Energy Update
(Tue, 26 Jan 2016) A change to the North Sea Brent crude oil futures contract will alter the way prices for Brent futures are compared to futures prices for WTI crude oil. Beginning January 29, the Brent contract will expire, or rollover to the next month, approximately two to three weeks before expiration of the WTI contract for delivery in the same month. Prior to the change, the Brent contract rollover was only five to seven days ahead of the WTI rollover.
SAN FRANCISCO, Jan 25 (Reuters) - California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings.
SEOUL, Jan 26 (Reuters) - South Korea's finance minister stressed on Tuesday the importance of frontloading government spending in the first quarter of the year to keep the recovery flame alive in the face of external and internal risks.
India’s state-run refiners including Indian Oil, Bharat Petroleum, Hindustan Petroleum and Engineers India are planning to jointly build 60 million tons a year or 1.2 million barrels per day (bpd) refinery in Maharashtra state.
Jan 25 (Reuters) - David Einhorn's hedge fund Greenlight Capital said it has been in talks with SunEdison Inc regarding a board seat and that it is looking to sell the solar company's assets or even the company itself.
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