* Demand to "lay up" offshore vessels a bright spot for some
firms
Read more
Monday, May 30, 2016
UPDATE 1-Nigeria's Buhari to visit restive Niger Delta region this week
ABUJA/ONITSHA, Nigeria, May 30 (Reuters) - Nigeria's
President Muhammadu Buhari will on Thursday visit the Niger
Delta region, rocked by attacks on oil and gas facilities, for
the first time since taking office a year ago, an official said
on Monday.
Read more
President Muhammadu Buhari will on Thursday visit the Niger
Delta region, rocked by attacks on oil and gas facilities, for
the first time since taking office a year ago, an official said
on Monday.
Read more
Brazil anti-corruption minister quits over leaked recording controversy
SAO PAULO, May 30 (Reuters) - Brazil's Transparency Minister
Fabiano Silveira quit on Monday, hours after he was accused of
trying to derail a sprawling corruption probe before taking
office earlier this month.
Read more
Fabiano Silveira quit on Monday, hours after he was accused of
trying to derail a sprawling corruption probe before taking
office earlier this month.
Read more
Nigeria's Buhari to visit Niger Delta for first time this week
ABUJA, May 30 (Reuters) - Nigeria's President Muhammadu
Buhari will on Thursday visit the Niger Delta region, rocked by
attacks on oil and gas facilities, for the first time since
taking office a year ago, a government official said on Monday.
Read more
Buhari will on Thursday visit the Niger Delta region, rocked by
attacks on oil and gas facilities, for the first time since
taking office a year ago, a government official said on Monday.
Read more
CANADA STOCKS-TSX dips as energy stocks retreat ahead of OPEC meeting
TORONTO, May 30 (Reuters) - Canada's main stock index edged
lower on Monday as energy stocks retreated ahead of a meeting of
oil producers later in the week, while mining stocks and
financials also fell in a low-volume session with U.S. markets
closed for Memorial Day.
Read more
lower on Monday as energy stocks retreated ahead of a meeting of
oil producers later in the week, while mining stocks and
financials also fell in a low-volume session with U.S. markets
closed for Memorial Day.
Read more
Brazil's anti-corruption agency employees demand minister's ouster
BRASILIA, May 30 (Reuters) - Hundreds of employees of
Brazil's anti-corruption Ministry of Transparency marched to the
presidential palace on Monday to demand the removal of the
minister appointed 18 days ago by interim President Michel
Temer.
Read more
Brazil's anti-corruption Ministry of Transparency marched to the
presidential palace on Monday to demand the removal of the
minister appointed 18 days ago by interim President Michel
Temer.
Read more
UPDATE 1-Brazil's Temer pressed to drop anti-corruption minister
BRASILIA, May 30 (Reuters) - Brazil's interim President
Michel Temer was under pressure on Monday to drop his
anti-corruption minister, the second top official in his new
government accused of trying to derail a sprawling bribery and
kickback probe before taking office.
Read more
Michel Temer was under pressure on Monday to drop his
anti-corruption minister, the second top official in his new
government accused of trying to derail a sprawling bribery and
kickback probe before taking office.
Read more
UPDATE 2-Libyan oil guard says captures coastal town from Islamic State after clashes
BENGHAZI, Libya, May 30 (Reuters) - A force that controls
key oil terminals in eastern Libya said it had captured the town
of Ben Jawad from Islamic State, pushing the militant group back
along a coastal strip they control east of their stronghold of
Sirte.
Read more
key oil terminals in eastern Libya said it had captured the town
of Ben Jawad from Islamic State, pushing the militant group back
along a coastal strip they control east of their stronghold of
Sirte.
Read more
Libyan oil guard says captures coastal town from Islamic State after clashes
BENGHAZI, Libya, May 30 (Reuters) - A force that controls
key oil terminals in eastern Libya said it had captured the town
of Ben Jawad from Islamic State militants on Monday east of
their stronghold of Sirte.
Read more
key oil terminals in eastern Libya said it had captured the town
of Ben Jawad from Islamic State militants on Monday east of
their stronghold of Sirte.
Read more
REUTERS SUMMIT-Poland aims to end long-term gas supplies from Russia after 2022
WARSAW, May 30 (Reuters) - Poland does not plan to renew a
long-term gas supply contract with Russia when its current deal
with Gazprom expires in 2022, a government official
responsible for gas and power infrastructure told Reuters on
Monday.
Read more
long-term gas supply contract with Russia when its current deal
with Gazprom expires in 2022, a government official
responsible for gas and power infrastructure told Reuters on
Monday.
Read more
UPDATE 1-Saudi's SABIC agrees petrochemicals project with China's Shenhua
DUBAI, May 30 (Reuters) - Saudi Basic Industries Corp
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
Read more
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
Read more
UPDATE 1-Turkey hopes to reopen Tripoli embassy, build economic ties - foreign minister
TRIPOLI, May 30 (Reuters) - Turkey's foreign minister said
during a visit to Tripoli on Monday that his country hoped to be
the first to reopen its embassy in the Libyan capital, following
the arrival of a U.N.-backed unity government at the end of
March.
Read more
during a visit to Tripoli on Monday that his country hoped to be
the first to reopen its embassy in the Libyan capital, following
the arrival of a U.N.-backed unity government at the end of
March.
Read more
UPDATE 1-Workers at French oil port terminal extend strike - union
PARIS, May 30 (Reuters) - Workers at the CIM oil terminal
that handles about 40 percent of French crude imports have voted
to extend their strike at the Le Havre oil port hub until 1000
GMT on Wednesday, a CGT union official told Reuters.
Read more
that handles about 40 percent of French crude imports have voted
to extend their strike at the Le Havre oil port hub until 1000
GMT on Wednesday, a CGT union official told Reuters.
Read more
UPDATE 1-India caps refiners' dollar buying for Iran dues to shield rupee -sources
NEW DELHI, May 30 (Reuters) - The Reserve Bank of India has
capped weekly dollar purchases by oil refiners to pay off their
debts to Iran in order to avoid pressure on the rupee, three
sources said on Monday.
Read more
capped weekly dollar purchases by oil refiners to pay off their
debts to Iran in order to avoid pressure on the rupee, three
sources said on Monday.
Read more
Greece tells lenders it can't implement some extra demands - letter
ATHENS, May 30 (Reuters) - Greece has told its European and
International Monetary Fund creditors it cannot implement some
of the extra changes sought in exchange for fresh bailout loans,
three sources close to the talks said on Monday.
Read more
International Monetary Fund creditors it cannot implement some
of the extra changes sought in exchange for fresh bailout loans,
three sources close to the talks said on Monday.
Read more
Traffic at France's Le Havre oil terminal -port authority
PARIS, May 30 (Reuters) - Two oil tankers had unloaded their
cargo by Monday at Le Havre oil port in northern France, cutting
the number of ships held up there by a rolling nationwide strike
to nine from 11 on Friday, a port authority spokeswoman said.
Read more
cargo by Monday at Le Havre oil port in northern France, cutting
the number of ships held up there by a rolling nationwide strike
to nine from 11 on Friday, a port authority spokeswoman said.
Read more
China adds pipelines, depots at "teapot" oil hub to ease congestion
BEIJING, May 30 (Reuters) - A group of Chinese companies
plans to build new pipeline and storage facilities in eastern
Shandong province, the hub for the country's independent
refineries, providing much-needed infrastructure as crude oil
imports into the region surge.
Read more
plans to build new pipeline and storage facilities in eastern
Shandong province, the hub for the country's independent
refineries, providing much-needed infrastructure as crude oil
imports into the region surge.
Read more
Sunday, May 29, 2016
Australia shares near 9-mth peak, NZ stocks scales all-time high
SYDNEY/WELLINGTON, May 30 (Reuters) - Australian shares held
near nine-month peaks on Monday, as a rebound in oil prices
offset weakness in the mining sector, while New Zealand stocks
scaled a record high, putting both indices on track for a 3
percent monthly gain.
Read more
near nine-month peaks on Monday, as a rebound in oil prices
offset weakness in the mining sector, while New Zealand stocks
scaled a record high, putting both indices on track for a 3
percent monthly gain.
Read more
UPDATE 1-Suncor ramping up operations after Canada wildfire
TORONTO, May 29 (Reuters) - Suncor Energy Inc's
facilities north of Fort McMurray, Alberta, are expected to
partially restart by the end of the week, the company said on
Sunday, the latest sign Canadian oil sands producers are coming
back online after a massive wildfire.
Read more
facilities north of Fort McMurray, Alberta, are expected to
partially restart by the end of the week, the company said on
Sunday, the latest sign Canadian oil sands producers are coming
back online after a massive wildfire.
Read more
MIDEAST STOCKS-Scrapped Americana sale weighs on Kuwait; other bourses mixed
DUBAI, May 29 (Reuters) - Shares in Kuwaiti companies linked
with the al-Kharafi family tumbled on Sunday after the
multi-billion-dollar sale of another Kharafi-controlled business
was scrapped, while other markets were mixed in thin trade.
Read more
with the al-Kharafi family tumbled on Sunday after the
multi-billion-dollar sale of another Kharafi-controlled business
was scrapped, while other markets were mixed in thin trade.
Read more
Kuwait's KNPC says in talks for $6.4 bln in loans for Clean Fuels project
DUBAI, May 29 (Reuters) - Kuwait National Petroleum Company
(KNPC) is in final stages of talks with international
institutions for $6.4 billion in the second tranche of loans to
finance its multi-billion dollar Clean Fuels project, state news
agency KUNA reported on Sunday.
Read more
(KNPC) is in final stages of talks with international
institutions for $6.4 billion in the second tranche of loans to
finance its multi-billion dollar Clean Fuels project, state news
agency KUNA reported on Sunday.
Read more
UPDATE 1-Nigeria's Buhari says government to talk to Niger Delta leaders
ABUJA, May 29 (Reuters) - The Nigerian government will talk
to leaders in the Delta region to address their grievances while
cracking down on militants who have staged a wave of attacks oil
pipelines there, President Muhammadu Buhari said on Sunday.
Read more
to leaders in the Delta region to address their grievances while
cracking down on militants who have staged a wave of attacks oil
pipelines there, President Muhammadu Buhari said on Sunday.
Read more
UPDATE 1-Russian Energy Minister Novak says too early to write off OPEC
MOSCOW, May 29 (Reuters) - Russian Energy Minister Alexander
Novak believes that it is too early to write off OPEC despite
internal differences within the group, he said on the ministry's
Twitter feed, days before the organisation meets to discuss its
production policy.
Read more
Novak believes that it is too early to write off OPEC despite
internal differences within the group, he said on the ministry's
Twitter feed, days before the organisation meets to discuss its
production policy.
Read more
Nigeria's Buhari says government to talk to Niger Delta leaders
ABUJA, May 29 (Reuters) - Nigeria's government will continue
a crack down on militants attacking oil pipelines in the Delta
but also talk to leaders in the region to address their
grievances, President Muhammadu Buhari said on Sunday.
Read more
a crack down on militants attacking oil pipelines in the Delta
but also talk to leaders in the region to address their
grievances, President Muhammadu Buhari said on Sunday.
Read more
UPDATE 1-French PM says he will not bow to labour reform protestors
PARIS, May 29 (Reuters) - French Prime Minister Manuel Valls
is determined not to join a long list of politicians who have
conceded defeat to protesters, he told the Journal Du Dimanche
(JDD) newspaper, as the government prepares to dig in its heels
on labour reform.
Read more
is determined not to join a long list of politicians who have
conceded defeat to protesters, he told the Journal Du Dimanche
(JDD) newspaper, as the government prepares to dig in its heels
on labour reform.
Read more
Iran assembly head wins initial re-election vote -state media
DUBAI, May 29 (Reuters) - Moderate conservative Ali Larijani
was re-elected on Sunday as the temporary speaker of Iran's new
parliament which is dominated by first-term deputies.
Read more
was re-elected on Sunday as the temporary speaker of Iran's new
parliament which is dominated by first-term deputies.
Read more
Saturday, May 28, 2016
France's Sapin says government will stand firm on labour reform
PARIS, May 29 (Reuters) - A plan to overhaul labour rules is
crucial to proving France's ability to reform, and the
government will stand by it despite street protests and refinery
blockades, Finance Minister Michel Sapin said in an interview.
Read more
crucial to proving France's ability to reform, and the
government will stand by it despite street protests and refinery
blockades, Finance Minister Michel Sapin said in an interview.
Read more
Russia's Novak not planning to take part in June OPEC meeting - RIA
MOSCOW, May 28 (Reuters) - Russian Energy Minister Alexander
Novak said on Saturday he was not planning to take part in an
OPEC meeting in Vienna in June, RIA news agency reported.
Read more
Novak said on Saturday he was not planning to take part in an
OPEC meeting in Vienna in June, RIA news agency reported.
Read more
UPDATE 2-French fuel supply improving, but crisis not over - minister
PARIS, May 28 (Reuters) - France's fuel supply crisis is not
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposed to
labour reform plans.
Read more
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposed to
labour reform plans.
Read more
UPDATE 1 -French fuel supply improving, but crisis not over - minister
PARIS, May 28 (Reuters) - France's fuel supply crisis is not
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposing
labour reform plans.
Read more
yet over, the transport minister warned on Saturday, while Prime
Minister Manuel Valls was quoted as saying he was ready to ride
out protests at ports and fuel depots by strikers opposing
labour reform plans.
Read more
UPDATE 1-Militants attack major Nembe pipeline in Nigeria's Delta -officials
YENAGOA, Nigeria, May 28 (Reuters) - Militants attacked the
major Nembe pipeline in Nigeria's Delta region, two officials
said on Saturday, hours after the Niger Delta Avengers militants
claimed a strike on the facility.
Read more
major Nembe pipeline in Nigeria's Delta region, two officials
said on Saturday, hours after the Niger Delta Avengers militants
claimed a strike on the facility.
Read more
REFILE-Williams tells Energy Transfer it would consider new offer -sources
May 27 (Reuters) - Williams Cos Inc has informed
Energy Transfer Equity (ETE) LP that it is open to
considering a new offer that would amend terms of its $20
billion sale to its larger U.S pipeline peer in an effort to end
a stalemate between the companies, according to people familiar
with the matter.
Read more
Energy Transfer Equity (ETE) LP that it is open to
considering a new offer that would amend terms of its $20
billion sale to its larger U.S pipeline peer in an effort to end
a stalemate between the companies, according to people familiar
with the matter.
Read more
Friday, May 27, 2016
UPDATE 2-Putin says Romania, Poland may now be in Russia's cross-hairs
* Turkey must make first step to improve ties
(Adds comments on Crimea, Turkey, gas pipelines)
Read more
(Adds comments on Crimea, Turkey, gas pipelines)
Read more
UPDATE 1-At least two killed, others missing in Texas flooding
May 27 (Reuters) - At least two people person were killed
and three others missing on Friday as record rainfall and severe
flooding hit hard parts of southeast Texas, officials said.
Read more
and three others missing on Friday as record rainfall and severe
flooding hit hard parts of southeast Texas, officials said.
