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UPDATE 2-Anglo American to shed thousands of jobs to counter metal price slump

* Graphic on Anglo vs peers: http://link.reuters.com/cyx94w (Adds CEO comments, details of job cuts)

Aggreko warns annual profit to be at least 8 pct lower

LONDON, July 24 (Reuters) - British temporary power firm Aggreko warned that its annual profit would come in at least 8 percent lower than currently expected due to less favourable contract terms and a further slowdown in its oil and gas business in North America.

How did the SPR become so popular on Capitol Hill? The illusion of a piggy bank

About 700 million barrels of crude oil stored in four sites along the US Gulf coast seems to have recently inspired the imagination of a cash-strapped Congress.

Power-to-gas brings a new focus to the issue of energy storage from renewable sources

(Fri, 24 Jul 2015) Large-scale electricity storage technologies are currently limited in use, with pumped hydroelectric storage accounting for more than 98% of total storage capacity. However, nonhydro storage is increasing, and there is considerable interest in developing new storage technologies with attractive costs and operating characteristics. Power-to-gas conversion is a potential storage solution that is undergoing advanced study and approaching commercial application.

Petrobras union begins 24-hour strike against asset sales, oil bill

RIO DE JANEIRO, July 24 (Reuters) - Brazilian oil workers began a 24-hour strike on Friday in an effort to stop moves to shrink state-run oil company Petroleo Brasileiro SA, or Petrobras, according to the main union representing the workers.

China's carbon exchanges bend the rules to meet compliance targets

BEIJING, July 24 (Reuters) - The vast majority of firms covered by China's pilot carbon emission exchanges met their targets this year, but success was achieved largely by flexible regulations and a supply glut that kept permits cheap, participants said.<

UPDATE 1-Power restored after brief outage at Alliance refinery -Phillips 66

July 23 (Reuters) - Phillips 66 said power had been restored following a brief, unscheduled outage that shut parts of its 247,000-barrel-per-day Alliance refinery in Belle Chase, Louisiana, on Thursday.

Phillips 66 Alliance, Louisiana refinery hit by power blip- Entergy

July 23 (Reuters) - The Phillips 66 Alliance refinery in Belle Chase, Louisiana, was hit by a power outage on Thursday, according to the power provider Entergy Corp's website.

U.S. airlines return to fuel hedging, get burned again

July 23 (Reuters) - At least two U.S. airlines have started hedging their fuel costs after a months-long hiatus. The early result: more losses.

Foreign firms say more than just sanctions hold back trade with Iran

VIENNA, July 23 (Reuters) - Western firms are itching to return to Iran if sanctions are lifted, but to truly fulfil its potential Tehran should do more to make its business practices efficient and its environment welcoming, executives said at a trade conference.

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