Energy Update
On Oct. 23-26 the algae industry gathered in Phoenix, Ariz., for the Algae Biomass Summit, its annual get together. Gone are the glory days of algae biofuels capturing headlines and promising to save the world from climate change.
MILAN, Nov 7 (Reuters) - Italian oil refiner Saras
has paid 160 million euros ($177 million) of the debt it owes
Iran for crude oil bought before sanctions were imposed and its
chief financial officer said the total debt to Tehran will be
cleared next year.
ALGIERS, Nov 7 (Reuters) - Algerian President Abdelaziz
Bouteflika, who has been seen only occasionally in public since
suffering a stroke in 2013, left on Monday for a periodic
medical checkup in France, the presidency said in a statement
carried by APS state media.
MOSCOW, Nov 7 (Reuters) - Russia will sell a state stake in
oil giant Rosneft using the firm's share price as of
Oct. 11, when it stood at 748.3 billion roubles ($11.75
billion), Economy Minister Alexei Ulyukayev said on Monday.
LONDON, Nov 7 (Reuters) - The value of merger and
acquisition deals between UK companies has plunged 62 percent to
a 30 year-low since the country's vote to leave the European
Union, according to Thomson Reuters data, in a sign of the
uncertainty gripping businesses.
CAPE TOWN, Nov 7 (Reuters) - Somalia looks more likely to
strike oil than gas in its long pursuit of offshore riches,
making it easier for the African state to exploit any windfall
but also potentially upsetting the fragile recovery led by its
Western-backed government.
NEW YORK, Nov 7 (Reuters) - A deal struck in 2012 to save
the U.S. East Coast's oldest and largest refinery seemed to have
all of the right elements for success: private investors, big
oil and taxpayer funding, and the promise of a private-public
partnership that would help job growth and consumers.
Election day in the United States is tomorrow, and we’re taking a closer look at how oil prices change right after a new American president is chosen.
LONDON, Nov 7 (Reuters) - UK shares rose on Monday as mining
stocks rallied after the FBI cleared Hillary Clinton in an email
review, giving underlying commodities a boost, while banks were
led higher by a jump in HSBC shares after it reported results.
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