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RPT-COLUMN-Risks rise as hedge funds place record bet on oil: Kemp

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.

All of Fort McMurray now evacuating as wildfire spreads

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.

Alberta in mass evacuation due to Fort McMurray forest fires -premier

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.

Siemens onshore wind power turbine ready to enter German market

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.

CANADA STOCKS-TSX falls as financials and resource stocks slide

(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

Traders fear liquidity squeeze in South African coal market

Stephanie Wilson on how continuing strong screen prices of spot thermal coal threaten to reduce liquidity in the South African Richards Bay market.

Economies could shrink by mid-century due to scarce water - World Bank

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.

Northeast US mills, East Coast scrap exporters raise prices

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.

UPDATE 1-Canadian Western Bank sets aside more money for loan losses

May 3 (Reuters) - Canadian Western Bank's shares
fell as much as 12 percent after the lender said it set aside
more money to cover bad loans to oil companies.

UPDATE 1-Tough oil and gas markets hit Vallourec's first-quarter sales

PARIS, May 3 (Reuters) - Vallourec on Tuesday
reported a first-quarter net loss and a drop in sales volumes to
record lows, but the steel pipe maker said its results would
improve in the second quarter.

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