Read more
Putin vows Russian retaliation over U.S. missile shield
ATHENS, May 27 (Reuters) - Russian President Vladimir Putin
said on Friday Moscow had no choice but to retaliate over the
U.S. missile shield in Europe, and warned that both Romania and
Poland could find themselves in Russia's sights.
Read more
said on Friday Moscow had no choice but to retaliate over the
U.S. missile shield in Europe, and warned that both Romania and
Poland could find themselves in Russia's sights.
Read more
INSIGHT-NBA's Thunder targeted by deceased McClendon's creditors
NEW YORK, May 27 (Reuters) - This weekend, the Oklahoma City Thunder stands one game away from clinching a surprising spot in the NBA finals.
Read more
Read more
U.S. natgas speculators switch from net long to net short -CFTC
May 27 (Reuters) - U.S. natural gas speculators switched
their positions to net short after being net long since the
start of April, betting prices will have to remain low to
encourage generators to burn more of the fuel left in
inventories after a warm winter.
Read more
their positions to net short after being net long since the
start of April, betting prices will have to remain low to
encourage generators to burn more of the fuel left in
inventories after a warm winter.
Read more
UPDATE 1-U.S. oil drillers cut rigs despite price recovery -Baker Hughes
(New throughout, adds production data)
By Scott DiSavino
May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth
week in the last 10, energy services company Baker Hughes Inc
said on Friday, even as crude prices this week tested a
seven-month high at $50 a barrel.
Prices were on track to recover for seven out of the last
eight weeks, and are now at the high end of a level that
analysts and producers had said could soon trigger a return to
the well pad.
Drillers cut two oil
Read more
UPDATE 2-Managers take over operations, reopen pipes at French oil hub
* Union members to meet on Monday to decide next step
(Recast with managers taking over operations)
Read more
(Recast with managers taking over operations)
Read more
Croatian government rejects no-confidence vote against deputy PM
ZAGREB, May 27 (Reuters) - The Croatian government on Friday
rejected an opposition motion calling for a no-confidence vote
against the deputy prime minister over an alleged conflict of
interest, in a decision that laid bare deep divisions between
the coalition parties.
Read more
rejected an opposition motion calling for a no-confidence vote
against the deputy prime minister over an alleged conflict of
interest, in a decision that laid bare deep divisions between
the coalition parties.
Read more
U.S. oil drillers cut rigs despite $50 crude -Baker Hughes
By Scott DiSavino
May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth
week in the last 10, energy services company Baker Hughes Inc
said on Friday, despite crude prices this week testing a
seven-month high at $50 a barrel.
That is a key level that analysts and producers said would
trigger a return to the well pad.
Drillers cut 2 oil rigs in the week to May 27, bringing the
total rig count down to 316, the lowest level since October 2009
and about half the 646 rigs a year ago,
Read more
May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth
week in the last 10, energy services company Baker Hughes Inc
said on Friday, despite crude prices this week testing a
seven-month high at $50 a barrel.
That is a key level that analysts and producers said would
trigger a return to the well pad.
Drillers cut 2 oil rigs in the week to May 27, bringing the
total rig count down to 316, the lowest level since October 2009
and about half the 646 rigs a year ago,
Read more
CANADA STOCKS-TSX rises as financials rally; resource stocks dip with commodities
TORONTO, May 27 (Reuters) - Canada's main stock index rose
on Friday as financials rallied, while resource stocks retreated
with commodities and investors waited for possible clues on the
timing of U.S. interest rate hikes from Federal Reserve Chair
Janet Yellen.
Read more
on Friday as financials rallied, while resource stocks retreated
with commodities and investors waited for possible clues on the
timing of U.S. interest rate hikes from Federal Reserve Chair
Janet Yellen.
Read more
Germany monitoring Chinese takeovers to ensure no loss of technology-source
BERLIN, May 27 (Reuters) - Germany is closely monitoring
Chinese investment in the country and will consider each
takeover on a case-by-case basis to ensure it does not lose key
technology, a government source said on Friday.
Read more
Chinese investment in the country and will consider each
takeover on a case-by-case basis to ensure it does not lose key
technology, a government source said on Friday.
Read more
France says fuel supply improving after depot blockades cleared
PARIS, May 27 (Reuters) - The fuel supply situation in
France is improving after a week of disruption and shortages
caused by strikes and all but one of the country's fuel depot
blockades has been cleared, a transport ministry spokesman said
on Friday.
Read more
France is improving after a week of disruption and shortages
caused by strikes and all but one of the country's fuel depot
blockades has been cleared, a transport ministry spokesman said
on Friday.
Read more
UPDATE 1-Finland's Fortum buys waste treatment firm Ekokem for $525 mln
* Fortum looking for M&A following power grid divestments
(Adds CEO, analyst comments, Fortum M&A drive)
Read more
(Adds CEO, analyst comments, Fortum M&A drive)
Read more
U.S. Q1 economic growth revised up to 0.8 percent
WASHINGTON, May 27 (Reuters) - U.S. economic growth slowed
in the first quarter although not as sharply as initially
thought, amid a surge in spending on home building and a steady
increase in inventory investment by businesses.
Read more
in the first quarter although not as sharply as initially
thought, amid a surge in spending on home building and a steady
increase in inventory investment by businesses.
Read more
Weaker U.S. dollar rate allows Serbian gas price cut from June
BELGRADE, May 27 (Reuters) - Serbia will cut wholesale
prices of natural gas for households and industry from June by
3.6 percent and 4 percent, respectively, mainly to reflect a
weaker U.S. dollar exchange rate, energy regulator AERS said on
Friday.
Read more
prices of natural gas for households and industry from June by
3.6 percent and 4 percent, respectively, mainly to reflect a
weaker U.S. dollar exchange rate, energy regulator AERS said on
Friday.
Read more
Strike holds up 38 oil tankers at France's biggest oil port
PARIS, May 27 (Reuters) - Some 38 oil tankers have been held
up at the Fos-Lavera oil port in southern France, the country's
biggest, including 25 at harbour, up from 12 the previous day, a
port authority spokeswoman said on Friday.
Read more
up at the Fos-Lavera oil port in southern France, the country's
biggest, including 25 at harbour, up from 12 the previous day, a
port authority spokeswoman said on Friday.
Read more
UPDATE 1-Nigeria militants blow up gas, oil pipelines -community leader
YENAGOA, May 27 (Reuters) - Militants attacked crude oil and
gas pipelines operated by Nigeria's state oil firm in the Niger
Delta, a community leader said on Friday, in an attack claimed
by the Niger Delta Avengers, which has been targeting energy
facilities for weeks.
Read more
gas pipelines operated by Nigeria's state oil firm in the Niger
Delta, a community leader said on Friday, in an attack claimed
by the Niger Delta Avengers, which has been targeting energy
facilities for weeks.
Read more
Saudi Aramco says discovers new fields, to continue energy investments
KHOBAR, Saudi Arabia, May 27 (Reuters) - Saudi Arabia's
state oil giant Aramco discovered new oil and gas fields last
year and the kingdom is committed to continue investing in its
energy sector to meet future demand, its new energy minister
said.
Read more
state oil giant Aramco discovered new oil and gas fields last
year and the kingdom is committed to continue investing in its
energy sector to meet future demand, its new energy minister
said.
Read more
Anglo American appoints Bruce Cleaver CEO of De Beers
May 27 (Reuters) - Global mining company Anglo American Plc
said it appointed Bruce Cleaver as chief executive of
its unit, De Beers Group, after previous CEO Philippe Mellier
decided to step down.
Read more
said it appointed Bruce Cleaver as chief executive of
its unit, De Beers Group, after previous CEO Philippe Mellier
decided to step down.
Read more
UPDATE 1-Anglo American appoints Bruce Cleaver CEO of De Beers
May 27 (Reuters) - Global mining company Anglo American Plc
said it appointed Bruce Cleaver as chief executive of
its diamond mining unit De Beers Group, after previous CEO
Philippe Mellier decided to step down.
Read more
said it appointed Bruce Cleaver as chief executive of
its diamond mining unit De Beers Group, after previous CEO
Philippe Mellier decided to step down.
Read more
Thursday, May 26, 2016
UPDATE 2-Oil prices retreat from $50 on oversupply concerns, stronger dollar
SINGAPORE, May 27 (Reuters) - Oil futures slipped in Asian
trade on Friday after hitting resistance at the $50 a barrel
mark as investors worried higher prices could reactivate
shuttered crude output, adding to global oversupply.
Read more
trade on Friday after hitting resistance at the $50 a barrel
mark as investors worried higher prices could reactivate
shuttered crude output, adding to global oversupply.
Read more
Oil prices retreat from $50 on oversupply concerns
SINGAPORE, May 27 (Reuters) - Oil futures dipped further in
early Asian trade on Friday, finding resistance at the $50 a
barrel mark as investors worried higher prices could reactivate
shuttered crude output, adding to global oversupply.
Read more
early Asian trade on Friday, finding resistance at the $50 a
barrel mark as investors worried higher prices could reactivate
shuttered crude output, adding to global oversupply.
Read more
CANADA STOCKS-TSX ends slightly lower after posting a 9-month high
TORONTO, May 26 (Reuters) - Canada's main stock index edged
slightly lower on Thursday, including losses for resource stocks
as oil and gold prices dipped.
Read more
slightly lower on Thursday, including losses for resource stocks
as oil and gold prices dipped.
Read more
UPDATE 4-Trump takes aim at US environmental regulations to boost oil sector
BISMARCK, ND, May 26 (Reuters) - Donald Trump, the
presumptive Republican presidential nominee, promised on
Thursday to roll back some of America's most ambitious
environmental policies if elected, actions that he said would
revive the ailing U.S. oil and coal industries and bolster
national security.
Read more
presumptive Republican presidential nominee, promised on
Thursday to roll back some of America's most ambitious
environmental policies if elected, actions that he said would
revive the ailing U.S. oil and coal industries and bolster
national security.
Read more
WRAPUP 3-Canada's biggest banks braced for more oil losses
TORONTO, May 26 (Reuters) - Canada's biggest banks warned on
Thursday of further losses from oil loans in coming quarters as
energy companies struggled to repay loans, even as growth in
wealth management and retail banking helped the banks report
better-than-expected second-quarter earnings.
Read more
Thursday of further losses from oil loans in coming quarters as
energy companies struggled to repay loans, even as growth in
wealth management and retail banking helped the banks report
better-than-expected second-quarter earnings.
Read more
Croatian government in doubt as coalition partners split over confidence vote
ZAGREB, May 26 (Reuters) - The future of Croatia's
centre-right government was in doubt on Thursday after the
junior coalition partner said it would support the removal of
the deputy prime minister in a confidence vote to be held by
June 18.
Read more
centre-right government was in doubt on Thursday after the
junior coalition partner said it would support the removal of
the deputy prime minister in a confidence vote to be held by
June 18.
Read more
Trump says would approve Keystone XL pipeline if elected
BISMARCK, ND, May 26 (Reuters) - Republican presidential
contender Donald Trump said on Thursday that he would approve
TransCanada's Keystone XL pipeline proposal if elected,
reversing a decision by the administration of President Barack
Obama to block it over environmental concerns.
Read more
contender Donald Trump said on Thursday that he would approve
TransCanada's Keystone XL pipeline proposal if elected,
reversing a decision by the administration of President Barack
Obama to block it over environmental concerns.
Read more
UPDATE 2-Finland's TVO says Areva ended talks on delayed reactor project
HELSINKI, May 26 (Reuters) - French nuclear group Areva
has broken off talks with Finnish utility
Teollisuuden Voima (TVO) over the delayed Olkiluoto 3 nuclear
reactor, TVO said on Thursday.
Read more
has broken off talks with Finnish utility
Teollisuuden Voima (TVO) over the delayed Olkiluoto 3 nuclear
reactor, TVO said on Thursday.
Read more
Fraudsters abuse Canadians' goodwill in fire-hit region
CALGARY, Alberta, May 25 (Reuters) - The salt-of-the-earth
farmers and ranchers in the western Canadian town of Claresholm
thought Darryl Rondeau and his girlfriend were just desperate
for shelter and food, like many of the thousands of evacuees
escaping the wildfire-stricken oil patch up north.
Read more
farmers and ranchers in the western Canadian town of Claresholm
thought Darryl Rondeau and his girlfriend were just desperate
for shelter and food, like many of the thousands of evacuees
escaping the wildfire-stricken oil patch up north.
Read more
UPDATE 4-Nigerian leaders warn against crackdown in Delta as Chevron attacked
YENAGOA, Nigeria/LONDON, May 26 (Reuters) - Chevron's
onshore operations in Nigeria's Niger Delta have been
shut by a militant attack at its Escravos terminal, sources said
on Thursday, and local leaders said military confrontation would
not end the violence.
Read more
onshore operations in Nigeria's Niger Delta have been
shut by a militant attack at its Escravos terminal, sources said
on Thursday, and local leaders said military confrontation would
not end the violence.
Read more
REFILE-Protesters clash with police at French anti-reform demonstrations
PARIS, May 26 (Reuters) - Protesters clashed with police in Paris and other French cities during a nation-wide day of demonstrations against labour reforms.
Read more
Read more
German billionaire could get windfall from stake in robot maker Kuka
FRANKFURT, May 26 (Reuters) - German billionaire Friedhelm
Loh stands to make a huge profit if industrial robot
manufacturer Kuka accepts a $5-billion takeover bid by
Chinese home appliance producer Midea.
Read more
Loh stands to make a huge profit if industrial robot
manufacturer Kuka accepts a $5-billion takeover bid by
Chinese home appliance producer Midea.
Read more
Mining in hard times: small teams and big trucks for BHP's Olympic Dam
ROXBY DOWNS, Australia, May 27 (Reuters) - A vast copper and
uranium lode in Australia's parched outback, global miner BHP
Billiton's Olympic Dam was long emblematic of the
industry's boom year projects: complex, ambitious and - until
2012 - slated for a $20 billion expansion.
Read more
uranium lode in Australia's parched outback, global miner BHP
Billiton's Olympic Dam was long emblematic of the
industry's boom year projects: complex, ambitious and - until
2012 - slated for a $20 billion expansion.
Read more
U.S. durable goods surge on transportation, but business spending weak
WASHINGTON, May 26 (Reuters) - Orders for long-lasting U.S.
manufactured goods surged in April on strong demand for
transportation equipment and a range of other products, but
continued weakness in business spending plans suggested the
manufacturing rout was far from over.
Read more
manufactured goods surged in April on strong demand for
transportation equipment and a range of other products, but
continued weakness in business spending plans suggested the
manufacturing rout was far from over.
Read more
SE Asia Stocks-Sluggish on worries over China slowdown, Fed rate rise
By Aparajita Saxena
May 26 (Reuters) - Southeast Asian stocks were largely
sluggish on Thursday as worries over an imminent rate increase
by the U.S. Fed and signs of a slowdown in China hit sentiment,
but higher oil prices boosted energy shares across the board.
Chinese stocks fell to 2-1/2 month lows before closing
slightly higher on growing worries that the economy was losing
steam.
Data on Wednesday showed profits at China's state-owned
firms fell 8.4 percent year-on-year in the
Read more
May 26 (Reuters) - Southeast Asian stocks were largely
sluggish on Thursday as worries over an imminent rate increase
by the U.S. Fed and signs of a slowdown in China hit sentiment,
but higher oil prices boosted energy shares across the board.
