Energy Update
SYDNEY, July 26 (Reuters) - Australian farmers are holding
on to their wheat stocks and refraining from locking in deals
for future sales, on hopes a La Nina weather event later this
year will dent global output and lift prices from current
10-year lows.
SAO PAULO, July 26 (Reuters) - Energisa SA will likely price
an offering of new stock near the upper end of a suggested range
on Tuesday, said three people involved in the deal, signalling a
stronger industry outlook may bolster plans by Brazil's No. 6
power distributor to cut debt.
WASHINGTON, July 26 (Reuters) - The top state prosecutors in
New York and Massachusetts said on Tuesday they will refuse to
comply with a subpoena from U.S. congressmen for details on
their investigations into whether Exxon Mobil misled investors
on climate change risks.
July 26 (Reuters) - Oil and gas producer Anadarko Petroleum
Corp reported a smaller-than-expected quarterly loss as
it cut costs to counter a prolonged slump in crude prices.
NEW YORK, July 26 (Reuters) - Valero Energy Corp,
the largest U.S. refiner, expects to get hit with a
half-billion-dollar bill in the second half of the year thanks
to the rising cost of meeting government mandates to blend
biofuels.
WINNIPEG/CALGARY, July 26 (Reuters) - An oil spill into a
major Canadian river from a Husky Energy Inc pipeline
started last Wednesday evening and crews did not arrive on site
until the following morning, the company said on Tuesday.
JUBA, July 26 (Reuters) - South Sudanese leader Salva Kiir
accused his sacked vice president and rival Riek Machar on
Tuesday of seeking to topple him and declare himself president
earlier this month when fighting broke out between their forces.
WASHINGTON, July 26 (Reuters) - New York state's attorney
general on Tuesday said his office will not comply with a
subpoena issued by U.S. congressmen for details on its probe of
whether Exxon Mobil misled investors on climate change risks,
saying it interferes with the state's "sovereign" interests.
SAO PAULO, July 26 (Reuters) - Energisa SA, Brazil's
sixth-largest power distributor, is expected on Tuesday to price
an offering of units at 18.50 reais each, closer to the upper
end of a suggested range, two sources familiar with the deal
said.
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