Energy Update
LONDON - Shares fall sharply as oil prices drop after Saudi Arabia effectively rules out output cuts by major producers, lifting investor appetite for low-risk assets such as the Japanese yen and gold. (GLOBAL-MARKETS/ (WRAPUP 5), updated throughout the day, 620 words)
TORONTO, Feb 24 (Reuters) - Royal Bank of Canada reported a weaker-than-expected profit on Wednesday as the oil price crash forced the lender to set aside more money to cover potential bad loans, sending the stock to its biggest one-day fall in seven years.
Feb 24 (Reuters) - The head of Royal Dutch Shell's U.S.
For more than 60 years, geothermal HVAC systems have been used in the U.S. and around the world. They work with nature, not against it. They can heat and cool a home or commercial building without burning any fuel or emitting greenhouse gases.
JOHANNESBURG, Feb 24 (Reuters) - South Africa's President Jacob Zuma has postponed a scheduled trip to Iran, his office said on Wednesday, without providing any reason for the postponement.
Feb 24 (Reuters) - Shares of Silver Run Acquisition Corp , a U.S. investment vehicle aimed at funding the acquisitions of energy companies, were flat at $10 in their trading debut on Wednesday.
MOSCOW, Feb 24 (Reuters) - The Caspian Pipeline Consortium (CPC), which brings oil from Kazakhstan to the Black Sea, plans to increase exports of CPC Blend oil by 20 percent year-on-year to 51.2 million tonnes in 2016, its head Nikolai Brunich said in an interview with Reuters.
Solar energy took off when it came up with a way for customers to buy-in with no upfront costs. Will no-money down microgrids capture the same kind of mass market appeal?
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