* Attacks on minor parties could backfire on Turnbull
(Adds new Turnbull quotes, paragraphs 5-6 )
Read more
Thursday, June 30, 2016
Premier Oil defers test of financial covenants
July 1 (Reuters) - Premier Oil Plc, which is in
talks with its lending group on the terms of its existing
financial facilities, said on Friday that the lending group had
agreed to defer the test of its financial covenants.
Read more
talks with its lending group on the terms of its existing
financial facilities, said on Friday that the lending group had
agreed to defer the test of its financial covenants.
Read more
U.S. shale oil's Achilles heel shows signs of mending
HOUSTON, July 1 (Reuters) - Since the beginning of the U.S.
fracking revolution, oil producers have struggled with a vexing
problem: after an initial burst, crude output from new shale
wells falls much faster than from conventional wells.
Read more
fracking revolution, oil producers have struggled with a vexing
problem: after an initial burst, crude output from new shale
wells falls much faster than from conventional wells.
Read more
GLOBAL LNG-Stronger North Asian demand, Brexit lift Asian spot LNG prices
SINGAPORE, July 1 (Reuters) - Asian prices for liquefied
natural gas (LNG) rose to their highest since February this
week, pushed up by a rise in Asian imports and higher prices in
Britain.
Read more
natural gas (LNG) rose to their highest since February this
week, pushed up by a rise in Asian imports and higher prices in
Britain.
Read more
U.S. Energy Secretary sees balanced oil market in 2017
BEIJING, July 1 (Reuters) - The U.S. energy secretary said
he expects the oil market to be in balance in 2017, after he met
with the Saudi Arabia energy minister on Friday in Beijing.
Read more
he expects the oil market to be in balance in 2017, after he met
with the Saudi Arabia energy minister on Friday in Beijing.
Read more
BHP says will fight $6 bln claim over Samarco disaster
SYDNEY, July 1 (Reuters) - BHP Billiton on
Friday said it would appeal against the decision by a Brazilian
court to reinstate a $6 billion public civil claim over last
year's Samarco iron ore mine disaster.
Read more
Friday said it would appeal against the decision by a Brazilian
court to reinstate a $6 billion public civil claim over last
year's Samarco iron ore mine disaster.
Read more
UPDATE 2-Petroperu fined, president ousted over oil spills in Amazon
LIMA, June 30 (Reuters) - The Peruvian government dismissed
the head of Petroperu, German Velasquez, and fined the
state-owned energy company about $3.5 million after the third
oil spill in the Amazon this year from its four-decades-old
pipeline.
Read more
the head of Petroperu, German Velasquez, and fined the
state-owned energy company about $3.5 million after the third
oil spill in the Amazon this year from its four-decades-old
pipeline.
Read more
Oil prices rise on tight market outlook, expected fiscal stimulus
SINGAPORE, July 1 (Reuters) - Oil prices rose early on
Friday, with Brent jumping back above $50 per barrel, as
investors positioned themselves for more price increases this
year in expectation of a tighter market.
Read more
Friday, with Brent jumping back above $50 per barrel, as
investors positioned themselves for more price increases this
year in expectation of a tighter market.
Read more
UPDATE 2-Six Williams Cos directors resign after failing to oust CEO -source
June 30 (Reuters) - Six of Williams Cos Inc's
directors, including the pipeline company's chairman, resigned
on Thursday after a failed attempt to oust Chief Executive Alan
Armstrong, a source familiar with the matter told Reuters.
Read more
directors, including the pipeline company's chairman, resigned
on Thursday after a failed attempt to oust Chief Executive Alan
Armstrong, a source familiar with the matter told Reuters.
Read more
UPDATE 1-Petroperu head ousted over oil spills in Amazon- minister
LIMA, June 30 (Reuters) - The head of Petroperu,
German Velasquez, was dismissed following the third oil spill in
the Amazon this year from the state-owned energy company's
four-decades-old pipeline, the government said on Thursday.
Read more
German Velasquez, was dismissed following the third oil spill in
the Amazon this year from the state-owned energy company's
four-decades-old pipeline, the government said on Thursday.
Read more
Argentina, Peru seek closer energy ties with Chile
FRUTILLAR, Chile, June 30 (Reuters) - Argentine President
Mauricio Macri and Peruvian President-elect Pedro Pablo
Kuczynski urged their South American counterparts at the Pacific
Alliance trade bloc summit on Thursday to deepen energy ties
across the region.
Read more
Mauricio Macri and Peruvian President-elect Pedro Pablo
Kuczynski urged their South American counterparts at the Pacific
Alliance trade bloc summit on Thursday to deepen energy ties
across the region.
Read more
Nigeria's Buhari urges Delta leaders to calm region after attacks
ABUJA, June 30 (Reuters) - Nigerian President Muhammadu
Buhari on Thursday urged community leaders from the Niger Delta
to pacify people in the restive southern region, which has been
hit by a series of attacks on oil and gas facilities in the last
few months.
Read more
Buhari on Thursday urged community leaders from the Niger Delta
to pacify people in the restive southern region, which has been
hit by a series of attacks on oil and gas facilities in the last
few months.
Read more
UPDATE 1-U.S. hardens royalty rules on fossil fuel production
WASHINGTON, June 30 (Reuters) - The Obama administration on
Thursday completed new rules for how energy companies value oil,
gas and coal extracted from federal land in a reform meant to
protect taxpayers' stake in those sales.
Read more
Thursday completed new rules for how energy companies value oil,
gas and coal extracted from federal land in a reform meant to
protect taxpayers' stake in those sales.
Read more
UPDATE 1-Canada court overturns federal approval of Enbridge oil pipeline
VANCOUVER, June 30 (Reuters) - Canada's Federal Court of
Appeal has overturned the approval of Enbridge Inc's
Northern Gateway pipeline, which would carry oil from the
Alberta oil sands to a port in northern British Columbia for
export.
Read more
Appeal has overturned the approval of Enbridge Inc's
Northern Gateway pipeline, which would carry oil from the
Alberta oil sands to a port in northern British Columbia for
export.
Read more
UPDATE 1-Canadian chemical maker Superior Plus scraps deal to buy Canexus
June 30 (Reuters) - Canadian chemical maker Superior Plus
Corp said it scrapped the acquisition of rival Canexus
Corp as they could not agree on terms, two days after
the C$324 million ($251 million) deal was approved by Canada's
antitrust regulator.
Read more
Corp said it scrapped the acquisition of rival Canexus
Corp as they could not agree on terms, two days after
the C$324 million ($251 million) deal was approved by Canada's
antitrust regulator.
Read more
UPDATE 1-Volkswagen believes it can fix 85,000 polluting U.S. vehicles
SAN FRANCISCO/WASHINGTON, June 30 (Reuters) - A lawyer for
Volkswagen AG said at a court hearing Thursday the
German automaker believed it could fix 85,000 polluting
3.0-liter VW, Audi and Porsche diesel cars and SUVs, a move that
could help the company avoid a second pricey buyback.
Read more
Volkswagen AG said at a court hearing Thursday the
German automaker believed it could fix 85,000 polluting
3.0-liter VW, Audi and Porsche diesel cars and SUVs, a move that
could help the company avoid a second pricey buyback.
Read more
Siemens ordered to compensate sick workers in Denmark
COPENHAGEN, June 30 (Reuters) - Siemens has been
ordered to pay compensation of almost 1 million Danish crowns
($150,000) to three people who fell ill after working at a wind
turbine factory, a court in the city of Aalborg in Denmark said
on Thursday.
Read more
ordered to pay compensation of almost 1 million Danish crowns
($150,000) to three people who fell ill after working at a wind
turbine factory, a court in the city of Aalborg in Denmark said
on Thursday.
Read more
Volkswagen believes it can fix 85,000 polluting U.S. vehicles
June 30 (Reuters) - A lawyer for Volkswagen AG
said at a court hearing Thursday that the German automaker
believes it can fix 85,000 3.0 liter polluting VW, Audi and
Porsche cars and SUVs.
Read more
said at a court hearing Thursday that the German automaker
believes it can fix 85,000 3.0 liter polluting VW, Audi and
Porsche cars and SUVs.
Read more
REFILE-OPEC oil output hits record high in June on Nigerian rebound
LONDON, June 30 (Reuters) - OPEC's oil output has risen in
June to its highest in recent history, a Reuters survey found on
Thursday, as Nigeria's oil industry partially recovers from
militant attacks and Iran and Gulf members boost supplies.
Read more
June to its highest in recent history, a Reuters survey found on
Thursday, as Nigeria's oil industry partially recovers from
militant attacks and Iran and Gulf members boost supplies.
Read more
UPDATE 5-Oil falls 2 pct on fading supply disruptions, profit taking
* U.S. crude inventories fall 4.1 million barrels
(New throughout, adds quotes, updates prices, changes dateline;
previous LONDON)
Read more
(New throughout, adds quotes, updates prices, changes dateline;
previous LONDON)
Read more
UPDATE 1-Brazil police raid offices of major builders in railway probe
BRASILIA, June 30 (Reuters) - Brazil's federal police on
Thursday raided the offices of at least 12 builders to seek
evidence of a cartel handling railway projects, antitrust
watchdog Cade said.
Read more
Thursday raided the offices of at least 12 builders to seek
evidence of a cartel handling railway projects, antitrust
watchdog Cade said.
Read more
CORRECTED-UPDATE 4-Oil falls below $50 on higher supply outlook, economic worries
LONDON, June 30 (Reuters) - Oil fell below $50 a barrel on
Thursday, pressured by higher Nigerian output and concern about
the economic outlook following Britain's vote to leave the
European Union last week.
Read more
Thursday, pressured by higher Nigerian output and concern about
the economic outlook following Britain's vote to leave the
European Union last week.
Read more
Canadian chemicals maker Superior Plus scraps deal with Canexus
June 30 (Reuters) - Superior Plus Corp said it had
terminated a C$324 million ($251 million) deal to buy fellow
Canadian chemical company Canexus Corp after failing to
agree on terms.
Read more
terminated a C$324 million ($251 million) deal to buy fellow
Canadian chemical company Canexus Corp after failing to
agree on terms.
Read more
RPT-COLUMN-Saudi Arabia appears to end oil market share war, starts balancing: Russell
LAUNCESTON, Australia, June 30 (Reuters) - Has Saudi Arabia
already switched tack and started to surreptitiously balance
supply and demand in the crude oil market?
Read more
already switched tack and started to surreptitiously balance
supply and demand in the crude oil market?
Read more
InterOil gets unsolicited takeover offer from unnamed bidder
June 30 (Reuters) - InterOil Corp, which agreed last
month to be acquired by Australia's Oil Search Ltd,
said it had received an unsolicited offer from an unnamed
bidder.
Read more
month to be acquired by Australia's Oil Search Ltd,
said it had received an unsolicited offer from an unnamed
bidder.
Read more
Brazil police raids offices of major builders in railway probe
BRASILIA, June 30 (Reuters) - Brazil's federal police on
Thursday raided the offices of at least 12 builders to seek
evidence of an alleged cartel in railway projects, Brazilian
antitrust watchdog Cade said.
Read more
Thursday raided the offices of at least 12 builders to seek
evidence of an alleged cartel in railway projects, Brazilian
antitrust watchdog Cade said.
Read more
Sinopec subsidiaries inflated 2014 revenue by $3.04 bln - govt auditor
BEIJING, June 30 (Reuters) - Subsidiaries of China's
second-largest energy company Sinopec inflated their 2014
revenue by 20.2 billion yuan ($3.04 billion), according to a
report published by China's auditing department.
Read more
second-largest energy company Sinopec inflated their 2014
revenue by 20.2 billion yuan ($3.04 billion), according to a
report published by China's auditing department.
Read more
New ways to lower investment risk seek to propel climate action
LONDON, June 30 (Thomson Reuters Foundation) - As
small-scale farmers around the world seek to cope with climate
change by adopting drought-resistant crops or methods to capture
and store water, finding the money can be a problem, and
interest rates on loans are often high.
Read more
small-scale farmers around the world seek to cope with climate
change by adopting drought-resistant crops or methods to capture
and store water, finding the money can be a problem, and
interest rates on loans are often high.
Read more
UPDATE 1-Norway oil wage talks begin as workers threaten strike
OSLO, June 30 (Reuters) - Energy companies and trade unions
in Norway began two-day wage talks on Thursday in a bid to avert
a strike that would cut output from Europe's largest oil
producer by 12 percent, the Norwegian Oil and Gas Association
(NOG) said.
Read more
in Norway began two-day wage talks on Thursday in a bid to avert
a strike that would cut output from Europe's largest oil
producer by 12 percent, the Norwegian Oil and Gas Association
(NOG) said.
Read more
UPDATE 1-Japan says Chinese military activity in East China Sea escalating
TOKYO, June 30 (Reuters) - Chinese military activity is
escalating in the East China Sea, Japan's top military commander
said on Thursday, with Japanese emergency scrambles to counter
Chinese jets almost doubling in the past three months.
Read more
escalating in the East China Sea, Japan's top military commander
said on Thursday, with Japanese emergency scrambles to counter
Chinese jets almost doubling in the past three months.
Read more
Japan says Chinese military activity in East China Sea escalating
TOKYO, June 30 (Reuters) - Japan's top military commander
said on Thursday that Chinese military activity was escalating
in the East China Sea, with a spike in emergency jet scrambles
in the past three months.
Read more
said on Thursday that Chinese military activity was escalating
in the East China Sea, with a spike in emergency jet scrambles
in the past three months.
Read more
UPDATE 1-Oil falls on improving supply outlook, economic worries
* Overall tighter markets lifted oil by over a third in H1
(Adds H1 pricing, comment; updates prices)
Read more
(Adds H1 pricing, comment; updates prices)
Read more
Wednesday, June 29, 2016
Brazil's Petrobras creates new senior strategy, management position
RIO DE JANEIRO, June 30 (Reuters) - Brazil's Petrobras said
late Wednesday that its board of directors had created a new
senior management post responsible for strategy, organization
and system management to bolster long-term planning efforts and
control debt and investment.
Read more
late Wednesday that its board of directors had created a new
senior management post responsible for strategy, organization
and system management to bolster long-term planning efforts and
control debt and investment.
Read more
COLUMN-Saudi Arabia appears to end oil market share war, starts balancing: Russell
LAUNCESTON, Australia, June 30 (Reuters) - Has Saudi Arabia
already switched tack and started to surreptitiously balance
supply and demand in the crude oil market?
Read more
already switched tack and started to surreptitiously balance
supply and demand in the crude oil market?
Read more
Oil prices fall as supply outlook improves
SINGAPORE, June 30 (Reuters) - Oil prices fell in early
trade on Thursday, with Brent futures struggling to defend $50
per barrel as fears over strike outages in Norway faded and as
Nigeria's production improved.
Read more
trade on Thursday, with Brent futures struggling to defend $50
per barrel as fears over strike outages in Norway faded and as
Nigeria's production improved.
Read more
UPDATE 2-South Africa's Strategic Fuel Fund bids for Chevron refinery
JOHANNESBURG, June 29 (Reuters) - South Africa's state-owned
Strategic Fuel Fund (SFF) said on Wednesday it had offered to
buy Chevron's majority stake in the country's oil
refinery in Cape Town and other downstream assets as well as
those in neighbouring countries.
