Energy Update
ATYRAU, Kazakhstan, April 21 (Reuters) - Kazakhstan's leading oil producer has slowed its expansion plans further and cut planned spending this year in response to lower oil prices, a senior executive at Chevron's joint venture Tengizchevroil (TCO) said.
MASINLOC, Philippines, April 21 (Reuters) - Filipino activists denounced China's coast guard on Tuesday for turning water cannon on Philippine fishing boats in disputed waters, near where hundreds of Filipino and American Marines landed on a beach in a mock assault.
--Clyde Russell is a Reuters columnist.
PV and ME Question #4: “What’s so funny about solar?” Chapter 1: The Song of Solar and Coal Once upon a time, there was a mean, old utility-power mogul named Grimy Electric. A former general in the war against renewables, he was also known by his lieutenants as General Electric — ‘GE’ for short. ‘GE’ craved coal-fired power plants and detested sola
Economic theory holds that when a good is provided it must be paid for and that the value for that good will be set by a dance between the sellers and buyers in a market. It is assumed that when the price is too high buyers will back away and the price will adjust. When the price is too low sellers will fail to make sufficient margin to continue producing the good and the price will adjust.
Azerbaijan in coming years will focus on the development of renewable energy, as it will let the country to boost oil and gas exports, according to the deputy head of the Agency for Alternative and Renewable Energy (AFARE) of Azerbaijan Jamil Melikov.
SHANGHAI, April 21 (Reuters) - The deadline for Baoding Tianwei Baobian Electric Co Ltd to make an interest payment on a bond due on Tuesday passed without payment, a China bond clearinghouse official said, marking the first default by a state-owned firm.
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