Energy Update
Lawrence Summers famously wrote, “there are idiots, look around” in an attack on the theory that markets are rational. What some have called “Summers’ Law” certainly applies to the markets’ response to the slide in the price of oil as it relates to stocks of renewable energy companies.
MOGADISHU, May 6 (Reuters) - Al Shabaab Islamist militants shot dead a government official in Mogadishu on Wednesday and, in a separate attack, bombed an African Union troop convoy outside the Somali capital, police and a spokesman for the group said.
Platts editors look at big iron ore miners' revisions in output targets and expansion plans, as well as the the impact of China's resource tax change on the iron ore industry.
CAIRO, May 6 (Reuters) - Planes from a Saudi-led coalition struck Yemeni provinces near the Saudi border overnight, killing at least 43 civilians, Houthi sources said, as 22 aid agencies warned that fuel shortages could halt their work.
BEIJING, May 6 (Reuters) - Chinese state nuclear firm China National Nuclear Corp (CNNC) said on Wednesday it is open to all forms of an alliance with loss-making nuclear group Areva as the French firm restructures.
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