Read more
Strategic Fuel Fund (SFF) said on Wednesday it had offered to
buy Chevron's majority stake in the country's oil
refinery in Cape Town and other downstream assets as well as
those in neighbouring countries.
Read more
US Virgin Islands to withdraw subpoena in climate probe into Exxon
HOUSTON, June 29 (Reuters) - The U.S. Virgin Islands'
attorney general on Wednesday agreed to withdraw a sweeping
subpoena issued against Exxon Mobil Corp as part of a
push by a coalition of state prosecutors to try to investigate
whether the world's largest publicly traded oil company misled
the public about climate change risks.
Read more
attorney general on Wednesday agreed to withdraw a sweeping
subpoena issued against Exxon Mobil Corp as part of a
push by a coalition of state prosecutors to try to investigate
whether the world's largest publicly traded oil company misled
the public about climate change risks.
Read more
UPDATE 1-Mexico president explains comparing Trump to Hitler, Mussolini
OTTAWA, June 29 (Reuters) - Mexican President Enrique Pena
Nieto, who has previously likened U.S. Republican presidential
candidate Donald Trump to Adolf Hitler and Benito Mussolini,
said on Wednesday he only drew the comparison as a reminder of
the devastation wreaked in the past.
Read more
Nieto, who has previously likened U.S. Republican presidential
candidate Donald Trump to Adolf Hitler and Benito Mussolini,
said on Wednesday he only drew the comparison as a reminder of
the devastation wreaked in the past.
Read more
U.S., Canada, Mexico to seek financial stability after UK vote -Obama
OTTAWA, June 29 (Reuters) - The United States, Canada and
Mexico will work to ensure the stability of the global financial
system after Britain's vote to leave the European Union last
week, U.S. President Barack Obama said on Wednesday at a news
conference at a North American summit in Ottawa.
Read more
Mexico will work to ensure the stability of the global financial
system after Britain's vote to leave the European Union last
week, U.S. President Barack Obama said on Wednesday at a news
conference at a North American summit in Ottawa.
Read more
Obama says quitting trade deals no solution to inequality
OTTAWA, June 29 (Reuters) - U.S. President Barack Obama said
on Wednesday that withdrawing from international trade
agreements would not help to reduce economic inequality given
that globalization has progressed so far.
Read more
on Wednesday that withdrawing from international trade
agreements would not help to reduce economic inequality given
that globalization has progressed so far.
Read more
Alberta budget finishes 2015-16 with wider-than-forecast C$6.4 bln gap
TORONTO, June 29 (Reuters) - The Canadian crude-producing
province of Alberta said on Wednesday it finished the 2015-16
fiscal year with a C$6.4 billion ($4.93 billion) deficit, C$324
million wider than forecast in October, as revenue fell.
Read more
province of Alberta said on Wednesday it finished the 2015-16
fiscal year with a C$6.4 billion ($4.93 billion) deficit, C$324
million wider than forecast in October, as revenue fell.
Read more
Obama urges Venezuela to respect democratic process
OTTAWA, June 29 (Reuters) - U.S. President Barack Obama on
Wednesday urged the Venezuelan government to respect the
democratic process and the rule of law, including allowing the
release of political prisoners.
Read more
Wednesday urged the Venezuelan government to respect the
democratic process and the rule of law, including allowing the
release of political prisoners.
Read more
UPDATE 3-Niche RINS prices jump to 2013 highs as supply jitters return
NEW YORK, June 29 (Reuters) - U.S. biofuels credits hit near
three-year highs on Wednesday after Goldman Sachs Group
warned supplies could more than halve by the end of 2017, in
what could mark the return of prolonged wild prices in the niche
market for the first time in years.
Read more
three-year highs on Wednesday after Goldman Sachs Group
warned supplies could more than halve by the end of 2017, in
what could mark the return of prolonged wild prices in the niche
market for the first time in years.
Read more
UPDATE 1-Energy Transfer terminates merger agreement with Williams
June 29 (Reuters) - Energy Transfer Equity walked
away from its more than $20 billion takeover of Williams Cos Inc
on Wednesday after months of lawsuits and heated
arguments between the rival pipeline companies.
Read more
away from its more than $20 billion takeover of Williams Cos Inc
on Wednesday after months of lawsuits and heated
arguments between the rival pipeline companies.
Read more
UPDATE 1-N. America leaders meet with trade threats, Brexit on their minds
OTTAWA, June 29 (Reuters) - U.S. President Barack Obama
arrived in Ottawa on Wednesday to meet with his North American
counterparts and all three leaders are set to push back against
anti-free-trade sentiment that has shifted political debate in
the United States and Europe.
Read more
arrived in Ottawa on Wednesday to meet with his North American
counterparts and all three leaders are set to push back against
anti-free-trade sentiment that has shifted political debate in
the United States and Europe.
Read more
MIDEAST STOCKS-Gulf pushes higher but volumes subdued
DUBAI, June 29 (Reuters) - Most stock markets in the Gulf
nudged up on Wednesday, supported by recoveries in oil and
global equity prices after the shock of Britain's vote to leave
the European Union last week, but turnover was small before
summer and Eid al Fitr holidays.
Read more
nudged up on Wednesday, supported by recoveries in oil and
global equity prices after the shock of Britain's vote to leave
the European Union last week, but turnover was small before
summer and Eid al Fitr holidays.
Read more
U.S. lawmakers seek more money, authority for derivatives regulator
WASHINGTON, June 29 (Reuters) - The Commodity Futures
Trading Commission would have stronger policing powers over the
derivatives market, along with a boosted budget, under
legislation introduced in the U.S. Congress on Wednesday.
Read more
Trading Commission would have stronger policing powers over the
derivatives market, along with a boosted budget, under
legislation introduced in the U.S. Congress on Wednesday.
Read more
India's Essar settles $500 mln of Iran oil bill - sources
NEW DELHI, June 29 (Reuters) - Essar Oil, the top
Indian buyer of Iranian oil, has this month cleared $500 million
of a debt owed to Tehran, two sources with direct knowledge of
the matter said.
Read more
Indian buyer of Iranian oil, has this month cleared $500 million
of a debt owed to Tehran, two sources with direct knowledge of
the matter said.
Read more
REPEAT-N. America leaders meet with trade threats, Brexit on their minds
OTTAWA, June 29 (Reuters) - The leaders of the United
States, Canada and Mexico gather on Wednesday to stress the
importance of trade at a time of mounting international doubts
about the benefits of globalization.
Read more
States, Canada and Mexico gather on Wednesday to stress the
importance of trade at a time of mounting international doubts
about the benefits of globalization.
Read more
European shares lifted by higher oil price and stimulus potential
LONDON, June 29 (Reuters) - European shares rose on
Wednesday, with higher oil prices and the chance of more
monetary stimulus helping markets that were sent reeling by
Britain's vote to exit the European Union.
Read more
Wednesday, with higher oil prices and the chance of more
monetary stimulus helping markets that were sent reeling by
Britain's vote to exit the European Union.
Read more
RPT-Libya wealth fund boss screamed, cursed at Goldman bankers -witness
LONDON, June 28 (Reuters) - The Libyan wealth fund's former
deputy chief screamed and cursed at Goldman Sachs bankers in a
stormy meeting over derivatives trades made on the bank's advice
that ultimately turned out to be worthless, a witness told a
court on Tuesday.
Read more
deputy chief screamed and cursed at Goldman Sachs bankers in a
stormy meeting over derivatives trades made on the bank's advice
that ultimately turned out to be worthless, a witness told a
court on Tuesday.
Read more
Russian budget deficit 4.3 pct of GDP in H1 - finance minister
MOSCOW, June 29 (Reuters) - Russia's federal budget deficit
amounted to 4.3 percent of GDP in the first half of 2016,
Finance Minister Anton Siluanov said on Wednesday.
Read more
amounted to 4.3 percent of GDP in the first half of 2016,
Finance Minister Anton Siluanov said on Wednesday.
Read more
UPDATE 1-Embattled Chemring says its finance director to step down
June 29 (Reuters) - British defence contractor Chemring
Group Plc, which has been struggling with defence
budget cuts in its key markets, said Finance Director Steve
Bowers would leave the company.
Read more
Group Plc, which has been struggling with defence
budget cuts in its key markets, said Finance Director Steve
Bowers would leave the company.
Read more
Tuesday, June 28, 2016
N. America leaders meet with trade threats, Brexit on their minds
OTTAWA, June 29 (Reuters) - The leaders of the United
States, Canada and Mexico gather on Wednesday to stress the
importance of trade at a time of mounting international doubts
about the benefits of globalization.
Read more
States, Canada and Mexico gather on Wednesday to stress the
importance of trade at a time of mounting international doubts
about the benefits of globalization.
Read more
UPDATE 2-Japan's Idemitsu denies report to dilute founding family stake
* Idemitsu shares slump after founding family intervention
(Recasts with Idemitsu's denial, adds detail)
Read more
(Recasts with Idemitsu's denial, adds detail)
Read more
Idemitsu: Not considering issuing new shares in third-party allotment
TOKYO, June 29 (Reuters) - Idemitsu Kosan Co said
on Wednesday it was not considering issuing new shares in a
third-party allotment, denying a Kyodo News report that said the
move was aimed at diluting the founding family's ownership.
Read more
on Wednesday it was not considering issuing new shares in a
third-party allotment, denying a Kyodo News report that said the
move was aimed at diluting the founding family's ownership.
Read more
Saudi, Japanese officials to discuss investment into Aramco IPO -Falih
BEIJING, June 29 (Reuters) - Saudi and Japanese officials
will hold meetings on Wednesday to discuss Japanese investment
into the planned initial public offering (IPO) of a small part
of Riyadh-controlled Saudi Aramco, said Khalid Al-Falih, the
kingdom's energy minister.
Read more
will hold meetings on Wednesday to discuss Japanese investment
into the planned initial public offering (IPO) of a small part
of Riyadh-controlled Saudi Aramco, said Khalid Al-Falih, the
kingdom's energy minister.
Read more
CORRECTED-RPT-COLUMN-China's robust crude oil imports mask changing fuel dynamics: Russell
LAUNCESTON, Australia, June 28 (Reuters) - China is a bigger
concern for crude oil and products markets than the current
worries about the British vote to leave the European Union.
Read more
concern for crude oil and products markets than the current
worries about the British vote to leave the European Union.
Read more
UPDATE 1-Tesla investor group wants more independent board, cites Musk ties
SAN FRANCISCO, June 28 (Reuters) - An investor group called
on Tesla Motors Corp on Tuesday to add two independent
directors to its board and separate the roles of chairman and
chief executive as it highlighted founder and CEO Elon Musk's
dominance of the board in the wake of Tesla's proposed bid for
SolarCity.
Read more
on Tesla Motors Corp on Tuesday to add two independent
directors to its board and separate the roles of chairman and
chief executive as it highlighted founder and CEO Elon Musk's
dominance of the board in the wake of Tesla's proposed bid for
SolarCity.
Read more
CORRECTED-COLUMN-China's robust crude oil imports mask changing fuel dynamics: Russell
LAUNCESTON, Australia, June 28 (Reuters) - China is a bigger
concern for crude oil and products markets than the current
worries about the British vote to leave the European Union.
Read more
concern for crude oil and products markets than the current
worries about the British vote to leave the European Union.
Read more
RPT-COLUMN-Climate policies will not strand oil and gas reserves: Kemp
LONDON, June 28 (Reuters) - Fossil fuel-producing companies
have been thrown onto the defensive over the last two years by
the argument that many of their reserves will be "stranded" as
the world transitions to cleaner forms of energy.
Read more
have been thrown onto the defensive over the last two years by
the argument that many of their reserves will be "stranded" as
the world transitions to cleaner forms of energy.
Read more
Tesla investor group wants more independent board, cites Musk ties
SAN FRANCISCO, June 28 (Reuters) - An investor group called
on Tesla Motors Corp on Tuesday to add two independent
directors to its board and separate the roles of chairman and
chief executive as it highlighted founder and CEO Elon Musk's
dominance of the board in the wake of Tesla's proposed bid for
SolarCity.
Read more
on Tesla Motors Corp on Tuesday to add two independent
directors to its board and separate the roles of chairman and
chief executive as it highlighted founder and CEO Elon Musk's
dominance of the board in the wake of Tesla's proposed bid for
SolarCity.
Read more
Libya wealth fund boss screamed, cursed at Goldman bankers -witness
LONDON, June 28 (Reuters) - The Libyan wealth fund's former
deputy chief screamed and cursed at Goldman Sachs bankers in a
stormy meeting over derivatives trades made on the bank's advice
that ultimately turned out to be worthless, a witness told a
court on Tuesday.
Read more
deputy chief screamed and cursed at Goldman Sachs bankers in a
stormy meeting over derivatives trades made on the bank's advice
that ultimately turned out to be worthless, a witness told a
court on Tuesday.
Read more
CANADA STOCKS-TSX bounces from Brexit slide, scoring largest gain in 7 weeks
TORONTO, June 28 (Reuters) - Canada's main stock index
scored its largest gain in seven weeks on Tuesday, paring some
of the losses inflicted in the prior two sessions after
Britain's shock vote to leave the European Union as oil rallied
and investors sought out bargains.
Read more
scored its largest gain in seven weeks on Tuesday, paring some
of the losses inflicted in the prior two sessions after
Britain's shock vote to leave the European Union as oil rallied
and investors sought out bargains.
Read more
Norway investigators blame Airbus helicopter crash on gearbox failure
OSLO, June 28 (Reuters) - The fatal crash of an Airbus
helicopter in Norway in April was probably the result
of metal fatigue in the aircraft's gearbox, the country's
Accident Investigation Board (AIBN) said in a preliminary report
on Tuesday, backing earlier findings.
Read more
helicopter in Norway in April was probably the result
of metal fatigue in the aircraft's gearbox, the country's
Accident Investigation Board (AIBN) said in a preliminary report
on Tuesday, backing earlier findings.
Read more
Short sellers ramp up bets against Tesla, SolarCity shares -S3 Partners
NEW YORK, June 28 (Reuters) - Bets against both Tesla Motors
Inc and SolarCity Corp shares have risen after
Elon Musk announced a proposed merger last week, but any further
bets will be small as both stocks have few borrowable shares,
said Ihor Dusaniwsky, head of research at financial analytics
firm S3 Partners on Tuesday.
Read more
Inc and SolarCity Corp shares have risen after
Elon Musk announced a proposed merger last week, but any further
bets will be small as both stocks have few borrowable shares,
said Ihor Dusaniwsky, head of research at financial analytics
firm S3 Partners on Tuesday.
Read more
WRAPUP 3-U.S. first-quarter GDP revised up, Brexit risk to outlook
WASHINGTON, June 28 (Reuters) - U.S. economic growth slowed
in the first quarter but not as sharply as previously estimated,
and while there are signs of a pickup in the second quarter,
analysts worry Britain's vote to leave the European Union could
hurt activity later this year.
Read more
in the first quarter but not as sharply as previously estimated,
and while there are signs of a pickup in the second quarter,
analysts worry Britain's vote to leave the European Union could
hurt activity later this year.
Read more
Investors seek ruling against Petrobras in corruption lawsuit
NEW YORK, June 28 (Reuters) - Investors suing Brazil's
state-run oil firm Petrobras to recoup billions of
dollars in losses argued on Tuesday that the arrests and plea
deals of top company executives prove that it knew of a massive
bribery and political kickback scheme.
