Energy Update
BAGHDAD, Oct 25 (Reuters) - Iraq told a top OPEC official on
Tuesday of its hope that the group could reach a deal to lift
oil prices while preserving its own output level, a spokesman of
the oil ministry said.
Oct 25 (Reuters) - Oilfield services provider Baker Hughes
Inc reported a much smaller-than-expected quarterly loss
as the company's aggressive cost-cutting measures paid off.
Oct 25 (Reuters) - Hedge fund manager D.E. Shaw and Co made
a non-binding proposal to replace SunEdison Inc as
the operating sponsor of the bankrupt solar company's yieldco
Terraform Power Inc, according to a regulatory filing
on Tuesday.
A series of recent reports from the UK calls for commitment and effective policies to support energy storage deployment across the country. In one report — Energy Storage in the UK: An Overview — the Renewable Energy Association (REA) observe that UK energy storage capacity stands at a total of 3.23 GW via some 35 grid-scale storage projects and over 1,500 residential storage systems.
MOSCOW, Oct 25 (Reuters) - Venezuelan Oil Minister Eulogio
Del Pino and Russian Energy Minister Alexander Novak have
discussed coordinating action on the global oil markets,
Russia's Energy Ministry said in a statement.
CAIRO, Oct 25 (Reuters) - Egyptian Oil Minister Tarek El
Molla said on Tuesday there was no confirmation yet on whether
Saudi petroleum supplies to Egypt would resume in November after
being suspended this month.
LONDON, Oct 25 (Reuters) - Britain's top share index climbed
on Tuesday, boosted by basic resources stocks, with Anglo
American leading the market higher after a production
update.
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