Energy Update
HOUSTON, June 20 (Reuters) - A 300-ton crane at a Torrance,
California, refinery that Exxon Mobil Corp plans to sell
fell onto a portion of a gasoline unit at the plant, industry
sources said on Monday.
MELBOURNE, June 21 (Reuters) - Top global miner BHP Billiton
expects to boost its coal output by 8 percent
over the three years to June 2018, and plans to cut costs by 16
percent over the next year to boost profits in a tough market.
LONDON, June 21 (Reuters) - Hedge funds cut their net long
position in the main crude futures and options contracts by 63
million barrels, 10 percent, in the week to June 14, as the
rally in oil prices showed signs of running out of steam.
LOS ANGELES, June 20 (Reuters) - California's power grid
operators warned homes and business on Monday to conserve
electricity as rising demand for air conditioning stoked by a
record-setting heat wave across the U.S. Southwest tested the
region's generating capacity.
CHICAGO, June 20 (Reuters) - The U.S. Department of Justice
has opposed a plan by coal producer Alpha Natural Resources
to sell valuable assets to its creditors, which it
said puts significant mine cleanups at risk, according to a
court filing on Monday.
NEW YORK, June 20 (Thomson Reuters Foundation) - Video-game
developers are competing this week in a contest that will reward
games that combat neither mortal enemies nor monsters but
climate change.
SAO PAULO, June 20 (Reuters) - Brazilian mining company
Samarco Mineração SA and owners Vale SA and BHP
Billiton Plc have hired banks to sound out creditors on
a potential renegotiation of $3.8 billion in debt, after a
deadly dam spill led to the shutdown of a key mine, a source
with direct knowledge of the plan said on Monday.
Our shipping editors explore the latest trends in the dry bulk S&P and ship recycling markets, giving a forward outlook for the global dry bulk fleet.
OTTAWA, June 20 (Reuters) - Tighter environmental rules for
Canadian natural resource projects could start coming into force
in 2017, ahead of schedule, an official said on Monday, giving
industry an idea of when to expect the new measures.
TORONTO, June 20 (Reuters) - Canada's main stock index rose
on Monday, with financial and energy stocks leading a broad
rally as investors returned to equity markets on rising
expectations that Britain will vote to remain in the European
Union later this week.
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