Energy Update

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With just over 70 days left until the general election, presidential candidates Hillary Clinton and Donald Trump offer voters two very different visions for the country’s energy agenda and the future of renewables.

PARIS, Sept 2 (Reuters) - The German spot power price for
early next week delivery rose on Friday on an expected decline
in solar power output. The year-ahead contract was under
pressure as oil futures fell.

* Sale will be complicated by sanctions, volatile markets

(Adds details, quotes, background)

OTTAWA, Sept 2 (Reuters) - The labor productivity of
Canadian businesses in the second quarter of 2016 fell by 0.3
percent, reflecting the damage caused by a major wildfire in
Alberta, Statistics Canada said on Friday.

Last week’s announcement by US company Apache of a major find in West Texas’ Permian Basin seemed to vindicate recent optimism about shale.

* Rise in U.S. oil inventories, weak manufacturing data
weigh

MOSCOW, Sept 2 (Reuters) - Russian President Vladimir Putin
said on Friday the government should not discriminate against
any market players willing to bid in the privatisation of oil
producer Bashneft, according to a transcript of his
interview with Bloomberg.

MOSCOW, Sept 2 (Reuters) - Russian President Vladimir Putin
said a possible oil output freeze deal could involve some
compromise on Iran's production levels, Bloomberg news agency
quoted him as saying in an interview on Friday.

MOSCOW, Sept 2 (Reuters) - Russian President Vladimir Putin
said he hoped for an agreement on an oil output freeze and it
would be the right decision for the global oil market, Russian
news agencies reported on Friday, quoting an interview Putin
gave to Bloomberg.

TAMPA, Fla., Sept 2 (Reuters) - Growing winds and driving
rain from Hurricane Hermine lashed Florida's northern Gulf Coast
on Friday as power outages left tens of thousands of households
in the dark in what the state's governor warned would be a
potentially lethal storm.

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