Chinese stocks fell to 2-1/2 month lows before closing
slightly higher on growing worries that the economy was losing
steam.
Data on Wednesday showed profits at China's state-owned
firms fell 8.4 percent year-on-year in the
Read more
French PM Valls to receive oil sector industry interest groups
PARIS, May 26 (Reuters) - French Prime Minister Manuel Valls
will receive representatives of the oil industry in his office
on Saturday, his staff said on Thursday, as the sector is beset
by strikes against planned labour reforms.
Read more
will receive representatives of the oil industry in his office
on Saturday, his staff said on Thursday, as the sector is beset
by strikes against planned labour reforms.
Read more
Britain's FTSE hits one-month high as commodity stocks rally
LONDON, May 26 (Reuters) - Shares in UK mining and oil & gas
companies rallied on Thursday, tracking gains in commodities
prices, although companies going "ex-div" weighed on the wider
market.
Read more
companies rallied on Thursday, tracking gains in commodities
prices, although companies going "ex-div" weighed on the wider
market.
Read more
Chevron Nigeria facilities "grounded" by attack - source
YENAGOA, Nigeria, May 26 (Reuters) - Chevron's
onshore activities in Nigeria's Niger Delta have been shut down
by a militant attack on an electricity power line leading to its
Escravos terminal, a company source said on Thursday.
Read more
onshore activities in Nigeria's Niger Delta have been shut down
by a militant attack on an electricity power line leading to its
Escravos terminal, a company source said on Thursday.
Read more
Big Guards-owned company may lose out as Iran economy, politics shift
DUBAI, May 26 (Reuters) - Long used to lucrative state
contracts, Iran's biggest construction company faces leaner
times, as overseas firms better able to attract financing push
for orders in an economy trying to open to the world after years
of sanctions.
Read more
contracts, Iran's biggest construction company faces leaner
times, as overseas firms better able to attract financing push
for orders in an economy trying to open to the world after years
of sanctions.
Read more
Wednesday, May 25, 2016
Strike cuts 4,000 MW in French nuclear power capacity - grid operator
PARIS, May 26 (Reuters) - French nuclear power capacity was
cut by at least 4 gigawatts (GW) on Thursday after hardline CGT
union workers joined a rolling nationwide strike against planned
government reforms, grid operator RTE showed on its website.
Read more
cut by at least 4 gigawatts (GW) on Thursday after hardline CGT
union workers joined a rolling nationwide strike against planned
government reforms, grid operator RTE showed on its website.
Read more
COLUMN-LNG industry tension to rise as price breaks link to crude oil: Russell
LAUNCESTON, Australia, May 26 (Reuters) - The price of spot
cargoes of liquefied natural gas (LNG) in Asia has broken its
long-standing link to crude oil this year, a development likely
to fuel tensions in an already unsettled market.
Read more
cargoes of liquefied natural gas (LNG) in Asia has broken its
long-standing link to crude oil this year, a development likely
to fuel tensions in an already unsettled market.
Read more
Militant group purportedly claims new attack in Nigeria's Delta
LAGOS, May 26 (Reuters) - A militant group has purportedly
claimed a new attack on a Chevron oil facility in Nigeria's
restive Delta region, a message on a Twitter feed previously
used by the group to take credit for strikes against oil
facilities said.
Read more
claimed a new attack on a Chevron oil facility in Nigeria's
restive Delta region, a message on a Twitter feed previously
used by the group to take credit for strikes against oil
facilities said.
Read more
Colombia court rules local governments can restrict mining projects
BOGOTA, May 25 (Reuters) - Colombia's constitutional court
on Wednesday struck down a law which requires mining permits be
issued exclusively by the national government, a decision which
could open the way for provincial and local authorities to
restrict mining in their areas.
Read more
on Wednesday struck down a law which requires mining permits be
issued exclusively by the national government, a decision which
could open the way for provincial and local authorities to
restrict mining in their areas.
Read more
Oil prices edge towards $50 after U.S. crude stocks slump
SINGAPORE, May 26 (Reuters) - Oil prices inched towards $50
a barrel in early Asian trade on Thursday, after U.S. government
figures showed a sharper-than-expected drawdown of crude stocks
last week as imports dropped.
Read more
a barrel in early Asian trade on Thursday, after U.S. government
figures showed a sharper-than-expected drawdown of crude stocks
last week as imports dropped.
Read more
Canada's Suncor pushing for full operations by end-June -sources
CALGARY, Alberta, May 25 (Reuters) - Suncor Energy Inc
is pushing to reach full operations at its oil sands
projects in the fire-stricken Canadian province of Alberta
before July 1, according to several company employees.
Read more
is pushing to reach full operations at its oil sands
projects in the fire-stricken Canadian province of Alberta
before July 1, according to several company employees.
Read more
UPDATE 1-U.S. drivers hit roads in March at record levels - DOT
NEW YORK, May 25 (Reuters) - Americans drove 5 percent more
in March than they did a year earlier, the U.S. Department of
Transportation said on Wednesday, as low gas prices have spurred
miles driven so far in 2016 to the highest level on record.
Read more
in March than they did a year earlier, the U.S. Department of
Transportation said on Wednesday, as low gas prices have spurred
miles driven so far in 2016 to the highest level on record.
Read more
UPDATE 1-Mozambique confirms state firm missed debt payment deadline
MAPUTO, May 25 (Reuters) - State-owned Mozambique Asset
Management (MAM) missed a May 23 deadline to make a $178 million
loan repayment but remains in talks with creditors about
rescheduling the debt, finance ministry spokesman Rogério Nkomo
said on Wednesday.
Read more
Management (MAM) missed a May 23 deadline to make a $178 million
loan repayment but remains in talks with creditors about
rescheduling the debt, finance ministry spokesman Rogério Nkomo
said on Wednesday.
Read more
UPDATE 2-French labour clash escalates, public fear impact on Euro 2016
PARIS, May 25 (Reuters) - The stand-off between France's government and a hardline union over labour reforms stiffened on Wednesday as the country mobilised strategic oil stocks for the first time in 6 years and employers warned the protests were starting to hurt the economy.
Read more
Read more
Trump unlikely to be able to renegotiate climate deal - UN climate chief
COLOGNE, May 25 (Reuters) - Donald Trump would be "highly
unlikely" to be able to renegotiate the global accord on climate
change if elected U.S. president, the U.N.'s climate chief said
on Wednesday, as doing so would require the agreement of 195
countries.
Read more
unlikely" to be able to renegotiate the global accord on climate
change if elected U.S. president, the U.N.'s climate chief said
on Wednesday, as doing so would require the agreement of 195
countries.
Read more
Iran-Saudi row threatens any OPEC deal, puts role in question
LONDON/DUBAI, May 25 (Reuters) - OPEC's thorniest dilemma of
the past year - at least from a purely oil standpoint - is about
to disappear.
Read more
the past year - at least from a purely oil standpoint - is about
to disappear.
Read more
Slovakia says Mochovce nuclear plant to cost more than expected
BRATISLAVA, May 25 (Reuters) - Construction costs for
Slovakia's Mochovce nuclear plant, due to be completed by 2018,
will be higher than the 4.6 billion euros ($5 bln) approved by
the government, its economy minister said on Wednesday.
Read more
Slovakia's Mochovce nuclear plant, due to be completed by 2018,
will be higher than the 4.6 billion euros ($5 bln) approved by
the government, its economy minister said on Wednesday.
Read more
Trump advisers push him to target OPEC, regulations in big energy speech
WILLISTON, North Dakota, May 25 (Reuters) - Two energy
advisers to Donald Trump want him to call out members of the
Organization of the Petroleum Exporting Countries for driving
down world oil prices when he delivers a major energy policy
speech this week.
Read more
advisers to Donald Trump want him to call out members of the
Organization of the Petroleum Exporting Countries for driving
down world oil prices when he delivers a major energy policy
speech this week.
Read more
UPDATE 1-Outsourcing firm Serco forecasts higher full-year profit
May 25 (Reuters) - British outsourcing firm Serco Group Plc
forecast 2016 profit ahead of current market
expectations, citing the benefits of several contracts running
longer than previous anticipated and others being more
profitable.
Read more
forecast 2016 profit ahead of current market
expectations, citing the benefits of several contracts running
longer than previous anticipated and others being more
profitable.
Read more
Russia FinMin says no need to top up Eurobond issue
MOSCOW, May 25 (Reuters) - Russian Finance Minister Anton
Siluanov said on Wednesday he saw no need to top up the Eurobond
placed on Tuesday which raised $1.75 billion with foreigners as
the biggest buyers.
Read more
Siluanov said on Wednesday he saw no need to top up the Eurobond
placed on Tuesday which raised $1.75 billion with foreigners as
the biggest buyers.
Read more
France uses strategic oil reserves to counter refinery blockade
PARIS, May 25 (Reuters) - France has started using its
strategic oil reserves to counter union blockades of its
refineries, the French oil industry federation said on
Wednesday.
Read more
strategic oil reserves to counter union blockades of its
refineries, the French oil industry federation said on
Wednesday.
Read more
Tuesday, May 24, 2016
ABN Amro finds place in STOXX 600 index, Sports Direct out
LONDON, May 25 (Reuters) - Dutch bank ABN Amro and
German construction group Hochtief are among stocks to
be added to the pan-European STOXX 600 benchmark index,
potentially helping them attract more investment flows.
Read more
German construction group Hochtief are among stocks to
be added to the pan-European STOXX 600 benchmark index,
potentially helping them attract more investment flows.
Read more
Australia shares rebound 1.7 pct, energy, resources firms lead
SYDNEY/WELLINGTON, May 25 (Reuters) - Australian shares
bounced sharply off a two-week low on Wednesday, led by gains in
the energy and resources sectors as strong data in the United
States boosted commodity prices and Wall Street stocks.
Read more
bounced sharply off a two-week low on Wednesday, led by gains in
the energy and resources sectors as strong data in the United
States boosted commodity prices and Wall Street stocks.
Read more
Oil prices climb as U.S. crude stocks seen shrinking
SINGAPORE, May 25 (Reuters) - Oil futures rose on Wednesday
after U.S. industry data suggested a larger-than-expected
drawdown in crude inventories last week, although a stronger
U.S. dollar curbed gains.
Read more
after U.S. industry data suggested a larger-than-expected
drawdown in crude inventories last week, although a stronger
U.S. dollar curbed gains.
Read more
UPDATE 1-Australia's Wesfarmers signals $1.6 bln hit on Target, coal
SYDNEY, May 25 (Reuters) - Wesfarmers Ltd,
Australia's biggest company by sales, on Wednesday said it will
take impairment charges totalling up to A$2.2 billion ($1.6
billion) in fiscal 2016 due to poor coal prices and market
conditions at department store Target.
Read more
Australia's biggest company by sales, on Wednesday said it will
take impairment charges totalling up to A$2.2 billion ($1.6
billion) in fiscal 2016 due to poor coal prices and market
conditions at department store Target.
Read more
UPDATE 2-Marathon lays off 46 employees at Galveston Bay Refinery
HOUSTON, May 24 (Reuters) - Marathon Petroleum Corp
on Tuesday laid off 46 salaried employees at the company's
Galveston Bay Refinery in Texas City, Texas, the company said.
Read more
on Tuesday laid off 46 salaried employees at the company's
Galveston Bay Refinery in Texas City, Texas, the company said.
Read more
UPDATE 1-Michigan governor issues state of energy emergency ahead of holiday weekend
NEW YORK, May 24 (Reuters) - Michigan Governor Rick Snyder
declared a state of energy emergency on Tuesday because of
ongoing problems with a major petroleum products pipeline
combined with an unexpected outage at Marathon Petroleum Corp's
Detroit refinery.
Read more
declared a state of energy emergency on Tuesday because of
ongoing problems with a major petroleum products pipeline
combined with an unexpected outage at Marathon Petroleum Corp's
Detroit refinery.
Read more
UPDATE 1-Some crude production restarts as cool weather saps Canadian wildfire
CALGARY, Alberta, May 24 (Reuters) - Some crude producers
restarted operations on Tuesday in Canada's energy heartland as
a mass evacuation of the Fort McMurray oil town entered its
fourth week, though cool weather and light winds were helping
firefighters dampen the blaze.
Read more
restarted operations on Tuesday in Canada's energy heartland as
a mass evacuation of the Fort McMurray oil town entered its
fourth week, though cool weather and light winds were helping
firefighters dampen the blaze.
Read more
Marathon lays off 46 employees at Galveston Bay Refinery -memo
HOUSTON, May 24 (Reuters) - Marathon Petroleum Corp
on Tuesday laid off 46 salaried employees at the company's
Galveston Bay Refinery in Texas City, Texas, according to an
internal memo seen by Reuters.
Read more
on Tuesday laid off 46 salaried employees at the company's
Galveston Bay Refinery in Texas City, Texas, according to an
internal memo seen by Reuters.
Read more
UPDATE 2-Brazil's Temer seeks constitutional change to curb public spending
* Labor unions opposed to cuts in pension benefits
(Adds details from news conference, market reaction,
economist's comment)
Read more
(Adds details from news conference, market reaction,
economist's comment)
Read more
CFO of Russian coal and steel group Mechel to leave
MOSCOW, May 24 (Reuters) - Andrey Slivchenko, chief
financial officer of Mechel, is to leave following the
expiry of his two-year contract, the Russian coal and steel
producer said in a statement on Tuesday.
Read more
financial officer of Mechel, is to leave following the
expiry of his two-year contract, the Russian coal and steel
producer said in a statement on Tuesday.
Read more
RPT-Firefighters protect Canada's oil sands battling 1,100 C flames
EDMONTON/CALGARY, Alberta, May 24 (Reuters) - (Editor's
Note: Please be advised that the last paragraph contains
language that some readers may find offensive)
Read more
Note: Please be advised that the last paragraph contains
language that some readers may find offensive)
Read more
Greens urge halt to G7 nations' funding for overseas coal
BONN, Germany, May 24 (Reuters) - Environmental groups urged
Group of Seven (G7) nations led by Japan and Germany to stop
financing coal projects abroad, which they said amounted to $42
billion since 2007.
Read more
Group of Seven (G7) nations led by Japan and Germany to stop
financing coal projects abroad, which they said amounted to $42
billion since 2007.
Read more
RPT-U.S. refiners see surprise surge in diesel demand
NEW YORK, May 24 (Reuters) - U.S. refiners are enjoying
their strongest diesel margins in months as surprisingly robust
overseas demand, combined with lower domestic production has
triggered an unusually large drawdown in inventories for this
time of year.
Read more
their strongest diesel margins in months as surprisingly robust
overseas demand, combined with lower domestic production has
triggered an unusually large drawdown in inventories for this
time of year.
Read more
Total CEO says will "seriously reconsider" investments in France due to strikes - iTele
PARIS, May 24 (Reuters) - French oil and gas company Total
will "seriously reconsider" its investment plans in
France due to strikes in the oil sector that forced the company
to shut down refineries, iTele television reported Total's chief
executive as saying on Tuesday.
