Energy Update
RIO DE JANEIRO, Sept 26 (Reuters) - Brazilian police on
Monday arrested Antonio Palocci, a former finance minister and
presidential chief of staff in recent leftist Workers Party
governments, in the latest phase of a sweeping anti-corruption
probe, prosecutors said in a statement.
Sept 26 (Reuters) - Pipeline operator Williams Cos Inc
said on Monday it added two new directors to its board,
prompting activist investor Corvex Management LP to withdraw
plans to replace the company's entire board.
By directly sourcing renewable energy, more and more companies are reducing energy costs and energy price volatility while achieving their sustainability and climate change goals. However, many potential renewable energy buyers are worried about the risks associated with committing to a long-term power purchase agreement.
JERUSALEM, Sept 26 (Reuters) - Backers of Israel's massive
Leviathan natural gas field signed a $10 billion deal on Monday
to supply 1.6 trillion feet (tcf) of gas to Jordan's National
Electric Power Company.
LAUNCESTON, Australia, Sept 26 (Reuters) - It appears that
China is interpreting the "people's well-being" as meaning North
Korea should be able to export record amounts of coal in
defiance of sanctions against the rogue nuclear-armed state.
LONDON, Sept 26 (Reuters) - Hedge funds have become
increasingly bullish about the outlook for gasoline prices even
as they have become more cautious the prospects for heating oil
this winter.
The failure of Venezuelan state-owned oil company PDVSA to live up to its contractually obligated investments in Curacao’s Isla refinery has come back to bite them and they now risk losing it to China, which has stepped up to the plate with its own plan.
ALGIERS, Sept 25 (Reuters) - Algeria plans to allow its
dominant state banks to list on the local stock exchange to help
develop its financial markets and diversify sources of funding
after the oil price slide, a senior financial official said.
LAUNCESTON, Australia, Sept 26 (Reuters) - It appears that
China is interpreting the "people's well-being" as meaning North
Korea should be able to export record amounts of coal in
defiance of sanctions against the rogue nuclear-armed state.
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