Energy Update
BEIJING, July 11 (Reuters) - China will ban the construction
of new coal-based chemical facilities and coal-fired power
plants until 2018 and continue to shed overcapacity in coal
mining and oil refining, state news agency Xinhua reported on
Monday.
NAIROBI, July 11 (Reuters) - South Sudan's vice president
said on Monday his loyalists had been bombarded by forces of
President Salva Kiir, showing he was "not interested in peace",
but the former rebel also called for restraint and said he had
not lost hope for the future.
TOKYO, July 11 (Reuters) - Talks between Japan's Idemitsu
Kosan Co Ltd and its founding family on Monday did not
yield any agreement regarding the family's opposition to the oil
refiner's proposal to buy rival Showa Shell Sekiyu KK,
the family's lawyer said.
JUBA, July 11 (Reuters) - Heavy fighting erupted again in
South Sudan's capital on Monday a day after the U.N. Security
Council told rivals President Salva Kiir and Vice-President Riek
Machar to rein in their forces and end days of violence that
have left scores dead.
SINGAPORE, July 11 (Reuters) - Swiber Holdings, a
Singapore-based oilfield services firm, said its subsidiary was
seeking legal advice after the payment for a proposed $200
million preference share subscription was delayed.
LONDON, July 11 (Reuters) - The FTSE 100 climbed to
an 11-month high on Monday, helped by expectations of a cut in
interest rates by the Bank of England later this week and a
rally in mining companies.
SEVILLE, Spain, July 11 (Reuters) - An airplane powered
solely by energy from the sun took off from southern Spain early
on Monday on the penultimate leg of the first ever fuel-free
round-the-world flight.
MILAN/LONDON July 8 (Reuters) - Britain faces a growing risk
of spikes in wholesale gas prices as ageing storage facilities
mean increased maintenance and greater reliance on imports to
meet spot demand.
JUBA, July 11 (Reuters) - Fighting and gunfire erupted in
South Sudan's capital on Monday a day after the U.N. Security
Council told rivals President Salva Kiir and Vice-President Riek
Machar to rein in their forces and end days of violence.
JAKARTA, July 11 (Reuters) - Indonesian state power firm PLN
says it cannot comply with government rules on burning diesel
with a bio content of at least 30 percent as it would damage
generators, potentially curbing demand for biofuel ingredient
palm oil in the world's top producer of that commodity.
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