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UPDATE 9-Oil prices up 1 pct after ninth weekly U.S. crude drawdown

* Oil prices erase early losses; WTI rebounds from 2-month
low

UPDATE 1-U.S. DOT says road travel rose 2 pct in May from year earlier

July 20 (Reuters) - U.S. drivers logged 2 percent more miles
in May than a year ago, marking the 27th consecutive month of
year-over-year gains, U.S. data released on Wednesday showed, as
gas prices stayed low.

European shares get tech boost as SAP and ASML surge on results

LONDON, July 20 (Reuters) - European shares advanced on
Wednesday, with the technology sector leading the market higher
after SAP and ASML reported forecast-beating
quarterly results.

Rough outage set to increase UK gas import reliance this winter

The UK's Rough storage facility outage is set to increase UK gas import reliance this winter. What will be the likely impact and how might the shortfall best be managed?

Britain's FTSE climbs to 11-month closing high as insurers rise

LONDON, July 20 (Reuters) - Britain's top shares index
climbed to its highest closing level in 11 months on Wednesday,
boosted by a rise in insurance stocks, although a slump in Anglo
American pushed down the mining sector.

Global extraction of primary materials to triple by 2050 -UNEP

LONDON, July 20 (Reuters) - The amount of primary materials
extracted from the earth will almost triple by the middle of
this century if action is not taken, as emerging economies
develop and consume more, a U.N.-backed report said on
Wednesday.

How Renewable Energy Is Blowing Climate Change Efforts Off Course

The United States, and indeed the world, would do well to reconsider the promise and the limitations of its infatuation with renewable energy. "The issue is, how do we decarbonize the electricity sector, while keeping the lights on, keeping costs low and avoiding unintended consequences that could make emissions increase?"

Largest US Offshore Wind Farm Planned in New York Waters

The Long Island Power Authority plans to approve a 90-MW wind farm off the coast of New York that would become the largest in the U.S. when completed.

UPDATE 1-U.S., Enbridge reach $177 million settlement over 2010 oil spills

July 20 (Reuters) - The U.S. government and American units
of Enbridge Inc announced a settlement on Wednesday in
which the Canadian pipeline company will pay $177 million after
two 2010 oil spills that released crude oil in Michigan and
Illinois.

CANADA STOCKS-TSX rises to 11-month high, led by financials

TORONTO, July 20 (Reuters) - Canada's main stock index set
an 11-month high on Wednesday as oil prices turned higher and
financial and energy shares advanced, offsetting losses for gold
stocks as the precious metal fell.

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