Energy Update
Herman Wang looks at how the resilience of shale and the proliferation of US oil production has pushed the US into a new role as the world's swing producer.
NEW YORK, Sept 14 (Reuters) - In shale strongholds of North Dakota and Texas, physical crude grades are trading at the highest premiums to futures prices in years, offering a glimmer of hope that a pickup in global oil markets might follow.
(Mon, 14 Sep 2015) Growth in solar photovoltaic (PV) module production has slowed in recent years to 4% annually from 2011 to 2013 after increasing by an average of 78% from 2006 to 2011. In addition, the gap between global PV module manufacturing capability and production has grown, leading to lower utilization rates of manufacturing facilities.
BEIJING, Sept 14 (Reuters) - Chinese state-owned energy giant Sinopec Group will sell off most of its hotels by the end of 2017 and get rid of more than 4,000 company cars as part of efforts to root out corruption and waste, it said on Monday.
BOGOTA, Sept 13 (Reuters) - Colombia's government will formally protest and seek an explanation from Venezuela after detecting two military airplanes that flew into its airspace late on Saturday, President Juan Manuel Santos said.
SINGAPORE, Sept 14 (Reuters) - Oil markets were fairly stable in early Asian trading on Monday, with U.S. crude contracts receiving support from reduced American drilling, although falling global car sales weighed on international markets.
SYDNEY, Sept 14 (Reuters) - Australian shares are likely to edge up on Monday tracking Wall Street, although sentiment is likely to be cautious as investors look for direction ahead of the U.S. Federal Reserve meeting this week. The local share price index futures rose 0.5 percent to 5,093.0, a 21.9-point premium to the underlying S&P/ASX 200 index close. The benchmark finished 0.5 percent lower in see-saw trading on Friday.
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