Archive for December, 2016
Top 3 American oil and gas stories of 2016, a peek at the New Year
2017 should see more stable prices, beginning of US shale revival As a year draws to its close, journalists like to look back and talk about what they got right, skip over what they got wrong, and blather about what they think will happen in the coming 12 months. I’m no different. Especially since my 2016 […]
China unveils green vehicle subsidy caps; increases technical requirements
Green vehicle subsidy caps target fast charging vehicles BEIJING, Dec 30 (Reuters) – China will cap subsidies and increase technical requirements for green energy vehicles starting next year in the wake of a subsidy cheating scandal, according to documents posted on the Ministry of Finance website on Thursday. The measures include a new formula for calculating […]
Kathleen Kenealy, climate change attorney, named acting California Attorney General
Current California attorney general elected to US Senate By Dan Levine SAN FRANCISCO, Dec 29 (Reuters) – A lawyer with deep experience fighting climate change will lead California’s Department of Justice until the next attorney general takes office, as the state and several others vow to combat global warming despite skepticism from President-elect Donald Trump. […]
U.S. oil rig count recovers to end 2016 near year-ago levels
Baker Hughes rig count Dec 30 (Reuters) – The U.S. oil rig count ended 2016 just below year-ago levels as drillers added rigs this week as part of the biggest recovery since a global oil glut crushed the market over two years. Drillers added two oil rigs in the week to Dec. 30, bringing the total […]
Mexican gasoline prices increase seen boosting sales of more efficient cars
Mexican gasoline prices to rise by up to 20.1 per cent in January By Natalie Schachar and Joanna Zuckerman Bernstein MEXICO CITY, Dec 29 (Reuters) – An imminent jump in Mexican gasoline prices should not reduce auto sales in the near term but will ultimately boost the market for more fuel-efficient cars, a leading Mexican […]
Chinese coal output, demand to rise even as excess under fire
Chinese coal mining cuts target smaller mines BEIJING, Dec 30 (Reuters) – Chinese coal output and demand are expected to increase by 2020 even as it aims to cut 800 million tonnes of outdated capacity as the world’s largest consumer of the fuel ramps up years-long efforts to tackle smog and make its manufacturing sector […]
Vestas’ strong 2016 finish offsets worry over Trump’s US energy policy
Under Trump, US energy policy could favor conventional fossil fuels By Teis Jensen COPENHAGEN, Dec 30 (Reuters) – A spate of last-minute orders from the United States has put Danish wind turbine maker Vestas on track for its highest contract intake in six years and eased some investors’ concerns over US energy policy under the incoming […]
Oil prices down, but set for biggest yearly gain since 2009
Reuters poll shows oil prices rising to $60/barrel by end of 2017 By Ethan Lou Dec 30 (Reuters) – Oil prices settled slightly lower on Friday, the year’s last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed […]
Increasing renewable energy focus to fuel heat pump market,10% growth projection
Mexico, Canada, and China rely heavily on US’s supply of fabricated metals products The reports highlight the major market trends, drivers, challenges and several other factors that are expected to change market dynamics during the forecast period. The market research analysis identifies the increase in the power-to-weight ratio of aeroderivative gas turbines as one of […]
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