Energy Update

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(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.

MEXICO CITY, Nov 24 (Reuters) - Moody's on Tuesday downgraded Mexican state-oil giant Pemex's foreign and local currency ratings to Baa1 from A3.

* Ministry tells teapot refineries to apply for Q1 export quotas

QUITO, Nov 24 (Reuters) - Ecuador's National Assembly on Tuesday approved the 2016 budget without making any changes to the $29.835 billion proposal put forward by Rafael Correa's government.

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.

For solar, the 2015 per acre rent on public land ranges from $16.50 to $6,897.20, and these rates go up every year.

MANILA, Nov 25 (Reuters) - The Philippines is set to import liquefied natural gas (LNG) for the first time next year as it bids to replace fast-fading local gas supplies, but cheap coal is blowing off course Manila's vow to lift the use of cleaner fuels.<

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