Energy Update
* Exports to China hold close to February level * Indian buying bounces back from 13-month low By Libby George LONDON, Feb 29 (Reuters) - West African crude oil flows east are expected to stay strong in March as Chinese term buying remains elevated and several additional cargoes were booked for India, according to Reuters vessel tracking and a survey of traders. Sixty-two cargoes have been booked so far to load West African crude for buyers in Asia, including 33 for China.
Feb 29 (Reuters) - The energy unit of Warren Buffett's Berkshire Hathaway Inc on Monday said Gregory Abel, its chairman and chief executive, saw his compensation jump 48 percent last year to $40.77 million, reflecting a large incentive award.
Sumitomo Corp. will acquire as much as 20 percent of Cosan Biomassa SA, a subsidiary of the world’s largest sugar company Cosan SA Industria e Comercio, Sumitomo said in a statement Friday.
The Brazilian state of Minas Gerais has put a planned auction for solar power on hold indefinitely because the region lacks enough transmission lines.
Plunging crude oil prices continue to depress the domestic wood pellet market, with residential consumers both in the U.S. and Canada finding themselves opting for conventional heating oil rather than their pellet stoves, say industry experts.
LA PAZ, Feb 29 (Reuters) - Bolivian President Evo Morales, fresh from his first major electoral defeat in last week's referendum on extending his rule, is facing a deepening scandal over his ties to a woman who was held by police over the weekend.
BRUSSELS, Feb 29 (Reuters) - EU regulators will say this week the European Union does not need a more ambitious greenhouse gas target until the next decade, a text seen by Reuters shows, even though the Paris climate deal stipulates goals should be reviewed in 2018.
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