Energy Update
MOSCOW, Feb 2 (Reuters) - When oil exporter Azerbaijan signed up to host its first ever Formula One Grand Prix this year along an esplanade in its capital, the government promoted it as an opportunity to showcase the country's new confidence.
LONDON, Feb 2 (Reuters) - OPEC has not yet scheduled any talks with Russia and other non-OPEC countries aimed at supporting oil prices, two OPEC delegates said on Tuesday after Russian officials talked up potential cooperation with the exporter group.
Feb 2 (Reuters) - Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices.
About seven months ago, a unit of Shenzhen Energy Group Co. started looking for ways to find new sources of capital for solar plants that wouldn’t compete for cash with its parent company’s hydro and coal projects. The answer was a new kind of security and a first for China.
Feb 2 (Reuters) - U.S. natural gas futures were trading down over 6 percent for a second day in a row early Tuesday on forecasts for warmer than normal weather for the rest of the winter that is expected to keep heating demand light. Front-month gas futures on the New York Mercantile Exchange fell 14.5 cents, or 6.74 percent, to $2.007 per million British thermal units at 9:29 a.m. EST (1429 GMT).
Oregon-based crystalline-silicon solar manufacturer SolarWorld said on Jan. 29 that it has agreed to form a partnership with Germany’s sonnen Inc. to offer a solar + storage product.
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