Energy Update
ESSEN, Germany, July 4 - German industrial group
Thyssenkrupp announced a further shakeup of its
Industrial Solutions unit, which it is restructuring in the face
of weak demand for plant engineering and challenges in its naval
business.
HANOI, July 4 (Reuters) - Vietnamese families living in
slums along the Red River in Hanoi are using red plastic buckets
and old printers to help light homes, cook meals and slash
electricity costs by as much as a third.
LONDON, July 4 (Reuters) - Hedge funds and other money
managers are betting diesel and heating oil will take over from
gasoline as the main driver of U.S. refinery profitability in
the second half of the year.
SYDNEY, July 4 (Reuters) - A small Australian miner on
Monday bought Rio Tinto's Blair Athol coal mine in
Queensland state for a token A$1, swooping in as big miners
offload unprofitable assets after years of low coal prices.
Is a peace dividend in the form of more investment–and ultimately more production and jobs–coming to Colombia’s beleaguered oil and gas sector?
TOKYO, July 4 (Reuters) - Idemitsu Kosan Co passed
over concerns that the son of its founder raised privately about
plans for Japan's second-biggest refiner to merge with smaller
rival Showa Shell, his lawyer told Reuters in an
interview on Friday.
MANILA, July 4 (Reuters) - The Philippines will retain coal
as a core part of its electricity generation mix due to its
dependability, though it will seek to boost the use of cleaner
fuels and renewable energy, the country's energy minister said
on Monday.
The base metals complex seemed to register only a small bump from the UK's EU referendum, recovered quickly and is now higher than it was before the vote.
The British pound’s sharp slide to 31-year lows versus the US dollar in the volatile aftermath of last month’s Brexit vote could potentially hike the UK’s polymer import costs by $100 million.
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