Energy Update
The U.S. Department of Energy (DOE) on Aug. 27 selected two new projects to receive up to $4 million to develop next-generation biofuels that will help reduce the cost of producing gasoline, diesel and jet fuels from biomass.
FRANKFURT, Aug 28 (Reuters) - The German city of Essen, one of RWE's municipal shareholders, expects the utility to slash its dividend by as much as half in the face of the worst crisis in its 117-year history, a newspaper cited the city's treasurer as saying.
NEW YORK, Aug 28 (Reuters) - U.S. energy firms added one oil rig this week, the sixth consecutive week of increases even as U.S.
NEW YORK, Aug 28 (Reuters) - U.S. energy firms added one oil rig this week, the sixth consecutive week of increases even as U.S.
WASHINGTON, Aug 28 (Reuters) - The White House on Friday said the Justice Department is considering its options after a U.S. district court blocked a federal clean water rule from going into effect in certain states.
LONDON, Aug 28 (Reuters) - Investors pulled a record amount of money out of global equity funds in the week to Aug. 26, according to Bank of America Merrill Lynch, a measure of the alarm that China's markets and economy have aroused around the world.
Sinovel Wind Group Co., once China’s biggest supplier of wind turbines, said its loss more than doubled in the first half as orders fell and asset-impairment losses increased. The net loss was 864.6 million yuan ($135 million) in the first six months ended June 30, compared with a revised net loss of 371.3 million yuan a year ago, the Chinese wind-turbine maker said in a statement to the Shanghai stock exchange.
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