Read more
state-run oil firm Petrobras to recoup billions of
dollars in losses argued on Tuesday that the arrests and plea
deals of top company executives prove that it knew of a massive
bribery and political kickback scheme.
Read more
UPDATE 1-Hitachi, Alstom, Stadler win $5 bln contract to build trains for Trenitalia
ROME, June 28 (Reuters) - Hitachi Rail Italy, France's
Alstom and Swiss firm Stadler have won contracts worth a
combined 4.5 billion euros ($5 bln) to build trains for
Trenitalia, the Italian train operator said on Tuesday.
Read more
Alstom and Swiss firm Stadler have won contracts worth a
combined 4.5 billion euros ($5 bln) to build trains for
Trenitalia, the Italian train operator said on Tuesday.
Read more
WRAPUP 1-Fire at Mississippi gas plant halts U.S. Gulf Coast platforms
NEW YORK/HOUSTON, June 28 (Reuters) - At least two offshore
oil platforms halted operations on Tuesday in the U.S. Gulf of
Mexico after a fire at a natural gas processing plant in
Mississippi shut a crucial pipeline that brings output onshore,
several companies said.
Read more
oil platforms halted operations on Tuesday in the U.S. Gulf of
Mexico after a fire at a natural gas processing plant in
Mississippi shut a crucial pipeline that brings output onshore,
several companies said.
Read more
CORRECTED-Fire under control at Pascagoula, Mississippi gas plant
HOUSTON, June 28 (Reuters) - Firefighters in Pascagoula,
Mississippi were monitoring a dwindling fire at an Enterprise
Products Partners natural gas processing plant on
Tuesday morning, the company said.
Read more
Mississippi were monitoring a dwindling fire at an Enterprise
Products Partners natural gas processing plant on
Tuesday morning, the company said.
Read more
JKX Oil & Gas' largest shareholder nixes most AGM proposals
June 28 (Reuters) - JKX Oil & Gas Plc said Tuesday
its biggest shareholder voted against approving the company's
remuneration policy and the re-appointment of its non-executive
directors, among other proposed resolutions at its annual
general meeting.
Read more
its biggest shareholder voted against approving the company's
remuneration policy and the re-appointment of its non-executive
directors, among other proposed resolutions at its annual
general meeting.
Read more
Pressure mounts on G20 for fossil fuel subsidies deadline
BRUSSELS, June 28 (Reuters) - Energy ministers from the
Group of 20 major economies meeting in Beijing this week came
under a three-pronged attack on Tuesday over their failure to
agree a deadline for the phasing out of subsidies on fossil
fuels.
Read more
Group of 20 major economies meeting in Beijing this week came
under a three-pronged attack on Tuesday over their failure to
agree a deadline for the phasing out of subsidies on fossil
fuels.
Read more
UPDATE 3-VW's diesel settlement will fund range of clean air efforts
WASHINGTON, June 28 (Reuters) - German automaker Volkswagen
AG will pay more than $15.3 billion to settle
charges that it cheated on U.S. diesel emissions tests, an
agreement that will fund buybacks for consumers and provide up
to $4.7 billion that could benefit makers of cleaner
technologies.
Read more
AG will pay more than $15.3 billion to settle
charges that it cheated on U.S. diesel emissions tests, an
agreement that will fund buybacks for consumers and provide up
to $4.7 billion that could benefit makers of cleaner
technologies.
Read more
U.S. Supreme Court to hear Venezuela oil rig dispute
WASHINGTON, June 28 (Reuters) - The U.S. Supreme Court on
Tuesday agreed to weigh Venezuela's bid to block a lawsuit filed
by an American oil drilling company that claims the South
American country illegally seized 11 drilling rigs six years
ago.
Read more
Tuesday agreed to weigh Venezuela's bid to block a lawsuit filed
by an American oil drilling company that claims the South
American country illegally seized 11 drilling rigs six years
ago.
Read more
UPDATE 1-Kinder Morgan sells 50 pct stake in Ohio pipeline to Riverstone
June 28 (Reuters) - Kinder Morgan Inc said it had
agreed to sell half its stake in an Ohio pipeline project to
private equity firm Riverstone Investment Group LLC for an
undisclosed amount.
Read more
agreed to sell half its stake in an Ohio pipeline project to
private equity firm Riverstone Investment Group LLC for an
undisclosed amount.
Read more
U.S. first-quarter GDP growth revised up to 1.1 percent
WASHINGTON, June 28 (Reuters) - U.S. economic growth slowed
in the first quarter but not as sharply as previously estimated,
with gains in exports and investment in software partially
offsetting weak consumer spending.
Read more
in the first quarter but not as sharply as previously estimated,
with gains in exports and investment in software partially
offsetting weak consumer spending.
Read more
Canada antitrust regulator clears Canexus-Superior Plus deal
June 28 (Reuters) - Canadian chemical company Canexus Corp
said Canada's antitrust regulator had approved its
proposed buyout by rival Superior Plus Corp.
Read more
said Canada's antitrust regulator had approved its
proposed buyout by rival Superior Plus Corp.
Read more
UPDATE 1-Idemitsu Kosan's founding family opposes Showa Shell takeover
TOKYO, June 28 (Reuters) - The founding family of Idemitsu
Kosan Co is opposed to the Japanese refiner's planned
takeover of smaller rival Showa Shell Sekiyu, Idemitsu
said on Tuesday, but added that both firms would continue with
plans to merge next April.
Read more
Kosan Co is opposed to the Japanese refiner's planned
takeover of smaller rival Showa Shell Sekiyu, Idemitsu
said on Tuesday, but added that both firms would continue with
plans to merge next April.
Read more
RPT-COLUMN-China's robust crude oil imports mask changing fuel dynamics: Russell
LAUNCESTON, Australia, June 28 (Reuters) - China is a bigger
concern for crude oil and products markets than the current
worries about the British vote to leave the European Union.
Read more
concern for crude oil and products markets than the current
worries about the British vote to leave the European Union.
Read more
UPDATE 1-Empty houses and jobless maids: Indonesia's expat exodus gathers pace
JAKARTA, June 28 (Reuters) - Foreign workers are leaving
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
France's Macron says timely EDF decision on Hinkley Point needed
PARIS, June 28 (Reuters) - French state-controlled utility
EDF should make a timely final investment decision on
its Hinkley Point nuclear project in Britain despite the vote to
leave the European Union, French Economy Minister Emmanuel
Macron said on Tuesday.
Read more
EDF should make a timely final investment decision on
its Hinkley Point nuclear project in Britain despite the vote to
leave the European Union, French Economy Minister Emmanuel
Macron said on Tuesday.
Read more
UPDATE 1-Turkey, Israel sign deal to normalise ties after six years
ANKARA/JERUSALEM, June 28 (Reuters) - Turkey and Israel
signed a deal on Tuesday to restore ties after a six-year rift,
formalising an agreement which U.N. Secretary-General Ban
Ki-moon said sent a "hopeful signal" for regional stability.
Read more
signed a deal on Tuesday to restore ties after a six-year rift,
formalising an agreement which U.N. Secretary-General Ban
Ki-moon said sent a "hopeful signal" for regional stability.
Read more
Turkey signs deal to normalise ties with Israel - official
ANKARA, June 28 (Reuters) - Turkey signed a broad deal on
Tuesday to restore ties with Israel after a six-year rupture, a
Turkish foreign ministry official said, formalising an agreement
announced a day earlier by the prime ministers of the two
countries.
Read more
Tuesday to restore ties with Israel after a six-year rupture, a
Turkish foreign ministry official said, formalising an agreement
announced a day earlier by the prime ministers of the two
countries.
Read more
Maersk Oil to focus on North Sea, Kenya after Qatar contract loss
COPENHAGEN, June 28 (Reuters) - Maersk Oil, a unit of Danish
conglomerate A. P. Moller-Maersk, will focus on
building on its operations in the North Sea and in Kenya, after
it lost the contract to operate Qatar's largest offshore
oilfield.
Read more
conglomerate A. P. Moller-Maersk, will focus on
building on its operations in the North Sea and in Kenya, after
it lost the contract to operate Qatar's largest offshore
oilfield.
Read more
Idemitsu Kosan's founding family opposes Showa Shell takeover -media
TOKYO, June 28 (Reuters) - The founding family of Idemitsu
Kosan Co is opposed to the Japanese refiner's planned
takeover of smaller rival Showa Shell Sekiyu, Kyodo and
other local media reported.
Read more
Kosan Co is opposed to the Japanese refiner's planned
takeover of smaller rival Showa Shell Sekiyu, Kyodo and
other local media reported.
Read more
Monday, June 27, 2016
REFILE-UPDATE 2-France's Total wins stake in Qatar's Al-Shaheen oilfield
DOHA, June 27 (Reuters) - Total has won a 30
percent stake in a new 25-year contract to operate Qatar's
largest offshore oilfield, officials said on Monday, in the
second major upstream development deal for the French oil firm
in the Gulf region in as many years.
Read more
percent stake in a new 25-year contract to operate Qatar's
largest offshore oilfield, officials said on Monday, in the
second major upstream development deal for the French oil firm
in the Gulf region in as many years.
Read more
Fire under control at BP Pascagoula, Mississippi gas plant - police
HOUSTON, June 28 (Reuters) - Firefighters in Pascagoula,
Mississippi were battling a blaze at a giant BP Plc
natural gas processing plant early on Tuesday morning, the
Pascagoula Police Deparment said.
Read more
Mississippi were battling a blaze at a giant BP Plc
natural gas processing plant early on Tuesday morning, the
Pascagoula Police Deparment said.
Read more
RPT-Empty houses and jobless maids: Indonesia's expat exodus gathers pace
JAKARTA, June 28 (Reuters) - Foreign workers are leaving
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Roche anticipates quicker U.S. approval for new MS drug
ZURICH, June 28 (Reuters) - Roche 's new multiple
sclerosis (MS) drug could be approved in the United States this
year, earlier than previously forecast, the Swiss drugmaker said
on Tuesday, after winning the U.S. regulator's priority review
status for the medicine.
Read more
sclerosis (MS) drug could be approved in the United States this
year, earlier than previously forecast, the Swiss drugmaker said
on Tuesday, after winning the U.S. regulator's priority review
status for the medicine.
Read more
Oil prices rise on looming Norway strike, but Brexit still weighs
SINGAPORE, June 28 (Reuters) - Oil prices rose in early
trading in Asia on Tuesday as a looming strike in Norway
threatened to cut output in western Europe's biggest producer,
although Britain's vote to leave the European Union was still
weighing on markets.
Read more
trading in Asia on Tuesday as a looming strike in Norway
threatened to cut output in western Europe's biggest producer,
although Britain's vote to leave the European Union was still
weighing on markets.
Read more
RPT-Empty houses and jobless maids: Indonesia's expat exodus gathers pace
JAKARTA, June 28 (Reuters) - Foreign workers are leaving
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
Indonesia at an increasing rate due to the slump in commodity
prices that has forced resource companies to slash jobs at a
time when the government has also introduced tighter regulations
on expatriates in Southeast Asia's biggest economy.
Read more
UPDATE 1-Adios, Three Amigos: Obama heads to last summit with Canada, Mexico
WASHINGTON/OTTAWA, June 27 (Reuters) - President Barack
Obama will meet with the leaders of Canada and Mexico on
Wednesday for his final "Three Amigos" summit, a meeting that
may signal how keen the North American partners are to tout
trade at a time of rising protectionist sentiment.
Read more
Obama will meet with the leaders of Canada and Mexico on
Wednesday for his final "Three Amigos" summit, a meeting that
may signal how keen the North American partners are to tout
trade at a time of rising protectionist sentiment.
Read more
UPDATE 3-Volkswagen's U.S. diesel emissions settlement to cost $15 bln -source
WASHINGTON, June 27 (Reuters) - Volkswagen AG's
settlement with nearly 500,000 U.S. diesel owners and government
regulators over polluting vehicles is valued at more than $15
billion cash, two sources briefed on the matter said on Monday.
Read more
settlement with nearly 500,000 U.S. diesel owners and government
regulators over polluting vehicles is valued at more than $15
billion cash, two sources briefed on the matter said on Monday.
Read more
UPDATE 1-Two SolarCity board members will consider Tesla deal
LOS ANGELES, June 27 (Reuters) - Solar panel maker SolarCity
Corp said on Monday it has formed a special committee
of just two directors to evaluate Tesla Motors Inc's
$2.8 billion takeover offer.
Read more
Corp said on Monday it has formed a special committee
of just two directors to evaluate Tesla Motors Inc's
$2.8 billion takeover offer.
Read more
WRAPUP 3-Turkey mends fences with Israel, Russia in foreign policy reset
ISTANBUL/MOSCOW/JERUSALEM, June 27 (Reuters) - Turkey
announced the restoration of diplomatic ties with Israel on
Monday after a six-year rupture and expressed regret to Russia
over the downing of a warplane, seeking to mend strained
alliances and ease a sense of isolation on the world stage.
Read more
announced the restoration of diplomatic ties with Israel on
Monday after a six-year rupture and expressed regret to Russia
over the downing of a warplane, seeking to mend strained
alliances and ease a sense of isolation on the world stage.
Read more
REFILE-Allergy Therapeutics says study fails to find hay fever therapy dose range
June 27 (Reuters) - Drug developer Allergy Therapeutics Plc
said a study on suitable doses of its therapy to treat
grass allergic rhinitis, or hay fever, did not find a
recommended dose for a late-stage trial.
Read more
said a study on suitable doses of its therapy to treat
grass allergic rhinitis, or hay fever, did not find a
recommended dose for a late-stage trial.
Read more
Britain's FTSE falters after Brexit vote sparks uncertainty
LONDON, June 27 (Reuters) - UK shares opened lower on
Monday, extending losses from the previous session after
Britain's vote to leave the European Union hurled Britain into
political uncertainty.
Read more
Monday, extending losses from the previous session after
Britain's vote to leave the European Union hurled Britain into
political uncertainty.
Read more
Sunday, June 26, 2016
UPDATE 1-Oil prices fall as Brexit lingers, refined products glut looms
* Asian refined products glut is of bigger fundamental
concern
(Adds comments, chart, detail, changes dateline to SINGAPORE)
Read more
concern
(Adds comments, chart, detail, changes dateline to SINGAPORE)
Read more
UPDATE 1-Gunmen release expatriate contractors kidnapped in Niger Delta -police
YENAGOA, Nigeria, June 26 (Reuters) - Seven contractors,
including three Australians and a South African, have been
released four days after they were kidnapped by gunmen in
southern Nigeria, officials said.
Read more
including three Australians and a South African, have been
released four days after they were kidnapped by gunmen in
southern Nigeria, officials said.
Read more
Gunmen release expatriate contractors kidnapped in Niger Delta -police
YENAGOA, Nigeria, June 26 (Reuters) - As many as seven
contractors, including three Australians and a South African,
have been released unharmed four days after they were kidnapped
by gunmen in southern Nigeria, local police and a state security
adviser said on Sunday.
Read more
contractors, including three Australians and a South African,
have been released unharmed four days after they were kidnapped
by gunmen in southern Nigeria, local police and a state security
adviser said on Sunday.
