Energy Update
June 24 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fourth consecutive week, betting prices
will rise as production eases and power demand remains high to
meet rising air conditioning use during an unusually hot start
to the summer.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 12,388 contracts to 94,209 in the week to
June 21, the U.S. Commodity Futures Trading Commission said on
(Adds basins and states)
June 24 (Reuters) - U.S. oil drillers cut rigs this week for
a 20th week this year after three weeks of additions, according
to a closely followed report on Friday, as crude prices pull
back after a recent rally to an 11-month high over $51 a barrel.
Despite a decline in U.S. crude to below $48 a barrel on
Friday after Britain voted to leave the European Union, several
June 24 (Reuters) - U.S. oil drillers cut rigs this week for
a 20th week this year after three weeks of additions, according
to a closely followed report on Friday, as crude prices pull
back after a recent rally to an 11-month high over $51 a barrel.
Despite a decline in U.S. crude to below $48 a barrel on
Friday after Britain voted to leave the European Union, several
companies said recently they plan to boost spending on new
MOSCOW, June 24 (Reuters) - Russian development bank VEB
said on Friday it had provided a guarantee for $3 billion of
debt to the Yamal liquefied natural gas (LNG) project, led by
Russian gas firm Novatek.
One of the formative moments in my career was participating in an Energy Department competition called FutureCar — known today as EcoCAR 3 — which challenges students to develop more fuel efficient and sustainable vehicles. Participating in that competition inspired me to pursue a career that addressed the toughest problems in sustainable transportation and clean energy. I’m just one of many who had their professional journeys changed as a result of these competitions.
A little-known Tokyo-based company’s commitment to biomass has made it a darling among investors.
WASHINGTON, June 24 (Reuters) - New orders for U.S.
manufactured capital goods unexpectedly fell in May as demand
declined broadly, indicating business spending will remain a
drag on economic growth in the second quarter.
Ontario is going geothermal. The U.S. is shortly behind, and here’s why: Geothermal heat pumps provide the only reasonable solution to heating without combustion. Ontario’s Climate Change Action Plan identifies geothermal 10 times as the go-to heating (and cooling) technology to reach its carbon reduction goals.
MOSCOW, June 24 (Reuters) - Russian Economy Minister Alexei
Ulyukayev said on Friday he did not think Britain's vote to
leave the European Union would influence Russia's privatisation
programme, Russian news agencies reported.
BRASILIA, June 24 (Reuters) - Conservative legislators in
Brazil say they will back interim President Michel Temer through
a growing corruption scandal in return for support for their
right-wing social agenda, including tougher abortion
restrictions and looser gun control.
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