ANKARA, Aug 1 (Reuters) - Iran's Oil Minister says the oil
market is oversupplied but predicted balance between demand and
supply to be restored, Iranian state television reported.
Read more
Sunday, July 31, 2016
UPDATE 1-Iran says crude market oversupplied, balance expected to be restored - TV
ANKARA, Aug 1 (Reuters) - Iran's Oil Minister says the oil
market is oversupplied but predicts balance between demand and
supply will be restored, Iranian state television reported on
Monday.
Read more
market is oversupplied but predicts balance between demand and
supply will be restored, Iranian state television reported on
Monday.
Read more
Australia shares hit near 1-yr peak on RBA easing hopes
SYDNEY/WELLINGTON, Aug 1 (Reuters) - Australian shares
rallied to a near one-year peak on Monday, with gains across the
board as growing speculation of a rate cut by the Reserve Bank
of Australia (RBA) kept investors bullish in the lead-up to
earnings season.
Read more
rallied to a near one-year peak on Monday, with gains across the
board as growing speculation of a rate cut by the Reserve Bank
of Australia (RBA) kept investors bullish in the lead-up to
earnings season.
Read more
UPDATE 2-Tesla, SolarCity set to announce merger on Monday -sources
July 31 (Reuters) - Tesla Motors Inc and SolarCity
Corp could announce they have agreed to merge as early
as Monday, people familiar with the matter said, setting the
stage for a campaign to convince the two companies' shareholders
to back the deal.
Read more
Corp could announce they have agreed to merge as early
as Monday, people familiar with the matter said, setting the
stage for a campaign to convince the two companies' shareholders
to back the deal.
Read more
Tesla, SolarCity set to announce merger on Monday -sources
July 31 (Reuters) - Tesla Motors Inc and SolarCity
Corp could announce they have agreed to merge as early
as Monday, according to people familiar with the matter.
Read more
Corp could announce they have agreed to merge as early
as Monday, according to people familiar with the matter.
Read more
RPT-COLUMN-La Nina set to boost U.S. winter heating oil demand: Kemp
LONDON, July 29 (Reuters) - Middle distillates remain the
one ray of hope for U.S. oil refiners still struggling to clear
a glut of gasoline caused by over-production earlier in the
year.
Read more
one ray of hope for U.S. oil refiners still struggling to clear
a glut of gasoline caused by over-production earlier in the
year.
Read more
INSIGHT-"Give them a bloody nose": Xi pressed for stronger S.China Sea response
BEIJING, Aug 1 (Reuters) - China's leadership is resisting
pressure from elements within the military for a more forceful
response to an international court ruling against Beijing's
claims in the South China Sea, sources said, wary of provoking a
clash with the United States.
Read more
pressure from elements within the military for a more forceful
response to an international court ruling against Beijing's
claims in the South China Sea, sources said, wary of provoking a
clash with the United States.
Read more
Libya's NOC welcomes 'unconditional' opening of ports, aims for 900,000 bpd by year end
TRIPOLI, July 31 (Reuters) - Libya's state oil company said
on Sunday it welcomed the "unconditional" reopening of blockaded
oil ports following a deal between the U.N.-backed government
and the Petroleum Facilities Guard.
Read more
on Sunday it welcomed the "unconditional" reopening of blockaded
oil ports following a deal between the U.N.-backed government
and the Petroleum Facilities Guard.
Read more
India's IOC to cut diesel prices by 3.7 pct from Monday
MUMBAI, July 31 (Reuters) - Indian Oil Corp (IOC)
will cut the price of diesel by 3.7 percent from Monday and that
of gasoline by 2.3 percent, reflecting changes in global fuel
prices, the company said in a statement.
Read more
will cut the price of diesel by 3.7 percent from Monday and that
of gasoline by 2.3 percent, reflecting changes in global fuel
prices, the company said in a statement.
Read more
UPDATE 1-Bangladesh fuel oil tender attracts lower premiums than term deals
* No plans for more fuel oil imports this year through term
deals
(Adds details on BPC's fuel oil purchases, background)
Read more
deals
(Adds details on BPC's fuel oil purchases, background)
Read more
UPDATE 2-Militants attack two energy plants in north Iraq, kill at least four
KIRKUK, Iraq, July 31 (Reuters) - Militants stormed two
energy facilities in northern Iraq on Sunday, shooting at least
four workers and detonating explosives that sent flames into the
sky, security sources said.
Read more
energy facilities in northern Iraq on Sunday, shooting at least
four workers and detonating explosives that sent flames into the
sky, security sources said.
Read more
Bangladesh gets lower than term deals in fuel oil tender
DHAKA, July 31 (Reuters) - Bangladesh Petroleum Corp (BPC)
has received offers in its first tender to buy fuel oil at
premiums lower that its term deals, two company sources said on
Sunday.
