Energy Update
LONDON, May 27 (Reuters) - European refiners outside France
and oil traders are gearing up to cash in on the unexpected
demand for diesel created by French strikes that have blocked
oil terminals and shut down refineries.
PARIS, May 27 (Reuters) - The fuel supply situation in
France is improving after a week of disruption and shortages
caused by strikes and all but one of the country's fuel depot
blockades has been cleared, a transport ministry spokesman said
on Friday.
Job growth in renewable energies is bucking the trends across the global energy sector, Adnan Amin, director-general for the International Renewable Energy Agency (IRENA), said on May 25.
BERLIN, May 27 (Reuters) - Germany is closely monitoring
Chinese investment in the country and will consider each
takeover on a case-by-case basis to ensure it does not lose key
technology, a government source said on Friday.
WASHINGTON, May 27 (Reuters) - U.S. economic growth slowed
in the first quarter although not as sharply as initially
thought, as a surge in home building and steady inventory
accumulation partially offset the impact of modest consumer
spending and soft business investment.
Seldom in industrial evolution do momentous changes occur rapidly, especially in industries like electricity that have been stable for decades. In electricity, we are at the brink of just such an inflection point. For students of industrial mutation, this is ‘whoopee’ time. Curiously, business schools and the economics profession appear to ignore the tectonic shifts.
May 27 (Reuters) - Hercules Offshore Inc said it
planned to file for prepackaged Chapter 11 bankruptcy, just six
months after the rig contractor emerged from bankruptcy
protection.
BELGRADE, May 27 (Reuters) - Serbia will cut wholesale
prices of natural gas for households and industry from June by
3.6 percent and 4 percent, respectively, mainly to reflect a
weaker U.S. dollar exchange rate, energy regulator AERS said on
Friday.
YENAGOA, May 27 (Reuters) - Militants attacked crude oil and
gas pipelines operated by Nigeria's state oil firm in the Niger
Delta, a community leader said on Friday, in an attack claimed
by the Niger Delta Avengers, which has been targeting energy
facilities for weeks.
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