Energy Update
NEW YORK, July 26 (Reuters) - U.S. oil prices topped $50 a
barrel in June, boosting optimism a two-year price rout might
end. Six weeks later, the long hoped for recovery has yet to
take hold.
SHANGHAI, July 26 (Reuters) - Chinese iron ore miners have
called for an anti-dumping investigation into imports of the
steelmaking raw material from top suppliers Australia and
Brazil.
BEIJING, July 26 (Reuters) - China's top steelmaking
province Hebei plans to cut more than 31 million tonnes of
combined iron and steel production capacity in 2016, the
official Xinhua news agency reported on Tuesday.
MOSCOW, July 26 (Reuters) - Russian and Turkish officials
will discuss the lifting of a food imports ban that Russia
imposed after one of its bombers was downed by Turkey near the
Syrian border last November, Russian Deputy Prime Minister
Arkady Dvorkovich said on Tuesday.
MOSCOW, July 26 (Reuters) - The delegations of Russia and
Turkey discussed on Tuesday the resumption of the TurkStream
project aiming to build a natural gas pipeline from Russia to
Turkey, but no decision was reached yet, Russia's Deputy Energy
Minister Yury Sentyurin said.
LONDON, July 26 (Reuters) - UK shares opened in positive
territory on Tuesday, driven by gains in engineering firm GKN
and BT, though UK housebuilders fell after a
series of price target cuts.
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.
ABU DHABI, July 26 (Reuters) - A solar-powered aircraft
successfully completed the first fuel-free flight around the
world on Tuesday, returning to Abu Dhabi after an epic 16-month
voyage that demonstrated the potential of renewable energy.
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