Energy Update
ZURICH, Oct 5 (Reuters) - Switzerland's Falcon Private Bank
is not up for sale, the bank said on Wednesday, knocking down a
media report its new chief executive is under pressure to find a
buyer days into the job.
The intersection of the oil and gas and geothermal industries is one that is rich in unexpected ways, be it in drilling technologies or the new frontier of co-production of both fossil fuels and geothermal power from the same well.
DUBAI, Oct 5 (Reuters) - Top oil exporter Saudi Arabia has
cut the price of flagship crude grade Arab Light to its Asian
customers for November, state oil giant Saudi Aramco said on
Wednesday, tracking weakness in the Dubai benchmark.
LONDON, Oct 5 (Reuters) - The U.S. Defense Logistics Agency
(DLA) said it has a mandate to buy 600 kg of lithium cobalt
oxide (LCO) and 2,160 kg of lithium nickel cobalt aluminium
oxide (NCA) in the fiscal year starting Oct. 1.
MARACAIBO, Venezuela, Oct 5 (Reuters) - For decades, jobs at
Venezuela's state-run oil giant PDVSA were coveted for above
average salaries, generous benefits and cheap credit that
brought home ownership and vacationing abroad within reach for
many workers.
SINGAPORE/LONDON, Oct 5 (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.
TEL AVIV, Oct 5 (Reuters) - They once pulled the strings of
Israel's economy, but now the country's most influential tycoons
are reeling under a popular backlash against corporate power and
selling assets in a regulatory squeeze.
PARIS, Oct 5 (Reuters) - European spot electricity prices
for next-day delivery rose on Wednesday with the French contract
hitting its highest level since January on tight supply concerns
as two unplanned outages were announced overnight.
KUALA LUMPUR, Oct 5 (Reuters) - Prices of palm stearin have
soared to a two-year high on supply shortages, causing
oleochemical manufacturers - who use the ingredient as a
feedstock to make soap - to face tightening margins and slower
demand for their products.
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