Energy Update

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* Gasoline still the star performer of oil products (Adds comments)

* Shares drop as much as 10 percent (Adds more analyst comment, detail, background, shares)

CAPE TOWN, South Africa, July 6 (Thomson Reuters Foundation) - A motorbike accident two years ago in the Cape Town suburb of Milnerton left Pascal Kassongo with a leg fracture, multiple cuts and a written-off bike, crippling his courier business.

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.

WARSAW, July 6 (Reuters) - Grupa Lotos, Poland's second-largest refiner by output, plans to restart dividend payments before 2020, its chief executive was quoted as saying by the Parkiet newspaper on Monday.

** Rolls-Royce slides c.10 pct on strong volumes, after downgrading its profit forecasts for this year and next

LONDON, July 3 (Reuters) - Investors in industrial metals will keep a close watch on miners' results in coming weeks for possible announcements of production cutbacks that could bolster weak prices.

* Oil down almost 10 pct in a month (Updates with tumbling copper prices, adds copper chart)

In this week’s Oilgram News column, Ned Molloy asks the question, have emotions and confirmation bias triggered trading mistakes in the maelstrom of oil price news?

(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.

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