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California grid expected to maintain reliability despite drought

(Mon, 06 Jul 2015) According to the North American Electric Reliability Corporation (NERC), the bulk power system in California is not expected to lose grid reliability this summer, despite a drought that has lowered hydroelectric generation. Overall, NERC expects more than 72 gigawatts (GW) of electric generating capacity to be available this summer in the part of the electric grid covering much of California.

COMMODITIES-Oil, steel, base metals fall on Greek "no" vote, China market turmoil

SINGAPORE, July 6 (Reuters) - Most commodity prices suffered falls on Monday, compounding worries about oversupply, after Greece rejected terms for a bailout and top consumer China unleashed emergency measures over the weekend to prevent a full-blown stock market crash.

UPDATE 1-Oil prices tumble after Greek no vote to bailout, China stock market turmoil

TOKYO/SINGAPORE, July 6 (Reuters) - Oil prices fell sharply in early trading on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps over the weekend to prevent a full-blown stock market crash.

Germany sees progress in Iran talks, says final deal requires courage

VIENNA, July 5 (Reuters) - There has been progress on some points in the nuclear talks between Iran and major powers and whether a deal is reached depends on the participants' courage, German Foreign Minister Frank-Walter Steinmeier said on Sunday.

Tanzanian lawmakers pass disputed petroleum bill

DAR ES SALAAM, July 5 (Reuters) - Tanzania's parliament on Sunday approved a legal and regulatory framework for developing its nascent hydrocarbons industry, after days of contentious debate.

Progress in Iran talks but difficult issues remain -Kerry

VIENNA, July 5 (Reuters) - Iran and the United States have made "genuine progress" on a nuclear deal but there are several difficult issues to resolve and Washington is ready to walk away from the talks if need be, U.S.

Kerry to make statement on Iran nuclear talks at 1430 GMT

VIENNA, July 5 (Reuters) - U.S. Secretary of State John Kerry will make a statement on the Iran nuclear talks at 4:30 p.m. (1430 GMT) on Sunday, a senior U.S. official said without providing further details.

French renewables power grid pilot shows limits of batteries in Europe

NICE, France, July 5 (Reuters) - A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe.

Saudi's SABIC unit, South Korea's SK form polyethylene project

DUBAI, July 5 (Reuters) - Saudi Basic Industries Corp (SABIC) said on Sunday it had completed the formation of a joint venture with Korean petrochemical manufacturer SK Global Chemical Co to produce polyethylene products.

Colombia peace process now at lowest ebb - government

BOGOTA, July 5 (Reuters) - Colombia's peace negotiations with leftist FARC rebels have hit a critical low as the group steps up violent attacks and the government could walk away from the process unless the group shows more commitment, the government's top negotiator said.

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