Energy Update
Most people know Apple as a company that develops smartphones, computers and tablets, but recently the famous fruit dipped its toes into another market: energy. The U.S. government has granted Apple approval to sell the company's excess solar energy under the name Apple Energy LLC.
LONDON, Aug 22 (Reuters) - Hedge funds executed one of the
fastest U-turns on record this month as managers turned from
super-bearish to cautiously bullish about the outlook for oil
prices.
Batteries that store electricity and offset power required from the grid during peak periods are key to unlocking lucrative power and transport markets, according to BMI Research.
Erex Co., a Japanese power supplier, will add more biomass power plants and expand into wind farms as it seeks to reach out to more customers following the opening up of Japan’s power-retail market.
SHCHETINKA, Russia, Aug 22 (Reuters) - Russia's government
should do its best to privatise a stake in the nation's largest
oil producer Rosneft this year, Russian Economy
Minister Alexei Ulyukayev said on Monday.
BERLIN, Aug 22 (Reuters) - German exports to Iran, mostly
machines and equipment, jumped in the first half of the year
following the removal of international sanctions against the
Islamic Republic, official trade data showed on Monday.
U.S. Geothermal this month said that it has deepened two wells at its San Emidio geothermal project in Washoe County, Nev., based on the wells’ high thermal gradient and bottom hole temperature.
Aug 22 (Reuters) - Canadian convenience store operator
Alimentation Couche-Tard Inc said it would buy U.S.
convenience store retailer CST Brands Inc for about
$3.67 billion, as the company looks to strengthen its U.S.
operations.
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