Read more
has received offers in its first tender to buy fuel oil at
premiums lower that its term deals, two company sources said on
Sunday.
Read more
Militants attack second energy facility in northern Iraq -security sources
BAGHDAD, July 31 (Reuters) - Militants in northern Iraq
stormed an oil facility on Sunday and detonated explosives at an
oil storage tank, sending flames into the sky, security sources
said.
Read more
stormed an oil facility on Sunday and detonated explosives at an
oil storage tank, sending flames into the sky, security sources
said.
Read more
Saturday, July 30, 2016
Militants storm Iraq gas compressor station - security sources
KIRKUK, Iraq, July 31 (Reuters) - Suicide bombers stormed a
gas facility in northern Iraq on Sunday and clashing with police
guards, security sources said.
Read more
gas facility in northern Iraq on Sunday and clashing with police
guards, security sources said.
Read more
Nine people found dead near Pemex pipelines in western Mexico
MEXICO CITY, July 30 (Reuters) - The state prosecutor's
office in Mexico's western state of Michoacan said on Saturday
that nine people were found dead near Pemex pipelines in the
municipality of Cuitzeo.
Read more
office in Mexico's western state of Michoacan said on Saturday
that nine people were found dead near Pemex pipelines in the
municipality of Cuitzeo.
Read more
UNICEF pledges continued aid effort in Nigeria after convey attack
LAGOS, July 30 (Reuters) - United Nations children's agency
UNICEF said it is continuing its aid work in northeastern
Nigeria, a former stronghold of Islamist militant group Boko
Haram, despite an attack on a humanitarian convoy earlier this
week.
Read more
UNICEF said it is continuing its aid work in northeastern
Nigeria, a former stronghold of Islamist militant group Boko
Haram, despite an attack on a humanitarian convoy earlier this
week.
Read more
UPDATE 2-UK's May worried by China investment, intervened to delay Hinkley
LONDON, July 30 (Reuters) - British Prime Minister Theresa
May was concerned about the security implications of a planned
Chinese investment in the new Hinkley Point nuclear plant and
intervened personally to delay the project, a former colleague
and a source said on Saturday.
Read more
May was concerned about the security implications of a planned
Chinese investment in the new Hinkley Point nuclear plant and
intervened personally to delay the project, a former colleague
and a source said on Saturday.
Read more
FEATURE-Still waters: U.S. to crack down on ocean noise that harms fish
WASHINGTON, July 30 (Reuters) - The ocean has gotten noisier
for decades, with man-made racket from oil drilling, shipping
and construction linked to signs of stress in marine life that
include beached whales and baby crabs with scrambled
navigational signals.
Read more
for decades, with man-made racket from oil drilling, shipping
and construction linked to signs of stress in marine life that
include beached whales and baby crabs with scrambled
navigational signals.
Read more
UK's May was unhappy with Chinese investment, Hinkley project - former colleague
LONDON, July 30 (Reuters) - Theresa May was unhappy with the
"gung-ho" approach her predecessor took to Chinese investment in
Britain, a former colleague said on Saturday, after the new
British prime minister cast into doubt a high-profile
Chinese-funded nuclear project.
Read more
"gung-ho" approach her predecessor took to Chinese investment in
Britain, a former colleague said on Saturday, after the new
British prime minister cast into doubt a high-profile
Chinese-funded nuclear project.
Read more
Friday, July 29, 2016
U.S. allows American-made planes to be flown to Iran
WASHINGTON, July 29 (Reuters) - The United States said on
Friday it would allow foreign airlines to fly U.S.-made aircraft
to Iran, providing greater assurance to aviation companies as
Iran tries to re-establish trade and business links following
the lifting of sanctions.
Read more
Friday it would allow foreign airlines to fly U.S.-made aircraft
to Iran, providing greater assurance to aviation companies as
Iran tries to re-establish trade and business links following
the lifting of sanctions.
Read more
CANADA STOCKS-TSX gains on resource rebound; posts small weekly loss
TORONTO, July 29 (Reuters) - Canada's main stock index rose
on Friday, as its large energy sector recouped some losses from
earlier in the week with oil prices steadying, and miners gained
with gold trading at a three-week high.
Read more
on Friday, as its large energy sector recouped some losses from
earlier in the week with oil prices steadying, and miners gained
with gold trading at a three-week high.
Read more
UPDATE 1-Speculators cut U.S. natgas net longs for 2nd week in a row -CFTC
(Adds details on gas futures, background)
July 29 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in a row, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 2,609 contracts to 88,939 in the week to
July 26, the U.S. Commodity Futures Trading Commission said on
Friday. That is the lowest level
Read more
Speculators cut U.S. natgas net longs for 2nd week in a row-CFTC
July 29 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in a row, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 2,609 contracts to 88,939 in the week to
July 26, the U.S. Commodity Futures Trading Commission said on
Friday.
