural gas (LNG) industry as new plants are commissioned to supply the clean-burning fuel to energy hungry markets across rapidly developing Asia.
NEW YORK, Feb 29 (Reuters) - For leading U.S.
RIO DE JANEIRO, Feb 29 (Reuters) - Brazil's Justice Minister Jose Eduardo Cardoso plans to resign, fed up with rising attacks from his Workers' Party over a police probe into the activities of former Brazilian President Luiz Inacio Lula da Silva, two Brazilian newspapers reported Sunday.
Offshore oil exploration in Australia's most prospective frontier basin could be heading the way of onshore gas development in the country’s southeast: straight into an environmental roadblock.
(Mon, 29 Feb 2016) Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States. Crude oil production in Iraq, including fields in the Kurdistan Region of northern Iraq, averaged 4.0 million barrels per day (b/d) in 2015, almost 700,000 b/d above the 2014 level. Iraq is the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) and accounted for about 75% of total OPEC production growth in 2015.
BEIJING, Feb 29 (Reuters) - China expects to lay off 1.8 million workers in the coal and steel sectors as part of its efforts to reduce industrial overcapacity, an official at the human resources and social security ministry said on Monday.
* Short positions in crude at 2016 lows: http://tmsnrt.rs/1QFA03W
* Freight transportation services index: http://tmsnrt.rs/1n1dNpn
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