Energy Update
Jan 10 (Reuters) - Australian shares are likely to open
lower on Tuesday, snapping five days of gains, with oil and gas
producers likely to come under pressure following a 4 percent
drop in oil prices.
Oil prices fell on Monday on fears that record Iraqi crude
exports and growing U.S. output could undermine OPEC's efforts
to reduce supply.
The local share price index futures fell 0.4
As 2017 begins, China is poised to leap ahead of the U.S. on clean energy to become the most important player in the global market. Last year, China increased its foreign investment in renewables by 60 percent to reach a record $32 billion...
Recent criticism of secrecy and alleged manipulation in biofuel credit trading, delivered by a top adviser to President-elect Donald Trump, is striking a chord among ethanol and other renewable fuel producers.
WASHINGTON, Jan 9 (Reuters) - A U.S. Navy destroyer fired
three warning shots at four Iranian fast-attack vessels near the
Strait of Hormuz after they closed in at high speed and
disregarded repeated requests to slow down, U.S. officials said
on Monday.
Every year I gaze into my solar crystal ball and make ten educated guesses about the rooftop solar industry. Last year I was pretty lucky, getting 9 out of 10 right.
CARACAS, Jan 9 (Reuters) - Recession-hit Venezuela's imports
plunged by more than half to nearly $18 billion in 2016,
President Nicolas Maduro said on Monday, as the nation
prioritized foreign debt payments despite chronic product
shortages.
HAVANA, Jan 9 (Reuters) - Cuba and the United States agreed
on Monday to jointly prevent, contain and clean up oil and other
toxic spills in the Gulf of Mexico, as they rush to conclude
deals before President-elect Donald Trump takes office.
* Banks underperform, following European trend
Jan 9 (Reuters) - Entergy Corp's Indian Point
nuclear power plant in New York state will shut down by April
2021, Governor Andrew Cuomo announced on Monday, due primarily
to its proximity to the heavily populated New York City area.
HOUSTON, Jan 9 (Reuters) - The U.S. Department of Energy on
Monday issued a Notice of Sale for crude from its Strategic
Petroleum Reserves, with bids for 8 million barrels of light,
sweet oil due by Jan. 17.
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