Energy Update
SOFIA, May 31 (Reuters) - Rusatom Service, part of Russian
state nuclear agency Rosatom, has completed an upgrade needed to
extend the life of one of the reactors at the Kozloduy nuclear
plant in Bulgaria, the company said on Tuesday.
May 31 (Reuters) - Great Plains Energy Inc, the
parent of regulated power utility Kansas City Power & Light,
will buy rival Westar Energy Inc for $8.6 billion in cash
and stock as it looks to gain scale to better compete in a
challenging market.
By Aparajita Saxena
May 31 (Reuters) - Southeast Asian stocks closed flat to
lower on Tuesday as investors waited for cues from U.S.
inflation and employment data due this week, the two most
important indicators for a "data-dependent" U.S. Federal
Reserve.
Investors will also be keeping a keen eye out for Fed Chair
Janet Yellen's speech in Philadelphia on Monday for clarity over
(Corrects paragraph 1 to show U.S. inflation, jobs data due
this week, not next week)
By Aparajita Saxena
May 31 (Reuters) - Southeast Asian stocks were largely
cautious on Tuesday as investors waited for cues from U.S.
inflation and employment data this week, the two most important
indicators for a "data-dependent" U.S. Federal Reserve.
Investors will also be keeping a keen eye out for Fed chair
May 31 (Reuters) - Great Plains Energy Inc, the
parent of regulated utility Kansas City Power & Light, said it
would buy rival Westar Energy Inc for $8.6 billion in
cash and stock.
VIENNA, May 31 (Reuters) - OPEC is likely to choose
Nigeria's Mohammed Barkindo, a former head of state oil firm
NNPC, as the next secretary-general of the producer group, three
sources with knowledge of the matter said on Tuesday.
(Tue, 31 May 2016) Chinese exports of diesel began to increase rapidly in 2015, driven by a structural shift in China's economy?which is reducing diesel demand?and by reforms in China's refining sector, which are contributing to increased refinery utilization and diesel production. These two factors have pushed Chinese net diesel exports higher, to more than 300,000 barrels per day in April.
(Tue, 31 May 2016) EIA?s newly updated source-to-sector chart for 2015 illustrates how much petroleum, natural gas, coal, renewable energy, and nuclear electric power is distributed to the electric power sector and the end-use sectors.
MONTREAL, May 31 (Reuters) - An Australian mining veteran
who made investors billions with a shrewd bet on coal in
Mozambique is aiming for another big score with Canadian iron
ore, even as a global gush of new supply threatens to depress
already slumping prices.
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