Energy Update
PARIS, May 20 (Reuters) - It would be "unthinkable" for
eastern Libyan forces to join a U.N.-backed unity government
until militias aligned to it have been disbanded, General
Khalifa Haftar, who heads up troops in the east, said in an
interview broadcast on Friday.
(Recasts, adds quote)
By Scott DiSavino
May 20 (Reuters) - U.S. energy firms this week kept the
number of rigs drilling for oil unchanged for the first time
this year as crude futures trade near a seven-month high,
indicating that a near two-year slump in the rig count could be
ending as forecast by several analysts.
Drillers kept the number of rigs at 318 in
the week to May 20, holding at the lowest level since October
Wind power is blowing back against a fifth year of contracting Greek credit as banks keep funding renewable energy projects that deliver secure cash flows.
By Scott DiSavino
May 20 (Reuters) - U.S. energy firms this week kept the
number of rigs drilling for oil unchanged for the first time
this year, services company Baker Hughes Inc said on
Friday, as crude futures trade near a seven-month high.
Drillers kept the number of rigs at 318 in the week to May
20, holding at the lowest level since October 2009, Baker Hughes
said in its closely followed report.
By Lewis Krauskopf
NEW YORK, May 20 (Reuters) - A year ago the U.S. stock
market minted new all-time highs, but you could excuse investors
for not celebrating the anniversary.
The benchmark S&P 500 has failed to close higher since
ending at 2,130.82 on May 21, 2015, and now trades some 4
percent below that peak. It also has yet to top its intraday
record high of 2,134.72 hit on May 20, 2015.
Argentina set rules for its first planned auction for renewable energy, an event that’s expected to spur as much as 1 GW of new capacity led by wind and solar farms.
LONDON, May 20 (Reuters) - Britain's top share index ended
sharply higher on Friday, with bottling company Coca-Cola HBC
rallying on the prospects of a margin recovery and
commodities stocks partially recovering after slumping in the
previous two straight sessions.
Ormat Technologies on May 19 said it has secured contracts worth $36 million for work at Eastland Group’s Te Ahi O Maui geothermal project in New Zealand.
GENEVA, May 20 (Reuters) - The European Union has appealed
against a World Trade Organization ruling against anti-dumping
duties it imposed on imports of Argentinian biodiesel, the WTO
said in a statement on Friday.
YENAGOA, Nigeria May 20 (Reuters) - A gas pipeline in
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group and a witness said on Friday.
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