Energy Update
BEIJING, Aug 26 (Reuters) - China's top offshore oil producer CNOOC Ltd said its consolidated first-half net profit fell 56.1 percent, as a precipitous drop in crude prices offset higher production.
JOHANNESBURG, Aug 26 (Reuters) - South Africa's Eskom said on Wednesday it wants compensation from Glencore's mining subsidiary Optimum if it is unable to supply coal to its Hendrina power plant.
JOHANNESBURG/DAKAR, Aug 25 (Reuters) - A fresh U.S. trade pact could provide relief to African economies buffeted by the commodities slump but a failure to reform during the boom years has left many countries unable to profit from tariff-free access to the world's largest market.
Mexico is the top destination for US' gasoline, diesel and LPG. David Henry asks: What about adding a special "wall tax" to Mexico's refined product imports from the US?
(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.
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