Read more
will "seriously reconsider" its investment plans in
France due to strikes in the oil sector that forced the company
to shut down refineries, iTele television reported Total's chief
executive as saying on Tuesday.
Read more
UPDATE 2-EDF says cannot give timing for UK nuclear investment decision
LONDON, May 24 (Reuters) - EDF cannot give a
definitive time for when the French utility will make an
investment decision regarding the Hinkley C nuclear project in
Britain, EDF Energy CEO Vincent de Rivaz told British lawmakers
on Tuesday.
Read more
definitive time for when the French utility will make an
investment decision regarding the Hinkley C nuclear project in
Britain, EDF Energy CEO Vincent de Rivaz told British lawmakers
on Tuesday.
Read more
RPT-Climate change takes center stage at Exxon, Chevron annual meetings
HOUSTON, May 24 (Reuters) - Exxon Mobil Corp and
Chevron Corp will face their toughest-ever push by
shareholders concerned about a warming world at annual meetings
on Wednesday, as the Paris accord to tackle climate change
ratchets up investor pressure on two of the world's largest oil
companies.
Read more
Chevron Corp will face their toughest-ever push by
shareholders concerned about a warming world at annual meetings
on Wednesday, as the Paris accord to tackle climate change
ratchets up investor pressure on two of the world's largest oil
companies.
Read more
Debt repayments in crude cripple poorer oil producers
LONDON, May 24 (Reuters) - Poorer oil-producing countries
which took out loans to be repaid in oil when the price was
higher are having to send three times as much to respect
repayment schedules now prices have fallen.
Read more
which took out loans to be repaid in oil when the price was
higher are having to send three times as much to respect
repayment schedules now prices have fallen.
Read more
UPDATE 1-French police break up refinery blockade amid anti-reform showdown
MARSEILLE, France, May 24 (Reuters) - French police using
water cannon and tear gas broke up a picket by striking workers
who were blocking access the Fos-sur-Mer refinery in the
southern port area of Marseille, an official of the CGT union
said on Tuesday.
Read more
water cannon and tear gas broke up a picket by striking workers
who were blocking access the Fos-sur-Mer refinery in the
southern port area of Marseille, an official of the CGT union
said on Tuesday.
Read more
Monday, May 23, 2016
French police clear refinery blockade with water cannon, tear gas -union
MARSEILLE, France, May 24 (Reuters) - French police on
Tuesday cleared away striking workers blockading the Fos-sur-Mer
refinery in Marseille using water cannon and tear gas, an
official of the CGT union said.
Read more
Tuesday cleared away striking workers blockading the Fos-sur-Mer
refinery in Marseille using water cannon and tear gas, an
official of the CGT union said.
Read more
COLUMN-Coking coal's sensible response to China's steel boom: Russell
LAUNCESTON, Australia, May 24 (Reuters) - With China's steel
and iron ore bubble popped, the market is struggling to work out
what price levels these commodities should be trading around.
Perhaps coking coal provides good guidance.
Read more
and iron ore bubble popped, the market is struggling to work out
what price levels these commodities should be trading around.
Perhaps coking coal provides good guidance.
Read more
Climate change takes center stage at Exxon, Chevron annual meetings
HOUSTON, May 24 (Reuters) - Exxon Mobil Corp and
Chevron Corp will face their toughest-ever push by
shareholders concerned about a warming world at annual meetings
on Wednesday, as the Paris accord to tackle climate change
ratchets up investor pressure on two of the world's largest oil
companies.
Read more
Chevron Corp will face their toughest-ever push by
shareholders concerned about a warming world at annual meetings
on Wednesday, as the Paris accord to tackle climate change
ratchets up investor pressure on two of the world's largest oil
companies.
Read more
Australia shares hit by stumble in energy firms, NZ at 2-wk lows
SYDNEY/WELLINGTON, May 24 (Reuters) - Australian shares were
down for a second day in subdued trade on Tuesday, as falling
oil prices pressured energy firms although miners proved
resilient to more weakness in iron ore.
Read more
down for a second day in subdued trade on Tuesday, as falling
oil prices pressured energy firms although miners proved
resilient to more weakness in iron ore.
Read more
Oil prices little changed as dollar gains, U.S. drawdown seen
SINGAPORE, May 24 (Reuters) - Oil prices were little changed
in thin early Asian trade on Tuesday as a firmer dollar weighed
on oil markets while a likely drawdown in U.S. crude and
gasoline stockpiles pointed to stronger demand ahead of the U.S.
summer driving season.
Read more
in thin early Asian trade on Tuesday as a firmer dollar weighed
on oil markets while a likely drawdown in U.S. crude and
gasoline stockpiles pointed to stronger demand ahead of the U.S.
summer driving season.
Read more
UPDATE 2-Mozambique heads for default after missing loan repayment deadline
* Secretive government borrowing triggered debt crisis
(Adds background, details on Eni, minister comments)
Read more
(Adds background, details on Eni, minister comments)
Read more
New York energy investor indicted for $45 million tax scheme
NEW YORK, May 23 (Reuters) - A New York energy investor has
been indicted for engaging in a multiyear scheme to evade paying
over $45 million in taxes in connection with the sale of an oil
company and the purchase of paintings by European artists, U.S.
prosecutors said on Monday.
Read more
been indicted for engaging in a multiyear scheme to evade paying
over $45 million in taxes in connection with the sale of an oil
company and the purchase of paintings by European artists, U.S.
prosecutors said on Monday.
Read more
UPDATE 2-Key Brazil minister steps aside in political scandal
BRASILIA, May 23 (Reuters) - Brazil's Planning Minister
Romero Juca said on Monday he will temporarily step down after a
newspaper published recordings of him discussing plans to
obstruct the country's biggest-ever corruption investigation,
which includes him among its targets.
Read more
Romero Juca said on Monday he will temporarily step down after a
newspaper published recordings of him discussing plans to
obstruct the country's biggest-ever corruption investigation,
which includes him among its targets.
Read more
UPDATE 1-French oil and port workers vote to begin new strikes
PARIS, May 23 (Reuters) - Oil sector workers of French CGT
and FO unions voted on Monday to begin a strike at Exxon Mobil's
240,000 barrels-per-day Port Jerome refinery in northern
France, the unions said in a joint statement.
Read more
and FO unions voted on Monday to begin a strike at Exxon Mobil's
240,000 barrels-per-day Port Jerome refinery in northern
France, the unions said in a joint statement.
Read more
UPDATE 1-Wildfire-sparked evacuation orders lifted at all Canadian work camps
CALGARY/TORONTO, May 23 (Reuters) - Authorities in Canada
lifted evacuation orders on Monday for all work camps and some
additional oil facilities that had been shuttered when a massive
wildfire threatened the nation's energy hub, a significant step
for companies eager to restart production.
Read more
lifted evacuation orders on Monday for all work camps and some
additional oil facilities that had been shuttered when a massive
wildfire threatened the nation's energy hub, a significant step
for companies eager to restart production.
Read more
UPDATE 1-Dutch pension fund PGGM critical of Shell ahead of annual meeting
AMSTERDAM, May 23 (Reuters) - Dutch pension fund PGGM, a
major shareholder in Royal Dutch Shell, criticised the
company's climate change policy on Monday, a day before Shell's
annual meeting.
Read more
major shareholder in Royal Dutch Shell, criticised the
company's climate change policy on Monday, a day before Shell's
annual meeting.
Read more
Uganda accuses Congo army of killing four of its police
KAMPALA, May 23 (Reuters) - Uganda said on Monday four
policemen patrolling on its side of Lake Albert had been killed
by Congolese troops and demanded Kinshasa punish those
responsible.
Read more
policemen patrolling on its side of Lake Albert had been killed
by Congolese troops and demanded Kinshasa punish those
responsible.
Read more
Dutch pension fund PGGM critical of Shell ahead of annual meeting
AMSTERDAM, May 23 (Reuters) - Dutch pension fund PGGM, a
major shareholder in Royal Dutch Shell, criticised the
company's climate change policy on Monday, a day before Shell's
annual meeting.
Read more
major shareholder in Royal Dutch Shell, criticised the
company's climate change policy on Monday, a day before Shell's
annual meeting.
Read more
MIDEAST STOCKS-Saudi slumps over 3 pct, other bourses mixed
DUBAI, May 23 (Reuters) - Saudi Arabia's stock index
sank 3.1 percent on Monday as investors sold shares
indiscriminately, while the United Arab Emirates and Qatar held
onto small gains. Egypt fell as foreign funds exited the market.
Read more
sank 3.1 percent on Monday as investors sold shares
indiscriminately, while the United Arab Emirates and Qatar held
onto small gains. Egypt fell as foreign funds exited the market.
Read more
UPDATE 1-General Atlantic buys majority stake in Argus Media
LONDON, May 23 (Reuters) - U.S. investment firm General
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion pounds ($1.45 billion).
Read more
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion pounds ($1.45 billion).
Read more
Could UAE solar push lead a trend for the Gulf?
DUBAI, May 23 (Thomson Reuters Foundation) - As the Gulf
states take steps to expand their use of clean energy, a bold
plan by the United Arab Emirates to boost its use of renewable
electricity from less than 1 percent to 24 percent in the next
five years could be a game-changer for the region, experts say.
Read more
states take steps to expand their use of clean energy, a bold
plan by the United Arab Emirates to boost its use of renewable
electricity from less than 1 percent to 24 percent in the next
five years could be a game-changer for the region, experts say.
Read more
Oil pares loss on report of drawdown at U.S. storage base Cushing
May 23 (Reuters) - Oil prices pared losses on Monday morning
after market intelligence firm Genscape reported a drawdown of
nearly 1 million barrels at the Cushing, Oklahoma delivery point
for U.S. crude futures in the week to May 20, traders said.
Read more
after market intelligence firm Genscape reported a drawdown of
nearly 1 million barrels at the Cushing, Oklahoma delivery point
for U.S. crude futures in the week to May 20, traders said.
Read more
General Atlantic to acquire majority stake in Argus Media
LONDON, May 23 (Reuters) - U.S. investment firm General
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion pounds ($1.45 billion).
Read more
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion pounds ($1.45 billion).
Read more
REFILE-Union workers vote to shut down Total's Grandpuits refinery -union official
PARIS, May 23 (Reuters) - Union members at Total
101,000 barrels-per-day Grandpuits refinery have voted on Monday
to shut down production as part of an ongoing protest over
labour reform laws, an FO union official told Reuters.
Read more
101,000 barrels-per-day Grandpuits refinery have voted on Monday
to shut down production as part of an ongoing protest over
labour reform laws, an FO union official told Reuters.
Read more
Britain's FTSE edges lower as commodities stocks slip
LONDON, May 23 (Reuters) - Britain's top share index edged
lower on Monday, with a drop in the prices of crude oil and
industrial metals putting pressure on commodities-related
stocks.
Read more
lower on Monday, with a drop in the prices of crude oil and
industrial metals putting pressure on commodities-related
stocks.
Read more
French CGT union launches 24-hour strike at Fos-Lavera oil terminals - official
PARIS, May 23 (Reuters) - France's hardline CGT union has
launched a 24-hour strike at the Fos-Lavera oil terminals in the
southern port city of Marseille as the union toughens its stance
against the government over a labour reform law.
Read more
launched a 24-hour strike at the Fos-Lavera oil terminals in the
southern port city of Marseille as the union toughens its stance
against the government over a labour reform law.
Read more
Oil discoveries sink to lowest since 1952 -Morgan Stanley
LONDON, May 23 (Reuters) - Oil discoveries in 2015 fell to
their lowest since 1952 as energy companies slashed exploration
budgets in the wake of the oil price fall, creating a gap for
meeting future demand, analysts at Morgan Stanley said on
Monday.
Read more
their lowest since 1952 as energy companies slashed exploration
budgets in the wake of the oil price fall, creating a gap for
meeting future demand, analysts at Morgan Stanley said on
Monday.
Read more
UPDATE 1-Taiwan's new financial regulator won't push for bank consolidation
TAIPEI, May 23 (Reuters) - Taiwan's top financial regulator
said on Monday it won't encourage consolidation in the island's
crowded banking sector, dashing expectations of some in the
market that the newly-elected government would push for local
mergers.
Read more
said on Monday it won't encourage consolidation in the island's
crowded banking sector, dashing expectations of some in the
market that the newly-elected government would push for local
mergers.
Read more
Sunday, May 22, 2016
U.S.-Vietnam ties should not put Asia stability at risk - China's Xinhua
BEIJING, May 23 (Reuters) - Improving ties between the
United States and Vietnam should not put peace and stability in
Asia at tisk, China's state news agency said, as U.S. President
Barack Obama began his first visit to Vietnam, which hopes
Washington will scrap its arms embargo.
Read more
United States and Vietnam should not put peace and stability in
Asia at tisk, China's state news agency said, as U.S. President
Barack Obama began his first visit to Vietnam, which hopes
Washington will scrap its arms embargo.
Read more
Eight shuttered work camps reopening in Canada's scorched oil lands
TORONTO, May 22 (Reuters) - Authorities in Canada have
announced the reopening of eight shuttered work camps south of
the wildfire-ravaged oil town of Fort McMurray, paving the way
for energy firms to restart production.
Read more
announced the reopening of eight shuttered work camps south of
the wildfire-ravaged oil town of Fort McMurray, paving the way
for energy firms to restart production.
Read more
Oil prices dip on strong dollar, firm global supplies
SINGAPORE, May 23 (Reuters) - Oil prices slipped in early
Asian trade on Monday on a strong dollar as the odds grow of a
June or July rate hike, and signs that global oil supply is
holding up even as unplanned outages rise to at least a
five-year high.
Read more
Asian trade on Monday on a strong dollar as the odds grow of a
June or July rate hike, and signs that global oil supply is
holding up even as unplanned outages rise to at least a
five-year high.
Read more
UPDATE 1-Oil prices dip on strong dollar, firm global supplies
* Market waiting to see if US shale production restarts -
investment chief
(Adds comment, updates prices)
Read more
investment chief
(Adds comment, updates prices)
Read more
UK advisers struggling with Chinese stock listings - survey
LONDON, May 23 (Reuters) - Almost two-thirds of the advisory
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
UPDATE 1-France has reserves to cope with oil refinery blockades, PM says
PARIS, May 22 (Reuters) - Prime Minister Manuel Valls said
on Sunday France had enough fuel reserves to tackle shortages at
hundreds of gas stations caused by workers blocking oil
refineries and depots in protest against reforms to labour laws.
Read more
on Sunday France had enough fuel reserves to tackle shortages at
hundreds of gas stations caused by workers blocking oil
refineries and depots in protest against reforms to labour laws.
Read more
Nigerian union suspends fuel protest strike
ABUJA, May 22 (Reuters) - A Nigerian union that defied a
court ban to launch a general strike in protest at a hefty
increase in fuel prices has suspended the industrial action
after five days, its president said on Sunday.
Read more
court ban to launch a general strike in protest at a hefty
increase in fuel prices has suspended the industrial action
after five days, its president said on Sunday.
