Energy Update
GRAND RAPIDS, Mich., Dec 9 (Reuters) - Exxon Mobil Corp.
chief executive officer Rex Tillerson emerged on Friday as
President-elect Donald Trump's leading candidate for U.S.
secretary of state, a senior transition official said.
WASHINGTON, Dec 9 (Reuters) - The U.S. Senate was preparing
to pass a government spending bill on Friday evening after
Democrats from coal states announced they would not risk a
government shutdown by continuing to delay the vote.
SunPower Corp. is following through with a planned restructuring effort that will reduce its workforce by 25 percent to cut costs after solar prices plunged in an oversupplied market.
U.S. Wind Inc. applied Nov. 30 to the Maryland Public Service Commission for approval to develop a 750-MW wind farm project off the coast of Maryland, and is also seeking offshore renewable energy credits (ORECs) for approximately 248 MW of the project.
NEW YORK, Dec 9 (Reuters) - Credit Suisse on Friday
said it would lower investors' hurdle to redeeming two popular
exchange-traded notes, used to bet on the price of oil, after it
delisted the products in a surprise move this week.
VIENNA, Dec 9 (Reuters) - Saudi Arabia's energy minister
Khalid al-Falih said on Friday he was "very optimistic" about a
meeting between OPEC and non-OPEC producing countries in Vienna
on Saturday.
TORONTO, Dec 9 (Reuters) - Canada's main stock index barely
extended a 19-month high on Friday, jumping 1.7 percent over the
week, as heavyweight energy and bank stocks gained with rising
oil prices and bond yields while mining losses eclipsed broad
gains.
ACCRA, Dec 9 (Reuters) - Ghana's main opposition leader Nana
Akufo-Addo won Wednesday's national election, defeating
President John Mahama, electoral commissioner Charlotte Osei
said on Friday.
WASHINGTON, Dec 9 (Reuters) - U.S.-led coalition planes
destroyed 168 Islamic State oil tanker trucks in Syria, the
coalition said on Friday, in the largest strike of its kind and
the latest instance of what U.S. officials say has been a
successful effort to starve the militant group of revenues.
NEW YORK, Dec 9 (Reuters) - Investors are paying a price for
not finding buyers for popular exchange-traded notes (ETN), used
to bet on oil prices, that delisted from U.S. exchanges this
week.
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