Read more
Air pollution to kill millions more without change of energy policy - IEA
LONDON, June 27 (Reuters) - Premature deaths from air
pollution will continue to rise to 2040 unless changes are made
to the way the world uses and produces energy, the International
Energy Agency said on Monday.
Read more
pollution will continue to rise to 2040 unless changes are made
to the way the world uses and produces energy, the International
Energy Agency said on Monday.
Read more
Rosatom's global nuclear ambition cramped by Kremlin politics
PARIS/MOSCOW, June 26 (Reuters) - The $100 billion overseas
order book of Russia's nuclear power plant builder Rosatom --
bigger than all its Western competitors combined -- makes it
look like the giant in its field.
Read more
order book of Russia's nuclear power plant builder Rosatom --
bigger than all its Western competitors combined -- makes it
look like the giant in its field.
Read more
Niger Delta Avengers urge Nigeria's Buhari to visit southern oil hub
YENAGOA, Nigeria June 26 (Reuters) - The Niger Delta
Avengers, a Nigerian militant group which has claimed
responsibility for a series of attacks on oil facilities in the
country's southern energy hub, has urged President Muhammadu
Buhari to visit the region.
Read more
Avengers, a Nigerian militant group which has claimed
responsibility for a series of attacks on oil facilities in the
country's southern energy hub, has urged President Muhammadu
Buhari to visit the region.
Read more
After deadly China tornado, rescuers clean up hazardous chemicals
BEIJING, June 26 (Reuters) - Rescue workers have been trying
to safely dispose of hazardous chemicals after a deadly tornado
hit eastern China on Thursday, killing at least 98 people and
injuring more than 800 others, Chinese state media reported late
on Saturday.
Read more
to safely dispose of hazardous chemicals after a deadly tornado
hit eastern China on Thursday, killing at least 98 people and
injuring more than 800 others, Chinese state media reported late
on Saturday.
Read more
Saturday, June 25, 2016
Ecuador says Brexit 'spoils' scheduled bond issue
QUITO, June 25 (Reuters) - Ecuadorean President Rafael
Correa said on Saturday that Britain's vote to leave the
European Union has "spoiled" a bond issue that had been planned
for next week to help shore up the cash-strapped oil-exporter's
finances.
Read more
Correa said on Saturday that Britain's vote to leave the
European Union has "spoiled" a bond issue that had been planned
for next week to help shore up the cash-strapped oil-exporter's
finances.
Read more
UPDATE 1-TransCanada formally seeks NAFTA damages in Keystone XL rejection
TORONTO, June 25 (Reuters) - TransCanada Corp is
formally requesting arbitration over U.S. President Barack
Obama's rejection of the Keystone XL pipeline, seeking $15
billion in damages, the company said in legal papers dated
Friday.
Read more
formally requesting arbitration over U.S. President Barack
Obama's rejection of the Keystone XL pipeline, seeking $15
billion in damages, the company said in legal papers dated
Friday.
Read more
Petron Malaysia says no supply disruption from Port Dickson fire
KUALA LUMPUR, June 25 (Reuters) - Petron Malaysia
said a fire broke out at its Port Dickson oil refinery on
Friday, but there were no injuries or supply disruptions.
Read more
said a fire broke out at its Port Dickson oil refinery on
Friday, but there were no injuries or supply disruptions.
Read more
TransCanada formally seeks damages over Keystone XL rejection
TORONTO, June 25 (Reuters) - TransCanada Corp is
formally requesting arbitration over U.S. President Barack
Obama's rejection of the Keystone XL pipeline, seeking $15
billion in damages, the company said in legal papers dated
Friday.
Read more
formally requesting arbitration over U.S. President Barack
Obama's rejection of the Keystone XL pipeline, seeking $15
billion in damages, the company said in legal papers dated
Friday.
Read more
UPDATE 1-ChemChina to take 40 pct stake in Rosneft's petrochemical project
MOSCOW, June 25 (Reuters) - Russia's biggest oil producer
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
Read more
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
Read more
ChemChina to take 40 pct stake in Rosneft's petrochemical project
MOSCOW, June 25 (Reuters) - Russia's biggest oil producer
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
Read more
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
Read more
Friday, June 24, 2016
UPDATE 1-U.S. states, Rockefellers clash with U.S. House panel on Exxon climate probes
HOUSTON, June 24 (Reuters) - With a number of U.S. states
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
Read more
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
Read more
UPDATE 2-Court says ETE can bolt $20 billion Williams takeover
NEW YORK/WILMINGTON, Del., June 24 (Reuters) - Energy
Transfer Equity won a court ruling on Friday that would
allow the pipeline operator to walk away from its more than $20
billion takeover of rival Williams Cos Inc, a deal
Energy Transfer agreed to in September but soured on in January.
Read more
Transfer Equity won a court ruling on Friday that would
allow the pipeline operator to walk away from its more than $20
billion takeover of rival Williams Cos Inc, a deal
Energy Transfer agreed to in September but soured on in January.
Read more
U.S. states, Rockefellers clash with U.S. House panel on Exxon climate probes
HOUSTON, June 24 (Reuters) - With many U.S. states
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
Read more
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
Read more
UPDATE 1-Speculators boost U.S. natural gas net longs for 4th week -CFTC
(Adds benchmark and gas prices)
June 24 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fourth consecutive week, betting prices
will rise as production eases and power demand remains high to
meet rising air-conditioning use during an unusually hot start
to the summer.
Speculators in four major NYMEX and ICE markets increased
their bullish bets by 12,388 contracts to 94,209 in the week to
June 21, the U.S. Commodity Futures Trading Commission said on
Friday.
Read more
UPDATE 1-U.S. oil drillers cut rigs after 3 weeks of additions -Baker Hughes
(Adds basins and states)
June 24 (Reuters) - U.S. oil drillers cut rigs this week for
a 20th week this year after three weeks of additions, according
to a closely followed report on Friday, as crude prices pull
back after a recent rally to an 11-month high over $51 a barrel.
Despite a decline in U.S. crude to below $48 a barrel on
Friday after Britain voted to leave the European Union, several
companies said recently they plan to boost spending on new
drilling with futures for the bal
Read more
Speculators boost U.S. natural gas net longs for 4th week -CFTC
June 24 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fourth consecutive week, betting prices
will rise as production eases and power demand remains high to
meet rising air conditioning use during an unusually hot start
to the summer.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 12,388 contracts to 94,209 in the week to
June 21, the U.S. Commodity Futures Trading Commission said on
Friday.
(Reporting by Scott DiSavino; Editing
Read more
their net longs for a fourth consecutive week, betting prices
will rise as production eases and power demand remains high to
meet rising air conditioning use during an unusually hot start
to the summer.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 12,388 contracts to 94,209 in the week to
June 21, the U.S. Commodity Futures Trading Commission said on
Friday.
(Reporting by Scott DiSavino; Editing
Read more
Russia's VEB guarantees $3 bln of Yamal LNG debt
MOSCOW, June 24 (Reuters) - Russian development bank VEB
said on Friday it had provided a guarantee for $3 billion of
debt to the Yamal liquefied natural gas (LNG) project, led by
Russian gas firm Novatek.
Read more
said on Friday it had provided a guarantee for $3 billion of
debt to the Yamal liquefied natural gas (LNG) project, led by
Russian gas firm Novatek.
Read more
U.S. oil drillers cut rigs after 3 weeks of additions -Baker Hughes
June 24 (Reuters) - U.S. oil drillers cut rigs this week for
a 20th week this year after three weeks of additions, according
to a closely followed report on Friday, as crude prices pull
back after a recent rally to an 11-month high over $51 a barrel.
Despite a decline in U.S. crude to below $48 a barrel on
Friday after Britain voted to leave the European Union, several
companies said recently they plan to boost spending on new
drilling with futures for the balance of the year and 2017
toppin
Read more
a 20th week this year after three weeks of additions, according
to a closely followed report on Friday, as crude prices pull
back after a recent rally to an 11-month high over $51 a barrel.
Despite a decline in U.S. crude to below $48 a barrel on
Friday after Britain voted to leave the European Union, several
companies said recently they plan to boost spending on new
drilling with futures for the balance of the year and 2017
toppin
Read more
Russian minister doesn't think Brexit will affect privatisation deals
MOSCOW, June 24 (Reuters) - Russian Economy Minister Alexei
Ulyukayev said on Friday he did not think Britain's vote to
leave the European Union would influence Russia's privatisation
programme, Russian news agencies reported.
Read more
Ulyukayev said on Friday he did not think Britain's vote to
leave the European Union would influence Russia's privatisation
programme, Russian news agencies reported.
Read more
Brazil's Bible, beef and bullets lobby backs Temer, unfazed by scandal
BRASILIA, June 24 (Reuters) - Conservative legislators in
Brazil say they will back interim President Michel Temer through
a growing corruption scandal in return for support for their
right-wing social agenda, including tougher abortion
restrictions and looser gun control.
Read more
Brazil say they will back interim President Michel Temer through
a growing corruption scandal in return for support for their
right-wing social agenda, including tougher abortion
restrictions and looser gun control.
Read more
Dutch lower Groningen gas production cap to 24 bcm
THE HAGUE, June 24 (Reuters) - The Dutch government said on
Friday that it would lower the cap on production at the
Groningen gas field to 24 billion cubic metres a year for the
next five years.
Read more
Friday that it would lower the cap on production at the
Groningen gas field to 24 billion cubic metres a year for the
next five years.
Read more
Netherlands to cut more Groningen gas production
AMSTERDAM, June 24 (Reuters) - The Dutch government has
decided to cut production at the giant Groningen gas field from
its current level of 27 billion cubic metres a year from October
1, 2016, Deputy Prime Minister Lodewijk Asscher said on Friday.
Read more
decided to cut production at the giant Groningen gas field from
its current level of 27 billion cubic metres a year from October
1, 2016, Deputy Prime Minister Lodewijk Asscher said on Friday.
Read more
WRAPUP 1-Weak U.S. core capital goods orders point to subdued business spending
WASHINGTON, June 24 (Reuters) - New orders for U.S.
manufactured capital goods unexpectedly fell in May as demand
declined broadly, suggesting business spending will remain a
drag on economic growth in the second quarter.
Read more
manufactured capital goods unexpectedly fell in May as demand
declined broadly, suggesting business spending will remain a
drag on economic growth in the second quarter.
Read more
Weak U.S. core capital goods orders point to subdued business spending
WASHINGTON, June 24 (Reuters) - New orders for U.S.
manufactured capital goods unexpectedly fell in May as demand
declined across the board, suggesting business spending will
remain a drag on economic growth in the second quarter.
Read more
manufactured capital goods unexpectedly fell in May as demand
declined across the board, suggesting business spending will
remain a drag on economic growth in the second quarter.
Read more
Malaysia PM sacks former deputy from party, says still mulling cabinet reshuffle
KUALA LUMPUR, June 24 (Reuters) - Malaysian Prime Minister
Najib Razak on Friday sacked his former deputy from the ruling
party, and said he needed more time to think about a possible
cabinet reshuffle.
Read more
Najib Razak on Friday sacked his former deputy from the ruling
party, and said he needed more time to think about a possible
cabinet reshuffle.
Read more
UPDATE 1-Malaysia PM sacks former deputy from party, still considering cabinet reshuffle
KUALA LUMPUR, June 24 (Reuters) - Malaysian Prime Minister
Najib Razak on Friday sacked his former deputy from the ruling
party and said he needed more time to think about a cabinet
reshuffle.
Read more
Najib Razak on Friday sacked his former deputy from the ruling
party and said he needed more time to think about a cabinet
reshuffle.
Read more
COLUMN-Brexit has limited impact on oil prices so far: Kemp
LONDON, June 24 (Reuters) - Crude oil prices have so far
shown only a modest impact from Britain's vote to leave the
European Union on Thursday.
Read more
shown only a modest impact from Britain's vote to leave the
European Union on Thursday.
Read more
PetroChina to start new refinery in Oct, boost China crude imports
BEIJING, June 24 (Reuters) - PetroChina, China's
second-largest state-run refiner, aims to start operating a new
refinery in the country's southwest in October after several
delays, boosting the nation's already-surging crude imports.
Read more
second-largest state-run refiner, aims to start operating a new
refinery in the country's southwest in October after several
delays, boosting the nation's already-surging crude imports.
Read more
BP says to keep UK headquarters despite British EU exit vote
LONDON, June 24 (Reuters) - Oil major BP said on
Friday its headquarters would remain in the United Kingdom,
despite Britain voting to leave the European Union.
Read more
Friday its headquarters would remain in the United Kingdom,
despite Britain voting to leave the European Union.
Read more
UPDATE 1-EDF should delay Hinkley Point decision following Brexit-union
PARIS, June 24 (Reuters) - French EDF's main labour
union said on Friday that the utility should delay the final
investment decision on its 18 billion pound ($24 billion)
project to build a nuclear plant in Hinkley Point in southern
England after Britons voted to quit the European Union.
Read more
union said on Friday that the utility should delay the final
investment decision on its 18 billion pound ($24 billion)
project to build a nuclear plant in Hinkley Point in southern
England after Britons voted to quit the European Union.
Read more
Thursday, June 23, 2016
Shareholders approve Noble Group's over $500 mln rights issue
SINGAPORE, June 24 (Reuters) - Noble Group said on
Friday its shareholders approved the commodities trader's plan
to raise more than $500 million in a share issue.
Read more
Friday its shareholders approved the commodities trader's plan
to raise more than $500 million in a share issue.
Read more
UPDATE 1-Seven Indonesian sailors kidnapped in Philippines - foreign minister
JAKARTA, June 24 (Reuters) - Seven Indonesian sailors have
been taken hostage in the Sulu Sea in the southern Philippines,
Indonesia's foreign minister said on Friday, the latest in a
string of abductions in the waters between the two Southeast
Asian neighbors.
Read more
been taken hostage in the Sulu Sea in the southern Philippines,
Indonesia's foreign minister said on Friday, the latest in a
string of abductions in the waters between the two Southeast
Asian neighbors.
Read more
Seven Indonesian sailors kidnapped in Philippines - foreign minister
JAKARTA, June 24 (Reuters) - Seven Indonesian sailors have
been taken hostage in the Sulu Sea in the southern Philippines,
Indonesia's foreign minister said on Friday, the latest in a
string of abductions in the waters between the two Southeast
Asian neighbours.
Read more
been taken hostage in the Sulu Sea in the southern Philippines,
Indonesia's foreign minister said on Friday, the latest in a
string of abductions in the waters between the two Southeast
Asian neighbours.
Read more
Savage storm pummels eastern China, killing 98
SHANGHAI, June 24 (Reuters) - A violent storm in eastern
China that packed gale-force winds and hail killed 98 people and
injured hundreds as it flattened power lines, overturned cars
and ripped roofs off houses in Jiangsu province.
Read more
China that packed gale-force winds and hail killed 98 people and
injured hundreds as it flattened power lines, overturned cars
and ripped roofs off houses in Jiangsu province.
Read more
UPDATE 1-Penn West CEO criticizes Alberta's stricter energy asset sale rules
CALGARY, Alberta, June 23 (Reuters) - New rules from
Alberta's energy regulator determining which companies are
deemed strong enough to buy assets are off the mark in terms of
fairness and transparency, Penn West Petroleum Ltd's
chief executive said on Thursday.