(Reporting by Scott DiSavino; Editing by Bill Rigby)
Read more
net long positions for a second week in a row, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 2,609 contracts to 88,939 in the week to
July 26, the U.S. Commodity Futures Trading Commission said on
Friday.
(Reporting by Scott DiSavino; Editing by Bill Rigby)
Read more
WRAPUP 5-Inventory reduction curbs U.S. economic growth; rebound expected
WASHINGTON, July 29 (Reuters) - U.S. economic growth
unexpectedly remained tepid in the second quarter as inventories
fell for the first time in nearly five years and business
investment weakened further, offsetting robust consumer
spending.
Read more
unexpectedly remained tepid in the second quarter as inventories
fell for the first time in nearly five years and business
investment weakened further, offsetting robust consumer
spending.
Read more
UPDATE 1-U.S. oil drillers add the most rigs in a month in over 2 years -Baker Hughes
July 29 (Reuters) - U.S. drillers this week added oil rigs
for a fifth consecutive week as part of the biggest monthly rig
count increase in over two years, Baker Hughes Inc said
on Friday.
Read more
for a fifth consecutive week as part of the biggest monthly rig
count increase in over two years, Baker Hughes Inc said
on Friday.
Read more
UPDATE 1-Temer says Brazil on track to restore investment, credibility
BRASILIA, July 29 (Reuters) - Interim President Michel Temer
said on Friday that the end of the impeachment trial of
suspended President Dilma Rousseff, expected next month, will
boost investment in Brazil as his administration strives to
restore the country's credit standing.
Read more
said on Friday that the end of the impeachment trial of
suspended President Dilma Rousseff, expected next month, will
boost investment in Brazil as his administration strives to
restore the country's credit standing.
Read more
U.S. oil drillers add rigs for fifth week in a row -Baker Hughes
July 29 (Reuters) - U.S. drillers this week added oil rigs
for a fifth consecutive week, Baker Hughes Inc said on
Friday, but the oilfield services provider and some analysts
cast doubts on a substantial recovery in drilling this year with
crude prices heading for their biggest monthly loss in a year.
Read more
for a fifth consecutive week, Baker Hughes Inc said on
Friday, but the oilfield services provider and some analysts
cast doubts on a substantial recovery in drilling this year with
crude prices heading for their biggest monthly loss in a year.
Read more
UPDATE 1-U.S. banks dialed back risky loans early this year-regulators
WASHINGTON, July 29 (Reuters) - U.S. banks are weighed down
by loans to the struggling energy industry but underwriting
standards improved early this year, according to a report on
Friday from leading bank regulators.
Read more
by loans to the struggling energy industry but underwriting
standards improved early this year, according to a report on
Friday from leading bank regulators.
Read more
UPDATE 1-Libya government, oil guards reach deal to reopen ports
BENGHAZI, Libya, July 29 (Reuters) - Libya's government has
reached a deal with an armed brigade controlling the Ras Lanuf
and Es Sider oil ports to end a blockade and restart exports
from the major terminals shut down since December 2014,
officials said.
Read more
reached a deal with an armed brigade controlling the Ras Lanuf
and Es Sider oil ports to end a blockade and restart exports
from the major terminals shut down since December 2014,
officials said.
Read more
OPEC oil output set to reach record high in July - survey
LONDON, July 29 (Reuters) - OPEC's oil output is likely in
July to reach its highest in recent history, a Reuters survey
found on Friday, as Iraq pumps more and Nigeria manages to
export additional crude despite militant attacks on oil
installations.
Read more
July to reach its highest in recent history, a Reuters survey
found on Friday, as Iraq pumps more and Nigeria manages to
export additional crude despite militant attacks on oil
installations.
Read more
CANADA STOCKS-TSX falls, dragged by energy; on track for weekly loss
TORONTO, July 29 (Reuters) - Canada's main stock index fell
on Friday as economic data and energy earnings highlighted the
damage done by a massive wildfire that hit oil sands production
starting in May, with the index headed for its first weekly
decline since mid-June.
Read more
on Friday as economic data and energy earnings highlighted the
damage done by a massive wildfire that hit oil sands production
starting in May, with the index headed for its first weekly
decline since mid-June.
Read more
UPDATE 1-Imperial Oil posts loss due to impact of Alberta wildfires
July 29(Reuters) - Imperial Oil Ltd, Canada's No.2
integrated oil producer and refiner, reported a quarterly loss
due to the impact of wildfires in Fort McMurray, Alberta.
Read more
integrated oil producer and refiner, reported a quarterly loss
due to the impact of wildfires in Fort McMurray, Alberta.
Read more
Exxon Mobil profit tumbles 59 pct in 2nd quarter
HOUSTON, July 29 (Reuters) - Exxon Mobil Corp, the
world's largest publicly traded oil producer, said on Friday its
quarterly profit tumbled 59 percent due to the slump in crude
prices.
