Energy Update
(Wed, 19 Aug 2015) Amid high uncertainty in the global oil market, EIA has lowered crude oil price forecasts, expecting West Texas Intermediate crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's STEO, respectively.
The use of solar energy in the U.S. is growing, but panels on rooftops are still a rare sight. They cost thousands of dollars, and homeowners don’t recoup costs for years even in the sunniest or best-subsidized locales for at least a few years. But scientists may have a solution. They report today the development of a unique, “green” antenna that could potentially double the efficiencies of certain kinds of solar cells and make them more affordable.
The post “Energy Storage Restart,” which was published last week, discussed the efforts by General Electric (GE: NYSE) to get back into the market for utility-scale energy storage. After some difficulties that required the partial closing of its battery manufacturing plant, GE has got back in the game with new contracts wins. In April 2015, the company won a contract to supply Con Edison Deve
* Prospect of lower U.S.
* Prospect of lower U.S.
SYDNEY, Aug 19 (Reuters) - Australian shares are set to open modestly higher on Wednesday after a fall in the previous session, with attention on a fresh round of earnings results. Woodside Petroleum Ltd, Australia's largest independent oil and gas producer, reported a 40 percent drop in first-half profit, slightly better than feared. Treasury Wine Estates, the world's biggest standalone wine company, swung back to a profit, while property group Stockland Corp will also report earnings.
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