Energy Update
ISTANBUL/MOSCOW, Aug 6 (Reuters) - As Turkey's relations
with Europe and the United States are strained by the fallout
from its failed coup, President Tayyip Erdogan travels to Russia
on Tuesday to meet Vladimir Putin in a trip he may hope will
give the West pause for thought.
ANKARA, Aug 6 (Reuters) - At least one person was killed and
three others injured in an Iranian gas pipeline explosion early
on Saturday near the town of Gonaveh in the southern province of
Bushehr, a local official told state news agency IRNA.
SAN FRANCISCO, Aug 5 (Reuters) - Tesla Motors Inc
on Friday disclosed $1.1 billion in third quarter cash
requirements in payments and planned expenditures, about a third
of the cash on hand mid-year, in a new sign of pressure on the
electric vehicle maker.
(Adds natural gas prices, background)
Aug 5 (Reuters) - U.S. natural gas speculators boosted their
net longs for the first week in three, betting prices will rise
as production eases and power demand remains high to meet air
conditioning use during a hotter-than-normal summer.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 25,904 contracts to 114,842 in the week to
Aug 5 (Reuters) - U.S. natural gas speculators boosted their
net longs for the first week in three, betting prices will rise
as production eases and power demand remains high to meet air
conditioning use during a hotter-than-normal summer.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 25,904 contracts to 114,842 in the week to
Aug. 2, the U.S. Commodity Futures Trading Commission said on
Friday.
MILAN, Aug 5 (Reuters) - Asian spot liquefied natural gas
(LNG) prices fell this week as new supply from Russia's Sakhalin
plant and weakening demand from Egypt helped snap a months-long
rally.
Aug 5 (Reuters) - U.S. drillers this week added oil rigs for
a sixth consecutive week, according to a closely followed report
on Friday, despite crude prices falling to April lows below $40
a barrel this week.
BRASILIA, Aug 5 (Reuters) - The former chief executive of
Brazil's largest construction firm Odebrecht SA has been in
hours of negotiations with prosecutors over a plea deal that
would detail illegal campaign donations to dozens of senior
politicians, the daily O Globo reported Friday.
Aug 5 (Reuters) - U.S. drillers this week added oil rigs for
a sixth consecutive week, according to a closely followed report
on Friday, despite crude prices falling to April lows below $40
a barrel this week.
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