Energy Update
SINGAPORE/LONDON, Oct 6 (Reuters) - Talk of coal's demise is
proving premature, with prices soaring from 10-year lows this
year and further rises on the cards into 2017 as the "dirty"
fuel continues to be very much in demand for power generation.
OTTAWA, Oct 5 (Reuters) - Canada's Parliament on Wednesday
ratified the Paris agreement to curb climate-warming emissions,
bolstering Prime Minister Justin Trudeau's bid to tackle climate
change after a decade of inaction by the previous government.
NEW YORK, Oct 5 (Reuters) - A federal judge on Wednesday
dismissed nationwide litigation by aluminum purchasers who
accused banks and commodity companies of conspiring to drive up
prices for the metal by reducing supply, forcing them to
overpay.
Oct 5 (Reuters) - U.S. natural gas producer Chesapeake
Energy Corp closed a private placement of $1.25 billion
of debt on Wednesday, shoring up capital for debt repayment 10
months after it said it had no plans to file for bankruptcy.
NEW YORK, Oct 5 (Reuters) - A federal judge on Wednesday
dismissed nationwide litigation by aluminum purchasers who
accused banks and commodity companies of conspiring to drive up
the metal's prices by reducing supply, forcing them to overpay.
Construction resumed Oct. 4 on tunnel works after a brief work stoppage that began on Sept. 28 at the 20-MW Lower Modi Khola run-of-river hydropower facility.
ALGIERS, Oct 5 (Reuters) - OPEC and non-OPEC oil producers
plan an informal meeting in Istanbul Oct. 8-13 to discuss how to
implement a production deal OPEC members reached in Algiers last
month, Algerian Energy Minister Nouredine Bouterfa has told
local Ennahar TV.
WASHINGTON, Oct 5 (Reuters) - Three federal appeals judges
in Washington, D.C., heard arguments on Wednesday over whether
to stop work on a crude oil pipeline in parts of North Dakota
where the Standing Rock Sioux and other tribes say the project
will desecrate sacred land.
Oct 5 (Reuters) - Goldman Sachs Group Inc on
Wednesday became the ninth investment bank in the past month
whose analysts have cut forecasts for Wells Fargo & Co,
citing regulatory and legal issues in the wake of its scandal
over fake accounts.
The United Nations Economic Commission for Europe (UNECE) Committee on Sustainable Energy recently approved a global standard for reporting geothermal resources.
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