Energy Update
It‘s hard to imagine metallurgical coal exerting much influence on other commodity markets. But when the price of a commodity quadruples in slightly over 10 months, its clout amplifies.
LONDON, Nov 8 (Reuters) - A green investment that for the
first time channels private money into protecting forests has
raised twice as much planned, its issuers said on Tuesday.
The World Bank has approved nearly $300 million in funding that will support expansion of geothermal development in Turkey.
Nov 8 (Reuters) - The U.S. Energy Information Administration
on Tuesday projected year-over-year dry natural gas production
in 2016 would fall for the first time since 2005 as low energy
prices reduced drilling activity.
Australian National University is mapping potential short-term off-river pumped hydro energy storage sites in the country to determine how this technology can support high levels of renewable energy in the grid.
Nov 8 (Reuters) - The U.S. Energy Information Administration
expects U.S. crude oil production for 2016 and 2017 to fall by
less than previously expected, according to its monthly short
term energy outlook released on Tuesday.
ZURICH, Nov 8 (Reuters) - A long-awaited deal for miner
Anglo American to sell its Australian coal assets to a
consortium headed by private equity group Apollo Global
Management is off, two sources with knowledge of the
matter said on Tuesday.
MOSCOW, Nov 8 (Reuters) - Italian banks, including Intesa
Sanpaolo, will provide Russia's Yamal LNG project with
more than 400 million euros ($440 million) in 2017, the RIA
news agency cited Russian Economy Minister Alexei Ulyukayev as
saying on Tuesday.
($1 = 0.9050 euros)
BRUSSELS, Nov 8 (Reuters) - A new, profit-based tax regime
for the Russian oil industry is critical to support the use of
modern, high-cost technologies and maintain oil production,
Leonid Fedun, a vice president at oil producer Lukoil
, said on Tuesday.
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