Read more
world's largest publicly traded oil producer, said on Friday its
quarterly profit tumbled 59 percent due to the slump in crude
prices.
Read more
Imperial Oil posts loss, hurt by wildfires in Alberta
July 29(Reuters) - Imperial Oil Ltd, Canada's No.2
integrated oil producer and refiner, reported a quarterly loss
due to the impact of wildfires in Fort McMurray, Alberta.
Read more
integrated oil producer and refiner, reported a quarterly loss
due to the impact of wildfires in Fort McMurray, Alberta.
Read more
U.S. refiner Phillips 66 reports 51 pct fall in quarterly profit
July 29 (Reuters) - U.S. refiner Phillips 66's
quarterly profit more than halved as earnings from its refining
business were compressed by record supplies of gasoline and
diesel.
Read more
quarterly profit more than halved as earnings from its refining
business were compressed by record supplies of gasoline and
diesel.
Read more
UPDATE 3-Oil faces big monthly loss as oversupply bites
* Goldman Sachs expects low oil prices into 2017
(Updates throughout, changes dateline previous SINGAPORE)
Read more
(Updates throughout, changes dateline previous SINGAPORE)
Read more
UPDATE 2-Statoil buys Petrobras assets in Carcará oil discovery for $2.5 bln
OSLO, July 29 (Reuters) - Norwegian oil major Statoil ASA
said on Friday it had agreed to buy Petrobras'
66 pct operated interest in the BM-S-8 offshore
licence in Brazil's Santos basin for $2.5 billion.
Read more
said on Friday it had agreed to buy Petrobras'
66 pct operated interest in the BM-S-8 offshore
licence in Brazil's Santos basin for $2.5 billion.
Read more
UPDATE 1-Britain to review EDF's Hinkley Point nuclear energy plan
LONDON, July 29 (Reuters) - Britain is to launch a new
review into a project led by French energy company EDF
to build two new nuclear reactors, which would be the country's
first new nuclear plant in decades.
Read more
review into a project led by French energy company EDF
to build two new nuclear reactors, which would be the country's
first new nuclear plant in decades.
Read more
Thursday, July 28, 2016
Asia's June Iran oil imports jump 47.1 pct y/y to more than 4-year high
* Asian June imports at 1.72 mln bpd, highest since 2011
* Imports by China, India, Japan, South Korea rise
* Japan, South Korea imports more than double
By Osamu Tsukimori
TOKYO, July 29 (Reuters) - Imports of Iranian oil by four
major buyers in Asia in June jumped 47.1 percent from a year ago
to the highest level in more than four years, evidence Tehran's
aggressive moves to recoup market share, lost under
international sanctions, is paying off.
Iran is regaining market sh
Read more
* Imports by China, India, Japan, South Korea rise
* Japan, South Korea imports more than double
By Osamu Tsukimori
TOKYO, July 29 (Reuters) - Imports of Iranian oil by four
major buyers in Asia in June jumped 47.1 percent from a year ago
to the highest level in more than four years, evidence Tehran's
aggressive moves to recoup market share, lost under
international sanctions, is paying off.
Iran is regaining market sh
Read more
RPT-WRAPUP 1-Oil industry suppliers see light at the end of the tunnel
OSLO/MILAN, July 28 (Reuters) - European suppliers to the
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
WRAPUP 2-Singapore bank concerns grow on oil and gas sector as DBS reports Swiber exposure
* Both report flat-to-lower net interest income
(Adds DBS exposure to Swiber, analyst comment)
Read more
(Adds DBS exposure to Swiber, analyst comment)
Read more
UPDATE 1-Brazil's Petrobras in talks to sell assets to Mexico's Alpek
SAO PAULO, July 28 (Reuters) - Brazil's state-run oil
company Petroleo Brasileiro SA said in a statement on
Thursday it is in exclusive talks for 60 days with Mexico's
Alpek over the potential sale of PetroquimicaSuape
and Citepe assets in Brazil's northeast.
Read more
company Petroleo Brasileiro SA said in a statement on
Thursday it is in exclusive talks for 60 days with Mexico's
Alpek over the potential sale of PetroquimicaSuape
and Citepe assets in Brazil's northeast.
Read more
UPDATE 2-UN suspends aid in Nigeria's Borno state after attack on convoy
UNITED NATIONS, July 28 (Reuters) - The United Nations has
temporarily suspended aid deliveries in Nigeria's northeastern
state of Borno, the former stronghold of jihadists Boko Haram,
after a humanitarian convoy was attacked, the U.N. children's
agency UNICEF said on Thursday.
Read more
temporarily suspended aid deliveries in Nigeria's northeastern
state of Borno, the former stronghold of jihadists Boko Haram,
after a humanitarian convoy was attacked, the U.N. children's
agency UNICEF said on Thursday.
