Energy Update
HAVANA, Feb 4 (Thomson Reuters Foundation) - Sitting beside a decaying Soviet-built housing complex on the outskirts of Havana, the Rotondo de Cojima farm grows several thousand kilos a month of carrots, lettuce and root vegetables, part of Cuba's drive to feed its people through organic farming.
(Thu, 04 Feb 2016) Several factors have played a part in pushing U.S. crude oil prices below $30 per barrel, including high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and nonenergy commodity markets, and the potential for additional crude oil supply to enter the market. Crude oil and petroleum product inventories, both domestically and internationally, have been growing since mid-2014 and are above five-year averages for this date.
LAUNCESTON, Australia, Feb 4 (Reuters) - - The new entrants to China's crude market will not only boost the amount of oil imported, but are also likely to affect the supply sources and method of delivery.
CALGARY, Alberta, Feb 3 (Reuters) - Suncor Energy Inc , Canada's largest oil and gas company, reported a fourth-quarter operating loss and cut 2016 capital spending plans on Wednesday because of the collapse in global crude prices.
Biosynthetic Technologies has received approval from the US Department of Agriculture (USDA) on its Phase One application for a loan guarantee under the USDA’s Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program (the 9003 Program).
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