Energy Update
Bearish conditions persist in the Asian coal market, Indonesia expects a dip in coal output, and India is becoming the go-to market for seaborne coal.
(Tue, 23 Jun 2015) Employment in oil and natural gas extraction and support activities in the United States reached nearly 538,000 in October 2014, but then declined by about 35,000 jobs, or 6.5%, over the following six months, through April 2015, according to data from the Bureau of Labor Statistics.
(Tue, 23 Jun 2015) This is the fifth release of U.S. Energy Information Administration data on fuel ethanol production capacity. EIA first reported fuel ethanol production capacities as of January 1, 2011 on November 29, 2011. This new report contains production capacity data for all operating U.S. fuel ethanol production plants as of January 1, 2015.
By Jongwoo Cheon SINGAPORE, June 23 (Reuters) - Emerging markets in North Asia such as South Korea and Taiwan will lean on their strong current account surpluses to counter any ill effect of a U.S. interest rate hike on their currencies, in contrast to their more exposed peers in Southeast Asia.
KUALA LUMPUR, June 23 (Reuters) - Malaysia's Tenaga Nasional Bhd plans to raise as much as 10 billion ringgit ($2.7 billion) in an Islamic bond issue, sources familiar with the matter said - a move that comes after it agreed to buy debt-laden 1MDB's majority stake in a power plant project.
TOKYO, June 23 (Reuters) - Japanese refiner Cosmo Oil Co said on Tuesday a gas pipeline fire at the 220,000 bpd Chiba refinery has been extinguished and the 100,000 barrels-per-day (bpd) No.1 crude distillation unit (CDU) was operating normally.
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