Read more
RPT-Pioneer says some U.S. fracking costs competitive with Saudis
HOUSTON, July 28 (Reuters) - Improved fracking techniques
have helped cut Pioneer Natural Resources Co's
production costs in the Permian Basin to about $2 a barrel, low
enough to compete with oil rival Saudi Arabia, CEO Scott
Sheffield said on Thursday.
Read more
have helped cut Pioneer Natural Resources Co's
production costs in the Permian Basin to about $2 a barrel, low
enough to compete with oil rival Saudi Arabia, CEO Scott
Sheffield said on Thursday.
Read more
REFILE-CORRECTED-N. American forests not the climate change remedy hoped for - study
NEW YORK, July 20 (Thomson Reuters Foundation) - North
American forests will not fight climate change by absorbing
carbon dioxide at levels once hoped for because the trees may
not grow big enough, a study said on Wednesday.
Read more
American forests will not fight climate change by absorbing
carbon dioxide at levels once hoped for because the trees may
not grow big enough, a study said on Wednesday.
Read more
Fourteen civilians killed in air strikes in Iraq, Syria: U.S. military
WASHINGTON, July 28 (Reuters) - Fourteen civilians were
killed and another was injured in six U.S. air strikes against
al Qaeda and Islamic State targets in Iraq and Syria between
July 28 last year and April 29 this year, the U.S. military said
on Thursday.
Read more
killed and another was injured in six U.S. air strikes against
al Qaeda and Islamic State targets in Iraq and Syria between
July 28 last year and April 29 this year, the U.S. military said
on Thursday.
Read more
UPDATE 3-Potash Corp cuts dividend, profit forecast again; shares fall
July 28 (Reuters) - Potash Corp of Saskatchewan
, the world's biggest fertilizer company by capacity, cut
its full-year profit forecast and dividend for the second time
this year on Thursday, and said that potash markets had bottomed
out.
Read more
, the world's biggest fertilizer company by capacity, cut
its full-year profit forecast and dividend for the second time
this year on Thursday, and said that potash markets had bottomed
out.
Read more
WRAPUP 1-Oil industry suppliers see light at the end of the tunnel
OSLO/MILAN, July 28 (Reuters) - European suppliers to the
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
UPDATE 1-Moncler's CEO to reduce stake as two new investors arrive
MILAN, July 28 (Reuters) - Moncler's Chief
Executive Remo Ruffini, who engineered the renaissance of the
Italian skiwear brand, is set to reduce his stake in the company
to make way for two new institutional investors.
Read more
Executive Remo Ruffini, who engineered the renaissance of the
Italian skiwear brand, is set to reduce his stake in the company
to make way for two new institutional investors.
Read more
Calif. power grid extends call for conservation during heat wave
July 28 (Reuters) - California's power grid operator
extended its call for consumers to conserve electricity into
Thursday as a heat wave continued to bake the state, especially
the inland cities.
Read more
extended its call for consumers to conserve electricity into
Thursday as a heat wave continued to bake the state, especially
the inland cities.
Read more
UPDATE 2-Profits at Finnish refiner Neste send shares to record high
HELSINKI, July 28 (Reuters) - State-controlled Finnish
refiner Neste more than tripled its second-quarter
profit due to strong margins at its conventional oil products
and renewables business, lifting its shares to record highs.
Read more
refiner Neste more than tripled its second-quarter
profit due to strong margins at its conventional oil products
and renewables business, lifting its shares to record highs.
Read more
UPDATE 2-Marathon Petroleum profit tops estimates as costs fall
July 28 (Reuters) - Marathon Petroleum Corp posted a
better-than-expected quarterly profit, helped by lower operating
costs and robust demand for gasoline during the summer driving
season.
Read more
better-than-expected quarterly profit, helped by lower operating
costs and robust demand for gasoline during the summer driving
season.
Read more
UPDATE 2-Brazil's Vale 2nd-qtr profit falls 34 pct, beats outlook
RIO DE JANEIRO, July 28 (Reuters) - Brazilian mining company
Vale SA said on Thursday that second-quarter
net income fell 34 percent as provisions for potential losses
from the burst dam at its Samarco subsidiary and higher taxes
undermined productivity gains.
Read more
Vale SA said on Thursday that second-quarter
net income fell 34 percent as provisions for potential losses
from the burst dam at its Samarco subsidiary and higher taxes
undermined productivity gains.
Read more
National Oilwell reports quarterly loss
July 28 (Reuters) - National Oilwell Varco Inc, the
largest U.S. oilfield equipment provider, reported a quarterly
loss, compared with a year-earlier profit, due to lower demand
amid reduced drilling activity.
Read more
largest U.S. oilfield equipment provider, reported a quarterly
loss, compared with a year-earlier profit, due to lower demand
amid reduced drilling activity.
