Energy Update
BERLIN, June 1 (Reuters) - Chancellor Angela Merkel hammered
out a deal with state premiers on Wednesday on the latest reform
to Germany's renewable energy law aimed at curbing the costs and
controlling the speed of the future roll-out of green power
sources.
MIRI, Malaysia, June 1 (Reuters) - Spotting a large vessel
off the coast of Sarawak state in March, officers on a Malaysian
patrol boat were shocked when it steamed towards them at high
speed, blaring its horn before veering off to reveal "Chinese
Coast Guard" emblazoned on its side.
Enel, through its subsidiary Enel Green Power Chile Ltda., has completed and connected to the grid Finis Terrae, the company’s largest PV solar park in Chile.
Saudi Aramco has signed a Memorandum of Understanding (MoU) with GE and Cividale SpA of Italy to build the Middle East and North Africa’s first-of-its-kind high-end forging & casting manufacturing facility that will serve the region’s maritime and energy industries.
LONDON, May 31 (Reuters) - A record amount of renewable
power capacity was installed worldwide last year as solar and
wind costs fell, becoming more competitive with fossil fuels,
research by renewables policy organisation REN21 showed on
Tuesday.
HOUSTON/LONDON, May 31 (Reuters) - Four tankers carrying
over 2 million barrels of U.S. crude are stuck at sea and cannot
discharge at a Caribbean terminal because Venezuela's PDVSA has
not yet paid supplier BP Plc, according to two sources
and Thomson Reuters vessel tracking data.
TORONTO, May 31 (Reuters) - Canada's main stock index turned
lower on Tuesday after hitting a new nine-month high, pressured
by losses for financial stocks after one of the country's major
banks reported results that missed estimates.
ALGIERS, May 31 (Reuters) - President Abdelaziz Bouteflika
on Tuesday fired Algeria's central bank chief, who had been
under pressure from ruling party critics over his management of
fall-out from the 2014-2015 global oil price drop, two
government sources said.
NEW YORK, May 31 (Reuters) - U.S. total oil demand rose for
the second consecutive month in March, fueled in part by the
continued strength in demand for gasoline, federal data released
on Tuesday showed.
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