Apple's stock soars, but energy and industrials weigh on the market

collected by :Victor Alphen

Already the most valuable company in the U.S., Apple was the biggest gainer of any S&P 500 stock Wednesday and the technology giant finished at another record high. That made up for a lot of losses elsewhere in the market.

Italy's Eni sees earnings soar on stronger energy market

MILAN — Italian oil and gas company Eni says second-quarter profits soared on higher oil prices and production. Eni on Friday reported net profit of 1.25 billion euros ($1.45 billion) in the quarter, compared with 18 million euros in the same period last year. Eni cited a 36-per cent increase in the price of crude oil. CEO Claudio Descalzi said the results were driven by the exploration and production business "which more than tripled its contribution."Production in the second quarter was 1.86 million barrels of oil equivalent a day, 5 per cent higher than a year earlier, thanks to ramp-ups in Egypt, Indonesia, Congo and Ghana. Net debt was the lowest in 11 years, below 10 billion euros, thanks to the sale of a 10-per cent stake in the Zohr field off Egypt.

Harmonized regulatory frameworks key to vibrant regional energy market – Mediamax Network Limited

as declared in "The region has enormous unexploited natural resources required for power sector development," he observed during a meeting that brought together communications experts, journalists and energy experts from five Regional Economic Communities, Regional Association of Energy Regulators, Regional Power Pools, Renewable Energy, Energy Efficiency Centres and regional power pools. Its objective is to harmonize regulatory frameworks and capacitate regional energy regulators and power pools to foster a vibrant energy market. The country's current electricity access is at 73 per cent in comparison to 23 per cent in 2013," he said at a Nairobi hotel. Speaking at the same event, Secretary for Electrical Power Development, Ministry of Energy, Kenya, Eng. The training ends, Tuesday July 31, 2018 with a visit to the wind power project at the Ngong Hills near Nairobi City.

Reset climate policy to fix energy market

In releasing yet another report on electricity prices, ACCC chairman Rod Sims said that the energy market is ''broken''. What is needed is not a repair job on the whole electricity market but a clear decision on climate change policy. ACCC chief Rod Sims says the energy market is broken. The electricity market basically works except Australia cannot establish how fast to cut its greenhouse gas emissions and make the transition from coal to renewables. An industry-wide carbon price is more cost effective than the piecemeal subsidies such as the Renewable Energy Target or Solar Feed-in-Tariffs which the ACCC criticises.

EDITORIAL: Environmental groups oppose Question 3, embrace a monopoly energy market in Nevada

The green energy industry has never been much for markets. Green energy producers insist many consumers profess a desire to use renewables. If consumers want green energy, wouldn't giving them the choice to buy it advance the cause? There's uncertainty about everything — including whether green energy can ever entirely meet the state's needs at a reasonable cost. In short, they worry that electricity users won't make the "right" decision if they have the freedom to choose.