Energy Update
On Jan. 20, WTI and Dated Brent closed at $26.54/b and 25.96/b, respectively, the lowest prices seen since 2003. Since then we have seen prices rise and hover around the $30/b level.
(Tue, 02 Feb 2016) Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook. Much of the growth comes from new installations of wind and solar plants and increases in hydroelectric generation after a relatively dry 2015.
NEW YORK, Feb 1 (Reuters) - U.S. Republican presidential candidate Ted Cruz's victory on Monday in corn-rich Iowa could represent a major blow to the nation's controversial biofuels program, reflecting its waning influence over politicians even in the U.S. farm heartland.
LONDON, Feb 1 (Reuters) - The U.S. economy eked out anaemic growth in the final three months of 2015, and the struggling performance of the oil and gas sector was a major contributor to the slowdown.
SAO PAULO, Feb 1 (Reuters) - An overwhelming majority of Brazilians want an investigation into a sprawling kickback scheme at state-controlled oil producer Petrobras to continue despite concern it is hurting the nation's ailing economy, according to a poll released on Monday.
Feb 1 (Reuters) - Anadarko Petroleum Corp on Monday reported a larger quarterly loss but smaller than Wall Street expected and the U.S. oil company said it expects to slash capital spending about 50 percent this year to conserve cash.
NEW YORK/SAN JUAN, Feb 1 (Reuters) - Puerto Rico asked its creditors to take a huge "haircut" that would slash its total outstanding debt by about $23 billion in the opening salvo to resolve a crippling debt crisis, but creditors reacted with frustration, calling the offer "not credible," "not serious" and a "trial balloon."
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