Energy Update
MOSCOW, Sept 28 (Reuters) - Russia's central bank could
resume purchases of foreign currency for the country's reserves
in a scenario where oil prices are at $55 per barrel in 2019,
the bank said in a monetary policy document for 2017-19.
MOSCOW, Sept 28 (Reuters) - Russia's central bank will keep
moderately tight monetary policy in the mid-term with a positive
level of real rates, the bank said in a monetary policy document
for 2017-19.
The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday heard oral arguments in the State of West Virginia v. EPA, the case challenging the legal basis of the Obama Administration’s Clean Power Plan.
MOSCOW, Sept 28 (Reuters) - State-controlled company Russian
Railways is considering issuing a four-year benchmark Eurobond
denominated in U.S. dollars, and pricing of the issue might
happen on Thursday, a financial market source said on Wednesday.
SYDNEY, Sept 28 (Reuters) - Severe storms and thousands of
lightning strikes knocked out power to the entire state of South
Australia on Wednesday, authorities said, leading to port
closures and commuter chaos.
(Wed, 28 Sep 2016) EIA's <em>International Energy Outlook 2016</em> (IEO2016) projects that total global nuclear generation will increase by 73% through 2040, from 2.6 trillion kilowatthours in 2015 to 4.5 trillion kilowatthours in 2040. Countries that are not a part of the Organization for Economic Cooperation and Development (non-OECD countries) account for 86% of this increase, with China alone making up more than 54% of total growth.
When people pay their electric bill to an investor-owned utility such as Minnesota’s Xcel Energy, they are generating energy for themselves, but the profit and wealth accrues to the utility’s investors.
BEIJING, Sept 28 (Reuters) - China's state planner has told
74 major coal mines to increase thermal coal output by another
500,000 tonnes per day to ease supply shortages to the nation's
utilities ahead of the winter, according to two sources briefed
on a meeting on Monday.
ORANJESTAD, Sept 27 (Reuters) - Aruba's parliament late on
Tuesday approved a law that permits the reactivation of the
Caribbean island's 235,000 barrel-per-day refinery, operated by
Citgo Petroleum, the U.S. unit of cash-strapped Venezuelan state
oil company PDVSA.
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