Energy Update
DUBAI, Jan 25 (Reuters) - Abu Dhabi state fund Aabar Investments is seeking to borrow $2.5 billion from banks to refinance a loan coming due in April, sources aware of the matter said on Monday.
Jan 25 (Reuters) - U.S. natural gas futures eased early on Monday, in the wake of a record-breaking blizzard in the mid-Atlantic region, as forecasts called for less cold weather for the next two weeks and for the rest of the winter. After edging up 2 percent last week, front-month gas futures on the New York Mercantile Exchange were down 4.9 cents, or 2.29 percent, to $2.09 per million British thermal units at 9:01 a.m. EST (1401 GMT).
ALGIERS, Jan 25 (Reuters) - Algerian President Abdelaziz Bouteflika has dissolved the long-standing military spy directorate known as the DRS, creating a new agency under the control of the presidency in another step to ease the military out of politics, security sources said.
Global solar installations will reach 64.7 GW in 2016 according to to Mercom Capital Group, a clean energy communications and research firm based in Texas.
LONDON, Jan 25 (Reuters) - Hedge funds had covered only a small part of their record short position in crude oil by early last week, but it was still enough to send prices surging more than $6 higher over the course of Thursday and Friday.
LONDON, Jan 25 (Reuters) - OPEC is still evaluating the need for an extraordinary meeting after receiving a request to hold such a gathering because of a steep fall in oil prices, Qatar's energy minister Mohammed al-Sada said on Monday.
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