Energy Update
PRAGUE, June 13 (Reuters) - The board of Czech oil refiner
Unipetrol opposes a call from the company's largest
minority shareholder to increase the company's proposed
dividend, Unipetrol said on Monday.
WASHINGTON, June 13 (Reuters) - The International Monetary
Fund said on Monday that Canada is coping well with lower oil
prices and weaker growth, but needs to pursue a fiscal and
monetary policy mix that supports near-term output.
SANTIAGO, June 13 (Reuters) - Chilean state oil company ENAP
has signed a deal with ConocoPhillips to
explore and eventually exploit gas deposits in the nation's
remote southern Magallanes region, a source familiar with the
agreement confirmed on Monday.
DUBAI, June 13 (Reuters) - Most stock markets in the Middle
East edged down on Monday after global bourses and oil prices
fell further and Egypt's Orascom Telecom saw a second day of
steep losses after an acquisition plan was called off but Saudi
Arabian shares were firm.
Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy.
Kenya, East Africa’s biggest economy, is in talks with international investors to prepare the sale of the country’s first green bond, Nairobi Securities Exchange Chief Executive Officer Geoffrey Odundo said.
Renewable energy companies in emerging markets in Africa and Asia frequently lament the shortage of financing as the main barrier to scaling decentralized solutions, such as rooftop solar and mini-grids. But at a summit in early June, industry leaders singled out the lack of supportive national energy policies as the biggest obstacle to accelerated growth.
The intermittent nature of renewable generation is one of the largest hurdles impeding the industry’s growth. Though increasingly cost effective, renewables often produce power when consumers don’t need it. While energy storage may be a realistic solution in the future, better grid interconnectivity and efficient cross-country power lines may prove a more immediate solution.
DUBAI, June 13 (Reuters) - Saudi Arabia's powerful deputy
crown prince flew to the United States on Monday for meetings
with U.S. President Barack Obama and U.N. Secretary-General Ban
Ki-moon, Saudi media reported.
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