Industry Summits
OPEC says Saudi to host oil talks
LONDON (Reuters) - Saudi Arabia will host a meeting of oil producers and consumers on June 22 to discuss record-high prices that are unbearable, OPEC's Secretary General said on Tuesday. Full Article
Cairn bets on big Greenland oil find
LONDON (Reuters) - Greenland could have billions of barrels of oil but the costs of extracting it will be high and any developments are a long way off, the chief executive of Cairn Energy PLC said on Friday. Full Article
Europe power trade to grow, prices rise: RWE
LONDON (Reuters) - Wholesale power trading in Europe will continue last year's strong growth as more electricity crosses borders, markets converge and prices rise even more, a major market-maker said on Wednesday. Full Article
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EU needs fewer energy bourses: EEX
LONDON (Reuters) - Europe should reduce the number of power and gas exchanges to a handful of competing bourses, the chief executive of German energy exchange EEX, Hans-Bernd Menzel, said on Wednesday. Full Article
Capturing carbon not so far out of reach: RWE
LONDON (Reuters) - Projects to capture and store carbon (CCS), often regarded as commercially impossible, could be viable with carbon prices of less than 100 euros, the chief executive at Germany's RWE Supply & Trading said on Wednesday. Full Article
RWE sees better Q2 trading
LONDON (Reuters) - German utility RWE has been "pleasantly surprised" by the results of its energy trading unit in the second quarter, an executive said on Wednesday, after declining profits from the unit led to an unexpected drop in first-quarter group earnings. Full Article
Suntech sees costs halving in 5 years
LOS ANGELES (Reuters) - Solar cell maker Suntech Power Holdings Co Ltd's silicon costs per watt should drop to $1 in the next five years, about half of current levels, enabling its products to compete without government incentives, a top executive said on Tuesday. Full Article
SunPower view solid despite tax credit
NEW YORK (Reuters) - Solar power company SunPower Corp will meet its financial forecasts this year and in 2009, even if the U.S. government fails to renew tax incentives that expire at the end of the year, Chief Executive Officer Tom Werner said on Tuesday. Full Article
NRC head says Yucca OK may be delayed
WASHINGTON (Reuters) - The U.S. Nuclear Regulatory Commission (NRC) lacks the funds needed to weigh a license request from the Energy Department to build a nuclear waste repository in Nevada within four years, the agency's head said on Tuesday. Full Article | Video
Canada oil firms again eyeing at Asia market: CAPP
NEW YORK (Reuters) - North American pipeline infrastructure should be sufficient to handle growing Canadian oil production through 2012, but producers are starting to look seriously at Asian markets for the future, the head of the Canadian Association of Petroleum Producers (CAPP) said on Tuesday. Full Article
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