Energy Update
May 5 (Reuters) - U.S.
CALGARY, Alberta, May 5 (Reuters) - A growing share of Canadian oil-by-rail traffic is made up of tough-to-ignite undiluted heavy crude and raw bitumen, say industry executives, as companies scramble to cut expenditures with the price of crude down more than 40 percent since June.
TRIPOLI/BENGHAZI, Libya, May 5 (Reuters) - All crude flows to Libya's Zueitina port have stopped after protesters demanding jobs blocked a pipeline, forcing the closure of several eastern oilfields, oil officials said on Tuesday.
Hydraulic fracturing, or fracking, is shunned by the environmentalists that laud renewable energy sources. However, by not supporting both initiatives, they may be working at cross purposes. Natural gas, booming largely because of fracking, complements renewable energies on the grid. The two seemingly opposite technologies are, for the moment, inextricably linked.
May 5 (Reuters) - U.S.
BEIJING, May 5 (Reuters) - Chinese prosecutors are investigating the former chairman of a top investment body in the southwestern province of Sichuan for corruption, state media reported on Tuesday, as the world's second-largest economy deepens its probe into deep-seated graft.
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