Energy Update
MANAMA, Dec 10 (Reuters) - Egypt's Foreign Minister Sameh
Shukri on Saturday hailed a "special relationship" with Saudi
Arabia, denying reports that the two powerful Arab nations had
fallen out after Egypt expressed support for the Russian
intervention in Syria.
BEIRUT, Dec 10 (Reuters) - The Syrian army said it has sent
reinforcements to Palmyra, where Islamic State fighters have
advanced to its outskirts in some of the heaviest fighting since
the group lost the historic city earlier this year.
VIENNA, Dec 10 (Reuters) - OPEC Secretary-General Mohammed
Barkindo said he saw a total of 12 non-OPEC countries signing a
declaration with OPEC to help curtail oil output and prop up
prices in the first such move since 2001.
OTTAWA, Dec 9 (Reuters) - The Canadian government on Friday
reached a deal with eight of the 10 provinces to introduce a
landmark national carbon price, which Prime Minister Justin
Trudeau says will help Canada meet its international climate
change obligations.
GRAND RAPIDS, Mich., Dec 9 (Reuters) - Exxon Mobil Corp
Chief Executive Rex Tillerson emerged on Friday as
President-elect Donald Trump's leading candidate for U.S.
secretary of state, a senior transition official said.
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.
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