Energy Update
(Thu, 06 Oct 2016) During the first six months of 2016, residential customers paid on average 12.4 cents per kilowatthour (kWh), or 0.7% lower than the same period last year. If this trend continues for the rest of 2016, annual average residential electricity prices would decline for the first time since 2002.
BRASILIA, Oct 5 (Reuters) - Brazil's lower chamber of
Congress approved the main points of a bill on Wednesday
removing a requirement that state-led oil company Petrobras be
the sole operator of vast offshore oil reserves in the costly
subsalt layer with a minimum 30 percent stake in their
development.
SAO PAULO, Oct 5 (Reuters) - Brazil's federal police have
requested formal corruption charges against former President
Luiz Inacio Lula da Silva in a case involving contracts obtained
by building and engineering conglomerate Odebrecht in
Angola, a source said on Wednesday.
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.
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