Read more
UPDATE 2-Canadian miner Teck posts surprise profit as costs fall
July 28 (Reuters) - Canadian miner Teck Resources Ltd
reported a surprise quarterly profit as its
costs declined.
Read more
reported a surprise quarterly profit as its
costs declined.
Read more
UPDATE 4-Oil holds near three-month lows as oversupply weighs
* Falling China rail freight points to weak economy
(Updates detail, prices, comment; paragraphs 2 and 13)
Read more
(Updates detail, prices, comment; paragraphs 2 and 13)
Read more
FTSE edges down from 1-year high, earnings weigh
LONDON, July 28 (Reuters) - Britain's top share index dipped
on Thursday after hitting a one-year high in the previous
session, with Smith & Nephew and Royal Dutch Shell falling after
poorly received trading updates.
Read more
on Thursday after hitting a one-year high in the previous
session, with Smith & Nephew and Royal Dutch Shell falling after
poorly received trading updates.
Read more
UPDATE 1-Weir CEO to step down; H1 pretax profit falls 25 pct
July 28 (Reuters) - Pipe and valve maker Weir Group Plc
said Chief Executive Keith Cochrane would step down,
and reported a 25 percent fall in pretax profit as oil and gas
companies cut spending to counter weak commodity prices.
Read more
said Chief Executive Keith Cochrane would step down,
and reported a 25 percent fall in pretax profit as oil and gas
companies cut spending to counter weak commodity prices.
Read more
WRAPUP 1-Singapore banks' concerns grow about oil and gas sector exposure
* Singapore oilfield services firm Swiber says to liquidate
(Wraps up OCBC and UOB results; adds oil & gas sector exposure
and Swiber announcement)
Read more
(Wraps up OCBC and UOB results; adds oil & gas sector exposure
and Swiber announcement)
Read more
RPT-Total meets costs savings target early as oil rebound helps Q2 profits
PARIS, July 28 (Reuters) - French oil and gas company Total
said it had met its cost saving target ahead of
schedule as it reported a better-than-expected rise in second
quarter net profit led by increased output and a rebound in oil
prices.
Read more
said it had met its cost saving target ahead of
schedule as it reported a better-than-expected rise in second
quarter net profit led by increased output and a rebound in oil
prices.
Read more
UPDATE 1-Technip upgrades 2016 target, costs savings ahead of schedule
PARIS, July 28 (Reuters) - French oil services company
Technip said on Thursday plans to cut spending due to
the fall in oil prices were ahead of schedule as it reported
better-than-expected second quarter revenue.
Read more
Technip said on Thursday plans to cut spending due to
the fall in oil prices were ahead of schedule as it reported
better-than-expected second quarter revenue.
Read more
Wednesday, July 27, 2016
Bytes and barrels: the origins of oil traders' love of Yahoo
NEW YORK, July 28 (Reuters) - For the oil industry, Yahoo
Inc's decision this week to sell its core business to
Verizon Communications Inc for $4.8 billion does not
matter all that much. Their world already changed a few months
ago, when the company said it would jettison its messaging
system that has been the norm for oil traders since the late
1990s.
Read more
Inc's decision this week to sell its core business to
Verizon Communications Inc for $4.8 billion does not
matter all that much. Their world already changed a few months
ago, when the company said it would jettison its messaging
system that has been the norm for oil traders since the late
1990s.
Read more
Technip upgrades 2016 target, costs savings ahead of schedule
PARIS, July 28 (Reuters) - French oil services company
Technip said on Thursday plans to cut spending due to
the fall in oil prices was ahead of schedule as it reported a
better-than-expected second quarter revenue.
Read more
Technip said on Thursday plans to cut spending due to
the fall in oil prices was ahead of schedule as it reported a
better-than-expected second quarter revenue.
Read more
Singapore's Swiber files to wind up company, hit by oil slump
SINGAPORE, July 28 (Reuters) - Singapore oil field services
firm Swiber Holdings Ltd said it had filed an
application to wind up the company and a Singapore court had
appointed provisional liquidators, the latest local casualty of
the slump in oil prices.
Read more
firm Swiber Holdings Ltd said it had filed an
application to wind up the company and a Singapore court had
appointed provisional liquidators, the latest local casualty of
the slump in oil prices.
Read more
UPDATE 1-Swiber to wind up, biggest Singapore casualty of oil slump
SINGAPORE, July 28 (Reuters) - Singapore oil field services
firm Swiber Holdings Ltd filed an application to wind
up the company and said a Singapore court had appointed
provisional liquidators, making it the biggest local name to
fall victim to the slump in oil prices.
Read more
firm Swiber Holdings Ltd filed an application to wind
up the company and said a Singapore court had appointed
provisional liquidators, making it the biggest local name to
fall victim to the slump in oil prices.
