Energy Update
The U.S. solar industry expects to install a record-breaking number of solar panels in 2016, a 94 percent increase from last year. In fact, the U.S. is now producing more solar panel systems than natural gas power plants. But although the demand for solar panels is growing and the installation price is dropping, urban legends still remain.
MOSCOW, Oct 7 (Reuters) - Azerbaijan's Energy Ministry said
on Friday a meeting between members and non-members of oil
cartel OPEC would take place in Istanbul on Oct. 12, Russia's
RIA news agency reported.
CAIRO/SINGAPORE Oct 7 (Reuters) - Egypt has not received
October allocations of petroleum aid from Saudi Arabia, traders
told Reuters, forcing its state oil buyer to rapidly increase
tenders even amid a severe dollar shortage and growing arrears
to oil producers.
The transformation of North American power markets from the coal-fired past to a renewable future is well underway. For power utilities, independent power producers (IPP) and traders, this new-age energy market — reliant on renewables for baseload power generation — presents challenges that have to be addressed quickly in order to operate profitably.
PORT-AU-PRINCE, Oct 7 (Reuters) - The number of people
killed by Hurricane Matthew in Haiti rose to at least 572 on
Friday, according to a Reuters tally, as information trickled in
from remote areas that were cut off by the storm, officials
said.
PARIS, Oct 7 (Reuters) - France's plan to introduce a carbon
floor price mechanism will involve either charging coal-fired
power plants a flat rate for emissions or imposing a flat tax on
power facilities, according to an official document seen by
Reuters.
NEW YORK, Oct 7 (Reuters) - OPEC is back in the business of
determining oil prices as Saudi Arabia works with Russia and
archrival Iran to achieve output cuts, and only "a brave person"
bets against this, closely followed oil bull Andy Hall says in
his latest investor letter.
Oct 7 (Reuters) - Subsidiaries of U.S. oil company
ConocoPhillips have sued Venezuelan state oil company PDVSA in a
Delaware court, according to a court filing, accusing it of
fraudulent operations involving its U.S. subsidiary Citgo.
NEW DELHI, Oct 7 (Reuters) - India said on Friday it will
consider re-auctioning mobile phone spectrum that remained
unsold in a sale this week when the financial situation of its
telecoms companies improves.
MOSCOW, Oct 7 (Reuters) - Russia's top oil producer Rosneft
will not sell foreign currency to buy a controlling
stake in mid-sized oil company Bashneft and already
has sufficient funds for the deal, Russia's Interfax news agency
reported on Friday.
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