Energy Update
RIO DE JANEIRO, July 13 (Reuters) - Brazilian federal
prosecutors said on Wednesday they opened an investigation into
alleged environmental crimes by Roberto Carvalho, chief
executive of iron-ore mining company Samarco Mineração SA, over
a deadly damburst last year.
NEW YORK, July 13 (Reuters) - U.S. gasoline and distillate
stocks surged unexpectedly last week, data showed on Wednesday,
crimping margins for refiners at the height of summer driving
season, a time when they generally enjoy healthy demand and
profits.
CHICAGO, July 13 (Reuters) - CSX Corp, the
third-largest U.S. railroad, on Wednesday posted a lower
second-quarter net profit that beat expectations as lower costs
partly offset a 34 percent drop in coal volumes.
WASHINGTON, July 13 (Reuters) - A U.S. House of
Representatives panel on Wednesday issued subpoenas to the
attorneys general of New York and Massachusetts to force them to
submit information on their investigations into whether Exxon
Mobil misled investors on climate change risks, accusing
the attorneys general of having a political agenda.
BOSTON, July 13 (Reuters) - Participants in SunEdison Inc's
$155 million retirement plan suffered heavy losses on
their investments in company stock last year in the months
before the renewable power plant developer landed in bankruptcy.
UNITED NATIONS, July 13 (Reuters) - The United Nations is
ready to work with east African bloc IGAD to refine the group's
proposal for an intervention force within the U.N. peacekeeping
mission in South Sudan, U.N. peacekeeping chief Herve Ladsous
told the Security Council on Wednesday.
FARNBOROUGH, England, July 13 (Reuters) - Airbus
has no plans to scrap its Super Puma helicopter in the wake of a
crash that killed 13 people in Norway, the head of its
helicopter division said on Wednesday, but he warned the market
would remain weak at least until the end of 2017.
CARACAS, July 13 (Reuters) - Venezuela's PDVSA is
investigating U.S. allegations of a $1 billion bribery
conspiracy involving the state oil company and has found there
was fraud in procurement processes, according to a report of its
2015 results.
DETROIT, July 13 (Reuters) - Tesla Motors Inc said
on Wednesday it had discontinued its resale value guarantee
program that assured buyers that cars would retain value over
time, and lowered the starting price of its Model X crossover,
the second time it has lowered prices this year.
CAIRO, July 13 (Reuters) - An airplane powered by energy
from the sun arrived on Wednesday in Egypt, the penultimate stop
on the first fuel-free flight around the globe.
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