Energy Update
LONDON/SINGAPORE, Aug 4 (Reuters) - Oil prices are unlikely to recover soon as Saudi Arabia's drive to boost its refining activities is expected to force refineries elsewhere to slow down their operations, thus creating an even bigger glut of unwanted crude oil.
NEW YORK, Aug 4 (Reuters) - A U.S. appeals court on Tuesday rejected Ecuador's challenge to a $96 million international arbitration award in favor of Chevron Corp, the latest development in a decades-long dispute over the development of oil fields in the South American country.
LONDON/FRANKFURT, August 4 (Reuters) - Coal prices' downward trajectory shows no sign of reversing as a supply glut, combined with expectations that demand from top consumer China will shrink more, paint a bleak outlook for the fossil fuel which generates nearly half the world's electricity.
FUKUSHIMA CITY, Japan, Aug 4 (Reuters) - When Atsushi Hoshino set out to revive a group representing atomic bomb survivors in the rural northeast Japanese prefecture of Fukushima 30 years ago, one topic was taboo - criticising the nuclear power industry upon which many relied for jobs.
* Brent oil stabilises above $50 a barrel after 5 pct drop * Subdued day for European bourses, Wall Street seen down 0.2 pct * Dollar softer after weak data, focus now on payrolls * China stocks bounce 3 pct, copper and other commodities firmer * Aussie rises after RBA tones down currency strength concerns By Marc Jones LONDON, Aug 4 (Reuters) - Investors got a day off from commodity market turmoil on Tuesday, as oil prices steadied at $50 a barrel after a 5 percent drop
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