Energy Update
LONDON, July 30 (Reuters) - Theresa May was unhappy with the
"gung-ho" approach her predecessor took to Chinese investment in
Britain, a former colleague said on Saturday, after the new
British prime minister cast into doubt a high-profile
Chinese-funded nuclear project.
WASHINGTON, July 29 (Reuters) - The United States said on
Friday it would allow foreign airlines to fly U.S.-made aircraft
to Iran, providing greater assurance to aviation companies as
Iran tries to re-establish trade and business links following
the lifting of sanctions.
TORONTO, July 29 (Reuters) - Canada's main stock index rose
on Friday, as its large energy sector recouped some losses from
earlier in the week with oil prices steadying, and miners gained
with gold trading at a three-week high.
(Adds details on gas futures, background)
July 29 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in a row, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 2,609 contracts to 88,939 in the week to
July 29 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in a row, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 2,609 contracts to 88,939 in the week to
July 26, the U.S. Commodity Futures Trading Commission said on
Friday.
WASHINGTON, July 29 (Reuters) - U.S. economic growth
unexpectedly remained tepid in the second quarter as inventories
fell for the first time in nearly five years and business
investment weakened further, offsetting robust consumer
spending.
HOUSTON, July 29 (Reuters) - Chevron Corp posted its
worst quarterly loss since 2001 on Friday and Exxon Mobil Corp
reported a 59 percent slide in profit, as the long crude
price rout and tumbling refining income inflicted
pain across the energy sector.
YENAGOA, Nigeria, July 29 (Reuters) - Nigeria is deploying
troops into strategic positions in the Niger Delta to prepare to
use force against militants if peace talks fail, defence chiefs
said on Friday.
BRASILIA, July 29 (Reuters) - Interim President Michel Temer
believes the end of the impeachment trial of suspended President
Dilma Rousseff, expected next month, will greatly boost
investment and confidence in Brazil and help restore its
creditworthiness.
July 29 (Reuters) - U.S. drillers this week added oil rigs
for a fifth consecutive week as part of the biggest monthly rig
count increase in over two years, Baker Hughes Inc said
on Friday.
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