Energy Update

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The potential benefits of energy storage are widely recognised, from load-shifting power from high to low price periods, to managing intermittent generation on power networks by providing services to the system operator.

The potential benefits of energy storage are widely recognised, from load-shifting power from high to low price periods, to managing intermittent generation on power networks by providing services to the system operator.

The annual Met Coke World Summit may lean toward a niche technical focus, but there's also deep discussion of larger issues that will shape the future of the whole industry.

LAUNCESTON, Oct 28 (Reuters) - - What's well known is that a wave of new liquefied natural gas (LNG) is about swamp already well-supplied markets, what's less known is how exactly these new cargoes will be absorbed.

Oct 28 (Reuters) - U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit, helped by robust demand for refined products and lower crude costs.

NEW DELHI, Oct 28 (Reuters) - Iraq overtook Saudi Arabia as the top crude exporter to India in September for the third time in 2015, according to tanker data obtained by Reuters, as the two biggest OPEC producers battle for market share in leading Asian buyers.

Oct 28 (Reuters) - Occidental Petroleum Corp swung to a quarterly loss after it recorded $2.6 billion in after-tax charges to reflect a sharp decline in oil and gas futures and projects that the company plans to scrap.

* Saipem rights issue to be completed in first quarter of 2016

* Stock has roughly neutral weighting in portfolio (Adds comments on VW, detail on stake, detail on Glencore)

LONDON, Oct 27 (Reuters) - A climate change deal to be agreed in Paris in December will not be able to come up with a global carbon price, the United Nations' climate chief, Christiana Figueres, said on Tuesday.

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