Energy Update

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NEW YORK, Dec 9 (Reuters) - U.S. crude oil stocks fell last week, breaking a streak of 10 straight weeks of builds, while distillate inventories soared, dampening a brief rally in crude futures, data from the Energy Information Administration showed on Wednesday.

Dec 9 (Reuters) - Citigroup Inc will take a $300 million "repositioning charge" in the fourth quarter, Chief Financial Officer John Gerspach said on Wednesday.

NEW YORK, Dec 9 (Reuters) - Investors should expect "little or no" price gains in bonds and "muted" appreciation in U.S. stocks during 2016, according to a report released on Wednesday by BlackRock Inc's top investment strategists.

Energy storage is no longer an emerging technology, Audrey Fogarty, VP of product management for energy storage integrator Younicos, said on Dec. 8.

PARIS, Dec 9 (Reuters) - Canada's newly elected government is committed to being a strong ally in global efforts to curb climate change, but it is unclear yet what that will mean for its vast oil patch, Environment and Climate Change Minister Catherine McKenna said on Wednesday.

Dec 9 (Reuters) - Solar company SunEdison Inc said it cut the cash portion of its offer for Vivint Solar Inc by $2.00 to $7.89 per share.

The US$1.6 billion Northern Pass transmission line that could tap into 1,096 MW from Canada’s largest hydropower producer, HydroQuebec, was approved Dec. 7, by a 6-0 vote of New Hampshire’s Site Evaluation Committee [SEC].
 

In 1984, when this year’s POWER-GEN 2015 Woman of the Year Kim Greene started engineering school, about 16 percent of her class was made up of women. Today, more than 30 years later, that number has jumped to just 18 percent.

PRAGUE, Dec 9 (Reuters) - Talks on state aid for coal miner New World Resources(NWR) were cancelled on Wednesday, the company and a union chief said, as the loss-making company seeks assistance to help it survive a slump in prices.

Dec 9 (Reuters) - U.S. auto parts retailer Pep Boys - Manny, Moe & Jack said it planned to terminate its deal with Bridgestone Corp after its board determined that Carl Icahn's offer was a "superior proposal".

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