Energy Update
BRASILIA, Dec 7 (Reuters) - Brazil's Supreme Court
overturned an injunction that ordered the head of the Senate,
Renan Calheiros, to step down due to an indictment for
embezzlement, voting to allow him to continue in the position
but not in the presidential line of succession.
MOSCOW, Dec 7 (Reuters) - Commodities trader and mining
group Glencore and Qatar's sovereign wealth fund are
together buying a 19.5-percent stake in state-controlled Russian
oil company Rosneft, the Kremlin said on Wednesday.
With the trend of corporate renewable energy power purchasing clearly set by global corporations, it’s no surprise that Google is now claiming it will be fully powered by renewables next year.
WASHINGTON, Dec 7 (Reuters) - U.S. President-elect Donald
Trump plans to appoint Oklahoma Attorney General Scott Pruitt to
lead the Environmental Protection Agency, a Trump transition
team source said on Wednesday.
ABUJA, Dec 7 (Reuters) - Nigeria's oil sales should remain
the sole responsibility of one company rather than be split
between two agencies as a draft of the country's long-awaited
petroleum bill proposes, the head of state oil company NNPC said
on Wednesday.
BRUSSELS, Dec 7 (Reuters) - EU nations agreed on Wednesday
to allow the European Commission to vet their oil and gas deals
with third countries like Russia to guard against
anti-competitive practices and supply disruptions.
BEIJING, Dec 7 (Reuters) - China moved towards opening up
markets such as railway equipment and vehicle batteries on
Wednesday with the publication of draft foreign investment
guidelines which it said would "increase openness to the outside
world".
On Dec. 3, the government of Jordan announced it has raised about US$400 to finance the first phase of the US$10 billion Red Sea-Dead Sea Water Conveyance Project (Red-Dead).
Dec 7 (Reuters) - U.S. crude stockpiles fell last week
despite a hefty build at the Cushing, Oklahoma hub while
gasoline and distillate inventories rose as refining rates
picked up, the U.S. Energy Information Administration said on
Wednesday.
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