Energy Update
Aug 3 (Reuters) - U.S. refiner HollyFrontier Corp
reported a quarterly loss, compared with a year-earlier profit,
as it took a $654.1 million impairment charge amid weak refining
margins.
LONDON, Aug 3 (Reuters) - A consortium led by private equity
firm Apollo Global Management has emerged as the
frontrunner for Anglo American's metallurgical coal
mines in Australia, valued at up to $1.5 billion, two sources
familiar with the matter told Reuters.
Leave it to ExxonMobil Chemical and Sabic to do it big.
NEW YORK, Aug 3 (Reuters) - Investors in junk-rated energy
bonds, who have made a mint this year betting on this battered
sector, are paring their holdings as oil flirts with
sub-$40-a-barrel levels on concerns about a persistent overhang
in supply and choppy demand.
We published some incredible numbers for the global wind market in February this year, the global cumulative installed capacity reaching 433 GW at the end of 2015.
(Wed, 03 Aug 2016) Movements of crude oil by rail within the United States averaged 443,000 barrels per day (b/d) in the first five months of 2016, down 45% from the same period last year. Fewer shipments of crude oil by rail from the Midwest (PADD 2) to the East Coast (PADD 1) account for about half of the decline.
MEXICO CITY, Aug 2 (Reuters) - Tropical Storm Earl bore down
on Central America's Caribbean coastline late on Wednesday,
strengthening as it was forecast to strike land as a hurricane,
the National Hurricane Center (NHC) said.
SYDNEY/WELLINGTON, Aug 3 (Reuters) - Australian shares fell
on Wednesday as concerns over wholesale funding of the country's
financial sector pushed the benchmark index to a near two-week
low.
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