Read more
Alberta's energy regulator determining which companies are
deemed strong enough to buy assets are off the mark in terms of
fairness and transparency, Penn West Petroleum Ltd's
chief executive said on Thursday.
Read more
UPDATE 1-Venezuela sees oil price up $10 per barrel, output rising within 6 months
CARACAS, June 23 (Reuters) - Oil prices will likely rise by
$10 per barrel this summer, Venezuela's oil minister said on
Thursday, adding that the South American OPEC nation's output
could increase as much as 200,000 barrels per day in the next
six months.
Read more
$10 per barrel this summer, Venezuela's oil minister said on
Thursday, adding that the South American OPEC nation's output
could increase as much as 200,000 barrels per day in the next
six months.
Read more
UPDATE 3-VW to pay over $10 bln for U.S. emissions scandal - sources
WASHINGTON, June 23 (Reuters) - Volkswagen AG
will pay more than $10 billion to settle claims by nearly
500,000 owners stemming from its U.S. diesel emissions cheating
scandal and fund efforts to offset pollution, three sources
briefed on the agreement said on Thursday.
Read more
will pay more than $10 billion to settle claims by nearly
500,000 owners stemming from its U.S. diesel emissions cheating
scandal and fund efforts to offset pollution, three sources
briefed on the agreement said on Thursday.
Read more
CANADA STOCKS-TSX rises to near two-week high on bets Britain stays in EU
TORONTO, June 23 (Reuters) - Canada's benchmark stock index
reached a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
reached a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
U.S. diplomat's talks in Venezuela 'good,' 'constructive' - State Department
WASHINGTON, June 23 (Reuters) - The talks held by a top U.S.
diplomat in Venezuela, which included meetings with Venezuelan
President Nicolas Maduro and opposition figures and civil
society activists, were good and constructive, a State
Department spokesman said on Thursday.
Read more
diplomat in Venezuela, which included meetings with Venezuelan
President Nicolas Maduro and opposition figures and civil
society activists, were good and constructive, a State
Department spokesman said on Thursday.
Read more
UPDATE 1-Canada oil output to jump 28 pct by 2030, transport an issue - industry
CALGARY, June 23 (Reuters) - Oil output from Canada's vast
reserves is set to outpace infrastructure to bring that crude to
market in coming years, the Canadian Association of Petroleum
Producers (CAPP) said on Thursday, even as it scaled back its
long-term growth forecast.
Read more
reserves is set to outpace infrastructure to bring that crude to
market in coming years, the Canadian Association of Petroleum
Producers (CAPP) said on Thursday, even as it scaled back its
long-term growth forecast.
Read more
VW's U.S. emissions settlement nearly $10.3 billion -source
June 23 (Reuters) - Volkswagen AG's diesel
emissions settlement with U.S. regulators is valued at nearly
$10.3 billion, a source briefed on the agreement said on
Thursday.
Read more
emissions settlement with U.S. regulators is valued at nearly
$10.3 billion, a source briefed on the agreement said on
Thursday.
Read more
Kenya, Ethiopia plan oil products pipeline
NAIROBI, June 23 (Reuters) - Kenya and Ethiopia aim to
finalise plans by the end of 2016 for a refined oil products
pipeline to be built from Kenya's north coast to the Ethiopian
capital, the two said on Thursday.
Read more
finalise plans by the end of 2016 for a refined oil products
pipeline to be built from Kenya's north coast to the Ethiopian
capital, the two said on Thursday.
Read more
CANADA STOCKS-TSX rises to near two-week high on bets Britain stays in EU
TORONTO, June 23 (Reuters) - Canada's benchmark stock index
hit a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
hit a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
MIDEAST STOCKS-Gulf nudges up in thin trade; Egypt bounces
DUBAI, June 23 (Reuters) - Most stock markets in the Gulf
made small gains on Thursday, but trading volumes were thin
because of uncertainty over the result of Britain's vote on
whether to stay in the European Union.
Read more
made small gains on Thursday, but trading volumes were thin
because of uncertainty over the result of Britain's vote on
whether to stay in the European Union.
Read more
French naval shipbuilder predicts turning point for tidal power
NANTES, France, June 23 (Reuters) - Tidal power is moving
beyond the prototype stage for state-backed French naval
shipbuilder DCNS, which is targeting a billion euros in sales
from the technology in the next decade.
Read more
beyond the prototype stage for state-backed French naval
shipbuilder DCNS, which is targeting a billion euros in sales
from the technology in the next decade.
Read more
Chilean politician put under house arrest in wide corruption scandal
SANTIAGO, June 23 (Reuters) - A Chilean court ordered that a
prominent former senator be placed under nighttime house arrest,
while authorities investigate him for possible tax fraud and
bribery.
Read more
prominent former senator be placed under nighttime house arrest,
while authorities investigate him for possible tax fraud and
bribery.
Read more
Indian companies consider Rosneft stakes, pipeline -minister
NEW DELHI, June 23 (Reuters) - Indian companies are
evaluating buying stakes in Russian state oil firm Rosneft
, India's oil minister said on Thursday, as Moscow
seeks funds to address its state deficit.
Read more
evaluating buying stakes in Russian state oil firm Rosneft
, India's oil minister said on Thursday, as Moscow
seeks funds to address its state deficit.
Read more
UPDATE 1-Maersk appoints head of shipping business as new CEO
COPENHAGEN, June 23 (Reuters) - Danish shipping and oil
group A. P. Moller-Maersk has appointed Soren Skou,
a company veteran who heads its container shipping business, as
chief executive to steer it through a historic downturn in both
its key markets.
Read more
group A. P. Moller-Maersk has appointed Soren Skou,
a company veteran who heads its container shipping business, as
chief executive to steer it through a historic downturn in both
its key markets.
Read more
RPT-COLUMN-Rio Tinto's cleared the decks, now time to change iron ore tack: Russell
LAUNCESTON, Australia, June 23 (Reuters) - - The beautiful
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
Canada's oil output to grow 28 pct to 4.9 mln bpd by 2030 - report
June 23 (Reuters) - Canadian oil production will grow by 28
percent to hit 4.9 million barrels per day (bpd) by 2030, the
Canadian Association of Petroleum Producers said in its annual
report.
Read more
percent to hit 4.9 million barrels per day (bpd) by 2030, the
Canadian Association of Petroleum Producers said in its annual
report.
Read more
Brazil police arrest former minister Paulo Bernardo - media
BRASILIA, June 23 (Reuters) - Brazil's federal police
arrested former minister Paulo Bernardo on Thursday, Globo TV
and O Estado de S.Paulo newspaper said.
Read more
arrested former minister Paulo Bernardo on Thursday, Globo TV
and O Estado de S.Paulo newspaper said.
Read more
RUSSIA'S ULYUKAYEV SAYS DOES NOT RULE OUT THAT VEB COULD SELL GAZPROM'S ADRS BACK TO GAZPROM
RUSSIA'S ULYUKAYEV SAYS DOES NOT RULE OUT THAT VEB COULD SELL
GAZPROM'S ADRS BACK TO GAZPROM
Read more
GAZPROM'S ADRS BACK TO GAZPROM
Read more
New Philippine minister says open-pit mining is "madness"
MANILA, June 23 (Reuters) - The incoming minister in charge
of Philippine mining has slammed the use of open pits to extract
minerals, describing it as "madness" even to consider the method
in the resource-rich country because of the environmental
impact.
Read more
of Philippine mining has slammed the use of open pits to extract
minerals, describing it as "madness" even to consider the method
in the resource-rich country because of the environmental
impact.
Read more
Solar plane lands in Spain after three-day Atlantic crossing
SEVILLE, Spain, June 23 (Reuters) - An airplane powered
solely by the sun landed safely in Seville in Spain early on
Thursday after an almost three-day flight across the Atlantic
from New York in one of the longest legs of the first ever
fuel-less flight around the world.
Read more
solely by the sun landed safely in Seville in Spain early on
Thursday after an almost three-day flight across the Atlantic
from New York in one of the longest legs of the first ever
fuel-less flight around the world.
Read more
FTSE near 2-week high as voting starts in Britain's EU referendum
LONDON, June 23 (Reuters) - Britain's top share index
climbed to trade near a two-week high on Thursday as Britons
started to cast their votes in a historic EU membership
referendum, with recent opinion polls showing the "Remain" camp
nudging ahead in the campaign.
Read more
climbed to trade near a two-week high on Thursday as Britons
started to cast their votes in a historic EU membership
referendum, with recent opinion polls showing the "Remain" camp
nudging ahead in the campaign.
Read more
Wednesday, June 22, 2016
COLUMN-Rio Tinto's cleared the decks, now time to change iron ore tack: Russell
LAUNCESTON, Australia, June 23 (Reuters) - - The beautiful
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
Iran condensate exports set to fall to 5-month low in July -sources
SINGAPORE/TOKYO, June 23 (Reuters) - Iran's condensate
exports in July are expected to fall to the lowest in five
months as major buyer South Korea scales back purchases of the
ultra-light oil, trade sources said on Thursday.
Read more
exports in July are expected to fall to the lowest in five
months as major buyer South Korea scales back purchases of the
ultra-light oil, trade sources said on Thursday.
Read more
UPDATE 1-Eletrobras names new CEO, gets 3.5 bln reais capital injection
SAO PAULO, June 22 (Reuters) - Brazil has tapped the leader
of one of the country's largest private electricity companies to
run Centrais Eletricas Brasileiras SA and is
preparing a capital injection of 3.5 billion reais ($1.0
billion) in the state-run power company, the government said on
Wednesday.
Read more
of one of the country's largest private electricity companies to
run Centrais Eletricas Brasileiras SA and is
preparing a capital injection of 3.5 billion reais ($1.0
billion) in the state-run power company, the government said on
Wednesday.
Read more
UPDATE 2-Gundlach says considering selling European equities on 'Bremain' vote
NEW YORK, June 22 (Reuters) - Jeffrey Gundlach, the chief
executive officer at DoubleLine Capital, said Wednesday that his
firm is considering selling its position in European equities
early Friday on a "Bremain" vote that keeps Britain in the
European Union.
Read more
executive officer at DoubleLine Capital, said Wednesday that his
firm is considering selling its position in European equities
early Friday on a "Bremain" vote that keeps Britain in the
European Union.
Read more
SolarCity's thrifty message clashes with Tesla's luxury branding
LOS ANGELES, June 22 (Reuters) - Elon Musk is betting that
luxury electric car buyers and rooftop solar customers are a
single market. The marketing messages of Tesla and SolarCity
tell a different tale.
Read more
luxury electric car buyers and rooftop solar customers are a
single market. The marketing messages of Tesla and SolarCity
tell a different tale.
Read more
UPDATE 3-U.S. envoy talks with Venezuela President Maduro amid crisis
CARACAS, June 22 (Reuters) - Veteran U.S. diplomat Tom
Shannon spoke for nearly two hours with Venezuela President
Nicolas Maduro on Wednesday to re-start relations between the
ideologically opposed governments amid a punishing economic
crisis in the South American nation.
Read more
Shannon spoke for nearly two hours with Venezuela President
Nicolas Maduro on Wednesday to re-start relations between the
ideologically opposed governments amid a punishing economic
crisis in the South American nation.
Read more
French parliament scraps planned extra tax on palm oil
PARIS, June 22 (Reuters) - France's National Assembly on
Wednesday scrapped plans for an additional tax on palm oil,
which had raised an outcry in producer countries, after the
government said it would propose a new tax scheme for vegetable
oils used in food.
Read more
Wednesday scrapped plans for an additional tax on palm oil,
which had raised an outcry in producer countries, after the
government said it would propose a new tax scheme for vegetable
oils used in food.
Read more
WRAPUP 1-Investors see trouble in Musk's dream for Tesla-SolarCity tie-up
June 22 (Reuters) - Investors questioned a plan by Silicon
Valley heavyweight Elon Musk for his electric car company Tesla
Motors to buy his rooftop solar company SolarCity for up to $2.8
billion, sending Tesla's shares down more than 10 percent on
concerns the two would not fit together and a deal would
distract Tesla from making cars.
Read more
Valley heavyweight Elon Musk for his electric car company Tesla
Motors to buy his rooftop solar company SolarCity for up to $2.8
billion, sending Tesla's shares down more than 10 percent on
concerns the two would not fit together and a deal would
distract Tesla from making cars.
Read more
UPDATE 1-U.S. envoy talks with Venezuela's president Maduro amid crisis
CARACAS, June 22 (Reuters) - Veteran U.S. diplomat Tom
Shannon met with Venezuela's President Nicolas Maduro on
Wednesday to re-start talks between the ideologically-opposed
governments amid a punishing economic crisis in the South
American OPEC nation.
Read more
Shannon met with Venezuela's President Nicolas Maduro on
Wednesday to re-start talks between the ideologically-opposed
governments amid a punishing economic crisis in the South
American OPEC nation.
Read more
UPDATE 2-Britain may face winter with record low gas stocks after outage
LONDON/MILAN, June 22 (Reuters) - The shutdown of Britain's
largest gas storage facility for 42-days sent wholesale gas
prices surging on Wednesday on the possibility the country could
head into winter with record low inventories.
Read more
largest gas storage facility for 42-days sent wholesale gas
prices surging on Wednesday on the possibility the country could
head into winter with record low inventories.
Read more
Brazil probe likely to hamper Eletrobras asset sales
SAO PAULO, June 22 (Reuters) - Several graft and bribes
probes into Centrais Elétricas Brasileiras SA could delay asset
sale plans at Brazil's state-controlled power holding company,
analysts and lawyers said on Wednesday, underscoring mounting
caution among potential buyers.
Read more
probes into Centrais Elétricas Brasileiras SA could delay asset
sale plans at Brazil's state-controlled power holding company,
analysts and lawyers said on Wednesday, underscoring mounting
caution among potential buyers.
Read more
CANADA STOCKS-TSX rises as financials rally ahead of Brexit vote
TORONTO, June 22 (Reuters) - Canada's main stock index
firmed to a one-week high on Wednesday, led by financial stocks
as investors grew more optimistic that Britons would vote to
stay in the European Union.
Read more
firmed to a one-week high on Wednesday, led by financial stocks
as investors grew more optimistic that Britons would vote to
stay in the European Union.
Read more
MIDEAST STOCKS-Gulf mixed before Brexit vote, Egypt resumes downtrend
DUBAI, June 22 (Reuters) - Gulf stock markets were mixed in
narrow ranges and moderate volumes on Wednesday, with investors
cautious before Britain's European Union referendum. Egypt
resumed sliding after it broke major technical support earlier
this week.
Read more
narrow ranges and moderate volumes on Wednesday, with investors
cautious before Britain's European Union referendum. Egypt
resumed sliding after it broke major technical support earlier
this week.
Read more
UPDATE 1-Tesla's Musk says has "zero doubt" about buying SolarCity
June 22 (Reuters) - Tesla Motors Inc Chief
Executive Elon Musk said he has "zero doubt" about buying solar
installation firm SolarCity Corp and that he should
have done it sooner.
Read more
Executive Elon Musk said he has "zero doubt" about buying solar
installation firm SolarCity Corp and that he should
have done it sooner.
Read more
Iran names new OPEC envoy - oil ministry
DUBAI, June 22 (Reuters) - Iran named oil ministry senior
analyst Behrouz Beik Alizadeh as its new representative at the
Organization of the Petroleum Exporting Countries (OPEC), the
ministry's news agency SHANA reported on Wednesday.
