Energy Update
OSLO, Oct 28 (Reuters) - Norway's $870 billion sovereign
wealth fund, the world's largest, has removed the valuation risk
premium it had placed on its British property portfolio
following Britain's vote to leave the EU, it said on Friday when
publishing its full third-quarter results.
Oct 28 (Reuters) - U.S. refiner Phillips 66 reported
a better-than-expected quarterly profit on Friday as cost
cutting helped offset a fall in refining margins, and the
company lowered its full-year capital expenditure estimate by
more than a fifth.
BEIJING, Oct 28 (Reuters) - PetroChina Co Ltd
reported sharply lower profits for the third quarter as weaker
crude prices eroded margins at China's largest oil and gas
producer.
LONDON, Oct 28 (Reuters) - U.S. natural gas prices are
caught in the crossfire between warmer-than-normal weather and a
structurally tightening supply-and-demand balance.
Oct 28 (Reuters) - U.S. refiner Phillips 66 reported
a sharp fall in quarterly profit due to lower refining margins,
and cut its full-year capital expenditure forecast to about $3
billion.
BEIJING, Oct 28 (Reuters) - PetroChina Co Ltd
reported sharply lower profits for the third quarter as weaker
crude prices versus year-ago levels eroded margins at the
country's largest oil and gas producer.
Tesla Motors Inc. is getting ready for one of its biggest unveilings to date: a new home roofing system that redefines the aesthetics of solar power, combined with massive wall-hung batteries to provide electricity into the night. The new products will be unveiled at Universal Studios in Los Angeles on Friday evening.
HOUSTON, Oct 28 (Reuters) - Unpaid debts and broken promises
are making Venezuelan oil giant PDVSA an outcast in several
Caribbean countries where it had been a guest of honor.
OSLO, Oct 28 (Reuters) - Norway's Statkraft, Europe's
biggest hydropower producer, posted a net loss of 1.4 billion
crowns ($169 million) in the third quarter as it took hefty
impairment charges on its assets due to a weak outlook for power
prices.
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