Energy Update
HAVANA, July 9 (Reuters) - Cuba is drastically cutting
electricity, imports and investment, as well as reducing fuel
consumption by 28 percent through the end of the year, its
economy minister said on Friday in a closed-door speech to the
National Assembly published by official media on Saturday.
SYDNEY, July 9 (Reuters) - China Molybdenum Co Ltd (CMOC)
is interested in acquiring more mining assets
globally including in Australia, the company's international
chief executive was quoted as saying in The Australian
newspaper's Saturday edition.
If renewables didn't have policy support, there wouldn't be much of a market, so the saying goes.
In mid-May, The Dow Chemical Company said that it was raising its 2025 corporate clean energy target from 400 MW to 750 MW.
RIO DE JANEIRO, July 7 (Reuters) - Brazil's state-led oil
firm Petrobras may never collect some debts owed it by state-run
power utility Eletrobras, the energy ministry said on Thursday,
acknowledging the government has little cash to provide new
capital to the debt-ridden electricity company.
July 8 (Reuters) - Northern California power and gas company
Pacific Gas & Electric (PG&E) said on Friday its McDonald Island
gas storage facility in San Joaquin County remained out of
service after the company detected small methane leaks from some
of its wells in June.
HAVANA, July 8 (Reuters) - President Raul Castro told Cubans
on Friday to brace for tough times because the Communist-run
country must cut spending and energy supply as it deals with a
cash crunch and reduced oil imports from ally Venezuela.
(Adds gas prices)
July 8 (Reuters) - U.S. natural gas speculators cut their
net long positions after five weeks of gains, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 6,362 contracts to 99,942 in the week to
July 5, the U.S. Commodity Futures Trading Commission said on
UNITED NATIONS, July 8 (Reuters) - United Nations
Secretary-General Ban Ki-moon said on Friday he is deeply
alarmed by fighting in South Sudan's capital Juba between rival
troops, describing it as "yet another illustration of the
parties lack of serious commitment to the peace process."
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