Energy
Oil Rises From One-Week Low on Speculation of Demand Recovery, Weak Dollar Crude oil rose from a one-week low
on speculation demand will increase as the global economy
recovers from its worst recession since World War II.
Reliance Industries Makes Offer for Bankrupt LyondellBasell to Grow Abroad Reliance Industries Ltd., India’s
most valuable company, bid for bankrupt chemicals and fuels maker
LyondellBasell Industries AF, in what could be the South Asian
country’s biggest acquisition in two years.
Palmer Open to Talks With Rinehart on $14 Billion Australian Coal Projects Billionaire Clive Palmer would
consider sharing port and rail lines with Australia’s richest
woman Gina Rinehart to cut the combined A$15 billion ($14
billion) cost of their two Queensland coal projects.
China Longyuan Said to Seek as Much as $2.3 Billion in Its Hong Kong IPO China Longyuan Power Group Corp., the
nation’s biggest wind power producer, may raise as much as
HK$17.5 billion ($2.3 billion) in a Hong Kong initial public
offering, said three people familiar with the plan.
Rudd Seeks Vote on Climate Laws Before Australian Parliament Ends Nov. 26 The Australian government, which
intends to make an offer tomorrow to opposition lawmakers of a
revised carbon reduction proposal, said there is time to get
the plan through parliament before the session ends on Nov. 26.
Eni to Buy Heritage Oil's Ugandan Fields for $1.5 Billion, Times Reports Eni SpA, Italy’s biggest energy
company, will pay $1.5 billion for Heritage Oil Plc’s fields in
Uganda, the London-based Sunday Times reported, without saying
where it got the information.
British Government Warns of Climate Change Dangers in New Poster Campaign The British government will today
begin a poster campaign warning of the dangers of climate change,
showing how the seasons could soon look different as a result of
global warming.
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.
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.
Death Toll Climbs to 104 in China's Worst Mining Accident in Two Years China’s worst mining accident in
almost two years killed at least 104 in a coal-mine explosion in
Heilongjiang province, raising concerns of a crackdown that may
close mines and tighten supply in the world’s biggest producer.
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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