Energy Update
GENEVA, May 2 (Reuters) - The United Nations mediator in the
Syrian conflict called on the United States and Russian
Federation to try to salvage and renew a cessation of
hostilities, after fighting intensified in many areas.
The Emirate of Dubai set a new world record for the cost of solar power on May 1, 2016 with the Dubai Electricity and Water Authority (DEWA) receiving bids for the 800 MW Sheikh Maktoum Solar Park Phase III as low as 3.00 U.S. cents per kilowatt-hour (kWh).
HOUSTON, May 2 (Reuters) - Aalpha Energy, a subsidiary of
brokerage holdings firm OTC Global Holdings, will launch a fuel
oil brokering desk with three former BP traders, the
company said on Monday.
AMMAN/GENEVA - U.S. Secretary of State John Kerry says
talks closer to extending a Syrian truce to Aleppo, the divided
northern city where a sharp escalation of violence in recent
weeks has torpedoed peace talks. (MIDEAST-CRISIS/SYRIA (WRAPUP
2, PIX, TV), moved, by Lesley Wroughton, 700 words)
DUBAI, May 2 (Reuters) - Stock markets in the Gulf fell on
Monday after oil prices pulled back and Dubai blue chip Emaar
Properties dropped following the release of its first-quarter
earnings.
KARACHI, May 2 (Reuters) - Pakistani stocks ended lower on
Monday with oil shares falling as global oil prices eased
slightly and on profit-booking in banks, dealers said.
NEW YORK, May 2 (Reuters) - An energy market rout has
ravaged fortunes from Texas to North Dakota and hit thousands of
small investors, but some tycoons are still coining it in thanks
to a piece of financial engineering that has tilted the playing
field in their favor.
May 2 (Reuters) - Magnum Hunter Resources Corp and its
founder Gary Evans are emblematic for the U.S. shale revolution:
it started small, borrowed heavily to snap up land and rivals
and then crumbled under the weight of debt when prices crashed.
May 2 (Reuters) - Rig contractor Diamond Offshore Drilling
Inc reported a first-quarter profit, compared with a loss
a year earlier, as its ongoing cost-cutting measures pay off.
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