Energy Update
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.
MILAN, Oct 28 (Reuters) - Italian oil major Eni
stuck to its targets on Friday, despite reporting a
worse-than-expected net loss in the third quarter as a result of
lower oil prices and a domestic production shutdown.
LONDON/JOHANNESBURG, Oct 27 (Reuters) - Shares in Anglo
American are up more than 200 percent this year, like
prices of the coking coal it mines, and yet the group is
sticking to an overhaul accelerated when commodity markets were
rock bottom and it was in deep trouble.
PARIS, Oct 28 (Reuters) - French oil and gas major Total
on Friday reported a better than expected third
quarter net profit thanks to increased output from new projects
and costs savings and despite a fall in refining margins in
Europe and the prolonged downturn in a volatile oil market.
ANKARA, Oct 28 (Reuters) - The flow of Iranian natural gas
to Turkey halted after an explosion hit a gas pipeline in
eastern Turkey, a senior Iranian official told Iran's
semi-official news agency Tasnim on Friday.
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