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Aramco CEO Rejects Russia LNG Project Investment Report

October 5, 2017 Irina Slav 0

Saudi Aramco has no plans at this point to invest in Arctic LNG 2, Russian Novatek’s second LNG project, the Saudi company’s chief executive Amin Nasser told media. He was in Moscow as part of a delegation led by King Salman—the first visit of a reigning Saudi monarch to Russia and a clear signal of the deepening ties between the two oil market rivals. “We are not discussing this at this stage. We are looking at opportunities for working together with the different companies. But what you mention in particular – nothing…

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Russia To Become A Leader In Energy Storage

October 5, 2017 Tsvetana Paraskova 0

Here’s a fun fact about Russia: it gets a fifth of its energy from hydropower. This might sound shocking for a country whose image is so tightly linked to oil and gas, but Russia has a lot of big rivers and it’s putting them to good use. Now, Moscow is moving into other renewables and, more interestingly, energy storage as well. Energy Minister Alexander Novak said earlier this week that Russia could find a place among the world’s leaders in solar power generation and energy storage. Russian solar panel makers, the minister added,…

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ForexLive Americas FX news wrap: US dollar finds a bid ahead of nonfarm payrolls

October 5, 2017 Adam Button 0

Forex news for New York trade in October 5, 2017:
– Harker: US essentially at the point of maximum employment
Markets:
– S&P 500 up 14 points to 2552
– US 10-year yields up 2 bps to 2.34%
The pound was battered on talk of a Conservative revolt agai…

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Cable edges below critical support level

October 5, 2017 Adam Button 0

GBP/USD technical analysis
The drop in the pound is all about political dysfunction as it drops for the fourth day in the past five and hits the lowest since September 8.
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