Energy Update
HOUSTON, Oct 28 (Reuters) - Chevron Corp reported a
drop in quarterly profit on Friday that still beat expectations
as cost cuts in the company's U.S. oil production division
helped mitigate some of the impact of low crude prices.
MOSCOW, Oct 28 (Reuters) - The Russian Finance Ministry is
confident that proceeds from the sale of a state stake in
Rosneft will reach the federal budget this year, but
doubts that further privatisation of the firm is needed, Finance
Minister Anton Siluanov said on Friday.
"More details to follow." Those were the first words on the IMO's Twitter page after it imposed a global 0.5% sulfur emission limit on the shipping industry from 2020.
The beautiful island of Kauai, Hawaii, is known for its pristine beaches and dramatic mountain ranges. But Kauai is not just a vacation spot; it is also the location of one of the largest algae biofuel production facilities in the U.S.
The United States is blessed with many energy resources: huge fossil fuels reserves and substantial renewable energy potential, from offshore wind to geothermal power. It’s also a signatory to the Paris Agreement on climate change and has committed to cutting greenhouse gas emissions by 26 to 28 percent compared to 2005 levels by 2025.
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.
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