Energy Update
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.
For the first time ever there are now more than 1 million electric vehicles (EVs) on the world’s roads. Worldwide sales of electric vehicles were up 57 per cent, despite low oil prices. Bloomberg New Energy Finance (BNEF) forecast that electric vehicles will account for 35 per cent of new car sales by 2040.
MOSCOW, Oct 28 (Reuters) - Russian oil major Rosneft
has asked Russia's anti-monopoly body for permission
to purchase up to 100 percent of Bashneft, a company
spokesman said on Friday.
After the Paris Agreement last year, sustainability has been an increasingly common topic of discussion for businesses. Global warming is real, yet people worry that not enough is being done about it.
TOKYO, Oct 28 (Reuters) - Japan's second-biggest steelmaker
JFE Holdings Inc halved its full-year profit forecast
on Friday, blaming the recent surge in prices for coking coal.
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