Read more
analyst Behrouz Beik Alizadeh as its new representative at the
Organization of the Petroleum Exporting Countries (OPEC), the
ministry's news agency SHANA reported on Wednesday.
Read more
Total hires boss of France's Gendarmerie police force as head of security
PARIS, June 22 (Reuters) - Total has hired the
chief of France's Gendarmerie police force to take over as its
head of security, the oil company said on Wednesday.
Read more
chief of France's Gendarmerie police force to take over as its
head of security, the oil company said on Wednesday.
Read more
UPDATE 4-Oil rises further above $50 on API report, braced for Brexit volatility
* Nigerian militants deny agreeing to ceasefire pact
(Updates prices, adds quote paras 5-6)
Read more
(Updates prices, adds quote paras 5-6)
Read more
White House economists say U.S. coal program costing taxpayers
WASHINGTON, June 22 (Reuters) - A U.S. program meant to
encourage coal mining on federal land is open to industry abuse
and costs taxpayers billions of dollars in lost revenue every
year, a White House study to be released on Wednesday concluded.
Read more
encourage coal mining on federal land is open to industry abuse
and costs taxpayers billions of dollars in lost revenue every
year, a White House study to be released on Wednesday concluded.
Read more
RPT-From engineer to sommelier: Calgary's laid-off oil workers try plan B
CALGARY, Alberta, June 22 (Reuters) - Alejandro Rodriguez
wants to be a sommelier. His previous experience: 20 years as an
oil reservoir engineer.
Read more
wants to be a sommelier. His previous experience: 20 years as an
oil reservoir engineer.
Read more
Thailand's PTT plans to invest in budget hotels business
BANGKOK, June 22 (Reuters) - Thailand's largest energy firm
PTT Pcl is in talks with three to four hotel chain
operators about plans to build budget hotels at its oil service
stations in a bid to boost revenue from its retail business, an
executive said on Wednesday.
Read more
PTT Pcl is in talks with three to four hotel chain
operators about plans to build budget hotels at its oil service
stations in a bid to boost revenue from its retail business, an
executive said on Wednesday.
Read more
Pakistan shares close lower; cement, oil stocks fall
KARACHI, June 22 (Reuters) - Pakistan shares closed lower on
Wednesday, led down by cement, and oil and gas stocks, dealers
said.
Read more
Wednesday, led down by cement, and oil and gas stocks, dealers
said.
Read more
Dutch agency calls for further cut in Groningen gas after Oct. 1
AMSTERDAM, June 22 (Reuters) - The Netherlands' National
Mines Inspectorate has advised the government to cut production
at the country's large Groningen gas field this autumn, local
media reported on Wednesday.
Read more
Mines Inspectorate has advised the government to cut production
at the country's large Groningen gas field this autumn, local
media reported on Wednesday.
Read more
Tuesday, June 21, 2016
From engineer to sommelier: Calgary's laid-off oil workers try plan B
CALGARY, Alberta, June 22 (Reuters) - Alejandro Rodriguez
wants to be a sommelier. His previous experience: 20 years as an
oil reservoir engineer.
Read more
wants to be a sommelier. His previous experience: 20 years as an
oil reservoir engineer.
Read more
HIGHLIGHTS-Thomson Reuters/INSEAD Q2 Asian Business Sentiment Survey -by sector
BENGALURU, June 22 (Reuters) - Business sentiment at
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
S.Korea stocks edge up after Yellen's comments, won steady
* KOSPI set for a fourth positive session
* Won holds steady ahead of Brexit vote
SEOUL, June 22 (Reuters) - South Korean shares edged up
early on Wednesday, as U.S. Federal Reserve President Janet
Yellen's comments eased some uncertainty over the Fed's policy
outlook while more investors were cautiously betting for Britain
to stay in the European Union.
The Korea Composite Stock Price Index (KOSPI) was up
0.3 percent at 1,987.68 points as of 0214 GMT, set for a fourth
straight sess
Read more
* Won holds steady ahead of Brexit vote
SEOUL, June 22 (Reuters) - South Korean shares edged up
early on Wednesday, as U.S. Federal Reserve President Janet
Yellen's comments eased some uncertainty over the Fed's policy
outlook while more investors were cautiously betting for Britain
to stay in the European Union.
The Korea Composite Stock Price Index (KOSPI) was up
0.3 percent at 1,987.68 points as of 0214 GMT, set for a fourth
straight sess
Read more
HIGHLIGHTS-Thomson Reuters/INSEAD Q2 Asian Business Sentiment Survey -by economy
BENGALURU, June 22 (Reuters) - Business sentiment at
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
U.N. reaction to Malakal violence in S.Sudan marred by confusion
UNITED NATIONS, June 21 (Reuters) - Confusion over command
and control and rules of engagement marred a response by United
Nations peacekeepers to deadly violence in a U.N. compound in
South Sudan sheltering nearly 50,000 civilians, the world body
said on Tuesday.
Read more
and control and rules of engagement marred a response by United
Nations peacekeepers to deadly violence in a U.N. compound in
South Sudan sheltering nearly 50,000 civilians, the world body
said on Tuesday.
Read more
UPDATE 1-Tesla offers to buy solar panel maker SolarCity in deal up to $2.8 bln
June 21 (Reuters) - Elon Musk's Tesla Motors Inc
said on Tuesday it has made an offer to acquire solar panel
maker SolarCity Corp in an all-stock deal worth as much
as $2.8 billion, as the electric car maker looks to get into the
market for sustainable energy for homes and businesses.
Read more
said on Tuesday it has made an offer to acquire solar panel
maker SolarCity Corp in an all-stock deal worth as much
as $2.8 billion, as the electric car maker looks to get into the
market for sustainable energy for homes and businesses.
Read more
Brazil speaker refuses to quit, denies corruption charges
BRASILIA, June 21 (Reuters) - Brazil's suspended House
speaker, Eduardo Cunha, denied any criminal wrongdoing on
Tuesday and said he will not resign, even though he has already
been indicted for corruption and faces the risk of imminent
arrest.
Read more
speaker, Eduardo Cunha, denied any criminal wrongdoing on
Tuesday and said he will not resign, even though he has already
been indicted for corruption and faces the risk of imminent
arrest.
Read more
ETE trial could hinge on whether tax lawyer acted in good faith
GEORGETOWN, Del., June 21 (Reuters) - The Delaware judge
ruling on the dispute that could scuttle Energy Transfer
Equity's (ETE) takeover of rival pipeline company
Williams Cos Inc said his decision could hinge on
whether Energy Transfer's tax lawyers had been working in good
faith.
Read more
ruling on the dispute that could scuttle Energy Transfer
Equity's (ETE) takeover of rival pipeline company
Williams Cos Inc said his decision could hinge on
whether Energy Transfer's tax lawyers had been working in good
faith.
Read more
UPDATE 1-ICAP offers to sell London oil desks to clear Tullett deal
June 21 (Reuters) - British broker ICAP Plc has
offered to sell its London-based oil desks to address
competition concerns over the merger of its global hybrid voice
broking business with Tullett Prebon Plc, Britain's
competition watchdog said on Tuesday.
Read more
offered to sell its London-based oil desks to address
competition concerns over the merger of its global hybrid voice
broking business with Tullett Prebon Plc, Britain's
competition watchdog said on Tuesday.
Read more
UPDATE 1-Rosneft's Sechin says Saudi Arabia, U.S. and Russia call shots on oil markets
MOSCOW, June 21 (Reuters) - Igor Sechin, the head of
Russia's top oil producer Rosneft, said on Tuesday
that Saudi Arabia, the United States and Russia were the three
main players on global oil markets, dismissing again OPEC's role
as a regulator.
Read more
Russia's top oil producer Rosneft, said on Tuesday
that Saudi Arabia, the United States and Russia were the three
main players on global oil markets, dismissing again OPEC's role
as a regulator.
Read more
Rosneft's Sechin says not talking to Chinese or Indian companies about privatisation
MOSCOW, June 21 (Reuters) - Igor Sechin, the head of
Russia's top oil producer Rosneft, told Rossiya-24 TV
on Tuesday that the company has not held any talks with either
Chinese or Indian companies about the state company's
privatisation.
Read more
Russia's top oil producer Rosneft, told Rossiya-24 TV
on Tuesday that the company has not held any talks with either
Chinese or Indian companies about the state company's
privatisation.
Read more
OPEC's Barkindo says been told that Nigeria's oil production is rising
ABUJA, June 21 (Reuters) - Incoming OPEC Secretary-General
Mohammed Barkindo said on Tuesday that he had been told
Nigeria's oil production is beginning to rise.
Read more
Mohammed Barkindo said on Tuesday that he had been told
Nigeria's oil production is beginning to rise.
Read more
Indian state firms in $3 bln venture to revive mothballed fertilizer plants
NEW DELHI, June 21 (Reuters) - India's cash-rich state coal,
power and oil firms will jointly invest nearly $3 billion to
revive three mothballed fertilizer plants, a government official
said on Tuesday, as the country aims to increase local
production of crop nutrients and cut imports.
Read more
power and oil firms will jointly invest nearly $3 billion to
revive three mothballed fertilizer plants, a government official
said on Tuesday, as the country aims to increase local
production of crop nutrients and cut imports.
Read more
UPDATE 1-California power grid passes first heat wave test amid gas shortage
June 21 (Reuters) - California's power grid passed its first
test of the summer with no rolling blackouts on Monday, when
customers cranked up their air conditioners as temperatures
soared into the triple-digits for the second consecutive day in
some southern parts of the state.
Read more
test of the summer with no rolling blackouts on Monday, when
customers cranked up their air conditioners as temperatures
soared into the triple-digits for the second consecutive day in
some southern parts of the state.
Read more
UPDATE 1-Veteran U.S. diplomat to meet with Venezuelan officials amid crisis
WASHINGTON, June 21 (Reuters) - Veteran U.S. diplomat Tom
Shannon will meet with senior Venezuelan government and
opposition officials in Caracas on Tuesday, a senior State
Department official said, a week after Secretary of State John
Kerry announced he wanted to ease tensions between the two
countries.
Read more
Shannon will meet with senior Venezuelan government and
opposition officials in Caracas on Tuesday, a senior State
Department official said, a week after Secretary of State John
Kerry announced he wanted to ease tensions between the two
countries.
Read more
COLUMN-Global oil demand shows no sign of peaking: Kemp
LONDON, June 21 (Reuters) - "Peak oil demand" has become a
fashionable concept among climate campaigners but the evidence
suggests oil consumption is growing at the fastest rate for a
decade and shows no sign of letting up.
Read more
fashionable concept among climate campaigners but the evidence
suggests oil consumption is growing at the fastest rate for a
decade and shows no sign of letting up.
Read more
Russian PM urges tax support for non-commodities sectors
MAGNITOGORSK, Russia, June 21 (Reuters) - Russia needs to
rebalance tax burden between various sectors of its economy to
stimulate growth in non-commodities sectors, Russian Prime
Minister Dmitry Medvedev told a forum of the United Russia
ruling party on Tuesday.
(Reporting by Darya Korsunskaya; Writing by Dmitry Solovyov;
Editing by Vladimir Soldatkin)
Read more
rebalance tax burden between various sectors of its economy to
stimulate growth in non-commodities sectors, Russian Prime
Minister Dmitry Medvedev told a forum of the United Russia
ruling party on Tuesday.
(Reporting by Darya Korsunskaya; Writing by Dmitry Solovyov;
Editing by Vladimir Soldatkin)
Read more
RPT-COLUMN-India's changing coal imports show quality over quantity: Russell
LAUNCESTON, Australia, June 21 (Reuters) - India's coal
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
Nigeria maintains oil exports despite wave of militant attacks
LONDON, June 21 (Reuters) - Nigeria kept exporting crude oil
at a largely steady pace in May, though below historical levels,
despite repeated militant attacks on its infrastructure that
drove output down to 30-year lows this spring and helped global
prices rise, data showed.
Read more
at a largely steady pace in May, though below historical levels,
despite repeated militant attacks on its infrastructure that
drove output down to 30-year lows this spring and helped global
prices rise, data showed.
Read more
UPDATE 1-EU envoys extend economic sanctions on Russia until end-January - sources
BRUSSELS, June 21 (Reuters) - The European Union's Brussels
envoys agreed on Tuesday to extend until the end of January the
energy, financial and defence sanctions on Russia over the
conflict in Ukraine, diplomatic sources said.
Read more
envoys agreed on Tuesday to extend until the end of January the
energy, financial and defence sanctions on Russia over the
conflict in Ukraine, diplomatic sources said.
Read more
Pakistan shares close lower on profit-taking
KARACHI, June 21 (Reuters) - Pakistan stocks edged down on
profit-taking Tuesday, led lower by oil, cement and bank stocks,
dealers said.
Read more
profit-taking Tuesday, led lower by oil, cement and bank stocks,
dealers said.
Read more
UPDATE 1-Nigeria agrees one-month ceasefire with Delta militants, official says
ABUJA, June 21 (Reuters) - Nigeria has agreed a one-month
ceasefire with militants including the Niger Delta Avengers in
the oil-producing southern region, a petroleum ministry official
said on Tuesday.
Read more
ceasefire with militants including the Niger Delta Avengers in
the oil-producing southern region, a petroleum ministry official
said on Tuesday.
Read more
Tokyo Gas buys Eagle Ford shale stake, despite loss from prior U.S. purchase
TOKYO, June 21 (Reuters) - Tokyo Gas Co said on
Tuesday it has bought a 25 percent stake in an Eagle Ford shale
gas formation, in what could be among the first shale
investments in the United States by a Japanese firm since the
tumble in energy prices.
Read more
Tuesday it has bought a 25 percent stake in an Eagle Ford shale
gas formation, in what could be among the first shale
investments in the United States by a Japanese firm since the
tumble in energy prices.
Read more
Britain's FTSE eases as commodities stocks weigh
LONDON, June 21 (Reuters) - UK shares slipped on Tuesday as
a fall in mining stocks overshadowed two opinion polls which
pointed to the campaign for Britain to remain in the European
Union regaining its lead in the run-up to Thursday's referendum.
Read more
a fall in mining stocks overshadowed two opinion polls which
pointed to the campaign for Britain to remain in the European
Union regaining its lead in the run-up to Thursday's referendum.
Read more
UPDATE 2-Russia beats Saudis for third straight month as China's top crude supplier
BEIJING, June 21 (Reuters) - Russia beat out Saudi Arabia as
China's largest oil supplier in May, customs data showed on
Tuesday, marking the third month in a row the world's biggest
oil producer has topped the world's biggest oil exporter in
feeding China's market.
Read more
China's largest oil supplier in May, customs data showed on
Tuesday, marking the third month in a row the world's biggest
oil producer has topped the world's biggest oil exporter in
feeding China's market.
Read more
Russia beats Saudis for third straight month as China's top crude supplier
BEIJING, June 21 (Reuters) - Russia beat out Saudi Arabia as
China's largest oil supplier in May, customs data showed on
Tuesday, marking the third month in a row the world's biggest
oil producer has topped the world's biggest oil exporter in
feeding China's market.
Read more
China's largest oil supplier in May, customs data showed on
Tuesday, marking the third month in a row the world's biggest
oil producer has topped the world's biggest oil exporter in
feeding China's market.
