Energy Update

(Wed, 26 Aug 2015) Natural gas production across all major shale regions in EIA's Drilling Productivity Report is projected to decrease for the first time in September. Production from these seven shale regions reached a high in May at 45.6 billion cubic feet per day (Bcf/d) and is expected to decline to 44.9 Bcf/d in September. In each region, production from new wells is not large enough to offset production declines from existing, legacy wells.

MEXICO CITY, Aug 25 (Reuters) - Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator said on Tuesday, in a bid to raise investor interest.

--Clyde Russell is a Reuters columnist.

SYDNEY, Aug 26 (Reuters) - Australian shares are poised for a weak start on Wednesday following a stunning recovery in the previous session, tracking Wall Street which gave up all its early gains to end with losses. Some investors could, however, take solace from China which cut interest rates and lowered the level of reserves banks must hold for the second time in as many months on Tuesday.