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Don’t Like Obama’s Clean Power Plan? Fine, Here’s Cap and Trade

Republican governors who boycott the Obama administration’s new power-plant regulations may instead get an offer they can’t refuse: a cap-and-trade system many of them also oppose.
Five years after Republicans in Congress shot down President Barack Obama’s plan for carbon trading, his administration unveiled rules to combat climate change. They include a provision for carbon trading, which Republicans had criticized as a government intrusion in the workings of the free market.

Brent oil prices fall after supertanker heading to Asia turns back

LONDON, Aug 6 (Reuters) - The price of a North Sea crude which underpins the Brent oil benchmark has fallen after a supertanker heading to South Korea unexpectedly turned back, leaving supply more ample, traders and analysts said.

Nigerian lawyer sent in to clean up state oil giant

ABUJA/LAGOS, Aug 6 (Reuters) - The new head of Nigeria's state oil company is a workaholic stickler for the rules with a strong background in law, qualities he will need if he is to overhaul an organisation notorious for corruption and mismanagement.

1 GW Solar Sunlight-to-Steam Breakthrough for CSP

In the South Oman oilfields, a glass-encased Concentrated Solar Power (CSP) project the size of an average nuclear plant has broken a new record for solar.

UPDATE 5-Oil trades close to multi-month lows, Brent below $50

* Some U.S refiners running at record high rates -EIA (Updates prices, adds fresh comment)

Cargill reports Q4 loss on one-time charges, revenue down

Aug 6 (Reuters) - Global commodities trader Cargill Inc reported a net quarterly loss on Thursday due to one-time charges in the three months ended May 31, but said its core business segments were profitable in the period.

COLUMN-U.S. refiners find the oil market's sweet spot: Kemp

LONDON, Aug 6 (Reuters) - Low crude prices and strong demand for gasoline are creating near-perfect conditions for oil refineries across the United States, especially those geared towards maximising gasoline production.

UPDATE 1-Apache reports $5.6 billion loss, hurt by oil-price slump

Aug 6 (Reuters) - Apache Corp on Thursday reported a nearly $6 billion quarterly loss as a slump in oil prices led the U.S. energy company to write down the value of some assets.

UPDATE 3-South Africa's Sibanye Gold seeks coal assets for power

* H1 HEPS 19 cents, middle of range it had flagged to market (Updates with detail on assets sought)

Britain's FTSE boosted by dovish BoE vote

* RSA falls, with focus on prospect of Zurich bid (Recasts)

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