Energy Update
LONDON, Oct 18 (Reuters) - Oil priced in sterling is set for
its biggest yearly rise since 1999 and has already pushed UK
fuel prices to their highest since August 2015, even thought
much of the crude that Britain uses comes from UK-based
oilfields.
LONDON, Oct 18 (Reuters) - Britain will make a decision on
airport expansion next week, a spokeswoman for Prime Minister
Theresa May said on Tuesday, after her top team of ministers
held a discussion over the long-delayed ruling.
Oct 18 (Reuters) - SM Energy Co said on Tuesday it
would buy 35,700 net acres in West Texas's Howard and Martin
counties for about $1.6 billion and sell its Williston Basin
assets in North Dakota for $785 million to Oasis Petroleum Inc
.
MOSCOW, Oct 18 (Reuters) - Russian private investment group
United Capital Partners (UCP), which is teaming up with oil
giant Rosneft to buy India's Essar Oil in a $12.9 billion deal,
said it may sell its stake within five years.
One concept over the last few months that seems to have become more prevalent is the idea of baseload power. Politicians seem to mention it at every opportunity when they talk about energy. At the moment it’s being used as a reason why the UK needs more nuclear and other similar types of projects rather than just renewables.
CALGARY, Alberta, Oct 18 (Reuters) - Some five months after
the wildfires that devastated Fort McMurray were extinguished,
anger over red tape and the slow pace of insurance payouts and
permit issuance is flaring in the remote northern Canadian city.
LONDON, Oct 18 (Reuters) - British stocks climbed on
Tuesday, rebounding from a fall in the previous session as
rising mining companies helped outweigh a sharp drop in
Burberry's shares.
SINGAPORE, Oct 18 (Reuters) - Australian thermal coal spot
prices have hit $100 per tonne for the first time since 2012,
with a cargo ordered at that price for delivery from Newcastle
port in November, according to trading platform GLOBALcoal on
Tuesday.
* Australian thermal coal price curve: http://tmsnrt.rs/2ebnznn
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