Energy
Valero Will Permanently Close Delaware City Refinery, Affecting 550 Jobs Valero Energy Corp., the largest
U.S. refiner, said it will permanently close its Delaware City,
Delaware, plant because of mounting losses after the recession
eroded demand for gasoline and diesel.
Crude Oil Falls a Second Day in New York as U.S. Dollar Gains Versus Euro Crude oil fell for a second day as
the dollar strengthened against the euro, reducing the appeal of
commodities to investors, and equity markets declined.
Shell in Talks to Purchase 10% Stake in Essar Oil, Economic Times Reports Royal Dutch Shell Plc is in talks to
acquire a 10 percent stake in India’s Essar Oil Ltd., the
Economic Times said, citing unidentified people.
Commodities to Attract Record $60 Billion This Year, Barclays Capital Says Commodities will likely attract a
record $60 billion this year as investors seek to diversify
their assets, Barclays Capital said.
Carlyle Group Considers Bidding With Magnum for Gas Natural's Assets Carlyle Group is considering making
a joint bid with Magnum, a buyout firm that focuses on Spain and
Portugal, for distribution assets that Gas Natural SDG SA has
put up for sale, according to a person familiar with the matter.
Russia Waives Ukraine Natural-Gas Fine, Easing Threat of Supply Reduction Russia agreed to waive fines on
Ukraine for consuming less gas than contracted and said it would
renegotiate volumes for next year, easing a threat to shipments
of the fuel to Europe.
Henri Proglio Should Focus on EDF Rather Than Areva, Minister Lagarde Says French Finance Minister Christine
Lagarde said Henri Proglio, incoming chief executive officer of
state-controlled Electricite de France SA, should focus on the
power utility rather than Areva SA.
Cloud Peak Shares Fall After Reduction in IPO Price by Rio Tinto Coal Unit Rio Tinto Group’s Cloud Peak Energy
Inc. coal unit cut the price for its $459 million initial public
offering as buyers extracted concessions from underwriters for
two IPOs and rejected another company’s offering this week.
Statoil's Arctic Snohvit LNG Plant Restart Hampered by Electrical Fault Statoil ASA, Norway’s largest energy
company, said it’s unclear when it can restart its Arctic
Snohvit liquefied natural gas plant after an electrical fault.
Crude May Decline to About $60 Next Quarter on Weak Demand, Macquarie Says Crude oil prices may fall to about
$60 a barrel in this and next quarter on weak demand from
developed countries and growing inventories, Macquarie’s oil
economist Jan Stuart said today.
Beijing to Increase Use of Solar, Wind, Nuclear Power and Electric Cars Beijing plans to build a 70 megawatt
solar power plant and a 50 megawatt biomass power plant as part
of the city’s focus on expanding the use of alternative energy,
the capital’s Development and Reform Commission said today.
Brazil to Invest $6 billion in Mozambique Biofuels Industry, O Pais Says Mozambique has signed two accords
with Brazil for a $6 billion investment in biofuel exploration,
the daily independent O Pais reported, citing António de Godoy,
chairperson of the Brazilian confederation of biofuel companies
Arranjo Produtivo Local do Alcool (APLA).
Kidney Stones, Malaria, Lyme Disease Linked to Changing Climate in Study Kidney stones, malaria, Lyme
disease, depression and respiratory illness all may increase
with global warming, researchers at Harvard Medical School said.
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