Energy Update
* Foreigners set to be sellers after 5 days of stock buying
* Markets cautious before key U.S. data release
SINGAPORE, July 5 (Reuters) - Crude prices dipped in early
trading on Tuesday, with Brent falling back below $50 per barrel
as economic concerns took centre stage with many analysts saying
oil demand will stall later this year.
LONDON, July 4 (Reuters) - Hedge funds and other money
managers are betting diesel and heating oil will take over from
gasoline as the main driver of U.S. refinery profitability in
the second half of the year.
With a trajectory of solar industry firsts in its wake, solar hybrid water heating solution Sun Bandit turns three today. And from Hawaii to Minnesota to St. Croix, its revolutionary approach to PV-powered solar water heating is making considerable industry waves.
LONDON, July 5 (Reuters) - Britain could rely on other
countries for 93 percent of its gas supplies by 2040 if there is
weak economic growth and not enough money available to support
domestic gas production, National Grid said on Tuesday.
PARIS, July 4 (Reuters) - French oil major Total
has moved the head of its refining and chemicals arm to run its
newly created gas, renewables and power division as the group
strives to become a leading renewables and electricity player
within 20 years.
ABUJA, July 4 (Reuters) - Nigerian President Muhammadu
Buhari has replaced Oil Minister Emmanuel Ibe Kachikwu as group
managing director of state oil company NNPC as part of a wider
board overhaul.
PARIS, July 4 (Reuters) - EDF aims to snare a
sizeable share of the global nuclear decommissioning market,
worth an estimated 200 billion euros ($222 billion) over the
next 15 years, by virtue of experience gained in dismantling its
old reactors.
ABUJA, July 4 (Reuters) - Nigeria's President Muhammadu
Buhari has approved a new board of directors for the Nigerian
National Petroleum Corporation (NNPC), the state oil company,
his spokesman said on Monday.
BEIRUT, July 4 (Reuters) - A team of militants linked with
Islamic State were paid 600,000 euros to carry out a bombing
campaign at 50 locations in Tehran and other big cities in Iran,
according to a documentary aired on Iranian state TV on Monday.
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