Energy Update
The tension between US coal producers and fuel buyers was evident at a recent conference, where the coal industry asked for help but utilities are tempted by cheap natural gas for power generation.
CAMP DAVID, Md., May 14 (Reuters) - President Barack Obama on Thursday updated leaders from Gulf states on international efforts to forge a nuclear deal with Iran, U.S. deputy national security adviser Ben Rhodes said.
WASHINGTON, May 14 (Reuters) - Iran appeared to be trying to intercept a Singapore-flagged commercial ship on Thursday in order to settle a legal dispute, a U.S. official told Reuters, saying the Alpine Eternity reportedly hit an Iranian-owned oil platform in March.
The Brazilian real has declined 17 percent since Oct. 31, when more than a gigawatt of solar farms won contracts in the country’s first-ever national solar auction and with the slumping currency driving up import prices, developers are holding off on signing supply deals for PV panels. Manufacturers that were considering setting up shop in Brazil are having second thoughts.
TBILISI, May 14 (Reuters) - Russia's economic contraction will curb the growth prospects this year for ex-Soviet republics in central Asia and the Caucasus, the European Bank for Reconstruction and Development (EBRD) said on Thursday.
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