Energy Update
MANILA/LONDON, Nov 25 (Reuters) - Premiums for iron ore pellets - the highest-quality steelmaking raw material - have sunk this month despite the loss of a fifth of global supplies after a Brazil mine disaster, underscoring the industry's deep glut.
Platts senior editor for coal Michael Cooper looks at how Newcastle prices came to this bearish position, the bright spots for the market and the commodity price theory that might give a clue on where Newcastle thermal coal could be heading.
(Wed, 25 Nov 2015) U.S. retail regular-grade gasoline prices continue to decline, averaging $2.09 per gallon as of November 23, 73 cents lower than this time last year and the lowest heading into a Thanksgiving holiday weekend since 2008.
(Wed, 25 Nov 2015) Venezuela contains some of the largest oil and natural gas proved reserves in the world and consistently ranks as one of the world?s top suppliers of crude oil to the United States. As a founding member of the Organization of the Petroleum Exporting Countries (OPEC), Venezuela is an important player in the global oil market. Although oil production has declined since its peak in the late 1990s, Venezuela has been among the largest oil exporters in the world.
NEW YORK, Nov 24 (Reuters) - The U.S. Environmental Protection Agency (EPA) is widely expected to increase requirements for biofuels use through 2016 due to higher total fuel demand, when it publishes a final Renewable Fuel Standard (RFS) rule in the coming days, sources said.
Growth in solar microgrids — and all forms of distributed solar — is accelerating. So much so that utilities better jump into the market now or risk watching it pass them by.
Nov 24 (Reuters) - Canada's most populous province, Ontario, said on Tuesday it would aim to cut greenhouse gas emissions by 80 percent from 1990 levels by 2050, although it offered only hints of how it hopes to slow climate change.
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