Energy Update
ABUJA, April 16 (Reuters) - Nigeria, which is going through
its worst economic crisis in years, has not turned to the
International Monetary Fund (IMF) for financial assistance
because it is "not sick", its finance minister said.
MOSCOW, April 16 (Reuters) - The New Development Bank (NDB),
formed by the BRICS group of emerging nations, has approved its
first loans - $811 million for renewable energy projects in
Brazil, China, India and South Africa, Russian news agencies
reported on Saturday.
MOSCOW, April 16 (Reuters) - State-controlled Russian
companies should keep paying at least half of their annual
profit in dividends in 2017-2019, news agencies quoted finance
minister Anton Siluanov as saying on Saturday.
April 16 (Reuters) - Iran will not attend a meeting between
OPEC and non-OPEC member countries about freezing oil output
levels scheduled for Doha, Qatar, on Sunday, two sources
familiar with the situation told Reuters.
DUBAI, April 16 (Reuters) - Iran's oil production has
already surpassed 3.5 million barrels per day, the deputy oil
minister said on Saturday, and the Islamic Republic is seeking
to increase oil and gas exports in the coming month.
April 15 (Reuters) - Solar energy company SunEdison Inc
is preparing to file for bankruptcy as early as the
evening of April 17, a person familiar with the matter said on
Friday, nine months after its market value had reached $10
billion.
HOUSTON, April 15 (Reuters) - A coalition of U.S. state
attorneys general received guidance from well-known climate
scientists and environmental lawyers in March as some of them
opened investigations into Exxon Mobil for allegedly
misleading the public about climate change risks, documents seen
by Reuters showed.
April 15 (Reuters) - Solar energy company SunEdison Inc
said on Friday it was in talks for potential
debtor-in-possession financing with some of its first and
second-lien lenders.
TORONTO, April 15 (Reuters) - Canada's main stock index
slipped on Friday as energy shares pulled back with oil prices
ahead of a weekend producer meeting, while Bombardier stock
gained on reports it is close to a deal to sell up to 125
CSeries jets to a U.S. airline.
CALGARY, Alberta, April 15 (Reuters) - Ratings agency DBRS
downgraded the Canadian oil-producing province of Alberta one
notch to 'AA' on Friday, a day after the provincial government
forecast a budget deficit of C$10.4 billion ($8.10 billion) this
fiscal year.
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