Energy Update
LONDON, Nov 16 (Reuters) - The International Energy Agency
expects global oil consumption to peak no sooner than 2040,
leaving its long-term forecasts for supply and demand unchanged
despite the 2015 Paris Climate Change Agreement entering into
force.
LONDON, Nov 16 (Reuters) - A radical shift in the energy
sector, cutting emissions to zero by around 2040, is needed to
limit the global rise in temperature at 1.5 degrees Celsius (2.7
Fahrenheit) the International Energy Agency (IEA) said on
Wednesday.
LONDON, Nov 16 (Reuters) - Rolls-Royce, the British
jet engine maker recovering from a string of profit warnings,
said it would deliver annual cost savings at the top end of its
target to help it cope with mixed market demand.
Nov 16 (Reuters) - Temporary power provider Aggreko Plc
said it was reviewing the carrying value of its
specialist equipment business as further weakness in the North
American oil and gas market weighed on quarterly underlying
revenue.
LONDON, Nov 16 (Reuters) - Rolls-Royce, the British
jet engine maker, said it would deliver costs savings at the top
end of its 150 million pounds ($187 million) to 200 million
pounds target as it restructures to become more efficient.
MOSCOW, Nov 16 (Reuters) - Other suspects may appear in a
criminal case in which investigators have charged Russia's
former economy minister Alexei Ulyukayev with extorting a $2
million bribe, unnamed sources told Russian news agencies on
Wednesday.
SHANGHAI, Nov 16 (Reuters) - Privately owned Hartree Capital
is setting up a commodities trading joint venture in China with
Wanxiang Resources, owned by the world's largest auto parts
maker, as it pushes to expand into the country's mammoth markets
for industrial materials, a person familiar with the matter
said.
Mexico’s emerging ethanol industry has been a hot topic for US ethanol producers and exporters over 2016, as draft legislation in the country put it front and center in a growing discussion about global ethanol markets.
(Wed, 16 Nov 2016) Working natural gas in storage reached a record high of 4,017 billion cubic feet (Bcf) as of November 4, according to EIAâs latest Weekly Natural Gas Storage Report. Inventories have been relatively high throughout the year, surpassing previous five-year highs in 48 of the past 52 weeks.
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