Energy Update

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NEW YORK, Feb 22 (Reuters) - Americans drove 4 percent more miles in December than they did a year earlier, according to data released on Monday by the U.S. Department of Transportation, as falling gasoline prices helped boost driving on a year-over-year basis.

LONDON, Feb 22 (Reuters) - "Short interest" in miners Rio Tinto and Antofagasta have surged to multi-year highs, suggesting that some investors are not convinced about the sustainability of their recent share price rally, analysts said.

CARACAS, Feb 22 (Reuters) - A deal to freeze oil production could help buoy depressed crude prices by $10 to $15 dollars a barrel, according to Venezuela's Oil Minister Eulogio Del Pino, who called on OPEC and non-OPEC countries to join the agreement.

A Chinese firm in 2015 for the first time topped Bloomberg New Energy Finance’s (BNEF) annual ranking of onshore wind turbine manufacturers, BNEF said on Feb. 22.

PARIS, Feb 22 (Reuters) - French utility EDF said in a statement that it had signed a deal with its two main unions to increase the number of days per year its managerial staff in France work.

Feb 22 (Reuters) - Oil markets will begin to rebalance in 2017 thanks to falling U.S. production but that decline will prove short-lived as efficiency gains will push U.S. output to new records by the beginning of the next decade, the International Energy Agency said on Monday.

JOHANNESBURG, Feb 22 (Reuters) - South Africa's President Jacob Zuma will visit Iran on Sunday and Monday to "strengthen bilateral relations between the two countries" the presidency said on Monday without elaborating.

With the US likely to raise the gasoline octane standard to achieve GHG emissions regulations and fuel efficiency targets, ethanol in being touted as the most cost-effective way to meet these..

WILMINGTON, Del., Feb 22 (Reuters) - Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S.

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