Energy Update

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BERLIN, Nov 11 (Reuters) - Germany's ruling coalition
reached agreement on a flexible climate action plan with CO2
reduction goals for economic sectors, with their impact on jobs
and society to be reviewed in 2018, a government spokesman said
on Friday.

We know that Donald J. Trump has been elected President of the United States, and we know that the Republican Party has won majorities in both the House and Senate. What we do not know are what implications the 2016 election might have for the hydroelectric power industry — or, just as important, what it might mean for the climate change initiatives already set in motion by the Obama administration.

WASHINGTON/BEIJING, Nov 11 (Reuters) - The election of
climate change skeptic Donald Trump as president is likely to
end the U.S. leadership role in the international fight against
global warming and may lead to the emergence of a new and
unlikely champion: China.

* Plans share buyback, seeking acquisitions

(Recasts, adds detail, analyst, output data)

The French government has announced fresh targets for renewable energy capacity to be installed by 2023. The new objectives will serve as trajectories to be used in defining the priorities for the French government in relation to the development of renewable energy on mainland France between 2016 and 2023.

TIRANA, Nov 11 (Reuters) - An explosion at an
Albanian-U.S.-owned refinery in the southern area of Ballsh
overnight killed one person and wounded seven others, causing an
enormous fire that was put out on Friday.

BERLIN, Nov 11 (Reuters) - The German ruling coalition has
reached agreement on a new climate action plan, government
sources said Friday.

It’s no secret that companies use goals to push their businesses in a positive direction. Whether it’s about creating more value or reducing impacts, goals provide focus, direction, and a sense of urgency.

SINGAPORE, Nov 11 (Reuters) - Spot demand from Vietnam and term demand for reformate
from Taiwan supported gasoline margins, traders said.
Potential demand increase from Indonesia ahead of a refinery maintenance in March
could also support fundamentals, they added.
Indonesia's Pertamina will shut its Balikpapan refinery for maintenance and carry out
maintenance on the single point mooring (SPM) system for its Cilacap refinery in March,

Donald Trump’s surprise election victory turned into a bad day for clean energy investors. U.S. solar panel-maker SunPower Corp. had its worst decline in three months on Wednesday, dropping 14 percent to the lowest since the beginning of 2013. 

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