Energy Update
JEDDAH, Saudi Arabia, June 6 (Reuters) - Saudi Arabia plans
to more than triple the government's non-oil revenues and clamp
down on public-sector salaries over the next five years,
ministers said on Monday as they described reforms designed to
reduce the economy's dependence on oil and build a sustainable
future.
SolarCity has unveiled a new solar loan program that will allow many customers to immediately pay less for solar power each month than they previously paid for utility bills and pocket thousands in additional dollars from applicable tax credits.
Bounty Oil & Gas announce the following update on gas production from its Kiliwani North Development Licence in Tanzania.
TORONTO, June 6 (Reuters) - Canada's main stock index hit a
more than nine-month high on Monday as commodity price gains
helped boost the index's heavyweight energy sector and base
metal miners, although gold miners pulled back after last week's
rally.
BUENOS AIRES, June 6 (Reuters) - Argentina's state oil
company YPF said on Monday it has named Ricardo Darre
chief executive officer, as the company makes leadership changes
under the new pro-business government.
SYDNEY, June 6 (Reuters) - Giant waves, cyclone-strength
winds and torrential rain swept three people to their deaths on
Australia's east coast on Monday after the storm forced hundreds
to flee their homes.
KAMPALA, June 6 (Reuters) - Uganda's veteran leader Yoweri
Museveni named a new cabinet on Monday that retained his prime
minister and ministers in the key energy and finance jobs while
giving the education portfolio to his wife.
Starr Spencer on how upstream operators have masterfully used the current downcycle to prepare for the years ahead.
Market prices for 226, Europe's key grade of aluminum alloy, have edged up this week by around Eur10/mt ($11/mt) following an intense round of third-quarter buying over the past two weeks.
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