Energy Update

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LONDON, June 26 (Reuters) - The initial consumption stimulus from lower oil prices may be fading, at least in the United States, according to the latest round of official data on traffic volumes and fuel sales.

GENEVA, June 26 (Reuters) - The United Nations envoy for Yemen will go to Kuwait on Saturday and then spend a week each in Riyadh and Sana'a to discuss a draft peace proposal on Yemen "until we reach a preliminary agreement", a U.N. spokesman said on Friday.

** Energy services company Petrofac down c.3 pct, one of the worst performers among UK mid-caps

SYDNEY, June 26 (Reuters) - General Electric Co said it will help fund a $348 million Australian windfarm, the country's third largest, after political leaders ended a deadlock over state subsidies that had stalled the $13 billion industry for over a year.

LONDON, June 26 (Reuters) - One of the three founders of pioneering British online grocery retailer Ocado, which has warehouses but no stores, has taken control of a Silicon Valley-based firm with a similarly unique approach to the exploration for natural resources.

The issue around the attacks on sugar in much of the world’s everyday diet is bringing further headaches to an industry that is already on the verge of a sugar head rush.

(Fri, 26 Jun 2015) As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the United States and Canada, and more recently, Argentina and China. Beyond these four countries, other countries have started exploring and producing hydrocarbons from shale and other tight resources.

(Fri, 26 Jun 2015) As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the United States and Canada, and more recently, Argentina and China. Beyond these four countries, other countries have started exploring and producing hydrocarbons from shale and other tight resources.

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