Read more
UPDATE 1-Militants attack Agip pipeline in Nigeria's Bayelsa state
YENAGOA, Nigeria, May 22 (Reuters) - A crude oil pipeline in
Nigeria's southern state of Bayelsa operated by the local
subsidiary of Italy's Eni was attacked on Sunday, the
Nigeria Security and Civil Defence Corps (NSDC) said.
Read more
Nigeria's southern state of Bayelsa operated by the local
subsidiary of Italy's Eni was attacked on Sunday, the
Nigeria Security and Civil Defence Corps (NSDC) said.
Read more
Militants attack Agip oil pipeline in Nigeria's Bayelsa state- security agency
YENAGOA, Nigeria, May 22 (Reuters) - A crude oil pipeline in
Nigeria's southern state of Bayelsa operated by the local
subsidiary of Italy's Eni was attacked on Sunday, the
Nigeria Security and Civil Defence Corps (NSDC) said.
Read more
Nigeria's southern state of Bayelsa operated by the local
subsidiary of Italy's Eni was attacked on Sunday, the
Nigeria Security and Civil Defence Corps (NSDC) said.
Read more
UN says Sudan refuses to renew permit of senior humanitarian official
KHARTOUM, May 22 (Reuters) - The United Nations said on
Sunday that Sudanese authorities had declined to renew a permit
for the head of its humanitarian coordination office in
Khartoum, Ivo Freijsen, saying he was being effectively expelled
from the country.
Read more
Sunday that Sudanese authorities had declined to renew a permit
for the head of its humanitarian coordination office in
Khartoum, Ivo Freijsen, saying he was being effectively expelled
from the country.
Read more
MIDEAST STOCKS-Gulf markets fall as investors take profits; Egypt sags
DUBAI, May 22 (Reuters) - Stock markets in the Gulf fell on
Sunday as investors took profits, taking their cue from a dip in
Brent oil futures at the end of last week, while
concerns over security risks put pressure on Egyptian shares.
Read more
Sunday as investors took profits, taking their cue from a dip in
Brent oil futures at the end of last week, while
concerns over security risks put pressure on Egyptian shares.
Read more
UPDATE 1-Israel's government approves Leviathan natural gas deal
JERUSALEM, May 22 (Reuters) - Israel has approved a deal it
hopes will fast-track development of the huge Leviathan offshore
natural gas field and end years of regulatory uncertainty that
has stifled the country's nascent oil and gas industry.
Read more
hopes will fast-track development of the huge Leviathan offshore
natural gas field and end years of regulatory uncertainty that
has stifled the country's nascent oil and gas industry.
Read more
Abu Dhabi lays off staff as Gulf austerity tightens
ABU DHABI, May 22 (Reuters) - Thousands of layoffs at
state-linked companies in Abu Dhabi are a fresh sign the Gulf's
wealthy oil states are hunkering down for a long period of
austerity as low crude prices pressure their economies.
Read more
state-linked companies in Abu Dhabi are a fresh sign the Gulf's
wealthy oil states are hunkering down for a long period of
austerity as low crude prices pressure their economies.
Read more
Solar plane lands in Dayton, Ohio on latest leg of round-the-world flight
May 21 (Reuters) - An experimental airplane powered solely
by energy from the sun landed in Ohio on Saturday night on the
latest leg of its historic bid by pilots and developers to fly
around the globe without a drop of fuel.
Read more
by energy from the sun landed in Ohio on Saturday night on the
latest leg of its historic bid by pilots and developers to fly
around the globe without a drop of fuel.
Read more
Saturday, May 21, 2016
Venezuela leader says U.S. 'dreams' of dividing loyal military
CARACAS, May 21 (Reuters) - The United States "dreams of
dividing" a "Chavista" military fiercely loyal to Venezuela's
socialist government, president Nicolas Maduro said on Saturday,
as the military comes under scrutiny in the crisis-gripped OPEC
nation.
Read more
dividing" a "Chavista" military fiercely loyal to Venezuela's
socialist government, president Nicolas Maduro said on Saturday,
as the military comes under scrutiny in the crisis-gripped OPEC
nation.
Read more
UPDATE 1-Some evacuation orders lifted in Canada's scorched oil lands
TORONTO, May 21 (Reuters) - Authorities in Canada's
wildfire-ravaged energy heartland have lifted evacuation orders
on Suncor Energy Inc and Syncrude oil sites after rain
and cold weather helped dampen the flames.
Read more
wildfire-ravaged energy heartland have lifted evacuation orders
on Suncor Energy Inc and Syncrude oil sites after rain
and cold weather helped dampen the flames.
Read more
Canada's scorched oil lands have some evacuation orders lifted
TORONTO, May 21 (Reuters) - Authorities in Canada's
wildfire-ravaged energy heartland have lifted evacuation orders
on Suncor Energy Inc and Syncrude oil sites after rain
and cold weather helped dampen the flames.
Read more
wildfire-ravaged energy heartland have lifted evacuation orders
on Suncor Energy Inc and Syncrude oil sites after rain
and cold weather helped dampen the flames.
Read more
UPDATE 1-Strikes bring shortages in hundreds of French petrol stations
PARIS, May 21 (Reuters) - Hundreds of petrol stations faced
shortages in France on Saturday as protests over a labour law
reform led to a fall in refinery output and blockades that
hampered fuel supply and prompted consumer panic.
Read more
shortages in France on Saturday as protests over a labour law
reform led to a fall in refinery output and blockades that
hampered fuel supply and prompted consumer panic.
Read more
UPDATE 1-Four killed, 90 injured in Baghdad's Green Zone riots: hospitals
BAGHDAD, May 21 (Reuters) - At least four anti-government
protesters were killed and 90 injured when security forces
ejected them from Baghdad's heavily fortified Green Zone,
hospital sources said on Saturday.
Read more
protesters were killed and 90 injured when security forces
ejected them from Baghdad's heavily fortified Green Zone,
hospital sources said on Saturday.
Read more
Nigerian ex-militants call for end to Niger Delta pipeline attacks
YENAGOA, Nigeria May 21 (Reuters) - Former militants called
for a halt to a resurgence of attacks on oil and gas facilities
in Nigeria's southern Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
for a halt to a resurgence of attacks on oil and gas facilities
in Nigeria's southern Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
REFILE-UPDATE 1-Nigerian ex-militants call for end to Niger Delta pipeline attacks
YENAGOA, Nigeria May 21 (Reuters) - Former militants have
called for a halt to a resurgence of attacks on oil and gas
facilities in Nigeria's Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
called for a halt to a resurgence of attacks on oil and gas
facilities in Nigeria's Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
India pays part of Iran oil dues ahead of Modi visit
NEW DELHI, May 21 (Reuters) - Indian refiners have cleared
part of the $6.4 billion owed to Iran for crude oil imports in
euros through Turkey's Halkbank, three sources privy
to the payment said on Saturday.
Read more
part of the $6.4 billion owed to Iran for crude oil imports in
euros through Turkey's Halkbank, three sources privy
to the payment said on Saturday.
Read more
Four killed, 90 injured in Baghdad Green Zone riots -hospitals
BAGHDAD, May 21 (Reuters) - At least four people were killed
and 90 injured among anti-corruption protesters who stormed
Baghdad's heavily fortified Green Zone on Friday, hospital
sources said on Saturday.
Read more
and 90 injured among anti-corruption protesters who stormed
Baghdad's heavily fortified Green Zone on Friday, hospital
sources said on Saturday.
Read more
Black bears prowling Canadian oil town in wake of massive wildfire
CALGARY, May 20 (Reuters) - `Evacuees returning to the
charred Canadian oil sands city of Fort McMurray next month may
have to contend with black bears who have been prowling the
streets in search of food.
Read more
charred Canadian oil sands city of Fort McMurray next month may
have to contend with black bears who have been prowling the
streets in search of food.
Read more
Friday, May 20, 2016
UPDATE 3-Nigeria's Buhari orders heightened military presence in restive Niger Delta
ABUJA/ONITSHA, Nigeria, May 20 (Reuters) - Nigeria's
President Muhammadu Buhari on Friday said he ordered a
heightened military presence in the restive Niger Delta region
to deal with a resurgence of attacks on oil and gas facilities,
a day after yet another pipeline explosion.
Read more
President Muhammadu Buhari on Friday said he ordered a
heightened military presence in the restive Niger Delta region
to deal with a resurgence of attacks on oil and gas facilities,
a day after yet another pipeline explosion.
Read more
Peabody moves to end debt dispute in favor of unsecured creditors
CHICAGO, May 20 (Reuters) - Bankrupt coal producer Peabody
Energy Corp said in a court filing Friday it
believes its long-term debt should be included in its current
liabilities, a position that favors unsecured creditors to the
tune of $1 billion.
Read more
Energy Corp said in a court filing Friday it
believes its long-term debt should be included in its current
liabilities, a position that favors unsecured creditors to the
tune of $1 billion.
Read more
Canada's aboriginals tell Trudeau they can block pipelines
VANCOUVER, May 20 (Reuters) - Canadian aboriginal groups and
their allies said on Friday they have the power to block
proposed oil pipelines on land where they have proven title,
dismissing comments by Prime Minister Justin Trudeau who said no
community has a veto.
Read more
their allies said on Friday they have the power to block
proposed oil pipelines on land where they have proven title,
dismissing comments by Prime Minister Justin Trudeau who said no
community has a veto.
Read more
UPDATE 1-Freeport's oil and gas business scraps IPO
May 20 (Reuters) - Freeport-McMoRan Inc's oil and gas
business has withdrawn its initial public offering as
weak oil prices dent valuations of oil producers.
Read more
business has withdrawn its initial public offering as
weak oil prices dent valuations of oil producers.
Read more
Freeport's oil and gas business scraps IPO
May 20 (Reuters) - Freeport-McMoRan Inc's oil and gas
business filed on Friday to withdraw its initial public
offering amid a prolonged slump in oil prices.
Read more
business filed on Friday to withdraw its initial public
offering amid a prolonged slump in oil prices.
Read more
Oil sands cos losing up to $50 million a day as fires rage -analysts
NEW YORK, May 20 (Reuters) - Out-of-control wildfires that
have consumed over a million acres of land in Canada's Alberta
are costing oil companies as much as $50 million a day in lost
production, according to analysts.
Read more
have consumed over a million acres of land in Canada's Alberta
are costing oil companies as much as $50 million a day in lost
production, according to analysts.
Read more
UPDATE 1-Milder weather welcomed in Canada's fire-stricken energy heartland
CALGARY, May 20 (Reuters) - Firefighters battling a massive
blaze in Canada's energy heartland were buoyed on Friday by a
second day of rain and winds that pushed flames away from oil
sands facilities, as producers announced a gradual increase in
operations.
Read more
blaze in Canada's energy heartland were buoyed on Friday by a
second day of rain and winds that pushed flames away from oil
sands facilities, as producers announced a gradual increase in
operations.
Read more
UPDATE 1-Speculators cut U.S. natgas net longs -CFTC
May 20 (Reuters) - U.S. natural gas speculators cut net long
positions for a third week in four, betting prices would remain
low in future months to encourage power generators to burn more
of the record high inventory of fuel left after a warm winter.
Read more
positions for a third week in four, betting prices would remain
low in future months to encourage power generators to burn more
of the record high inventory of fuel left after a warm winter.
Read more
Libya's Haftar says won't work with unity govt until militias disbanded
PARIS, May 20 (Reuters) - It would be "unthinkable" for
eastern Libyan forces to join a U.N.-backed unity government
until militias aligned to it have been disbanded, General
Khalifa Haftar, who heads up troops in the east, said in an
interview broadcast on Friday.
Read more
eastern Libyan forces to join a U.N.-backed unity government
until militias aligned to it have been disbanded, General
Khalifa Haftar, who heads up troops in the east, said in an
interview broadcast on Friday.
Read more
U.S. oil rig count steady for first this time this year -Baker Hughes
By Scott DiSavino
May 20 (Reuters) - U.S. energy firms this week kept the
number of rigs drilling for oil unchanged for the first time
this year, services company Baker Hughes Inc said on
Friday, as crude futures trade near a seven-month high.
Drillers kept the number of rigs at 318 in the week to May
20, holding at the lowest level since October 2009, Baker Hughes
said in its closely followed report.
Prior to this week, drillers added only one rig so far this
Read more
May 20 (Reuters) - U.S. energy firms this week kept the
number of rigs drilling for oil unchanged for the first time
this year, services company Baker Hughes Inc said on
Friday, as crude futures trade near a seven-month high.
Drillers kept the number of rigs at 318 in the week to May
20, holding at the lowest level since October 2009, Baker Hughes
said in its closely followed report.
Prior to this week, drillers added only one rig so far this
Read more
UPDATE 1-U.S. oil rig count steady for first this time this year -Baker Hughes
(Recasts, adds quote)
By Scott DiSavino
May 20 (Reuters) - U.S. energy firms this week kept the
number of rigs drilling for oil unchanged for the first time
this year as crude futures trade near a seven-month high,
indicating that a near two-year slump in the rig count could be
ending as forecast by several analysts.
Drillers kept the number of rigs at 318 in
the week to May 20, holding at the lowest level since October
2009, energy services company Baker Hu
Read more
Little for U.S. stock investors to cheer on anniversary of S&P record high
By Lewis Krauskopf
NEW YORK, May 20 (Reuters) - A year ago the U.S. stock
market minted new all-time highs, but you could excuse investors
for not celebrating the anniversary.
The benchmark S&P 500 has failed to close higher since
ending at 2,130.82 on May 21, 2015, and now trades some 4
percent below that peak. It also has yet to top its intraday
record high of 2,134.72 hit on May 20, 2015.
A raft of concerns has pressured equities over the past
year, including worries about sluggi
Read more
NEW YORK, May 20 (Reuters) - A year ago the U.S. stock
market minted new all-time highs, but you could excuse investors
for not celebrating the anniversary.
The benchmark S&P 500 has failed to close higher since
ending at 2,130.82 on May 21, 2015, and now trades some 4
percent below that peak. It also has yet to top its intraday
record high of 2,134.72 hit on May 20, 2015.
A raft of concerns has pressured equities over the past
year, including worries about sluggi
Read more
EU appeals in WTO biodiesel dispute with Argentina
GENEVA, May 20 (Reuters) - The European Union has appealed
against a World Trade Organization ruling against anti-dumping
duties it imposed on imports of Argentinian biodiesel, the WTO
said in a statement on Friday.
Read more
against a World Trade Organization ruling against anti-dumping
duties it imposed on imports of Argentinian biodiesel, the WTO
said in a statement on Friday.
Read more
Gas pipeline in Niger Delta operated by Nigeria's NNPC attacked - community group
YENAGOA, Nigeria May 20 (Reuters) - A gas pipeline in
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group said on Friday.
Read more
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group said on Friday.
Read more
UPDATE 1-Gas pipeline in Niger Delta operated by Nigeria's NNPC attacked - community group
YENAGOA, Nigeria May 20 (Reuters) - A gas pipeline in
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group and a witness said on Friday.
Read more
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group and a witness said on Friday.
Read more
Milder weather welcomed in Canada's fire-stricken energy heartland
CALGARY, May 20 (Reuters) - Firefighters battling a massive
blaze in Canada's energy heartland could see a second day of
rainfall and winds on Friday, expected to beat flames back from
key oil sands facilities, as a producer announced a restart in
operations.
