Energy Update
The solar and renewable energy industries are constantly evolving — and sometimes changing abruptly – and this will continue in the new year that is soon upon us. Here’s what can we expect from 2017:
* European car industry: http://tmsnrt.rs/2fyO3za
CALGARY, Alberta, Dec 8 (Reuters) - Canadian oil producer
Cenovus Energy Inc said on Thursday it planned
to increase its 2017 capital budget by about 24 percent and will
resume work on the expansion of its oil sands project in
Christina Lake.
WASHINGTON, Dec 8 (Reuters) - A group of 12 Republican and
15 Democratic U.S. senators signed a letter sent to
President-elect Donald Trump on Thursday urging him to take a
tough line against Russia over what they termed its "military
land grab" in Ukraine.
Dec 8 (Reuters) - Abdalla Salem El-Badri, who stepped aside
as OPEC Secretary General in August, said Thursday at a
conference a crude oil production cut of about 600,000 barrels
per day from non-OPEC members is a "must".
NEW YORK, Dec 8 (Reuters) - Oil traders who bought U.S.
crude call options before OPEC's agreement last week to cut
output did not get the windfall they were expecting as the rally
in those options fell short of crude's massive surge.
ACCRA, Dec 8 (Reuters) - Ghana's main opposition leader Nana
Akufo-Addo said on Thursday he was "quietly confident" of
victory, one day after elections, and added that his New
Patriotic Party had gained 49 seats in parliament to take a
majority.
LONDON, Dec 8 (Reuters) - Glencore's decision to
acquire a stake in Russian state oil giant Rosneft is
not financially risky, Moody's credit ratings agency said, and
does not mark any shift from the miner-trader's new policy of
limiting its debt levels.
LONDON, Dec 8 (Reuters) - Britain said on Thursday it would
respond strongly to the European Union's decision to initiate
legal action against it and six other countries for failing to
police emissions test cheating by carmakers after the Volkswagen
scandal.
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