Energy
Crude Declines a Second Day as Dollar Rebounds, Cutting Investor Demand Crude oil dropped for a second day
as the dollar rebounded against the euro, cutting the appeal of
commodities to investors as an inflation hedge.
EDF Reaches One-Month High on Prospects for French Power Law Debate in May Electricite de France SA, Europe’s
biggest power generator, rose to a one-month high in Paris
trading after a deputy said a long-planned electricity law would
go before parliament earlier than expected.
Wind, Solar Energy Share Offers May Rise This Year, Morgan Stanley Says Renewable energy companies may tap
financial markets for more funds this year instead of looking to
mergers with utilities as a way of funding expansion, said
Morgan Stanley, manager of the most initial public offerings for
the industry in 2009.
Korea Electric May Bid For Extract Resources Stake, Sending Shares Surging Korea Electric Power Corp. and
state-run Korea Resources Corp. may make a joint bid for a stake
in Extract Resources Ltd., an Australian explorer that owns a
uranium mine in Namibia, to obtain supplies of the nuclear fuel.
Uranium Price May Gain on China Nuclear Fuel Demand, Energy Resources Says Energy Resources of Australia Ltd.,
the uranium producer controlled by Rio Tinto Group, said the
global financial crisis created a slump in new mine development
that may lead to improved prices for the nuclear fuel.
RBS Cuts Loans to Renewable Energy Projects, Snubbing Brown's Initiative Royal Bank of Scotland Group Plc,
historically the biggest commercial lender for renewable energy
projects, has scaled back loans to the industry since the U.K.
government bailed out the company in 2008.
Arrow Shares Halted in Sydney Ahead of Announcement on Shell Takeover Bid Arrow Energy Ltd. was halted from
trading in Sydney amid speculation Royal Dutch Shell Plc and
PetroChina Co. will sweeten their A$3.3 billion ($3 billion)
takeover offer.
Queensland Coal Ports, Rail Lines Closed as Cyclone Ului Nears Australia Queensland coal ports and rail
lines have been closed while mineral producers brace for the
impact of Tropical Cyclone Ului as it bears down on the
northeast Australian coast.
Asia Fuel Oil Swaps Rise on `Storage Plays'; Gasoil, Naphtha Drops: Wrap Asian front-month fuel oil swaps
retraced yesterday’s losses on speculation that traders
attempting “storage plays” were shoring up demand for prompt
cargoes, while gasoil swaps fell in tandem with crude prices.
Alcoa Gets Energy Chill Despite Australia's $130 Billion Natural Gas Boom Australia is attracting more than
$130 billion of investment in some of the world’s richest
natural gas fields to supply buyers in Japan and China. Domestic
customers, including Alcoa Inc., will have to wait.
Sindicatum Carbon Capital Looks to Raise $100 Million for Clean Energy Sindicatum Carbon Capital Ltd., the
developer of clean-energy projects that’s partly owned by
Citigroup Inc. and Cargill Inc., may raise about $100 million in
equity to boost investments, the chief executive officer said.
Hungary Says Big Trader Bought Used Credits From UN, Rattles CO2 Market One of “the biggest trading
houses” in Europe bought used UN credits from Hungary before
they re-entered the bloc’s emissions market, Hungarian Energy
Power Kft said, raising new concerns about carbon trading.
Enel Will Ask Banks to Bid to Arrange Green Power Share Sale, Conti Says Enel SpA plans to seek banks this
month to advise on the initial public offering of its renewable
energy unit, likely to be Europe’s largest since 2007.
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