Energy Update
PARIS, May 3 (Reuters) - French steel pipe maker Vallourec
on Tuesday reported a net loss and fall in revenues in
the first quarter as volumes plummeted to record lows mainly in
the oil and gas businesses, but it said results will be better
in the next quarter.
(Adds details on sectors and stocks, updates prices)
* TSX down 224.34 points, or 1.62 percent, to 13,641.29
* All 10 of TSX's main groups were lower
DUBAI, May 3 (Reuters) - Gulf stock markets fell back on
Tuesday because of lower oil prices and a lack of positive
drivers, while Saudi Arabia's bourse failed to get an immediate
boost from reforms designed to stimulate trading and draw fresh
foreign money.
Finnish energy group Wärtsilä recently announced its entry into the solar energy industry with an emphasis on delivery of turnkey utility-scale solar PV and unique hybrid power plant solutions. The company will engage in delivery of its first hybrid power plant late this year, with a retrofitting project in Jordan.
BERLIN, May 3 (Reuters) - Coal-fired power production in
Germany should come to an end "well before" 2050, according to a
draft environment ministry document seen by Reuters on Tuesday
on how Europe's biggest economy can achieve its climate goals.
* Teapot port congestion, full tanks cool buying
* India's booking rise on tenders, Reliance purchases
* Graphic: http://link.reuters.com/sav75v
In many markets, solar PV is already at grid parity. So why aren’t we seeing greater adoption? What is holding the PV industry at bay?
LONDON, May 3 (Reuters) - Hedge funds increased their net
long positions in Brent and WTI derivatives by 7 million barrels
to a record 663 million barrels in the week ending April 26.
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