Energy Update
BOSTON, Aug 12 (Reuters) - Billionaire hedge fund manager
David Tepper cut back on some of his biggest bets in the energy
sector and sold off other names during the second quarter,
according to a regulatory filing on Friday.
UNITED NATIONS, Aug 12 (Reuters) - The United Nations
Security Council on Friday authorized the deployment of a
4,000-strong protection force in South Sudan's capital, Juba, as
part of the U.N. peacekeeping mission and threatened an arms
embargo if the government does not cooperate.
JUBA, Aug 12 (Reuters) - South Sudan will not accept a
4,000-member United Nations protection force to ensure peace in
its capital Juba and will not to cooperate with the world body,
a spokesman for President Salva Kiir said on Friday after the
U.N. Security Council authorized the troops.
UNITED NATIONS, Aug 12 (Reuters) - The United Nations
Security Council authorized on Friday the deployment of a
4,000-strong protection force in South Sudan's capital, Juba, as
part of the U.N. peacekeeping mission and threatened an arms
embargo if the government does not cooperate.
In Washington, the U.S. Department of Energy announced up to $11.3 million for three projects that support the development of biomass-to-hydrocarbon biofuels conversion pathways that, as the DOE remarked, “can produce variable amounts of fuels and/or products based on external factors, such as market demand.”
Aug 12 (Reuters) - U.S. drillers this week added oil rigs
for a seventh consecutive week, the longest recovery streak in
the rig count in over two years, even as analysts revise down
rig count growth forecasts and energy firms become more cautious
the longer crude holds below $50 a barrel.
Aug 12 (Reuters) - North Dakota's daily oil production will
soon drop below 1 million barrels if it has not already done so,
a level not seen since the summer of 2014, and a recovery would
take at least a year, state regulators said on Friday.
MEXICO CITY, Aug 12 (Reuters) - A firebrand leftist who
twice narrowly missed becoming Mexico's president is riding high
with a fresh bid for election in 2018, vowing to upend a
landmark energy sector opening championed by President Enrique
Pena Nieto.
Aug 12 (Reuters) - U.S. drillers this week added oil rigs
for a seventh consecutive week, according to a closely followed
report on Friday, even as analysts revise down rig count growth
forecasts and energy firms become more cautious the longer crude
holds below $50 a barrel.
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