Energy Update

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It’s finally happening. After years of research and development, of policy debates over subsidies and climate change and energy independence; renewable energy is finally starting to replace fossil fuel sources of electric generation across the nation.

* Weak hedging against sudden price changes worries some
suppliers

MILAN, Aug 25 (Reuters) - European shares fell on Thursday,
weighed down by losses among pharma and mining sector stocks,
while firms such as Sunrise and Ahold were lifted by well
received earning updates.

* Another central bank rate cut possible - group CEO

(Adds comments on loans growth, oil and gas sector)

ANKARA, Aug 25 (Reuters) - Turkey wants to secure a complete
move of the Syrian Kurdish PYD to east of the Euphrates river
within a week, Turkish Defence Minister Fikri Isik said on
Thursday, a day after Turkey launched its first U.S.-backed
incursion into Syria.

OSLO, Aug 25 (Reuters) - Norway-listed offshore driller
Seadrill, once the crown jewel in the business empire
of shipping tycoon John Fredriksen, said the oil industry may be
turning a corner as it posted second-quarter earnings above
forecasts on Thursday.

MILAN, Aug 25 (Reuters) - European shares fell in opening
deals on Thursday with mining stocks leading losers for a second
day in a row, while German market research firm GFK soared on
merger and acquisition talk.

* And China July oil demand down 0.3 pct at 10.58 million
bpd

(Re-leads, adds China oil stocks, updates prices)

MOSCOW, Aug 24 (Reuters) - When Donald Trump named a
little-known U.S. energy consultant as part of his foreign
policy team, the adviser's ex-boss was puzzled; how could the
relatively junior banker he knew in Moscow a decade ago be
qualified to brief a presidential candidate?

With shipping markets in the doldrums, Bunker Bulletin caught up with several marine fuel industry credit VIPs and asked them what keeps them up at night.

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