Energy Update
BEIJING, Jan 13 (Reuters) - China's crude oil imports hit a record 7.82 million barrels a day (bpd) in December, customs data showed, as the world's No.2 oil consumer took advantage of low crude prices to fill strategic reserves, but also increased its exports of refined fuels to an all-time high.
(Wed, 13 Jan 2016) The Short-Term Energy Outlook (STEO) released on January 12, which is the first STEO to include projections for 2017, forecasts Brent crude oil prices will average $40 per barrel (b) in 2016 and $50/b in 2017. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent in 2016 and $3/b lower than Brent in 2017
WASHINGTON, Jan 12 (Reuters) - President Barack Obama on Tuesday said he would seek changes in the way U.S. oil and coal resources are managed, prompting a flood of reaction from environmental groups pushing him to do more to limit fossil fuel production - and producers anxious about regulatory changes.
TOKYO, Jan 13 (Reuters) - The price of liquefied natural gas (LNG) spot cargoes arriving in December in Japan, the world's biggest buyer, stood steady at its lowest since the trade ministry started publishing figures nearly two years ago, official data released on Wednesday showed.
SEOUL, Jan 13 (Reuters) - LG Electronics Inc on Wednesday said it will invest 527 billion won ($435.67 million) on new solar panel production facilities in South Korea over the next three years, aiming to triple its capacity by 2020.
NEW YORK, Jan 12 (Reuters) - U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S.
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