Energy Update
LAUNCESTON, Australia, Nov 1 (Reuters) - China's imports of
coal from the seaborne market surged again in October, thereby
justifying the jump in prices but also raising questions as to
how much more of the fuel the world's top buyer can suck in.
SYDNEY, Nov 1 (Reuters) - Glencore said on Tuesday
it would restart a coking coal mine in southeastern Australia
that was shuttered more than two years ago, with a resurgence in
prices for the commodity breathing new life into the sector.
LONDON, Nov 1 (Reuters) - Royal Dutch Shell
reported an 18 percent rise in underlying net profit for the
third quarter on Tuesday, beating analysts' forecasts as it
announced next year's capital spending will be at the bottom of
the expected range.
LONDON, Nov 1 (Reuters) - BP reported a near halving
in third-quarter earnings on Tuesday and trimmed 2016 spending
by another $1 billion as weak prices cut into profits yet the
British oil major still beat analysts' estimates.
CAIRO, Oct 31 (Reuters) - Business is grinding to a
near-halt in Egypt as companies struggle to keep pace with a
rapid slide in the black market value of the pound. Factories
are halting production, shops are running low on stocks and a
sense of panic is spreading.
Nov 1 (Reuters) - The record dealmaking volume for October
did not create a ripple effect lifting U.S. stocks as it has in
the past - partly because the mergers, albeit large, were few
and far between, bankers and analysts said.
(Tue, 01 Nov 2016) On Tuesday, the Cleveland Indians are set to host the Chicago Cubs in game six of the 2016 Major League Baseball World Series. In the 68 years since the last title for the Cleveland Indians, and the 108 years since the last World Series title for the Chicago Cubs, energy production and consumption patterns in the United States have changed a great deal.
Mining or mineral exploration is the mining process of finding ores. Due to the remote locations, power generation for mineral exploration camps is particularly expensive. Typically, power is generated by gensets, and the diesel fuel needs to be transported over long distances by truck or sometimes even by helicopter.
TOKYO - The Bank of Japan held off on expanding stimulus
despite cutting its inflation forecasts and warning of risks to
the price outlook, signalling that it will stand pat unless a
severe shock threatens to derail a fragile economy recovery.
(JAPAN-ECONOMY/BOJ (UPDATE 1), moved, by Leika Kihara, 500
words)
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