Energy Update
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.
ZURICH, Oct 7 (Reuters) - The Red Cross has launched an
emergency appeal to provide immediate relief to 50,000 Haitians
in the aftermath of the strongest hurricane to hit the Caribbean
since 2007.
PARIS, Oct 7 (Reuters) - Total has agreed to sell
its speciality chemicals business Atotech to private equity firm
Carlyle Group for $3.2 billion, part of a $10 billion asset sale
programme the French oil firm hopes to complete by the end of
2017.
LONDON, Oct 7 (Reuters) - Britain's top shares index
advanced early on Friday to trade near a record high, with
concerns about a further fall in the sterling after a plunge to
a 31-year low seen as helping internationally-exposed stocks.
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