Read more
blaze in Canada's energy heartland could see a second day of
rainfall and winds on Friday, expected to beat flames back from
key oil sands facilities, as a producer announced a restart in
operations.
Read more
UPDATE 1-Russia's Novak says OPEC unlikely to make any decision on 'coordination'
SOCHI/MOSCOW, May 20 (Reuters) - Russian Energy Minister
Alexander Novak said on Friday that OPEC was unlikely take any
decisions on coordinated action regarding the oil market at its
meeting early next month.
Read more
Alexander Novak said on Friday that OPEC was unlikely take any
decisions on coordinated action regarding the oil market at its
meeting early next month.
Read more
UPDATE 1-Tanzania to start building $3 bln fertiliser plant this year
DAR ES SALAAM, May 20 (Reuters) - Tanzania plans to start
work this year on a $3 billion fertiliser plant, which it said
on Friday will be Africa's largest, as part of an effort to
increase its agricultural production.
Read more
work this year on a $3 billion fertiliser plant, which it said
on Friday will be Africa's largest, as part of an effort to
increase its agricultural production.
Read more
EU's Vestager to meet Gazprom's Medvedev over competition concerns
COPENHAGEN, May 20 (Reuters) - European Competition
Commissioner Margrethe Vestager has plans to meet Gazprom's
Deputy Chief Executive Alexander Medvedev for talks
over antitrust charges against the Russian company, she said on
Friday.
Read more
Commissioner Margrethe Vestager has plans to meet Gazprom's
Deputy Chief Executive Alexander Medvedev for talks
over antitrust charges against the Russian company, she said on
Friday.
Read more
Norway's greenhouse gas emissions rise, despite promised cuts
OSLO, May 20 (Reuters) - Norway's greenhouse gas emissions
rose by 1.5 percent last year, lifted by the oil and gas sector
and industry, making it harder for Oslo to keep promises of deep
cuts to limit global warming, official data showed on Friday.
Read more
rose by 1.5 percent last year, lifted by the oil and gas sector
and industry, making it harder for Oslo to keep promises of deep
cuts to limit global warming, official data showed on Friday.
Read more
REFILE-Britain's FTSE led higher by Coca-Cola HBC and miners
LONDON, May 20 (Reuters) - UK shares rose on Friday, set for
their biggest daily gain in more than a month after a rise in
bottling company Coca-Cola HBC and a rally in mining
stocks.
Read more
their biggest daily gain in more than a month after a rise in
bottling company Coca-Cola HBC and a rally in mining
stocks.
Read more
UPDATE 1-French CGT union calls for refinery shutdown in labour protest
PARIS, May 20 (Reuters) - France's CGT union called on
Friday for workers to halt production at the country's oil
refineries in an ongoing nationwide protest aimed at forcing the
government to drop a controversial labour reform.
Read more
Friday for workers to halt production at the country's oil
refineries in an ongoing nationwide protest aimed at forcing the
government to drop a controversial labour reform.
Read more
French CGT union calls for refinery output halt in labour protest
PARIS, May 20 (Reuters) - France's CGT union called on
Friday for workers to halt production at the country's oil
refineries to add pressure on the government to drop a
controversial labour reform.
Read more
Friday for workers to halt production at the country's oil
refineries to add pressure on the government to drop a
controversial labour reform.
Read more
Thursday, May 19, 2016
Australia shares rebound, set for weekly gain; NZ more subdued
SYDNEY/WELLINGTON, May 20 (Reuters) - Australian shares
staged a modest rebound on Friday after two sessions of declines
led by gains in the mining sector and some of the major banks,
setting the market on track to end the week a touch higher.
Read more
staged a modest rebound on Friday after two sessions of declines
led by gains in the mining sector and some of the major banks,
setting the market on track to end the week a touch higher.
Read more
Oil prices rise as turmoil in Nigeria adds to global supply disruptions
SINGAPORE, May 20 (Reuters) - Oil prices rose in early
trading on Friday as turmoil in Nigeria, shale bankruptcies in
the United States and crisis in Venezuela all contributed to
tightening supplies.
Read more
trading on Friday as turmoil in Nigeria, shale bankruptcies in
the United States and crisis in Venezuela all contributed to
tightening supplies.
Read more
UPDATE 2-Brazil taps ex-Bunge boss Parente as Petrobras CEO, replaces Bendine
BRASILIA/RIO DE JANEIRO, May 19 (Reuters) - Brazil's interim
President Michel Temer named Pedro Parente chief executive
officer of state-led oil company Petroleo Brasileiro SA on
Thursday as his government tries to kick-start a shrinking
economy and shore up the debt-laden oil producer.
Read more
President Michel Temer named Pedro Parente chief executive
officer of state-led oil company Petroleo Brasileiro SA on
Thursday as his government tries to kick-start a shrinking
economy and shore up the debt-laden oil producer.
Read more
UPDATE 2-Oil Search backs LNG push in PNG with $2.2 bln InterOil bid
MELBOURNE, May 20 (Reuters) - Australia's Oil Search Ltd
agreed a $2.2 billion deal to acquire InterOil Corp
on Friday in a move that could pave the way for two
rival liquefied natural gas projects led by global majors to
work together in Papua New Guinea.
Read more
agreed a $2.2 billion deal to acquire InterOil Corp
on Friday in a move that could pave the way for two
rival liquefied natural gas projects led by global majors to
work together in Papua New Guinea.
Read more
UPDATE 3-Canada regulator approves Kinder Morgan pipeline with conditions
VANCOUVER, May 19 (Reuters) - Canada's energy regulator on
Thursday recommended the approval of Kinder Morgan Inc's
plan to expand its Trans Mountain oil pipeline, subject to 157
conditions, clearing a major hurdle for the proposed trebling of
capacity to serve lucrative Asian markets.
Read more
Thursday recommended the approval of Kinder Morgan Inc's
plan to expand its Trans Mountain oil pipeline, subject to 157
conditions, clearing a major hurdle for the proposed trebling of
capacity to serve lucrative Asian markets.
Read more
UPDATE 2-U.S. blames Plains pipeline company for Santa Barbara oil spill
LOS ANGELES, May 19 (Reuters) - Numerous lapses in safety
measures, judgment and planning by Plains All American Pipeline
LP led to and worsened a major oil spill last year that
fouled miles of shoreline and ocean near Santa Barbara,
California, the U.S. Transportation Department said on Thursday.
Read more
measures, judgment and planning by Plains All American Pipeline
LP led to and worsened a major oil spill last year that
fouled miles of shoreline and ocean near Santa Barbara,
California, the U.S. Transportation Department said on Thursday.
Read more
CORRECTED-UPDATE 1-Brazil taps ex-Bunge boss Parente as Petrobras CEO, replaces Bendine
BRASILIA/RIO DE JANEIRO, May 19 (Reuters) - Brazil's interim
President Michel Temer named Pedro Parente chief executive
officer of state-led oil company Petroleo Brasileiro SA on
Thursday as his government tries to kick-start a shrinking
economy and shore up the debt-laden oil producer.
Read more
President Michel Temer named Pedro Parente chief executive
officer of state-led oil company Petroleo Brasileiro SA on
Thursday as his government tries to kick-start a shrinking
economy and shore up the debt-laden oil producer.
Read more
UPDATE 3-Canadian firefighters make progress against fire in oil sands region
CALGARY, Alberta, May 19 (Reuters) - Firefighters made
progress against a wildfire in the Fort McMurray region of
northern Alberta on Thursday as a shift in winds pushed it away
from communities and oil sands facilities.
Read more
progress against a wildfire in the Fort McMurray region of
northern Alberta on Thursday as a shift in winds pushed it away
from communities and oil sands facilities.
Read more
UPDATE 1-U.S. blames Plains pipeline company for Santa Barbara oil spill
LOS ANGELES, May 19 (Reuters) - Numerous lapses in safety
measures, judgment and planning by Plains All American Pipeline
LP led to and worsened a major oil spill last year that fouled
miles of shoreline and ocean near Santa Barbara, California, the
U.S. Transportation Department said on Thursday.
Read more
measures, judgment and planning by Plains All American Pipeline
LP led to and worsened a major oil spill last year that fouled
miles of shoreline and ocean near Santa Barbara, California, the
U.S. Transportation Department said on Thursday.
Read more
Incoming UN climate chief seeks swift action: at odds with Trump
OSLO, May 19 (Reuters) - The United Nations's incoming
climate chief said on Thursday she will push for rapid action
under a U.N. accord to slow global warming and expressed hopes
that U.S. Republican presidential candidate Donald Trump will
drop calls for a renegotiation if elected.
Read more
climate chief said on Thursday she will push for rapid action
under a U.N. accord to slow global warming and expressed hopes
that U.S. Republican presidential candidate Donald Trump will
drop calls for a renegotiation if elected.
Read more
UPDATE 2-Incident at Exxon terminal tests Nigeria's foundering oil output
NEW YORK/YENAGOA, Nigeria, May 19 (Reuters) - Nigeria's oil
production showed further signs of strain on Thursday as
intruders blocked access to Exxon Mobil's terminal
exporting Qua Iboe, the country's largest crude stream.
Read more
production showed further signs of strain on Thursday as
intruders blocked access to Exxon Mobil's terminal
exporting Qua Iboe, the country's largest crude stream.
Read more
SunEdison bankruptcy loan hearing moved to Friday
NEW YORK, May 19 (Reuters) - A scheduled hearing on Thursday
in U.S. Bankruptcy Court for the Southern District of New York
on a $300 million bankruptcy loan for renewable energy company
SunEdison Inc has been pushed back one day, until
Friday.
Read more
in U.S. Bankruptcy Court for the Southern District of New York
on a $300 million bankruptcy loan for renewable energy company
SunEdison Inc has been pushed back one day, until
Friday.
Read more
UPDATE 2-Golfer Mickelson not charged in insider trading case, will pay back $1 mln
NEW YORK, May 19 (Reuters) - Late in July 2012, Phil Mickelson, one of the world's most famous golfers, received a phone call from a well-known professional sports gambler, William "Billy" Walters.
Read more
Read more
France to remain long-term investor in merged TechnipFMC-source
PARIS, May 19 (Reuters) - The French government will remain
a long-term shareholder in the merged Technip-FMC group and sees
as important that it keeps a strong French presence, a source at
the economy ministry said on Thursday.
Read more
a long-term shareholder in the merged Technip-FMC group and sees
as important that it keeps a strong French presence, a source at
the economy ministry said on Thursday.
Read more
Sudan will not seek to renew peacekeeping mandate in Darfur
KHARTOUM, May 19 (Reuters) - Sudan will not seek to renew
the mandate for the international peacekeeping mission in Darfur
in June as it believes the insurgency there is winding down and
civilians are safe, its foreign minister said on Thursday.
Read more
the mandate for the international peacekeeping mission in Darfur
in June as it believes the insurgency there is winding down and
civilians are safe, its foreign minister said on Thursday.
Read more
UPDATE 1-Tanker begins delayed oil loading at Libya's Hariga -officials
BENGHAZI, Libya, May 19 (Reuters) - A tanker that had been
blocked for three weeks in a stand-off over oil exports at the
eastern Libyan port of Marsa al-Hariga entered the port and
began loading on Thursday, officials said.
Read more
blocked for three weeks in a stand-off over oil exports at the
eastern Libyan port of Marsa al-Hariga entered the port and
began loading on Thursday, officials said.
Read more
Russia to lend Egypt $25 billion to build nuclear power plant
CAIRO, May 19 (Reuters) - Russia will loan Egypt $25 billion
to finance building and operating a nuclear power plant in
Egypt, the official gazette said on Thursday.
Read more
to finance building and operating a nuclear power plant in
Egypt, the official gazette said on Thursday.
Read more
RPT-With big outages in oil supply, buyers tap plentiful storage
NEW YORK, May 19 (Reuters) - Oil traders from Houston to the
North Sea are tapping into plentiful storage onshore and
offshore, evincing little sign of concern yet about mammoth
supply losses from Canada to Nigeria that has knocked out about
2 million barrels a day of output.
Read more
North Sea are tapping into plentiful storage onshore and
offshore, evincing little sign of concern yet about mammoth
supply losses from Canada to Nigeria that has knocked out about
2 million barrels a day of output.
Read more
Britain's FTSE falls as travel stocks suffer
* Prospect of U.S. Fed rate hike puts pressure on miners
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development. See the bottom of the report for more
details)
Read more
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development. See the bottom of the report for more
details)
Read more
UPDATE 3-Oil drops below $48 on Fed hike speculation, fading support from outages
* Supply outages support, but some Nigerian output returning
(Previous SINGAPORE, updates prices, adds quotes)
Read more
(Previous SINGAPORE, updates prices, adds quotes)
Read more
UPDATE 1-IMF backs Saudi economic plan for "appropriately bold" transformation
DUBAI, May 19 (Reuters) - The International Monetary Fund
backed Saudi Arabia's sweeping economic reform plan on Thursday
and said the kingdom was cutting spending at the right speed to
cope with a huge state budget deficit caused by low oil prices.
Read more
backed Saudi Arabia's sweeping economic reform plan on Thursday
and said the kingdom was cutting spending at the right speed to
cope with a huge state budget deficit caused by low oil prices.
Read more
UPDATE 2-Oil drops on surging dollar, rising U.S. crude stocks, jump in Iran exports
SINGAPORE, May 19 (Reuters) - Oil prices fell on Thursday,
pulled down by rising U.S. crude inventories, a stronger dollar
and surging output from Iran to Europe and Asia.
Read more
pulled down by rising U.S. crude inventories, a stronger dollar
and surging output from Iran to Europe and Asia.
Read more
Wednesday, May 18, 2016
With big outages in oil supply, buyers tap plentiful storage
NEW YORK, May 19 (Reuters) - Oil traders from Houston to the
North Sea are tapping into plentiful storage onshore and
offshore, evincing little sign of concern yet about mammoth
supply losses from Canada to Nigeria that has knocked out about
2 million barrels a day of output.
Read more
North Sea are tapping into plentiful storage onshore and
offshore, evincing little sign of concern yet about mammoth
supply losses from Canada to Nigeria that has knocked out about
2 million barrels a day of output.
Read more
UPDATE 2-China tells bloated state firms to cut fat, improve competitiveness
BEIJING, May 18 (Reuters) - Chinese state firms should cut
excessive management, reduce costs and adopt market-based
operations to improve their competitiveness, the country's
cabinet on Wednesday.
Read more
excessive management, reduce costs and adopt market-based
operations to improve their competitiveness, the country's
cabinet on Wednesday.
Read more
Oil drops on surging dollar, rising U.S. crude stocks, jump in Iran exports
SINGAPORE, May 19 (Reuters) - Oil prices fell early on
Thursday, pulled down by rising U.S. crude inventories, a
stronger dollar and surging output from Iran to Europe and Asia.
Read more
Thursday, pulled down by rising U.S. crude inventories, a
stronger dollar and surging output from Iran to Europe and Asia.
Read more
UPDATE 1-Halcón reaches pact with creditors on prepackaged bankruptcy plan
May 18 (Reuters) - Halcón Resources Corp, which
produces oil in Texas and North Dakota, said on Wednesday it
plans to file for a prepackaged bankruptcy that would wipe out
$1.8 billion in debt and help it survive the drop in crude
prices.
