Energy Update
LONDON, July 25 (Reuters) - Hedge funds have been
liquidating their former record bullish position in crude
futures and options putting downward pressure on oil prices in
recent weeks.
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 and demonstrating the potential of renewable energy.
TORONTO, July 25 (Reuters) - Canadian National Railway Co
reported better-than-expected second-quarter earnings
on Monday even as a decline in shipments cut into revenue, but
said it expects volumes to improve in the months ahead.
HOUSTON, July 25 (Reuters) - A Chinese container ship hit a
wall of the new lane of the Panama Canal, a Canal Authority
official and a local ship agent said on Monday, the third such
incident since the expanded waterway opened one month ago amid
design concerns.
SAO PAULO, July 25 (Reuters) - State-run energy company
Chesf, a subsidiary of Brazil's federal energy holding company
Eletrobras, has delayed the delivery of more than 1,000
kilometers of transmission line projects for lack of funds to
complete the work, data compiled by Reuters showed.
TORONTO, July 25 (Reuters) - Canada will take older tank
cars out of crude-by-rail service much earlier than originally
planned, its transport minister said on Monday, in the
government's latest move to toughen rail safety after a deadly
2013 crash.
On Tuesday, Schneider Electric introduced its New Energy Opportunities (NEO) Network, an online platform that it hopes will help commercial and industrial companies quickly identify and vet renewable energy and cleantech prospects.
July 25 (Reuters) - An oil leak from a Husky Energy Inc
pipeline into a major Canadian river has forced a
second city in the province of Saskatchewan to stop drawing
drinking water, officials said on Monday, widening the impact
and cost of the spill.
As voters go to the polls this November, at least four states will consider ballot questions on marijuana legalization. Pending proposals in Nevada, Maine and California would authorize recreational marijuana use, while Floridians will vote on whether to allow medical marijuana use.
July 25 (Reuters) - An oil spill by Husky Energy Inc
into a major Canadian river reached the city of Prince
Albert, Saskatchewan on Monday, hours earlier than expected, as
workers there raced to stretch a 30-kilometre (19-mile) hose to
draw drinking water from another source.
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