Read more
COLUMN-India's changing coal imports show quality over quantity: Russell
LAUNCESTON, Australia, June 21 (Reuters) - India's coal
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
UPDATE 5-Wal-Mart rips up China online strategy, starts again with stake in Alibaba rival
* China online grocery market to hit $180 bln by 2020-report
(Recasts throughout, adds analyst comment, context)
Read more
(Recasts throughout, adds analyst comment, context)
Read more
Monday, June 20, 2016
Australia LNG export boom set to defy weak prices - RBA
SYDNEY, June 21 (Reuters) - Australian exports of liquefied
natural gas are likely to grow strongly over the new few years
despite subdued prices for the energy given the massive amount
of money already sunk into projects, a top central bank official
said on Tuesday.
Read more
natural gas are likely to grow strongly over the new few years
despite subdued prices for the energy given the massive amount
of money already sunk into projects, a top central bank official
said on Tuesday.
Read more
Private equity warms up to oil deals with $1 trillion warchest - EY
LONDON, June 21 (Reuters) - The world's private equity
funds, with a cash pile of around $1 trillion, are stepping up
their interest in the oil and gas industry, with almost a half
expecting to buy assets in the sector over the next year, a
survey showed on Tuesday.
Read more
funds, with a cash pile of around $1 trillion, are stepping up
their interest in the oil and gas industry, with almost a half
expecting to buy assets in the sector over the next year, a
survey showed on Tuesday.
Read more
UPDATE 1-BHP Billiton steps up coal output, slices costs, eyes acquisitions
* BHP does not rule out coal acquisitions
(Recasts, adds BHP Minerals Australia president comments)
Read more
(Recasts, adds BHP Minerals Australia president comments)
Read more
China May diesel exports up over 300 pct on year -customs
BEIJING, June 21 (Reuters) - China's diesel exports rose
305.7 percent in May from a year earlier to 1.48 million tonnes,
customs data showed on Tuesday.
Read more
305.7 percent in May from a year earlier to 1.48 million tonnes,
customs data showed on Tuesday.
Read more
BHP Billiton steps up coking coal output, slices costs
MELBOURNE, June 21 (Reuters) - Top global miner BHP Billiton
expects to boost its coal output by 8 percent
over the three years to June 2018, and plans to cut costs by 16
percent over the next year to boost profits in a tough market.
Read more
expects to boost its coal output by 8 percent
over the three years to June 2018, and plans to cut costs by 16
percent over the next year to boost profits in a tough market.
Read more
RPT-COLUMN-Oil prices under pressure as hedge funds adjust positions: Kemp
LONDON, June 21 (Reuters) - Hedge funds cut their net long
position in the main crude futures and options contracts by 63
million barrels, 10 percent, in the week to June 14, as the
rally in oil prices showed signs of running out of steam.
Read more
position in the main crude futures and options contracts by 63
million barrels, 10 percent, in the week to June 14, as the
rally in oil prices showed signs of running out of steam.
Read more
UPDATE 1-Brazil's Samarco, owners hire banks for debt talks -source
SAO PAULO, June 20 (Reuters) - Brazilian mining company
Samarco Mineração SA and owners Vale SA and BHP
Billiton Plc have hired banks to sound out creditors on
a potential renegotiation of $3.8 billion in debt, after a
deadly dam spill led to the shutdown of a key mine, a source
with direct knowledge of the plan said on Monday.
Read more
Samarco Mineração SA and owners Vale SA and BHP
Billiton Plc have hired banks to sound out creditors on
a potential renegotiation of $3.8 billion in debt, after a
deadly dam spill led to the shutdown of a key mine, a source
with direct knowledge of the plan said on Monday.
Read more
UPDATE 3-Exxon Torrance crane collapse shakes refinery operations, sale -sources
HOUSTON, June 20 (Reuters) - A 300-ton crane at a Torrance,
California refinery that Exxon Mobil Corp plans to sell
fell over on to a portion of a gasoline unit at the plant,
industry sources said on Monday.
Read more
California refinery that Exxon Mobil Corp plans to sell
fell over on to a portion of a gasoline unit at the plant,
industry sources said on Monday.
Read more
CANADA STOCKS-TSX broadly higher as oil rises, Brexit fears recede
TORONTO, June 20 (Reuters) - Canada's main stock index rose
on Monday, with financial and energy stocks leading a broad
rally as investors returned to equity markets on rising
expectations that Britain will vote to remain in the European
Union later this week.
Read more
on Monday, with financial and energy stocks leading a broad
rally as investors returned to equity markets on rising
expectations that Britain will vote to remain in the European
Union later this week.
Read more
Tighter rules for Canada energy projects could be seen in 2017
OTTAWA, June 20 (Reuters) - Tighter environmental rules for
Canadian natural resource projects could start coming into force
in 2017, ahead of schedule, an official said on Monday, giving
industry an idea of when to expect the new measures.
Read more
Canadian natural resource projects could start coming into force
in 2017, ahead of schedule, an official said on Monday, giving
industry an idea of when to expect the new measures.
Read more
UPDATE 1-California power grid braces for heat wave, blackout potential
LOS ANGELES, June 20 (Reuters) - California's power grid
operators warned homes and business on Monday to conserve
electricity as rising demand for air conditioning stoked by a
record-setting heat wave across the U.S. Southwest tested the
region's generating capacity.
Read more
operators warned homes and business on Monday to conserve
electricity as rising demand for air conditioning stoked by a
record-setting heat wave across the U.S. Southwest tested the
region's generating capacity.
Read more
UPDATE 1-Williams director felt threatened to back ETE deal -trial
GEORGETOWN, Del., June 20 (Reuters) - A Williams Cos Inc
board member testified she felt pressured by her own
company to support a $20 billion merger with pipeline company
Energy Transfer Equity LP, which ETE lawyers sought to
depict as proof that Williams misrepresented its board's support
for the deal.
Read more
board member testified she felt pressured by her own
company to support a $20 billion merger with pipeline company
Energy Transfer Equity LP, which ETE lawyers sought to
depict as proof that Williams misrepresented its board's support
for the deal.
Read more
UPDATE 1-Vancouver takes legal action to block Kinder Morgan pipeline plan
VANCOUVER, June 20 (Reuters) - The City of Vancouver said on
Monday it had taken legal action against the Canadian energy
regulator's approval of Kinder Morgan's Trans Mountain
pipeline expansion, which would increase the number of oil
tankers passing through city waters.
Read more
Monday it had taken legal action against the Canadian energy
regulator's approval of Kinder Morgan's Trans Mountain
pipeline expansion, which would increase the number of oil
tankers passing through city waters.
Read more
Rival Kremlin camps prepare for battle over economy
ST PETERSBURG, Russia, June 20 (Reuters) - Rival camps
inside President Vladimir Putin's entourage are preparing to do
battle with each other over whether the Russian state should
keep its role as custodian of the economy.
Read more
inside President Vladimir Putin's entourage are preparing to do
battle with each other over whether the Russian state should
keep its role as custodian of the economy.
Read more
U.S. offshore regulator to unveil tougher environmental safeguards
CHICAGO, June 20 (Reuters) - The U.S. government agency
created after the 2010 Deepwater Horizon oil spill plans in
coming weeks to unveil tougher financial requirements for
offshore oil producers aimed at protecting taxpayers from the
risk of cleaning up abandoned oil rigs, an agency executive told
Reuters.
Read more
created after the 2010 Deepwater Horizon oil spill plans in
coming weeks to unveil tougher financial requirements for
offshore oil producers aimed at protecting taxpayers from the
risk of cleaning up abandoned oil rigs, an agency executive told
Reuters.
Read more
Pakistan on track to end power shortages within two years - ADB
ISLAMABAD, June 20 (Reuters) - Pakistan could end energy
rationing within two years, the Asia Development Bank (ADB)
country director for Pakistan said on Monday, adding weight to
government claims that they will end frequent outages in time
for the 2018 elections.
Read more
rationing within two years, the Asia Development Bank (ADB)
country director for Pakistan said on Monday, adding weight to
government claims that they will end frequent outages in time
for the 2018 elections.
Read more
UPDATE 2-Marathon Oil to buy Oklahoma-based PayRock Energy
June 20 (Reuters) - Oil and natgas producer Marathon Oil
Corp said it agreed to buy PayRock Energy Holdings LLC
for $888 million from venture capital firm EnCap Investments,
boosting its presence in the Oklahoma basin.
Read more
Corp said it agreed to buy PayRock Energy Holdings LLC
for $888 million from venture capital firm EnCap Investments,
boosting its presence in the Oklahoma basin.
Read more
INTERVIEW-'BRICS bank' says to issue bonds in members' local currencies
ST PETERSBURG, June 20 (Reuters) - The New Development Bank
(NDB), an infrastructure-focused lender established by the BRICS
emerging economies, plans to issue debt in the local currencies
of its five member countries, the bank's president said.
Read more
(NDB), an infrastructure-focused lender established by the BRICS
emerging economies, plans to issue debt in the local currencies
of its five member countries, the bank's president said.
Read more
Marathon Oil to buy PayRock Energy Holdings for $888 mln
June 20 (Reuters) - Oil and natgas producer Marathon Oil
Corp said on Monday it agreed to buy PayRock Energy
Holdings LLC for $888 million from venture capital firm EnCap
Investments.
Read more
Corp said on Monday it agreed to buy PayRock Energy
Holdings LLC for $888 million from venture capital firm EnCap
Investments.
Read more
UPDATE 1-Indonesia vows to stand firm after skirmishes with Chinese ships
JAKARTA, June 20 (Reuters) - Indonesia is determined to
assert its exclusive right to a corner of the South China Sea
where there has been a run of skirmishes between Indonesian navy
ships and Chinese vessels, the vice-president said on Monday.
Read more
assert its exclusive right to a corner of the South China Sea
where there has been a run of skirmishes between Indonesian navy
ships and Chinese vessels, the vice-president said on Monday.
Read more
Solar plane takes on Atlantic as part of round-the-world bid
NEW YORK, June 20 (Reuters) - An airplane powered solely by
energy from the sun headed across the Atlantic early on Monday,
on one of the longest legs of the first-ever flight around the
globe without using a drop of fuel.
Read more
energy from the sun headed across the Atlantic early on Monday,
on one of the longest legs of the first-ever flight around the
globe without using a drop of fuel.
Read more
Traffic at France's Fos oil port back to normal -terminal operator
PARIS, June 20 (Reuters) - Ship traffic at France's biggest
oil port terminal, Fos-Lavera, was back to normal on Monday
after a four-week strike over a labour reform bill ended late
last week, an official at terminal operator Fluxel said.
Read more
oil port terminal, Fos-Lavera, was back to normal on Monday
after a four-week strike over a labour reform bill ended late
last week, an official at terminal operator Fluxel said.
Read more
With oil price near $50, resilient U.S. shale producers eye new chapter
HOUSTON, June 20 (Reuters) - Two years into the worst oil
price rout in a generation, large and mid-sized U.S. independent
producers are surviving and eyeing growth again as oil nears $50
a barrel, confounding OPEC and Saudi Arabia with their
resiliency.
Read more
price rout in a generation, large and mid-sized U.S. independent
producers are surviving and eyeing growth again as oil nears $50
a barrel, confounding OPEC and Saudi Arabia with their
resiliency.
Read more
Sunday, June 19, 2016
UPDATE 1-Six killed in Mexico during teachers' protest against police
MEXICO CITY, June 19 (Reuters) - Six people were killed and
53 injured in Mexico on Sunday when clashes broke out between
members of a teachers' trade union and police at a protest that
police say had been infiltrated by armed individuals who shot at
officers and threw petrol bombs.
Read more
53 injured in Mexico on Sunday when clashes broke out between
members of a teachers' trade union and police at a protest that
police say had been infiltrated by armed individuals who shot at
officers and threw petrol bombs.
Read more
Three dead, 45 injured as labor union clashes with police in Mexico
MEXICO CITY, June 19 (Reuters) - A violent clash between
members of a dissident teachers' union and police in southern
Mexico on Sunday has left three dead and 45 injured, as law
enforcement attempts to dislodge the protesters from blocking a
local highway.
Read more
members of a dissident teachers' union and police in southern
Mexico on Sunday has left three dead and 45 injured, as law
enforcement attempts to dislodge the protesters from blocking a
local highway.
Read more
UPDATE 1-Storm forms in Gulf of Mexico, heads for Mexico -Hurricane Center
June 19 (Reuters) - A tropical depression formed over the
southwestern Gulf of Mexico on Sunday and was expected to
develop into a tropical storm within 24 hours before moving over
eastern Mexico and the city of Veracruz on Monday.
Read more
southwestern Gulf of Mexico on Sunday and was expected to
develop into a tropical storm within 24 hours before moving over
eastern Mexico and the city of Veracruz on Monday.
Read more
UPDATE 1-President Buhari returns to Nigeria after medical treatment
ABUJA, June 19 (Reuters) - Nigerian President Muhammadu
Buhari arrived back in the capital Abuja on Sunday after a
nearly two-week stay in Britain where he had treatment for an
ear infection and a holiday.
Read more
Buhari arrived back in the capital Abuja on Sunday after a
nearly two-week stay in Britain where he had treatment for an
ear infection and a holiday.
Read more
Storm forms in Gulf of Mexico, heads for Mexico -Hurricane Center
June 19 (Reuters) - A tropical depression formed over the
southwestern Gulf of Mexico on Sunday and was expected to
develop into a tropical storm within 24 hours or less before
moving over eastern Mexico and the city of Veracruz on Monday.
Read more
southwestern Gulf of Mexico on Sunday and was expected to
develop into a tropical storm within 24 hours or less before
moving over eastern Mexico and the city of Veracruz on Monday.
Read more
President Buhari returns to Nigeria after medical treatment
ABUJA, June 19 (Reuters) - Nigerian President Muhammadu
Buhari arrived back in the capital Abuja on Sunday after a
nearly two-week stay in Britain where he had treatment for an
ear infection and a holiday, a Reuters witness said.
Read more
Buhari arrived back in the capital Abuja on Sunday after a
nearly two-week stay in Britain where he had treatment for an
ear infection and a holiday, a Reuters witness said.
Read more
French workers suspend strike at Fos-Lavera oil port - union official
PARIS, June 19 (Reuters) - French CGT union workers have
suspended a four-week strike at the Fos-Lavera oil terminal in
southern France, a union official told Reuters on Sunday.
Read more
suspended a four-week strike at the Fos-Lavera oil terminal in
southern France, a union official told Reuters on Sunday.
Read more
MIDEAST STOCKS-Abu Dhabi banks soar on merger talks; rate rise hits Egypt
DUBAI, June 19 (Reuters) - Shares in Abu Dhabi banks soared
on Sunday after National Bank of Abu Dhabi (NBAD) and
First Gulf Bank (FGB) confirmed they were in merger
talks. Other Gulf stock markets were mixed while an interest
rate increase dragged Egypt down.
Read more
on Sunday after National Bank of Abu Dhabi (NBAD) and
First Gulf Bank (FGB) confirmed they were in merger
talks. Other Gulf stock markets were mixed while an interest
rate increase dragged Egypt down.
