Energy Update
SAO PAULO, Aug 9 (Reuters) - Enel Green Power,
controlled by Italy's Enel, plans to accelerate by one
year the beginning of construction of three hydroelectric
projects requiring investments of 1 billion reais ($316 million)
in Brazil's Mato Grosso state, the company told Reuters on
Tuesday.
WASHINGTON, Aug 9 (Reuters) - The U.S. State Department has
approved the potential sale of more than 130 Abrams battle
tanks, 20 armored recovery vehicles and other equipment, worth
about $1.15 billion, to Saudi Arabia, the Pentagon said on
Tuesday.
KHARTOUM, Aug 9 (Reuters) - Talks to secure a lasting
ceasefire in Sudan's three war-ravaged regions began on Tuesday,
a day after an opposition coalition signed on to a roadmap for
ending hostilities and achieving political reconciliation.
ST PETERSBURG, Russia, Aug 9 (Reuters) - Russia will phase
out sanctions against Turkey step-by-step but the priority is to
bring bilateral ties between the two countries to their
pre-crisis level, Russian President Vladimir Putin said on
Tuesday.
JOHANNESBURG, Aug 9 (Reuters) - Thousands more workers at
South African power stations plan to join a strike on Wednesday
over pay at state-run utility Eskom, their union said on
Tuesday.
Ana-Maria Tolbaru talks on the likely impact on France of it increasing the operating costs for coal generators with the introduction of a new carbon price floor or a coal tax starting in 2017.
LONDON, Aug 9 (Reuters) - The enormous concentration of
bearish short positions in U.S. crude oil futures and options
contracts by hedge funds and other money managers left the
market ripe for a short-covering rally.
The Tesla-SolarCity merger talks have been dominating headlines of late. While Elon Musk’s demagoguery is a welcome reprieve from the political demagoguery that is otherwise competing for space above the fold — at Navigant Research, we aren’t exactly surprised by the move.
LONDON, Aug 9 (Reuters) - The volume of crude held in
floating storage off Britain's coast has grown this year due to
excess supply, trade sources say, helping to put a cap on some
parts of the Brent market which helps set global prices.
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