Energy Update
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.
(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.
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.
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.
MEXICO CITY, Aug 2 (Reuters) - Tropical Storm Earl bore down
on Central America's Caribbean coastline late on Wednesday,
strengthening as it was expected to strike land in the next few
hours, the National Hurricane Center (NHC) said.
Aug 2 (Reuters) - Contract driller Nabors Industries Ltd
reported a smaller-than-expected quarterly loss as costs
fell, sending its shares up 3.6 percent in extended trading.
HOUSTON, Aug 2 (Reuters) - The U.S. Chemical Safety Board
said on Tuesday workers were injured in incidents between 2010
and 2014 at Tesoro Corp's San Francisco Bay-area
refinery in Martinez, California because of a weak safety
culture the company permitted to exist.
SAO PAULO, Aug 2 (Reuters) - Investors eyeing Brazil's
auction to privatize state-owned utility Celg-D said its heavy
debt and the high minimum price could jeopardize the Aug. 19
sale.
Jenn Runyon, Chief Editor of Renewable Energy World and Paula Mints, Chief Market Research Analyst with SPV Market Research discuss three hot topics in the global solar industry for three minutes each. Today’s topics are New York’s announcement of a new renewable portfolio standard (RPS) of 50 percent renewables by 2030; Intersolar North America; and the Tesla/SolarCity merger.
The show is filmed at 3PM eastern and uploaded to the website by 3PM pacific time. Take a look.
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