Energy Update

Base metals preformed far better on the London Metal Exchange than many had expected following the vote by the UK to leave the EU, with nickel and zinc the only significant losers of the day.

OK, the UK is exiting the EU, Cameron has resigned, Scotland is considering secession, Moody’s put the British credit rating on watch, and 12 shadow ministers of the Labor Party were either sacked or resigned, as the UK’s extraordinary political crisis unfolds. Markets melted on last week, with $2 trillion in value wiped off the globe’s account books — the largest one-day value downgrade in world history.

The North Carolina Pork Council, the North Carolina Poultry Federation, the North Carolina Sustainable Energy Association, the Public Staff of the North Carolina Utilities Commission (NCUC), Duke Energy Carolinas LLC and Duke Energy Progress LLC told the NCUC in a June 27 filing that a break is needed in the interconnection queue process for power projects using animal waste as fuel.

BRUSSELS, July 1 (Reuters) - The European Union on Friday
extended its economic sanctions on Russia until the end of
January next year in a widely expected decision after EU leaders
called for more progress in bringing peace to eastern Ukraine.