Read more
Investors eye signs of improvement in U.S. energy earnings
NEW YORK, July 27 (Reuters) - Investors reeling from several
quarters of declines from U.S. energy companies are optimistic
that a recent oil rebound may help boost results of exploration
and production companies reporting in the coming days.
Read more
quarters of declines from U.S. energy companies are optimistic
that a recent oil rebound may help boost results of exploration
and production companies reporting in the coming days.
Read more
BHP Billiton to book up to $1.3 bln provision for Brazil disaster
MELBOURNE, July 28 (Reuters) - BHP Billiton
said on Thursday it would book a provision of between $1.1
billion and $1.3 billion in its annual results to cover costs of
the dam disaster in November at the Samarco iron ore mine in
Brazil.
Read more
said on Thursday it would book a provision of between $1.1
billion and $1.3 billion in its annual results to cover costs of
the dam disaster in November at the Samarco iron ore mine in
Brazil.
Read more
UPDATE 1-BHP Billiton adds to red ink for 2016 with $1 bln-plus Brazil charge
MELBOURNE, July 28 (Reuters) - BHP Billiton
will book a charge of up to $1.3 billion to cover the costs of a
dam disaster last November at the Samarco iron ore mine in
Brazil, putting it on course to report its worst ever annual
loss.
Read more
will book a charge of up to $1.3 billion to cover the costs of a
dam disaster last November at the Samarco iron ore mine in
Brazil, putting it on course to report its worst ever annual
loss.
Read more
Judge moves to end Sabine Oil's bitter bankruptcy
WILMINGTON, Del., July 27 (Reuters) - A U.S. Bankruptcy
judge said on Wednesday she would approve Sabine Oil & Gas
Corp's plan of reorganization, which would clear the
way for the Texas energy producer to exit Chapter 11 after a
year-long battle with its creditors.
Read more
judge said on Wednesday she would approve Sabine Oil & Gas
Corp's plan of reorganization, which would clear the
way for the Texas energy producer to exit Chapter 11 after a
year-long battle with its creditors.
Read more
Whiting Petroleum quarterly loss more than doubles on weak oil price
July 27 (Reuters) - Whiting Petroleum Corp, North
Dakota's largest oil producer, posted a quarterly loss on
Wednesday that more than doubled as production fell and crude
prices dropped.
Read more
Dakota's largest oil producer, posted a quarterly loss on
Wednesday that more than doubled as production fell and crude
prices dropped.
Read more
UPDATE 1-Whiting Petroleum loss more than doubles
July 27 (Reuters) - Whiting Petroleum Corp, North
Dakota's largest oil producer, posted a worse-than-expected
quarterly loss on Wednesday as production fell and crude prices
dropped.
Read more
Dakota's largest oil producer, posted a worse-than-expected
quarterly loss on Wednesday as production fell and crude prices
dropped.
Read more
Key energy policy maker in Mexico to step down this week -sources
MEXICO CITY, July 27 (Reuters) - Mexico's deputy energy
minister for hydrocarbons, Lourdes Melgar, a key player behind
the country's 3-year-old energy reform, will step down from her
post at the end of the week, two sources with knowledge of the
decision said on Wednesday.
Read more
minister for hydrocarbons, Lourdes Melgar, a key player behind
the country's 3-year-old energy reform, will step down from her
post at the end of the week, two sources with knowledge of the
decision said on Wednesday.
Read more
UPDATE 1-Calif. power operator urges conservation during heat wave
July 27 (Reuters) - California's power grid operator issued
an alert urging consumers to conserve electricity on Wednesday
as a heat wave baked the state, especially in the north.
Read more
an alert urging consumers to conserve electricity on Wednesday
as a heat wave baked the state, especially in the north.
Read more
UPDATE 1-Canadian premier 'not satisfied' with Husky spill response
July 27 (Reuters) - Saskatchewan Premier Brad Wall said on
Wednesday he was not satisfied with Husky Energy Inc's
emergency response to an oil spill into a river that supplies
drinking water, and said the western Canadian province needed to
consider ways to avoid a recurrence.
Read more
Wednesday he was not satisfied with Husky Energy Inc's
emergency response to an oil spill into a river that supplies
drinking water, and said the western Canadian province needed to
consider ways to avoid a recurrence.
Read more
Canadian premier 'not satisfied' with Husky spill response
July 27 (Reuters) - Saskatchewan Premier Brad Wall said on
Wednesday he was not satisfied with Husky Energy Inc's
emergency response to an oil spill into a river that supplies
drinking water, and said the western Canadian province needed to
consider ways to avoid a reoccurrence.
Read more
Wednesday he was not satisfied with Husky Energy Inc's
emergency response to an oil spill into a river that supplies
drinking water, and said the western Canadian province needed to
consider ways to avoid a reoccurrence.