Read more
produces oil in Texas and North Dakota, said on Wednesday it
plans to file for a prepackaged bankruptcy that would wipe out
$1.8 billion in debt and help it survive the drop in crude
prices.
Read more
RPT-COLUMN-India sees road building as route to prosperity: Kemp
LONDON, May 18 (Reuters) - India has embarked on a massive
road construction programme that both reflects and will
stimulate increased ownership of cars and motorcycles and drive
continued rapid growth in gasoline and diesel consumption.
Read more
road construction programme that both reflects and will
stimulate increased ownership of cars and motorcycles and drive
continued rapid growth in gasoline and diesel consumption.
Read more
REUTERS SUMMIT-Credit risks persist, especially in energy -U.S. monitor
WASHINGTON, May 18 (Reuters) - Credit risks continue to
mount in the U.S. financial system, even in the energy sector
which recently saw some improvement, the head of the agency
focused on the country's financial stability said on Wednesday.
Read more
mount in the U.S. financial system, even in the energy sector
which recently saw some improvement, the head of the agency
focused on the country's financial stability said on Wednesday.
Read more
RPT-Diamonds no longer forever as miners seek new marketing polish
BRUSSELS, May 18 (Reuters) - The Diamond Producers'
Association, set up last year, to spur demand, will launch a
slogan early in June to replace "diamonds are forever", viewed
as one of the most successful campaigns of all time but in need
of updating, it said on Wednesday.
Read more
Association, set up last year, to spur demand, will launch a
slogan early in June to replace "diamonds are forever", viewed
as one of the most successful campaigns of all time but in need
of updating, it said on Wednesday.
Read more
UPDATE 1-Argentina refiners buy Nigeria crude, 2nd foreign cargo this year
HOUSTON/BUENOS AIRES, May 18 (Reuters) - A 1-million-barrel
cargo of Nigeria's Bonga medium crude oil is expected to be
discharged in Argentina this week, the second crude import by
firms operating in the South American country this year to
secure oil supplies for their refineries, according to industry
sources and Reuters data on Wednesday.
Read more
cargo of Nigeria's Bonga medium crude oil is expected to be
discharged in Argentina this week, the second crude import by
firms operating in the South American country this year to
secure oil supplies for their refineries, according to industry
sources and Reuters data on Wednesday.
Read more
UPDATE 2-U.S. grain handler Andersons rejects HC2's $1 bln bid
May 18 (Reuters) - Loss-making U.S. grain handler Andersons
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp downturn in the agricultural
economy.
Read more
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp downturn in the agricultural
economy.
Read more
U.S. may curb coal cleanup subsidy -official
May 18 (Reuters) - The United States is considering whether
to reign in a subsidy on coal mine cleanup costs and in so doing
shield taxpayers from those liabilities, a leading regulator for
the mining industry said on Wednesday.
Read more
to reign in a subsidy on coal mine cleanup costs and in so doing
shield taxpayers from those liabilities, a leading regulator for
the mining industry said on Wednesday.
Read more
U.S. EPA proposes modest rise in 2017 biofuels targets -document
NEW YORK, May 18 (Reuters) - U.S. environmental regulators
proposed on Wednesday that fuel companies have to mix 18.8
billion gallons of corn-based ethanol and biofuels into the
country's diesel and gasoline next year, according to an
official document seen by Reuters.
Read more
proposed on Wednesday that fuel companies have to mix 18.8
billion gallons of corn-based ethanol and biofuels into the
country's diesel and gasoline next year, according to an
official document seen by Reuters.
Read more
De Beers enters C$20 mln Canadian diamond exploration deal
TORONTO, May 18 (Reuters) - De Beers Canada said on
Wednesday it would spend up to C$20.4 million ($15.8 million)
under a diamond exploration agreement with CanAlaska Uranium Ltd
for target areas in Canada's Athabasca Basin.
Read more
Wednesday it would spend up to C$20.4 million ($15.8 million)
under a diamond exploration agreement with CanAlaska Uranium Ltd
for target areas in Canada's Athabasca Basin.
Read more
EPA seen increasing biofuels targets to 18.8 bln gallons -sources
NEW YORK, May 18 (Reuters) - U.S. environmental regulators
will propose on Wednesday that fuel companies must mix 18.8
billion gallons of corn-based ethanol and biofuels into the
nation's diesel and gasoline next year, two sources familiar
with the situation said.
Read more
will propose on Wednesday that fuel companies must mix 18.8
billion gallons of corn-based ethanol and biofuels into the
nation's diesel and gasoline next year, two sources familiar
with the situation said.
Read more
UPDATE 1-Climate changes mean Canada to spend more on disasters -insurers
OTTAWA, May 18 (Reuters) - Canada will have to set aside
more money to deal with natural disasters like wildfires, storms
and floods as climate change starts to bite, the head of the
country's property insurance industry group said on Wednesday.
Read more
more money to deal with natural disasters like wildfires, storms
and floods as climate change starts to bite, the head of the
country's property insurance industry group said on Wednesday.
Read more
Climate changes mean Canada to spend more on disasters- insurers
OTTAWA, May 18 (Reuters) - Canada will have to set aside
more money to deal with natural disasters like wildfires, storms
and floods as climate change starts to bite, the country's
property insurance industry group said on Wednesday.
Read more
more money to deal with natural disasters like wildfires, storms
and floods as climate change starts to bite, the country's
property insurance industry group said on Wednesday.
Read more
UPDATE 2-Hot weather, winds fuel fire near Alberta oil sands
CALGARY, Alberta, May 18 (Reuters) - Hot and dry weather and
strong winds were expected to push a massive wildfire burning
near Fort McMurray, Alberta eastward on Wednesday, threatening
facilities and work camps in Canada's prized oil sands region.
Read more
strong winds were expected to push a massive wildfire burning
near Fort McMurray, Alberta eastward on Wednesday, threatening
facilities and work camps in Canada's prized oil sands region.
Read more
U.S. EPA expected to increase 2017 biofuels targets -sources
NEW YORK, May 18 (Reuters) - U.S. environmental regulators
were expected to raise targets for the amount of corn-based
ethanol and biofuels that must be mixed into the nation's motor
fuel supply next year in a proposal that could come as early as
Wednesday afternoon, five sources said.
Read more
were expected to raise targets for the amount of corn-based
ethanol and biofuels that must be mixed into the nation's motor
fuel supply next year in a proposal that could come as early as
Wednesday afternoon, five sources said.
Read more
COLUMN-India sees road building as route to prosperity: Kemp
LONDON, May 18 (Reuters) - India has embarked on a massive
road construction programme that both reflects and will
stimulate increased ownership of cars and motorcycles and drive
continued rapid growth in gasoline and diesel consumption.
Read more
road construction programme that both reflects and will
stimulate increased ownership of cars and motorcycles and drive
continued rapid growth in gasoline and diesel consumption.
Read more
Russia's VTB to grow trading to help Russian commodity exports
LONDON, May 18 (Reuters) - Russia's second largest bank,
state-controlled VTB, is growing its commodities trading
business to help the country's oil, coal and metals producers
expand in new markets from China to Africa.
Read more
state-controlled VTB, is growing its commodities trading
business to help the country's oil, coal and metals producers
expand in new markets from China to Africa.
Read more
Azerbaijan's economy contracts by 4.5 pct in Jan-Apr
BAKU, May 18 (Reuters) - Azerbaijan's economy shrank by 4.5
percent year-on-year in January-April, compared with growth of
5.5 percent in the same period last year, the State Statistics
Committee said on Wednesday.
Read more
percent year-on-year in January-April, compared with growth of
5.5 percent in the same period last year, the State Statistics
Committee said on Wednesday.
Read more
UPDATE 1-Malaysia's Petronas warns of further oil price impact as profit hit
SINGAPORE, May 18 (Reuters) - Malaysia's Petroliam Nasional
Bhd warned that lower oil prices will continue to hurt
its earnings on Wednesday after its first quarter profit fell by
60 percent.
Read more
Bhd warned that lower oil prices will continue to hurt
its earnings on Wednesday after its first quarter profit fell by
60 percent.
Read more
Malaysia's Petronas posts 60 pct drop in Q1 profit
SINGAPORE, May 18 (Reuters) - Malaysian state oil company
Petroliam Nasional Bhd said its first-quarter net
profit slumped 60 percent due to lower oil prices.
Read more
Petroliam Nasional Bhd said its first-quarter net
profit slumped 60 percent due to lower oil prices.
Read more
Iran's May oil exports set to surge nearly 60 pct from a year ago -source
TOKYO, May 18 (Reuters) - Iran's oil exports are set to
surge in May, climbing nearly 60 percent from a year ago, with
European shipments recovering to about half of pre-sanction
levels, according to a source with knowledge of the country's
crude lifting plans.
Read more
surge in May, climbing nearly 60 percent from a year ago, with
European shipments recovering to about half of pre-sanction
levels, according to a source with knowledge of the country's
crude lifting plans.
Read more
Tuesday, May 17, 2016
Australia, New Zealand shares edge lower
SYDNEY/WELLINGTON, May 18 (Reuters) - Australian shares
dipped on Wednesday, falling for the first time in three
sessions as revived expectations of an U.S. interest rate hike
weighed, though stronger commodities prices offset some of the
losses.
Read more
dipped on Wednesday, falling for the first time in three
sessions as revived expectations of an U.S. interest rate hike
weighed, though stronger commodities prices offset some of the
losses.
Read more
COLUMN-China's surging crude oil imports for storage may ease: Russell
LAUNCESTON, Australia, May 18 (Reuters) - China appears to
be stockpiling crude oil at a faster pace than the market had
expected, taking advantage of low prices but perhaps also
pulling forward its demand for imported crude.
Read more
be stockpiling crude oil at a faster pace than the market had
expected, taking advantage of low prices but perhaps also
pulling forward its demand for imported crude.
Read more
China April power consumption up 1.9 pct on year -energy regulator
BEIJING, May 18 (Reuters) - China consumed 456.9 kilowatt
hours of power in April, up 1.9 percent compared to the same
month of last year, the country's energy regulator said on
Wednesday.
Read more
hours of power in April, up 1.9 percent compared to the same
month of last year, the country's energy regulator said on
Wednesday.
Read more
UPDATE 1-Petrobras to tap Parente as CEO this week, sources say
SAO PAULO/BRASILIA, May 17 (Reuters) - State-controlled
Petróleo Brasileiro SA will appoint former
presidential chief of staff Pedro Parente as chief executive
officer, as Brazil's new interim government seeks to stamp its
authority on the debt-laden oil producer, two sources with
knowledge of the decision said on Tuesday.
Read more
Petróleo Brasileiro SA will appoint former
presidential chief of staff Pedro Parente as chief executive
officer, as Brazil's new interim government seeks to stamp its
authority on the debt-laden oil producer, two sources with
knowledge of the decision said on Tuesday.
Read more
UPDATE 1-Brazil delays leniency deals in graft probe, calls for rigor
SAO PAULO/BRASILIA, May 17 (Reuters) - Brazil's new interim
government is suspending negotiations with construction
companies caught up in a massive corruption investigation in
order to make leniency deals more rigorous and prove its
anti-graft credentials.
Read more
government is suspending negotiations with construction
companies caught up in a massive corruption investigation in
order to make leniency deals more rigorous and prove its
anti-graft credentials.
Read more
Dallas Fed's Kaplan sees 'gradual recovery' ahead for U.S. oil patch
MIDLAND, Texas, May 17 (Reuters) - Dallas Federal Reserve
Bank President Robert Kaplan said on Tuesday that while he
expects more bankruptcies for oil and gas producers this year,
he sees energy prices firming, along with prospects for jobs and
investment.
Read more
Bank President Robert Kaplan said on Tuesday that while he
expects more bankruptcies for oil and gas producers this year,
he sees energy prices firming, along with prospects for jobs and
investment.
Read more
UPDATE 1-Most Texas quakes likely caused by oil, gas activities -study
HOUSTON, May 17 (Reuters) - Oil and gas activities may have
caused nearly nine in 10 of the earthquakes Texas has
experienced in the past 40 years, and the quakes have become
more frequent as oilfield activity has picked up in the past
decade, according to a forthcoming study.
Read more
caused nearly nine in 10 of the earthquakes Texas has
experienced in the past 40 years, and the quakes have become
more frequent as oilfield activity has picked up in the past
decade, according to a forthcoming study.
Read more
UPDATE 4-Petrobras raises $6.75 bln in return to global debt markets
SAO PAULO, May 17 (Reuters) - State-controlled Petróleo
Brasileiro SA raised $6.75 billion on Tuesday from a sale of
five- and 10-year dollar-denominated bonds, in a closely watched
return to global capital markets after the suspension of
Brazilian President Dilma Rousseff.
Read more
Brasileiro SA raised $6.75 billion on Tuesday from a sale of
five- and 10-year dollar-denominated bonds, in a closely watched
return to global capital markets after the suspension of
Brazilian President Dilma Rousseff.
Read more
UPDATE 3-Plains All American Pipeline indicted in Santa Barbara oil spill
LOS ANGELES, May 17 (Reuters) - A Houston-based pipeline
company has been indicted in California on 46 criminal charges
stemming from a major oil spill last year that forced beach
closures and fouled miles of shoreline near Santa Barbara,
prosecutors said on Tuesday.
Read more
company has been indicted in California on 46 criminal charges
stemming from a major oil spill last year that forced beach
closures and fouled miles of shoreline near Santa Barbara,
prosecutors said on Tuesday.
Read more
Most Texas quakes likely caused by oil, gas activities -study
NEW YORK, May 17 (Reuters) - Oil and gas activities may have
caused nearly nine in 10 of the earthquakes Texas has
experienced in the past 40 years, and the quakes have become
more frequent as oilfield activity has picked up in the past
decade, according to a forthcoming study.
Read more
caused nearly nine in 10 of the earthquakes Texas has
experienced in the past 40 years, and the quakes have become
more frequent as oilfield activity has picked up in the past
decade, according to a forthcoming study.
Read more
European shares end little changed; Taylor Wimpey, Vodafone rise
LONDON/MILAN, May 17 (Reuters) - European shares steadied on
Tuesday with gains in companies such as Taylor Wimpey and
Vodafone following encouraging updates and a rally in
mining companies offset by a weaker auto sector.
Read more
Tuesday with gains in companies such as Taylor Wimpey and
Vodafone following encouraging updates and a rally in
mining companies offset by a weaker auto sector.
Read more
UPDATE 1-Nigerian court blocks general strike over petrol price rise
ABUJA, May 17 (Reuters) - Nigerian labour unions
representing millions of workers have been blocked from staging
a general strike in protest against government plans to increase
petrol prices by up to 67 percent.
Read more
representing millions of workers have been blocked from staging
a general strike in protest against government plans to increase
petrol prices by up to 67 percent.
Read more
UPDATE 2-Canadian wildfire shifts north, prolonging oil sands shutdown
CALGARY, Alberta, May 17 (Reuters) - A massive wildfire
around the oil sands hub of Fort McMurray, Alberta, moved toward
energy production facilities on Tuesday, extending a shutdown
that has led to lost Canadian output of one million barrels a
day.
