Energy Update
The Obama administration is forcing refiners to use a record amount of biofuel next year, delivering a victory to Midwest farmers at the expense of oil companies that say they are struggling with the program’s costs.
ISTANBUL, Nov 29 (Reuters) - An offshoot of the outlawed
Kurdistan Workers Party (PKK) on Tuesday claimed responsibility
for a car bomb attack last week that killed two people and
wounded 30 more in the Turkish city of Adana, according to a
statement on its website.
TORONTO, Nov 29 (Reuters) - Canada's main stock index fell
on Tuesday as energy stocks slumped for a third straight session
due to leading oil exporters' struggle to agree on terms of a
planned production cut, while Bank of Nova Scotia
gained after a solid earnings report.
LONDON, Nov 29 (Reuters) - Saudi Arabia is one of the very
few countries which has increased its drilling for new oil and
gas wells since prices began to slump in the middle of 2014.
LONDON, Nov 29 (Reuters) - The vessel needed to start
production at EnQuest's Kraken oil field in the North
Sea sailed away from Singapore on Nov. 23, the company said,
indicating the oil field's start-up schedule remains on track.
MINSK, Nov 29 (Reuters) - French Foreign Minister Jean-Marc
Ayrault said on Tuesday that lifting European Union sanctions on
Russia would weaken efforts to resolve the Ukraine crisis and
hand a victory to Moscow.
LONDON, Nov 29 (Thomson Reuters Foundation) - Solar power
is becoming so cheap so fast that in Abu Dhabi it's now less
costly to produce a unit of energy from the sun than from oil,
leading energy experts said this week.
CHERNOBYL, Ukraine Nov 29 (Reuters) - In the middle of a
vast exclusion zone in northern Ukraine, the world's largest
land-based moving structure has been slid over the Chernobyl
nuclear disaster site to prevent deadly radiation spewing from
the stricken reactor for the next 100 years.
Last year, a record-breaking 147 GW of power globally came from renewable sources. If we’re to continue this trend — especially in the light of the COP21 agreement, and recently concluded COP22 — we need to ensure renewable energy is as reliable and accessible as possible.
LAUNCESTON, Australia, Nov 29 (Reuters) - Saudi Arabia's
problems run far deeper than trying to cobble together a deal
with fellow OPEC members to curb crude oil output in order to
bolster prices.
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