Energy Update
This week, the US Supreme Court agreed to review a ruling by a lower court holding that FERC, the Federal Energy Regulatory Commission, has no jurisdiction to regulate demand response markets run by ISOs and RTOs. Based in large part on FERC order 745, these markets currently support investments in distributed energy resources and energy efficiency
LONDON, May 5 (Reuters) - BG Chief Executive Helge Lund on Tuesday welcomed with "mixed emotions" Royal Dutch Shell's $70 billion takeover bid, which came only two months after he took office.
ADEN, May 5 (Reuters) - Yemen's president has called a meeting of political forces on May 17 to discuss his country's war that will include former associates of a powerful ally of the Houthis, a move that could bolster the ranks of opponents of the Iranian-allied force.
BAKU, May 5 (Reuters) - Azerbaijan and the Asian Development Bank (ADB) signed on Tuesday a memorandum of understanding to invest $1 billion to modernise the country's energy system.
May 5 (Reuters) - Oil and gas producer Noble Energy Inc swung to a quarterly loss from a year-ago profit, hurt by a steep drop in crude oil prices and $87 million in charges related to commodity derivative losses and asset impairment.
Prices of purified terephthalic acid have firmed up after unexpected plant outages in China affected supply, while India has lifted anti-dumping duties on China PTA.
BRUSSELS, May 5 (Reuters) - The European Union will implement a free-trade pact with Ukraine from next year despite Russian pressure for another delay, according to a draft statement prepared for a summit with six of the bloc's eastern neighbours this month in Riga.
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