Energy Update
A new, approximately $6-million collaborative project is using a unique climate-simulating laboratory system as part of a new streamlined process to quickly pare down heaps of algae species into just a few that hold the most promise for renewable fuels.
LAUNCESTON, Australia, Jan 16 (Reuters) - There is little
doubt China's crude oil imports enjoyed a robust 2016, hitting a
record high. The question is how long the party can continue?
DAR ES SALAAM, Jan 16 (Reuters) - Tanzania is seeking a loan
of $200 million from the World Bank for debt-ridden state power
supplier TANESCO, the country's energy ministry said on Monday,
two weeks after the president refused to allow the utility to
hike prices to cover costs.
ABU DHABI, Jan 16 (Reuters) - Saudi Arabia will launch in
coming weeks a renewable energy programme that is expected to
involve investment of between $30 billion and $50 billion by
2023, Saudi Energy Minister Khalid al-Falih said on Monday.
DUBAI, Jan 16 (Reuters) - Iran's oil minister said that he
was confident the OPEC and non-OPEC members would commit to the
output cut deal agreed in November, noting that prices of oil
would rise further as a result.
LONDON, Jan 16 (Reuters) - Britain's top share index touched
a fresh record high on Monday in choppy trade after sterling
tumbled to a three-month low on worries that Britain was headed
for a "hard" Brexit from the European Union.
DAVOS, Switzerland, Jan 16 (Reuters) - Companies could
unlock at least $12 trillion in market opportunities by 2030 and
create up to 380 million jobs by implementing a few key
development goals, according to a study by a group including
global business and finance leaders.
Jan 16 (Reuters) - Hong Kong stocks suffered their biggest
one-day fall in a month on Monday, hurt by a slump in mainland
Chinese companies listed in the city and on concerns over the
impact of Britain's exit from the European Union.
Jan 16 (Reuters) - Aggreko Plc, the world's largest
temporary power provider, said it had been awarded extensions on
contracts totalling about 388 megawatts in Argentina, marking a
crucial win to help it meet annual profit targets.
LAUNCESTON, Australia, Jan 16 (Reuters) - There is little
doubt China's crude oil imports enjoyed a robust 2016, hitting a
record high. The question is how long the party can continue?
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