User: ayyati Topic: Energy
Category: Conventional :: Oil and Gas
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Saudi, Iran set to clash over OPEC oil output targets | Reuters 2.6.2016 FirstPost: Bollywood

VIENNA OPEC is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday, with Riyadh trying to revive coordinated action and set a formal oil output target but Tehran rejecting the idea. Tensions between the Sunni-led kingdom and the Shia Islamic Republic have been the highlights of several previous OPEC meetings, including in December 2015 when the group failed to agree on a formal output target for the first time in years. Several OPEC sources said Saudi Arabia and its Gulf allies would propose to set a new collective ceiling in an attempt to repair OPEC's waning importance and end a market-share battle that has sapped prices and cut investment

The post Saudi, Iran set to clash over OPEC oil output targets
| Reuters
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Philippines won’t be ‘lackey’ to anyone – incoming foreign minister | Reuters 2.6.2016 FirstPost: Bollywood

MANILA The Philippines will not distance itself from its long-time security ally, the United States, but neither will it be a lackey to any foreign power, incoming Foreign Minister Perfecto Yasay told Reuters on Wednesday. In his first interview with the foreign media since being appointed by President-elect Rodrigo Duterte, the lawyer by training sought to underline the Philippines' independence in dealing with disputes with China over the South China Sea.

The post Philippines won’t be ‘lackey’ to anyone – incoming foreign minister
| Reuters
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Gulf OPEC members seek joint action on oil output | Reuters 2.6.2016 FirstPost: Bollywood

VIENNA Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact. "The Gulf Cooperation Council is looking for coordinated action at the meeting," the source said, referring to a group combining OPEC's biggest producer Saudi Arabia and its Gulf allies Qatar, Kuwait and the United Arab Emirates

The post Gulf OPEC members seek joint action on oil output
| Reuters
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OPEC ministers say oil market moving in right direction 2.6.2016 Latest News
Some of the world's biggest oil traders said accelerating demand is also helping to rebalance the market
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Gulf Opec members seek joint action on oil o... 1.6.2016 TOI: All Headlines
Gulf Opec members seek joint action on oil o...
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India among top 5 in 2015 in green energy spending: Report 1.6.2016 New Kerala: India News
New Delhi, June 1 : India was among the top five countries in 2015 in terms of investment in renewable energy, solar photovoltaic (PV) and solar water heating capacity, wind and hydropower capacity, according to a global renewables report released on Wednesday.
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Kanika Datta: Public sector's sustainable 'advantage' 1.6.2016 Latest News
The roots of the Indian public sector's structural deficiencies are deeply embedded within the political economy
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US factory activity expands, construction spending tumbles 1.6.2016 News
Manufacturing remains constrained by the lingering effects of dollar's surge and oil price plunge
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Modi is our most Nehruvian prime minister 1.6.2016 Rediff: Columns
Like Nehru, Modi is loathe to touch the public sector.
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US STOCKS-Wall St pares losses on encouraging U.S. factory data 1.6.2016 Sify Finance
* Oil prices retreat; China factory activity slows
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India, Lanka Officials Yet To Discuss Change Of Fuel In Sampoor Power Plant 1.6.2016 newindianexpress.com
The Lankan market is too small to locate a large LNG terminal, though it is possible to have smaller terminals.
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Iran says markets have absorbed its rising oil exports 1.6.2016 Latest News
'Doubling of exports of Iranian oil has had no negative impact on the market,' said Iran's oil Minister
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Konkan Railways notches Rs 120 crore profit in 2015-16 1.6.2016 TOI: Goa
Continuing its steady performance, Konkan Railway Corporation limited has seen a 22% growth in its overall earings and has posted a Rs 120 crore net profit for the financial year 2015-16. The figure has been due to the strong earnings from freight movement and passenger, traffic chairman and managing director Sanjay Gupta said.
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Sensex, Nifty outperform global markets on uptick in economic growth 1.6.2016 Latest News
In the broader market, the BSE Midcap index slipped 0.3% while BSE Smallcap index up 0.2%
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Gulf OPEC members seek joint action on oil output 1.6.2016 Latest News
The group meets on Thursday to revive the idea of coordinated oil-output action by major producers
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Sensex back in green, rises 46 pts on macroeconomic data 1.6.2016 newindianexpress.com
A series of domestic positive factors like forecast of an 'above-monsoon' rains, encouraging Q4 earnings drove markets.
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‘India a giant importer of energy, food, manufactured products’ 1.6.2016 TOI: All Headlines
‘India a giant importer of energy, food, manufactured products’
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Record increase in global spending on clean energy in 2015: Study 1.6.2016 FirstPost: India

Wind and solar power were the biggest winners, with more than half of the money committed to renewables in 2015 spent on harnessing the sun's energy.

The post Record increase in global spending on clean energy in 2015: Study appeared first on Firstpost.

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Don't think petrol prices will rise too much: Saugata Bhattacharya, Axis Bank 1.6.2016 ET: Opinion
"The GFCF numbers vis-à-vis the IIP capital goods numbers, I think they are more in line."
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GAIL, NTPC and Petronet LNG aim to regain ground in Sri Lanka 1.6.2016 ET: Power
Sri Lanka recently informed India that it was cancelling the proposal for the 500mw coal-fired power plant due to public protests over pollution.
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