Energy Update
MOSCOW, May 24 (Reuters) - Andrey Slivchenko, chief
financial officer of Mechel, is to leave following the
expiry of his two-year contract, the Russian coal and steel
producer said in a statement on Tuesday.
BMW South Africa on May 20 unveiled its first solar carport that will be rolled out locally starting in July.
There is a revolution underway. The energy industry is undergoing a radical transfer of power from the generator to the consumer. But as another famous revolutionary, Che Guevara said, “the revolution is not an apple that falls when it is ripe. You have to make it fall.”
MARSEILLE, France, May 24 (Reuters) - French police using
water cannon and tear gas broke up a picket by striking workers
who were blocking access the Fos-sur-Mer refinery in the
southern port area of Marseille, an official of the CGT union
said on Tuesday.
LONDON, May 24 (Reuters) - Poorer oil-producing countries
which took out loans to be repaid in oil when the price was
higher are having to send three times as much to respect
repayment schedules now prices have fallen.
LAUNCESTON, Australia, May 24 (Reuters) - With China's steel
and iron ore bubble popped, the market is struggling to work out
what price levels these commodities should be trading around.
Perhaps coking coal provides good guidance.
MARSEILLE, France, May 24 (Reuters) - French police on
Tuesday cleared away striking workers blockading the Fos-sur-Mer
refinery in Marseille using water cannon and tear gas, an
official of the CGT union said.
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