Posts Tagged ‘Reuters’

Solar Sector Foresees a Brighter 2010

June 4th, 2009

Demand for solar panels is expected to be robust in 2010 and beyond. With 2009 aggregate demand for solar panels expected to be flat compared to 2008, this has been a tough year so far for producers and marketers of solar panels, who had ramped up production all through 2008 based on increasing demand.
The economic [...]

Uranium One declines on Monday

June 2nd, 2009

TORONTO (miningweekly.com) – Shares in uranium-miner Uranium One started the week off on a sour note, falling 4,09% in Toronto, where most of the company’s stock is traded, and 11,2% on the JSE.
Shares in the company dropped almost 40% in Toronto on May 27, after reports out of Kazakhstan that the head of State uranium [...]

Oil hits 6-month high above $66 on economic hopes

May 30th, 2009

By Edward McAllister Edward Mcallister – Fri May 29, 3:44 pm ET
NEW YORK (Reuters) – Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
Oil prices jumped [...]

Oil steadies above $56, eyes economic data

May 18th, 2009

PERTH (Reuters) – Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session’s near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
U.S. crude for June delivery nudged up 5 cents to $56.39 a barrel by 11:48 p.m. EDT. The contract fell [...]

U.S. average gasoline price rises: survey

May 18th, 2009

PERTH (Reuters) – Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session’s near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
U.S. crude for June delivery nudged up 5 cents to $56.39 a barrel by 11:48 p.m. EDT. The contract fell [...]

KenGen to focus on geothermal to boost power

April 23rd, 2009

JOHANNESBURG, April 23 (Reuters) - Kenya’s leading power producer is seeking a total of $5 billion over the next 10 years to develop the largely untapped geothermal potential in east Africa’s biggest economy to boost power supply.
Kenya Electricity Generating Company (KenGen) (KEGN1.NR), which generates about 80 percent of the country’s power mainly from hydro sources, [...]

China may bid for Jordan’s $3.5 bln nuclear contract

April 22nd, 2009

BEIJING, April 21 (Reuters) - China National Nuclear Corp (CNNC) could join the bidding to build a nuclear power plant in Jordan worth $3.5 billion, Khaled Toukan, chairman of the Jordan Atomic Energy Commission (JAEC), said on Tuesday.
French nuclear energy producer Areva (CEPFi.PA), Korea Electric Power Corp (KEPCO) (015760.KS), Atomic Energy of Canada Ltd [...]

ANALYSIS-In big green push, Australia thinks too small on solar

April 8th, 2009

By Leonora Walet and Bruce Hextall
HONG KONG/SYDNEY, April 8 (Reuters) - At first glance, a new day seems to be dawning for the overshadowed solar sector in Australia, the world’s sunniest continent.
The government is pushing through a carbon trading scheme that will penalise big greenhouse gas emitters; a major piece of renewables legislation is due [...]

OPEC president says oil cuts supporting price

March 16th, 2009

By Henrique Almeida
VIENNA (Reuters) - OPEC’s Angolan president said on Sunday the group’s existing supply curbs had brought some stability to the market, although prices remained too low to encourage investment in new supplies.
The Organization of the Petroleum Exporting Countries decided earlier on Sunday to leave formal output targets unchanged and step up adherence to [...]

Oil rises towards $39 on Saudi cuts

January 14th, 2009

By Joe Brock
LONDON (Reuters) - Oil rose 3 percent toward $39 a barrel on Wednesday, as OPEC kept up talk of production cuts and a cold snap in the United States boosted heating oil demand.
Top exporter Saudi Arabia said on Tuesday it was prepared to go even further than cuts it had made since December [...]