Read more
around the oil sands hub of Fort McMurray, Alberta, moved toward
energy production facilities on Tuesday, extending a shutdown
that has led to lost Canadian output of one million barrels a
day.
Read more
BP exploration boss leaves in reorganisation
LONDON, May 17 (Reuters) - BP's head of exploration
Richard Herbert is leaving the British oil major after slightly
more than two years in the job, a period in which the company
slashed spending on the search for new deposits.
Read more
Richard Herbert is leaving the British oil major after slightly
more than two years in the job, a period in which the company
slashed spending on the search for new deposits.
Read more
Nigerian court blocks general strike over petrol price rise
ABUJA, May 17 (Reuters) - Nigerian labour unions
representing millions of workers have been blocked from staging
a general strike in protest at government plans to increase
petrol prices by up to 67 percent.
Read more
representing millions of workers have been blocked from staging
a general strike in protest at government plans to increase
petrol prices by up to 67 percent.
Read more
COLUMN-Mexico's gasoline demand is growing strongly: Kemp
LONDON, May 17 (Reuters) - Mexico's oil consumption has
started growing again in 2016 after declining for three years
between 2013 and 2015.
Read more
started growing again in 2016 after declining for three years
between 2013 and 2015.
Read more
SPECIAL REPORT-As oil boom goes bust, Oklahoma protects drillers and squeezes schools
NEWCASTLE, Okla., May 17 (Reuters) - After intense lobbying,
Oklahoma's oilmen scored a victory two years ago. State
lawmakers voted to keep in place some of lowest taxes on oil and
gas production in the United States - a break worth $470 million
in fiscal year 2015 alone.
Read more
Oklahoma's oilmen scored a victory two years ago. State
lawmakers voted to keep in place some of lowest taxes on oil and
gas production in the United States - a break worth $470 million
in fiscal year 2015 alone.
Read more
Strike curbs output at Total's French refineries - CGT union
PARIS, May 17 (Reuters) - A nationwide strike against a
French government labour law reform has cut output at Total's
refineries in France, a CGT Union official said on
Tuesday.
Read more
French government labour law reform has cut output at Total's
refineries in France, a CGT Union official said on
Tuesday.
Read more
France says major powers want Syria peace talks to start again in June
VIENNA, May 17 (Reuters) - France's foreign minister said on
Tuesday that major world powers had agreed if possible to push
for a resumption of Syrian peace talks in Geneva by the start of
June.
Read more
Tuesday that major world powers had agreed if possible to push
for a resumption of Syrian peace talks in Geneva by the start of
June.
Read more
U.S., Russia set to probe Syria ceasefire violations-Germany
VIENNA, May 17 (Reuters) - The United States and Russia will
help explore who is responsible for ceasefire violations in
Syria, German Foreign Minister Frank-Walter Steinmeier said
after big power talks in Vienna on Tuesday aiming to revive a
February "cessation of hostilities" agreement.
Read more
help explore who is responsible for ceasefire violations in
Syria, German Foreign Minister Frank-Walter Steinmeier said
after big power talks in Vienna on Tuesday aiming to revive a
February "cessation of hostilities" agreement.
Read more
UPDATE 1-Libyan factions agree in principle on unified oil structure -foreign minister
VIENNA, May 17 (Reuters) - Rival factions have agreed in
principle to have one oil organisation for strife-torn Libya,
the foreign minister in the new U.N.-backed, national unity
government said on Tuesday.
Read more
principle to have one oil organisation for strife-torn Libya,
the foreign minister in the new U.N.-backed, national unity
government said on Tuesday.
Read more
Saudi Arabia aims to salvage white elephant financial district
RIYADH, May 17 (Reuters) - The plan to build a financial
district from scratch was viewed by Saudi Arabia's neighbours as
among the glossiest excesses of the kingdom's oil boom
profligacy: a white elephant in the making, unlikely to attract
tenants and possibly never even to be completed.
Read more
district from scratch was viewed by Saudi Arabia's neighbours as
among the glossiest excesses of the kingdom's oil boom
profligacy: a white elephant in the making, unlikely to attract
tenants and possibly never even to be completed.
Read more
Russian FinMin on dividends: state firms may raise debt to finance projects
MOSCOW, May 17 (Reuters) - Russian Finance Minister Anton
Siluanov said on Tuesday that state firms may use borrowing to
finance their investment programmes and to be able to pay the
state 50 percent in dividends from their profits under
international standards.
Read more
Siluanov said on Tuesday that state firms may use borrowing to
finance their investment programmes and to be able to pay the
state 50 percent in dividends from their profits under
international standards.
Read more
Miners help European shares to hit 2-week high
LONDON, May 17 (Reuters) - European shares hit a two-week
high on Tuesday, with companies such as Taylor Wimpey and
Vodafone gaining after their encouraging updates and
miners tracking a rally in major industrial metals.
Read more
high on Tuesday, with companies such as Taylor Wimpey and
Vodafone gaining after their encouraging updates and
miners tracking a rally in major industrial metals.
Read more
UPDATE 1-DCC confident on outlook after full-year profit rise
May 17(Reuters) - Support services group DCC said it
expected to see another profit growth in the current financial
year after it posted a 35.5 percent rise in full-year operating
profit.
Read more
expected to see another profit growth in the current financial
year after it posted a 35.5 percent rise in full-year operating
profit.
Read more
DCC confident on outlook after full-year profit rise
May 17(Reuters) - Support services group DCC said it
expected to see another profit growth in the current financial
year after it posted a 35.5 percent rise in full-year operating
profit.
Read more
expected to see another profit growth in the current financial
year after it posted a 35.5 percent rise in full-year operating
profit.
Read more
UPDATE 3-Oil extends gains, U.S. crude at seven-month high on supply concerns
* EIA expects U.S. shale output to drop in June for 8th
month
(Adds comment, updates prices)
Read more
month
(Adds comment, updates prices)
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Monday, May 16, 2016
Oil rally suggests supply worries wane, but for how long?
May 17 (Reuters) - A rally in U.S. crude oil prices recently
has put the market on its firmest footing since the rout started
in 2014, with the spread between prices for near-term delivery
and future delivery narrowing, suggesting the worst of the
supply glut may be over.
Read more
has put the market on its firmest footing since the rout started
in 2014, with the spread between prices for near-term delivery
and future delivery narrowing, suggesting the worst of the
supply glut may be over.
Read more
Japan's upstream oil and gas investment to tumble in 2016/17
TOKYO, May 17 (Reuters) - Investment by big Japanese firms
in upstream oil and gas developments is set to fall by around 40
percent to about 1.2 trillion yen ($11 billion) in 2016/17 due
to current low prices, a government Energy White Paper showed on
Tuesday.
Read more
in upstream oil and gas developments is set to fall by around 40
percent to about 1.2 trillion yen ($11 billion) in 2016/17 due
to current low prices, a government Energy White Paper showed on
Tuesday.
Read more
RPT-COLUMN-India's mobility revolution is driving global oil demand: Kemp
LONDON, May 16 (Reuters) - "India is taking over from China
as the main growth market for oil," the International Energy
Agency observed in its latest petroleum market update ("Oil
Market Report", IEA, May 2016).
Read more
as the main growth market for oil," the International Energy
Agency observed in its latest petroleum market update ("Oil
Market Report", IEA, May 2016).
Read more
RPT-COLUMN-Hedge funds turn cautious on crude just as Goldman gets less bearish: Kemp
LONDON, May 16 (Reuters) - "The oil market has gone from
nearing storage saturation to being in deficit much earlier than
we expected," Goldman Sachs analysts said in a research note
published on Sunday.
Read more
nearing storage saturation to being in deficit much earlier than
we expected," Goldman Sachs analysts said in a research note
published on Sunday.
Read more
UPDATE 1-Unaoil denies media link to corruption, says it is a victim of extortion
SYDNEY, May 16 (Reuters) - Monaco-based oil services company
Unaoil denied on Monday a media report linking it to corrupt
practices involving big oil companies said it has been the
victim of an extortion attempt by unidentified criminals.
Read more
Unaoil denied on Monday a media report linking it to corrupt
practices involving big oil companies said it has been the
victim of an extortion attempt by unidentified criminals.
Read more
REUTERS SUMMIT-OCC warns U.S. banks exposed to 'froth' in apartment market
WASHINGTON, May 16 (Reuters) - Credit risk is growing in
U.S. commercial real estate with some banks exposed to "froth"
in the apartment market in New York, Boston, Washington D.C. and
San Francisco, a top U.S. banking regulator said on Monday.
Read more
U.S. commercial real estate with some banks exposed to "froth"
in the apartment market in New York, Boston, Washington D.C. and
San Francisco, a top U.S. banking regulator said on Monday.
Read more
New Brazil minister says will not commit to restart Samarco mine
RIO DE JANEIRO, May 16 (Reuters) - Brazil's Environment
Minister, José Sarney Filho said on Monday he will not allow
Samarco Mineração SA to reopen its iron ore mine
without assurances that the causes and damages of a deadly
tailings dam collapse were fixed.
Read more
Minister, José Sarney Filho said on Monday he will not allow
Samarco Mineração SA to reopen its iron ore mine
without assurances that the causes and damages of a deadly
tailings dam collapse were fixed.
Read more
Texas attorney general backs Exxon in climate change fight
HOUSTON, May 16 (Reuters) - Texas Attorney General Ken
Paxton asked a state judge on Monday to block U.S. Virgin
Islands officials from subpoenaing 40 years of internal climate
change documents from Exxon Mobil Corp, saying the probe
is "a fishing expedition of the worst kind."
Read more
Paxton asked a state judge on Monday to block U.S. Virgin
Islands officials from subpoenaing 40 years of internal climate
change documents from Exxon Mobil Corp, saying the probe
is "a fishing expedition of the worst kind."
Read more
Oil sands junior producer Connacher files for creditor protection
CALGARY, Alberta, May 16 (Reuters) - Junior oil sands
producer Connacher Oil and Gas Ltd filed for protection
from creditors at an Alberta court on Monday, making it the
latest Canadian victim of the two-year slump in global crude
prices.
Read more
producer Connacher Oil and Gas Ltd filed for protection
from creditors at an Alberta court on Monday, making it the
latest Canadian victim of the two-year slump in global crude
prices.
Read more
UPDATE 1-Colombia not enforcing U.S. trade deal labor standards -unions
WASHINGTON, May 16 (Reuters) - Colombia has failed to
enforce worker protections in a free trade agreement with the
United States, U.S. and Colombian labor unions said on Monday,
raising questions about similar provisions in the massive
Trans-Pacific Partnership trade deal.
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enforce worker protections in a free trade agreement with the
United States, U.S. and Colombian labor unions said on Monday,
raising questions about similar provisions in the massive
Trans-Pacific Partnership trade deal.
Read more
UPDATE 1-Lyondell's Houston coker restart expected by mid-June -sources
HOUSTON, May 16 (Reuters) - A coking unit at LyondellBasell
Industries' Houston refinery is expected to restart
between late May and mid-June for the first time since being
damaged in an April 8 fire, Gulf Coast market sources said on
Monday.
Read more
Industries' Houston refinery is expected to restart
between late May and mid-June for the first time since being
damaged in an April 8 fire, Gulf Coast market sources said on
Monday.
Read more
UPDATE 1-Alberta wildfire near Enbridge crude oil tank farm -officials
CALGARY, Alberta, May 16 (Reuters) - A massive wildfire
burning around the oil sands hub of Fort McMurray, Alberta is
about 1 km (1,094 yards) away from Enbridge Inc's
Cheecham crude oil tank farm, but is under control for now,
emergency officials said on Monday.
Read more
burning around the oil sands hub of Fort McMurray, Alberta is
about 1 km (1,094 yards) away from Enbridge Inc's
Cheecham crude oil tank farm, but is under control for now,
emergency officials said on Monday.
Read more
UPDATE 2-Arms embargo exemptions being considered for new Libyan government
* Chaos has benefited Islamic State, people smugglers
(Adds detail on oil exports, unity government statement)
Read more
(Adds detail on oil exports, unity government statement)
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UPDATE 2-Nigerian oil output down 40 pct on Delta pipeline attacks
ABUJA, May 16 (Reuters) - Nigeria's oil production has
fallen by almost 40 percent to 1.4 million barrels a day due to
militant attacks on facilities in the Delta region, its oil
minister said on Monday.
Read more
fallen by almost 40 percent to 1.4 million barrels a day due to
militant attacks on facilities in the Delta region, its oil
minister said on Monday.
Read more
Brazil's interim leader rejects minister's threat to prosecutors
SAO PAULO May 16 (Reuters) - Brazil's interim president,
Michel Temer, on Monday said he would continue a tradition of
nominating a prosecutor general who is recommended by a group of
the candidate's peers, calming fears the position's autonomy
would be compromised.
Read more
Michel Temer, on Monday said he would continue a tradition of
nominating a prosecutor general who is recommended by a group of
the candidate's peers, calming fears the position's autonomy
would be compromised.
Read more
Britain's FTSE finishes higher on stronger miners
LONDON, May 16 (Reuters) - Britain's top share index ended
higher on Monday, with a rally in basic resources stocks on the
back of stronger metals prices supporting the broader equities
market.
Read more
higher on Monday, with a rally in basic resources stocks on the
back of stronger metals prices supporting the broader equities
market.
Read more
UPDATE 1-Libya to resume oil shipments from Hariga after talks -sources
NEW YORK/LONDON, May 16 (Reuters) - Libya will resume oil
shipments from the port of Marsa El Hariga after an agreement
was reached at talks in Vienna between rival oil officials
representing the east and west of the country, Libyan oil
sources told Reuters.
Read more
shipments from the port of Marsa El Hariga after an agreement
was reached at talks in Vienna between rival oil officials
representing the east and west of the country, Libyan oil
sources told Reuters.
Read more
UPDATE 7-Oil hits 6-month highs on supply outages, Goldman forecast
* Cushing stockpile build pares gains
(Adds latest market moves, details on supply-demand balance and
U.S. production)
Read more
(Adds latest market moves, details on supply-demand balance and
U.S. production)
Read more
Libya to resume oil shipments from Hariga after talks -sources
NEW YORK/LONDON, May 16 (Reuters) - Libya will resume oil
shipments from the port of Hariga after an agreement was reached
at talks in Vienna between rival oil officials representing the
east and west of the country, Libyan oil sources told Reuters.
Read more
shipments from the port of Hariga after an agreement was reached
at talks in Vienna between rival oil officials representing the
east and west of the country, Libyan oil sources told Reuters.
Read more
UPDATE 1-U.S. top court rejects Exxon appeal in groundwater contamination case
WASHINGTON, May 16 (Reuters) - The U.S. Supreme Court on
Monday rejected Exxon Mobil Corp's appeal of a $236
million judgment against the oil company in a case brought by
the state of New Hampshire over groundwater contamination linked
to a gasoline additive.
Read more
Monday rejected Exxon Mobil Corp's appeal of a $236
million judgment against the oil company in a case brought by
the state of New Hampshire over groundwater contamination linked
to a gasoline additive.
Read more
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