Energy Update
LONDON, Oct 10 (Reuters) - The head of energy trader Vitol
who helped fund the unsuccessful campaign to keep Britain in the
European Union said on Monday the pound's demise since the
Brexit vote has helped to lower costs for his London offices.
LONDON, Oct 10 (Reuters) - Saudi Arabia successfully
confounded hedge funds with bearish views on oil by reaching an
unexpected production deal with OPEC members in Algiers on Sept.
28, sending prices soaring in a short-covering rally.
First Nations tribes in Canada and the US have started flexing their muscles, successfully delaying pipeline projects on both sides of the border.
SOFIA, Oct 10 (Reuters) - Bulgaria's anti-monopoly
commission on Monday accused six oil companies operating on its
retail fuel market of involvement in cartel agreements on fuel
prices.
SOFIA, Oct 10 (Reuters) - Bulgaria's anti-monopoly
commission said on Monday six oil companies operating on the
retail fuel market in the Balkan country had been involved in
cartel agreements on fuel prices.
TRIPOLI, Oct 10 (Reuters) - Libyan pro-government forces are
advancing into the last area controlled by Islamic State in the
coastal city of Sirte, surrounding the militants after a
five-month campaign backed by U.S. air strikes, military
officials say.
FRANKFURT, Oct 10 (Reuters) - European power prices for
day-ahead delivery on Monday traded at their highest levels
since January as demand increased due to colder weather, but
they were below new spot price highs hit late last week.
Oct 10 (Reuters) - British business and public services
outsourcing group Mitie announced the replacement of
Chief Executive Ruby McGregor-Smith on Monday, three weeks
after a profit warning that sent its shares down by over 28
percent.
LONDON, Oct 10 (Reuters) - Global clean energy investment
fell to its lowest quarterly level since 2013 between July and
September due to a lull in offshore wind financing in Europe and
a slowdown in project financing in China and Japan, research
showed on Monday.
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