Energy Update
With an auction approaching in Germany for Solar PV power, Platts editors Ross McCracken and Henry Edwardes-Evans analyze the effects of using auctions as a means of selling and procuring services in Europe and beyond.
Regional differences are expected during the April buy week in a US scrap market still seeking pricing direction. Discussions were ongoing March 30 between steel mills and dealers and settlements are expected later in the week.
* ADP data on U.S. private hiring below economists' forecasts * European shares close higher, except Greece * U.S. Treasuries up on bets on slower move by Fed on rates * Oil rallies after stock build data, as talks on Iran continue By Sinead Carew NEW YORK, April 1 (Reuters) - U.S. stocks fell for a second day on Wednesday and the dollar dipped after weak U.S. private sector employment and manufacturing data fed worries about the U.S. economy ahead of a highly anticipated jo
Way back at the dawn of the “Electrical Age,” Westinghouse – based on discoveries made and technology invented by Nikola Tesla – famously won the fiercely fought competition with the Edison Electric Co. that resulted in the use of alternating current (AC) to transmit and distribute electricity to homes, businesses and public facilities, as well as other types of infrastructure.
MEXICO CITY, April 1 (Reuters) - Oil production has been suspended at the Mexican platform where a fire killed at least 4 people on Wednesday, but there was no spill into the ocean from the blaze, a spokesman for state oil company Pemex said.
* ADP data on U.S. private hiring below economists' forecasts * European shares close higher, except Greece * U.S. Treasuries up on bets on slower move by Fed on rates * Oil rallies after stock build data, as talks on Iran continue By Sinead Carew NEW YORK, April 1 (Reuters) - U.S. stocks fell for a second straight day on Wednesday and the dollar dipped after weaker-than-expected private sector employment data spurred concerns that the keenly awaited monthly U.S. jobs report
WASHINGTON, April 1 (Reuters) - For a leader who has made fighting climate change a priority, President Barack Obama's decision to approve Royal Dutch Shell's return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction.
BRUSSELS, April 1 (Reuters) - The European Union reached a tentative deal on Wednesday on a 7 percent limit on how much crop-based biofuel can be used in the transport sector, EU sources said.
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