Energy Update
BOGOTA, Oct 13 (Reuters) - Colombia's Congress has approved a 215.9 trillion peso ($74.2 billion) budget for 2016, an increase of 2.5 percent but including a cut to investment that the finance minister characterized as belt-tightening.
In 1979, Platts began assessing US Gulf Coast No. 6, 3.0% fuel oil. After months of consultation and discussion, this widely traded benchmark grade will be re-launched, in January 2017, as "USGC HFSO." In this video, Richard Swann and Jamie McDuell outline the reasons behind the change in specifications to the assessment.
State-run Kuwait National Petroleum (KNPC) has awarded $13.2bn contracts for the development of the KWD4.87bn ($16bn) Al-Zour new refinery project (NRP), located 90km south of Kuwait City.
WILLISTON, N.D., Oct 13 (Reuters) - The number of North Dakota oil wells that have been drilled but not fracked rose to an all-time high in August of almost 1,000, as producers delayed bringing them online as long as possible in hopes that crude prices would rebound.
CARACAS, Oct 13 (Reuters) - Venezuelan Oil Minister Eulogio del Pino said on Tuesday that eight non-OPEC countries have been invited to an Oct.
CHICAGO, Oct 13 (Reuters) - No. 3 U.S. railroad CSX Corp said on Tuesday its third-quarter net profit fell slightly, mainly on slumping coal freight volumes, and that "significant coal headwinds" will continue into 2016.
New distributed generation solar power facilities of 5 MW or less likely will play a “lead role” in Green Mountain Power’s compliance with Vermont’s new renewable energy standard, according to Doug Smith, director of power planning for the utility.
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