CNBC Utilities Page Wires

  • *Quiet trading week amid trade show in Barcelona. SINGAPORE, Sept 21- Asian spot liquefied natural gas prices weakened this week as demand slowed after a flurry of purchases in September and with many players attending a major trade conference in Barcelona. Rising crude prices and spot demand from Japan, South Korea and China ahead of peak winter demand for...

  • LONDON, Sept 21- Italian bond yields fell on Friday as investors awaited clarity on the 2019 budget and after the 5- Star Movement denied a report that Deputy Prime Minister Luigi Di Maio had threatened to pull his party out of the government. Di Maio confirmed flat tax, new rules over pensions and 5- Star's policy of a universal income for poorer Italians would be...

  • SHANGHAI/ BEIJING, Sept 21- China's ability to stabilize the yuan in recent weeks despite weak economic data and a further escalation in its trade war with the United States is reinforcing expectations that the central bank will cut banks' reserve ratios again within weeks. Such a move would underscore shifting policy priorities in Beijing, with growth...

  • LONDON— British Prime Minister Theresa May's Brexit blueprint is in tatters after it was rejected by the European Union at a summit the U.K. media branded a "humiliation." European Council President Donald Tusk said bluntly at a meeting in Salzburg, Austria, Thursday that parts of May's plan simply "will not work," while French President Emmanuel Macron called...

  • MELBOURNE, Sept 21- When the song "Eagle Rock" played at a bar in an outback Australian mining town of Kalgoorlie late one night, a dozen young men scattered around a pool table dropped their trousers and heartily sang along in their underwear. Later that night, they piled behind the counter of the bar attached to the Western Australian School of Mines, singing an...

  • MELBOURNE, Sept 21- When the song "Eagle Rock" played at a bar in an outback Australian mining town of Kalgoorlie late one night, a dozen young men scattered around a pool table dropped their trousers and heartily sang along in their underwear. Later that night, they piled behind the counter of the bar attached to the Western Australian School of Mines, singing an...

  • *Shanghai bourse debuts new copper options. *Part of China's push to develop derivatives trading. BEIJING, Sept 21- China's top state copper companies threw their weight behind Shanghai's first copper options on Friday, with early turnover trouncing its New York rival and raising a challenge to the 141- year-old London bourse in the $270 billion global market.

  • *Pretax profit 600 mln stg as pricing, growth improves. *Bounce back from 2 bln stg annual loss in 2017. LONDON, Sept 21- Insurance market Lloyd's of London bounced back from a tough 2017 after ditching some loss-making business, although weak investment returns saw first-half pretax profit halve from a year ago.

  • LONDON, Sept 21- European shares rose strongly at the open on Friday, extending their gains from the previous session as a relief rally due to easing fears of a trade war helped Wall Street hit record highs, while Asian shares also rose further overnight. At 0730 GMT, euro zone blue chips were up 0.7 percent and heading into a 10th straight session of gains, a...

  • SHANGHAI, Sept 21- China's stock markets surged on Friday before a long holiday weekend, with investor sentiment boosted by hopes that a government effort to boost domestic demand could help offset effects of an escalating trade war. It was the Shanghai index's best week since March 2016. A detailed document issued late Thursday by the State Council, China's...

  • BERLIN— A German energy executive whose company plans to clear an ancient forest to expand a lignite strip mine says it's an "illusion" to think the woodland can be saved, and halting the project would cost his firm up to 5 billion euros. RWE wants to start cutting down half the Hambach forest in western Germany. RWE chief executive Rolf Martin Schmitz told ZDF...

  • TOKYO, Sept 21- Japanese stock indexes hit multi-month highs on Friday as ebbing concerns about global trade tensions and bullish views on the U.S. economy supported commodities and manufacturing firms. The next milestone is the 24,129.34 level hit on Jan. 23, a break of which would put the index at its highest since November 1991. Earlier this week, China added $60...

  • OPEC, its allies to gather on Sunday in Algeria. OPEC and its allies are scheduled to meet on Sunday in Algeria to discuss how to allocate supply increases to offset a shortage of Iran supplies due to U.S. sanctions. Trump's remarks just days before the OPEC meeting put "a focus on the likely supply impacts of U.S.-led Iran sanctions", said Stephen Innes, head of...

  • PARIS, Sept 21- The French economy eked out meagre growth in the second quarter as households saved extra cash gained from a rebound in purchasing power, crimping consumer spending, official data showed on Friday. The INSEE statistics agency said the economy grew 0.2 percent in the three months to the end of June, unchanged from a previous estimate and the same...

  • WASHINGTON— President Donald Trump's former personal lawyer says he is providing "critical information" as part special counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. election and possible coordination between Russia and the Trump campaign. Michael Cohen, who pleaded guilty to campaign finance and other charges last...

  • *China needs higher grade, less polluting ore as it battles smog. China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies. The push to get contracts for quality ore is gathering pace as China gears up to enforce industrial production limits on...

  • MELBOURNE, Sept 21- London copper popped to its highest in six weeks on Friday and targeted its biggest weekly advance in 15 weeks as investors expected trade tariffs to have a softer impact on global growth than feared. *SHFE: Shanghai Futures Exchange copper rose above 50,000 yuan for the first time in six weeks and was last up 0.8 percent at 49,820 yuan.

  • EMIRATES NATIONAL OIL CO CHARTERS AT LEAST ONE VESSEL TO STORE JET FUEL- SOURCES.

  • SINGAPORE, Sept 21- Emirates National Oil Company has chartered at least one vessel to store jet fuel to ensure supply to airlines in Dubai as pending U.S. sanctions on Iran have cut off its access to feedstocks for producing the aviation fuel, said several industry sources. ENOC has chartered the Suezmax-sized tankers Portman Square and NS Africa for 30 to 60...