Energy Update
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.
HOUSTON, Aug 5 (Reuters) - Venezuelan crude sales to the
United States increased to 817,806 barrels per day (bdp) in
July, the highest level since November, due to larger exports of
grades produced in the vast Orinoco Belt, according to Thomson
Reuters trade flows data.
Brookfield Renewable Partners LP is weighing the sale of its Ontario and Irish wind farm portfolios as low interest rates create an attractive market for such assets.
Apple Inc., which spent $850 million last year on a 130-MW solar farm near San Francisco, can begin selling power into wholesale markets in the latest foray by a technology company into the energy business.
SINGAPORE, Aug 5 (Reuters) - Oil traders on Friday were
lamenting the imminent demise of their main communication tool,
Yahoo Messenger, which has been an industry standard since the
late 1990s.
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