Energy Update
Jan 13 (Reuters) - JPMorgan Chase & Co reported a 24
percent rise in fourth-quarter profits on Friday, beating
analyst expectations, as its Wall Street business benefited from
a surge in trading activity following the U.S. election.
LONDON, Jan 13 (Reuters) - Extreme volatility and strong
cyclicality have been the defining characteristics of oil prices
and the industry since the first modern oil well was drilled in
Pennsylvania in 1859.
The price paid for solar power in India at auction is set to fall below last year’s record lows for the South Asia nation, driven by plummeting panel prices, falling interest rates and competition among developers seeking a slice of the country’s renewables market.
The first turbine out of 67 Siemens 6-MW wind turbines was installed on Jan. 7 for the Dudgeon offshore wind farm by the crew of A2SEA’s Sea Challenger vessel.
LONDON, Jan 13 (Reuters) - Russian equity funds rocketed
away from their emerging market peers in 2016, overtaking
Brazilian funds in the second half, whilst on the emerging debt
side it was contrarian bets in beaten down Latin American names
that paid off.
Climate change is a global issue, but if we’re going to correct it, action needs to happen on a local level. National-level initiatives have the potential to sway the habits of a larger audience, but they’re also harder and slower to promote.
PARIS, Jan 13 (Reuters) - EDF is allowed to delay
planned outages at two nuclear reactors involved in a safety
probe to help the French utility meet demand as a cold snap
looms next week, nuclear regulator ASN said on Friday.
Jan 13 (Reuters) - Hong Kong stocks rebounded on Friday to
cap a three-week winning streak, helped by strength in the
energy sector and heavyweight China Vanke Co Ltd
, the mainland's second largest developer.
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