Read more
Libyan unity govt condemns attack near eastern oil terminals
BENGHAZI, Libya, June 19 (Reuters) - Libya's U.N.-backed
unity government condemned an attack by a newly-formed militia
group on eastern military forces close to key oil facilities, as
clashes resumed on Sunday for a second day.
Read more
unity government condemned an attack by a newly-formed militia
group on eastern military forces close to key oil facilities, as
clashes resumed on Sunday for a second day.
Read more
Egypt's Suez Canal charging VLCCs coming from the Arabian Gulf $155,000
CAIRO, June 19 (Reuters) - Egypt's Suez Canal Authority has
set new toll rates for oil tankers as part of a six-month
experiment that came into effect on Thursday, it said on its
website.
Read more
set new toll rates for oil tankers as part of a six-month
experiment that came into effect on Thursday, it said on its
website.
Read more
South Africa's Eskom gets new hydro plant fully linked to grid
JOHANNESBURG, June 19 (Reuters) - Eskom hailed a milestone
in its efforts to overcome South Africa's chronic electricity
shortages on Sunday, saying it had linked up the last of four
units at its new Ingula hydro-electric power plant to the grid.
Read more
in its efforts to overcome South Africa's chronic electricity
shortages on Sunday, saying it had linked up the last of four
units at its new Ingula hydro-electric power plant to the grid.
Read more
HeidelbergCement has all regulatory approvals for Italcementi deal
FRANKFURT, June 19 (Reuters) - German cement producer
Heidelbergcement said on Sunday it had obtained all
competition approvals for closing its merger deal with peer
Italcementi after reaching an agreement with the U.S.
Federal Trade Commision (FTC).
Read more
Heidelbergcement said on Sunday it had obtained all
competition approvals for closing its merger deal with peer
Italcementi after reaching an agreement with the U.S.
Federal Trade Commision (FTC).
Read more
Angolan activist calls for president's daughter to step down as oil firm chief
LUANDA, June 18 (Reuters) - Human rights activist Rafael
Marques has asked Angola's Attorney General to revoke the
appointment of Isabel dos Santos as head of Sonangol, accusing
the president of acting unconstitutionally by putting his
daughter in charge of the state energy firm.
Read more
Marques has asked Angola's Attorney General to revoke the
appointment of Isabel dos Santos as head of Sonangol, accusing
the president of acting unconstitutionally by putting his
daughter in charge of the state energy firm.
Read more
Saturday, June 18, 2016
China's Xi highlights Serbia trade as Beijing signs 22 deals
BELGRADE, June 18 (Reuters) - China sought to strengthen its
economic presence in central and eastern Europe on Saturday by
signing 22 agreements on finance and infrastructure with Serbia.
Read more
economic presence in central and eastern Europe on Saturday by
signing 22 agreements on finance and infrastructure with Serbia.
Read more
Brazil plans emergency funds for Rio ahead of Olympics - source
BRASILIA, June 18 (Reuters) - The Brazilian government plans
to transfer 2.9 billion reais ($849 million) in emergency funds
to the state of Rio de Janeiro to pay for infrastructure and
security during the Olympic Games, a government official told
Reuters on Saturday.
Read more
to transfer 2.9 billion reais ($849 million) in emergency funds
to the state of Rio de Janeiro to pay for infrastructure and
security during the Olympic Games, a government official told
Reuters on Saturday.
Read more
Brazil fines Samarco 142 mln reais for damages to protected areas
SAO PAULO, June 17 (Reuters) - Brazil's Environment Ministry
fined mining company Samarco 142 million reais ($41.6 million)
for damages to three protected areas resulting from a tailings
dam burst in November, the ministry said on Friday.
Read more
fined mining company Samarco 142 million reais ($41.6 million)
for damages to three protected areas resulting from a tailings
dam burst in November, the ministry said on Friday.
Read more
Friday, June 17, 2016
Strike at French oil hub near Marseille ends -port management
MARSEILLE, France, June 18 (Reuters) - France's hardline CGT
union ended on Friday a strike that had paralysed traffic for 26
days at the Fos Lavera oil terminals on the Mediterranean, the
country's biggest oil hub, a management official at port
operator Fluxel said.
Read more
union ended on Friday a strike that had paralysed traffic for 26
days at the Fos Lavera oil terminals on the Mediterranean, the
country's biggest oil hub, a management official at port
operator Fluxel said.
Read more
UPDATE 1-Obama, Saudi prince focus on Iraq and Syria in Washington meeting
WASHINGTON, June 17 (Reuters) - President Barack Obama and
the deputy crown prince of Saudi Arabia on Friday discussed ways
to support Iraqis in their fight against Islamic State militants
and the importance of a political transition in war-torn Syria,
the White House said.
Read more
the deputy crown prince of Saudi Arabia on Friday discussed ways
to support Iraqis in their fight against Islamic State militants
and the importance of a political transition in war-torn Syria,
the White House said.
Read more
Speculators boost U.S. natural gas net longs for 3rd week -CFTC
June 17 (Reuters) - U.S. natural gas speculators boosted
their net longs for a third consecutive week, betting prices
will rise as production eases and power demand picks up to
absorb some of the record high amount of fuel left in
inventories after a warm winter.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 27,431 contracts to 81,821 in the week to
June 14, the U.S. Commodity Futures Trading Commission said on
Friday.
Gas futures on the NYMEX averaged $2
Read more
their net longs for a third consecutive week, betting prices
will rise as production eases and power demand picks up to
absorb some of the record high amount of fuel left in
inventories after a warm winter.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 27,431 contracts to 81,821 in the week to
June 14, the U.S. Commodity Futures Trading Commission said on
Friday.
Gas futures on the NYMEX averaged $2
Read more
Obama, Saudi prince focus on Iraq and Syria in Washington meeting
WASHINGTON, June 17 (Reuters) - President Barack Obama and
the deputy crown prince of Saudi Arabia on Friday discussed ways
to support Iraqis in their fight against Islamic State militants
and the importance of a political transition in war-torn Syria,
the White House said.
Read more
the deputy crown prince of Saudi Arabia on Friday discussed ways
to support Iraqis in their fight against Islamic State militants
and the importance of a political transition in war-torn Syria,
the White House said.
Read more
Williams-ETE $20 bln merger heads to courtroom showdown
NEW YORK/WILMINGTON, Del, June 17 (Reuters) - A high-stakes
trial will open on Monday to determine if Dallas billionaire
Kelcy Warren's Energy Transfer Equity can back out of a
$20 billion agreement to buy rival pipeline operator Williams
Cos Inc.
Read more
trial will open on Monday to determine if Dallas billionaire
Kelcy Warren's Energy Transfer Equity can back out of a
$20 billion agreement to buy rival pipeline operator Williams
Cos Inc.
Read more
Potential Boeing Iran sale faces opposition in U.S. Congress
WASHINGTON, June 17 (Reuters) - Two senior Republican House
of Representatives lawmakers said on Friday they were concerned
that Boeing Co's reported plans to sell aircraft to Iran
could threaten U.S. national security and had requested more
information from the company.
Read more
of Representatives lawmakers said on Friday they were concerned
that Boeing Co's reported plans to sell aircraft to Iran
could threaten U.S. national security and had requested more
information from the company.
Read more
Chinese president visits Serbia, trade deals to be signed
BELGRADE, June 17 (Reuters) - Serbia and China are set to
sign at least 20 trade and investment deals this weekend during
a visit by President Xi Jinping, as the cash-strapped Balkan
country seeks funds for infrastructure projects to spur growth.
Read more
sign at least 20 trade and investment deals this weekend during
a visit by President Xi Jinping, as the cash-strapped Balkan
country seeks funds for infrastructure projects to spur growth.
Read more
Russneft says may sell up to 10 pct in Moscow IPO -Interfax
MOSCOW, June 17 (Reuters) - Russia's Russneft is considering
an initial pubic offering to sell up to 10 percent of the
mid-sized oil producer, Interfax news agency reported on Friday
citing company boss Mikhail Gutseriyev.
Read more
an initial pubic offering to sell up to 10 percent of the
mid-sized oil producer, Interfax news agency reported on Friday
citing company boss Mikhail Gutseriyev.
Read more
Clean energy for poorest starved of investment - researchers
BARCELONA, June 17 (Thomson Reuters Foundation) - Only a
tiny fraction of climate change funding is going into
small-scale solar, biogas and other off-grid systems that may be
the best way to get power to the world's poorest, researchers
say.
Read more
tiny fraction of climate change funding is going into
small-scale solar, biogas and other off-grid systems that may be
the best way to get power to the world's poorest, researchers
say.
Read more
UPDATE 3-Crude oil prices rise for first time in seven days
* Oil majors put smaller refineries on auction block
(Updates throughout, adds comment; changes dateline from TOKYO)
Read more
(Updates throughout, adds comment; changes dateline from TOKYO)
Read more
Japan's Idemitsu Kosan, Showa Shell to merge on April 1
TOKYO, June 17 (Reuters) - Japanese refiner Idemitsu Kosan
Co and smaller rival Showa Shell Sekiyu will
merge on April 1 next year, the two companies said on Friday.
Read more
Co and smaller rival Showa Shell Sekiyu will
merge on April 1 next year, the two companies said on Friday.
Read more
UPDATE 1-Sinopec serves $5.5 bln arbitration notice to Repsol
MADRID, June 17 (Reuters) - Chinese energy conglomerate
Sinopec has served an arbitration notice to Spain's
Repsol demanding around $5.5 billion in compensation
over a 2012 joint venture, Repsol said on Friday.
Read more
Sinopec has served an arbitration notice to Spain's
Repsol demanding around $5.5 billion in compensation
over a 2012 joint venture, Repsol said on Friday.
Read more
Australia, NZ shares in holding pattern as Brexit risk looms
SYDNEY/WELLINGTON, June 17 (Reuters) - Australian shares
edged up on Friday after three sessions of declines but were
still on track to post one of their worst weekly performances
this year.
Read more
edged up on Friday after three sessions of declines but were
still on track to post one of their worst weekly performances
this year.
Read more
RPT-Sun-powered phone charger gives migrants in Greece free electricity
LESBOS, Greece, June 16 (Reuters) - For refugees and
migrants stuck in Greece, a smartphone is a lifeline -- as long
as its battery lasts.
Read more
migrants stuck in Greece, a smartphone is a lifeline -- as long
as its battery lasts.
Read more
Thursday, June 16, 2016
China investment in French grid would be sensitive issue -RTE chief
NANTES, France, June 17 (Reuters) - A Chinese investment in
France's high-voltage network would be a sensitive issue and
utility EDF's grid unit, RTE, is not in talks with Chinese
counterpart China State Grid, as part of a plan to open its
capital, RTE's chief executive said on Thursday.
Read more
France's high-voltage network would be a sensitive issue and
utility EDF's grid unit, RTE, is not in talks with Chinese
counterpart China State Grid, as part of a plan to open its
capital, RTE's chief executive said on Thursday.
Read more
UPDATE 4-Workers at four Atlantic City casinos vote to strike
June 16 (Reuters) - Workers at four casinos in Atlantic
City, New Jersey's gambling hub, voted overwhelmingly on
Thursday to authorize a strike if they are not offered what they
consider to be a fair contract by the start of the busy July 4
holiday weekend.
Read more
City, New Jersey's gambling hub, voted overwhelmingly on
Thursday to authorize a strike if they are not offered what they
consider to be a fair contract by the start of the busy July 4
holiday weekend.
Read more
Obama to meet Saudi deputy crown prince on Friday- White House
ABOARD AIR FORCE ONE, June 16 (Reuters) - President Barack
Obama will meet with Saudi Arabia's powerful deputy crown prince
on Friday and the two are expected to discuss conflicts in the
Middle East including the campaign against Islamic State, a
White House spokesman said on Thursday.
Read more
Obama will meet with Saudi Arabia's powerful deputy crown prince
on Friday and the two are expected to discuss conflicts in the
Middle East including the campaign against Islamic State, a
White House spokesman said on Thursday.
Read more
UPDATE 1-Brazil's Temer denies graft links, pledges fiscal focus
BRASILIA, June 16 (Reuters) - Brazil's interim President
Michel Temer dismissed graft allegations against him as
dishonest and reckless, pledging in a national address on
Thursday that his government would not be distracted from fiscal
reforms aimed at reviving the economy.
Read more
Michel Temer dismissed graft allegations against him as
dishonest and reckless, pledging in a national address on
Thursday that his government would not be distracted from fiscal
reforms aimed at reviving the economy.
Read more
UPDATE 1-Total explores partnership for Port Arthur refinery logistics assets
PARIS, June 16 (Reuters) - French oil and gas company Total
said it had been in talks in the last year with
potential investors for the logistics side of its Port Arthur
refinery in the United States.
Read more
said it had been in talks in the last year with
potential investors for the logistics side of its Port Arthur
refinery in the United States.
Read more
French govt steps in as unions, employers spar over jobless benefit
PARIS, June 16 (Reuters) - France's government stepped in to
ensure payment of unemployment benefit on Thursday after talks
aimed at securing rollover funds before a June 30 deadline
collapsed, signalling further deterioration in fraught relations
between unions and employers.
Read more
ensure payment of unemployment benefit on Thursday after talks
aimed at securing rollover funds before a June 30 deadline
collapsed, signalling further deterioration in fraught relations
between unions and employers.
Read more
Kremlin oil boss says U.S. elections creating energy market uncertainty
ST PETERSBURG, Russia, June 16 (Reuters) - The head of
Kremlin oil major Rosneft Igor Sechin said on Thursday
the development of the U.S. oil industry was at a cross roads
due to the country's upcoming presidential election, thus
creating risks for the global economy.
Read more
Kremlin oil major Rosneft Igor Sechin said on Thursday
the development of the U.S. oil industry was at a cross roads
due to the country's upcoming presidential election, thus
creating risks for the global economy.
Read more
Merkel says Nord Stream not dependent on lifting of Russian sanctions
BERLIN, June 16 (Reuters) - German Chancellor Angela Merkel
said on Thursday that a lifting of European Union sanctions
against Russia did not depend on plans of the Nord Stream
project led by state gas giant Gazprom.
Read more
said on Thursday that a lifting of European Union sanctions
against Russia did not depend on plans of the Nord Stream
project led by state gas giant Gazprom.
Read more
CORRECTED-UPDATE 1-Court orders Bulgaria to pay Russia over cancelled nuclear project: minister
SOFIA, June 16 (Reuters) - An arbitration court has ruled
that Bulgarian state energy firm NEK should pay nearly 550
million euros ($620 million) in compensation to Russia's
Atomstroyexport for a cancelled nuclear power project,
Bulgaria's energy minister said on Thursday.
Read more
that Bulgarian state energy firm NEK should pay nearly 550
million euros ($620 million) in compensation to Russia's
Atomstroyexport for a cancelled nuclear power project,
Bulgaria's energy minister said on Thursday.
Read more
UPDATE 1-EU's Juncker defends attendance at Russia forum, says talks vital
ST PETERSBURG, Russia, June 16 (Reuters) - European
Commission President Jean-Claude Juncker defended his decision
to attend an economic forum in Russia on Thursday, saying it was
common sense to talk to Moscow despite lingering tensions over
the Ukraine crisis.
Read more
Commission President Jean-Claude Juncker defended his decision
to attend an economic forum in Russia on Thursday, saying it was
common sense to talk to Moscow despite lingering tensions over
the Ukraine crisis.
Read more
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