Given the scale of the original reaction to troubles at Japan’s Fukushima-Daiichi nuclear plant, it’s interesting to see the degree to which uranium ore prices have stabilized since March. Especially since the crisis itself is doing anything but.
Indeed, via RBC Capital markets on Wednesday:
Shares in Rosneft were up 1.7 per cent on Wednesday, boosted by a buyback plan that is widely seen in Russia as preparation for the state-controlled group’s planned controversial stock- swap with BP.The modest $200m stock buyback announced late on Tuesday is hardly a game-changer in the context of the multi-billion dollar dispute raging around the proposed Rosneft-BP deal and the opposition generated from BP’s existing Russian partner, AAR. But, given the timing, it looks like Rosneft is increasing the pressure to try to secure a deal.
Energy headlines: Exxon chief says BP lost time
- Exxon chief says BP lost time – FT
- Potential oil-spill plaintiffs race to hit deadline – WSJ
- BP clean-up costs to soar, say experts – FT
- BP’s transformation still has a long way to go – The Telegraph
- Silent minute to mark year of change at BP – FT
- US to issue ‘ambitious’ offshore drilling rule – Argus
- Spill’s toll on oil output grows clearer – WSJ
- Oil dips below $120 on demand fears – The Telegraph
- Obama blames speculators for oil price rises – FT
- TNK-BP: Time to pay out and move on – FT Lex
- System bred Tepco’s cosy links to watchdogs – FT
- Tepco’s LNG imports to jump 50% – Bloomberg
- EDF shares jump on nuclear-price increase – WSJ
- NRG Energy set for $481m writedown – FT
- Protest against Indian nuclear plant turns violent – WSJ
- Italy freezes return to nuclear power – FT
- Ukraine raises $785m to seal Chernobyl under ‘shell’ – The Guardian
- Chernobyl’s guide to tyranny – Peter Barber, FT
- France mulls banning shale exploration – WSJ
- UK Coal chairman pledged ‘fundamental overhaul’ – FT
- The new battle of the coalfields – The Times
- Power shortages loom in China – NY Times Green blog
- Vedanta buys stake in Cairn India – FT
- Solar panels take to the water – NY Times
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