Energy Update
WASHINGTON, Dec 15 (Reuters) - A U.S.
Dec 15 (Reuters) - U.S. natural gas futures fell around 3 percent to a 14-year low on Tuesday on forecasts for continued unseasonably mild weather that is expected to keep heating demand low through late December. Front-month gas futures on the New York Mercantile Exchange fell 5 cents to $1.844 per million British thermal units at 8:50 a.m. EST (1350 GMT). That put the contract on track for a fifth down day in a row, the longest losing streak since September.
The International Renewable Energy Agency said it has facilitated the development of the Global Geothermal Alliance to increase the share of geothermal energy in the global energy mix.
LONDON, Dec 15 (Reuters) - Britain's top court will decide on Wednesday whether to back U.S.
DUBAI, Dec 15 (Reuters) - Saudi Aramco, the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec, three sources with knowledge of the matter said on Tuesday.
WASHINGTON, Dec 15 (Reuters) - A U.S.
MOSCOW, Dec 15 (Reuters) - The head of Russia's top lender, Sberbank, said on Tuesday that oil prices below $40 per barrel presented an additional challenge to the country's banking sector, where a number of players have already received state support.
Dec 15 (Reuters) - Arch Coal Inc, the second-largest coal miner in the United States, said it has chosen to extend by 30 days a $90 million in bond interest payments that was due on Tuesday.
WASHINGTON, Dec 15 (Reuters) - President Barack Obama, who made few friends in corporate board rooms early in his first term as he pressed for tighter regulations on banks and remarked on the "fat cats" who helped precipitate the financial crisis, heads into his final year in the White House having built - or rebuilt - alliances with chief executives of the nation's biggest companies.
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