Energy Update
(Wed, 04 May 2016) Blends of petroleum-based gasoline with 10% ethanol, commonly referred to as E10, account for more than 95% of the fuel consumed in motor vehicles with gasoline engines. Ethanol-blended fuels are one pathway to compliance with elements of the federal renewable fuel standard (RFS). The total volume of ethanol blended into motor fuels used in the United States has continued to increase since 2010, albeit at a declining rate of growth.
MELBOURNE, May 4 (Reuters) - Rio Tinto's Energy
Resources of Australia said on Wednesday it plans to
sell uranium from a stockpile over the next four years to fund
the closure of its Ranger mine, while it tries to keep options
open to develop a new mine.
LONDON, May 3 (Reuters) - Hedge funds increased their net
long positions in Brent and WTI derivatives by 7 million barrels
to a record 663 million barrels in the week ending April 26.
CALGARY, Alberta, May 3 (Reuters) - The whole city of Fort
McMurray, Alberta, the gateway to Canada's oil sands region, is
under a mandatory evacuation order because of an uncontrolled
wildfire that is rapidly spreading, local authorities said on
Tuesday.
TORONTO, May 3 (Reuters) - Alberta is undertaking its
biggest ever evacuation with 29,000 people ordered to leave Fort
McMurray due to a forest fire that has engulfed one exit from
the city, the province's premier said on Tuesday.
After successful type testing, wind power projects in Germany can now be planned with the D3 turbine and will be authorized according to the current feed-in tariff.
(Adds portfolio manager comments, details on Canadian Western
Bank; updates prices)
* TSX closes down 157.95 points, or 1.14 percent, at
13,707.68
* Index touches its lowest since April 18 at 13,599.93
* Eight of the index's 10 main groups end lower
Stephanie Wilson on how continuing strong screen prices of spot thermal coal threaten to reduce liquidity in the South African Richards Bay market.
NEW YORK, May 3 (Thomson Reuters Foundation) - Economies
across large swathes of the globe could shrink dramatically by
mid-century as fresh water grows scarce due to climate change,
the World Bank reported on Tuesday.
Northeastern US mills and East Coast bulk exporters raised offer prices on May 2 to secure material amid a firm export market and anticipated significant increases in domestic scrap prices this week during the May buy.
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