End of Month Window-Dressing: Dave's Daily

Markets overall closed little changed after being down nearly 150 points.

Enel appoints banks for green business IPO

Credit Suisse, Goldman Sachs and Mediobanca to list minority stake in renewable energy unit
Read more [Financial Times Energy News]

CKI snaps up EDF Energy Networks

Asia's wealthiest man is to buy the UK electricity distribution business of France's EDF for £5.8bn in what is set to be the biggest European investment by Hong Kong companies on record
Read more [Financial Times Energy News]

Will Tony Hayward Please Be Quiet?

Tony Hayward has some harsh words for his detractors on Friday, yet the BP CEO might be better off keeping his mouth shut.

Chevron gains from higher energy prices

Improved refining margins help push profits up at the second-largest US oil company, which has launched big projects and ramped up production in the US, Brazil and Kazakhstan
Read more [Financial Times Energy News]

Vale boosted by iron ore pricing overhaul

A doubling in the price of the metal after after a shift to quarterly contracts helps the Brazilian miner deliver a healthy rebound in the second quarter
Read more [Financial Times Energy News]

CKI drawn by UK's regulatory framework

The energy and water group controlled by billionaire Li Ka-shing says the UK's regulatory environment has been a significant factor in its approach for EDF's electricity networks business in the UK
Read more [Financial Times Energy News]

Total's Second-Quarter Profit Rises 43%

France's largest oil company said second-quarter net income rose 43% as upstream petroleum production increased 8%.

First Solar Easily Beats, but Lacks a Rally

First Solar beats the Street on earnings and revenue, and ups its full year earnings guidance, but the devil is in the solar details as usual.

Big Swing Thursday: Dave's Daily

Featured earnings winner Thursday was Exxon but the stock closed lower, while other notable losers were Symantec and Nvidia.

Solar Winners: Power-One

Power-One powers through Street expectations for its second quarter earnings, another upstart solar inverter maker that is beating the Street as a result of solar demand.

SunEdison Drags MEMC Earnings Down

MEMC Electronic Materials misses the Street, as its solar systems business sees revenue decline by 50%.

Big Oil posts better profits on higher fuel prices

The major oil companies continue to climb back from the recession, with higher fuel prices driving up earnings.

Chinalco and Rio sign $1.35bn Guinea deal

Pact allows the Chinese state-owned miner to buy in to a rich iron ore project in Guinea, in a move that places both mining companies at the centre of multi-billion-dollar scramble for west Africa's iron ore
Read more [Financial Times Energy News]

Commodity Trading Q&A

Commodity Trading Q&AThe Global View on Commodity Trading from BrazilIn the most recent issue of Opalesque Futures Intelligence, Gabriel Pellegrini of Global Edge Capital Management offers his view on commodity trading from Brazil. Pellegrini is a commodity trader from São Paulo, Brazil managing his own firm Global Edge Capital Management which returned 8.6% last year and 23.3% in 2008. In this interview, Pellegrini explains how he entered commodity trading, why he entered international markets, his investment strategy and gives a view on the industry from Brazil.
Opalesque Futures Intelligence: How did you get into futures trading?
Gabriel Pellegrini: My first job was at the Brazil futures exchange and I traded in only Brazilian markets for about four years. Then I started to trade in international markets. By 2003 I had learnt about systematic futures trading and looked for a firm that did this, but I could not find one in Brazil at that time. I traded Brazilian futures for myself and in 2008 opened Global Edge Management.

OFI: Why did you move to international markets? GP: For quantitative trading, you need a lot of liquidity. We don’t have many liquid markets in Brazil. At the time, there was only one agricultural market in Brazil where I could do quantitative trading and that was coffee. But I traded the financials, including FX – the US dollar vs. the Brazilian real – and interest rates. Those are highly liquid. SourceRelated to: Brazil Commodity Trading

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3 U.S. Solar Stocks to Play: The Leader, the Languisher & the Laggard

Solar earnings season kicks off Thursday with the first reports coming from U.S. solar companies, including bellwether First Solar.

ETF's Leaking Gold

NEW YORK (TheStreet) -- ETF's are lightening gold loads causing headaches for gold bulls according to Kitco's Jon Nadler.

Enbridge Selling Intensifies on Michigan Oil Spill

Selling in shares of Enbridge Energy Partners after the EPA said the Michigan oil spill could exceed one million gallons of oil.

Natural Gas Storage Sees Small Build

Underground storage in the lower 48 states jumped by a smaller-than-expected 28 billion cubic feet for the week ended July 23, the Energy Information Administration said.

Oil-Driller Outlook: Pride Provides Caution

Oil driller Pride International slips in early trading on Thursday with an in-line earnings report, but cautious outlook on the impact of the Gulf of Mexico oil spill to global drilling activity.