Energy Update
DUBAI, May 4 (Reuters) - Most stock markets in the Middle
East followed global bourses lower on Wednesday because of weak
oil prices and concern about lacklustre global growth, but
rebounding blue chips lifted Abu Dhabi.
LONDON, May 4 (Reuters) - The warmest winter for more than
30 years reduced fuel oil demand drastically in the United
States in 2015/16 and left the country heavily oversupplied with
heating oil.
In a move that appeared inevitable for months, commercial-scale solar pioneer SunEdison filed for Chapter 11 bankruptcy protection on April 21. The news grabbed clean-tech industry and general business headlines for sure, but I’ve been struck by how little splash it’s made in the broader realm of national attention, particularly politics. The contrast with the partisan uproar that immediately arose after the 2011 bankruptcy of solar startup Solyndra could not be more striking.
LONDON, May 4 (Reuters) - Denmark's A.P. Moller-Maersk said
for the first time on Wednesday there was a risk it could lose
its largest oil producer, a 300,000 barrel per day Qatari field,
and may not replace the production by buying other assets.
SARAJEVO, May 4 (Reuters) - Montenegro's economy is expected
to grow four percent this year, after 3.2 percent in 2015,
driven by big projects in infrastructure and tourism, the
economy minister said on Wednesday.
KHARTOUM, May 4 (Reuters) - Sudan and Saudi Arabia have
agreed to start exploring for mineral resources, including
silver and gold, in the Red Sea by 2020, Sudanese Minister of
Minerals Ahmed Sadiq al-Karouri said on Wednesday.
VIENNA, May 4 (Reuters) - Austria's OMV signed a
memorandum of understanding (MoU) with the National Iranian Oil
Company (NIOC) on Wednesday as it looks to revive its activities
in Iran.
May 4 (Reuters) - U.S. refiner HollyFrontier Corp
reported a 91 percent fall in quarterly profit hurt by a steep
fall in refining margins and lower refinery utilization rate.
PARIS, May 4 (Reuters) - EDF's former chief
financial officer urged to utility to delay a final investment
decision on building Britain's Hinkley Point nuclear plant by at
least three years, he told France's parliament on Wednesday.
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