Read more
Peabody reaches coal mine cleanup deal with three U.S. states
CHICAGO, July 27 (Reuters) - Peabody Energy Corp,
the largest U.S. coal producer, reached a deal to cover mine
clean-up liabilities while in bankruptcy with three U.S. states,
court documents showed on Tuesday.
Read more
the largest U.S. coal producer, reached a deal to cover mine
clean-up liabilities while in bankruptcy with three U.S. states,
court documents showed on Tuesday.
Read more
Cambodia says urged ASEAN to avoid words that would "escalate tension"
PHNOM PENH, July 27 (Reuters) - Cambodia advised a grouping
of South East Asian nations to avoid using words that "would
escalate tension between China and the Philippines" in a weekend
statement, the country's foreign ministry said on Wednesday.
Read more
of South East Asian nations to avoid using words that "would
escalate tension between China and the Philippines" in a weekend
statement, the country's foreign ministry said on Wednesday.
Read more
UPDATE 4-Oil prices steady ahead of U.S. inventory data
* Pressure from dollar eases as Fed expected to stay
(New throughout, updates market activity and comments to U.S.
session; changes byline and dateline, previously LONDON)
Read more
(New throughout, updates market activity and comments to U.S.
session; changes byline and dateline, previously LONDON)
Read more
Emerstone Energy wins Ukraine shale search after Shell pulls out
KIEV, July 27 (Reuters) - A company set up by investment
fund Emerstone Energy has won a contract for shale gas
exploration in Ukraine, after Royal Dutch Shell PLC
withdrew as separatist violence erupted in Ukraine's
east.
Read more
fund Emerstone Energy has won a contract for shale gas
exploration in Ukraine, after Royal Dutch Shell PLC
withdrew as separatist violence erupted in Ukraine's
east.
Read more
Saudi cleaner fuels project harvests foreign bids to build
KHOBAR, Saudi Arabia, July 27 (Reuters) - Foreign
engineering companies have bid to build Saudi Aramco's
clean fuels project at the state oil giant's Ras
Tanura refinery, industry sources told Reuters.
Read more
engineering companies have bid to build Saudi Aramco's
clean fuels project at the state oil giant's Ras
Tanura refinery, industry sources told Reuters.
Read more
UPDATE 1-Oil producer Hess reports smaller loss, cuts budget
July 27 (Reuters) - U.S. oil producer Hess Corp
reported a smaller-than-expected quarterly loss, helped by its
efforts to keep costs low, and the company further cut its
exploration and production budget for the year.
Read more
reported a smaller-than-expected quarterly loss, helped by its
efforts to keep costs low, and the company further cut its
exploration and production budget for the year.
Read more
Oil producer Hess reports smaller loss, cuts budget
July 27 (Reuters) - U.S. oil producer Hess Corp
reported a smaller quarterly loss, helped by its efforts to keep
costs low, and the company further cut its exploration and
production budget for the year.
Read more
reported a smaller quarterly loss, helped by its efforts to keep
costs low, and the company further cut its exploration and
production budget for the year.
Read more
Australian mining group denies iron ore being dumped in China
SYDNEY, July 27 (Reuters) - A leading mining group in
Australia on Wednesday denied allegations by Chinese iron ore
miners that Australian counterparts were dumping ore at cheap
prices to push them out.
Read more
Australia on Wednesday denied allegations by Chinese iron ore
miners that Australian counterparts were dumping ore at cheap
prices to push them out.
Read more
UPDATE 1-Deadly bombings hit northeastern Syria city, monitor, state TV say
BEIRUT, July 27 (Reuters) - Two bomb blasts hit the
northeastern Syrian city of Qamishli near the Turkish border on
Wednesday, killing or wounding dozens of people, a monitoring
group and state television reported.
Read more
northeastern Syrian city of Qamishli near the Turkish border on
Wednesday, killing or wounding dozens of people, a monitoring
group and state television reported.
Read more
Tuesday, July 26, 2016
UPDATE 1-BASF's Q2 profit fall on weak oil, crop chemicals units
FRANKFURT, July 27 (Reuters) - Chemical company BASF's
adjusted operating profit dropped 16 percent in the
second quarter, hurt by a slump in oil and gas unit and by weak
demand for its agricultural pesticides.
Read more
adjusted operating profit dropped 16 percent in the
second quarter, hurt by a slump in oil and gas unit and by weak
demand for its agricultural pesticides.
Read more
COLUMN-China iron ore miners' call for import protection is ironic, distracting: Russell
LAUNCESTON, Australia, July 27 (Reuters) - There is
something of a delicious irony in China's iron ore miners
complaining of dumping by foreign producers, but what it really
underscores is the multitude of challenges facing the world's
biggest steel industry.
Read more
something of a delicious irony in China's iron ore miners
complaining of dumping by foreign producers, but what it really
underscores is the multitude of challenges facing the world's
biggest steel industry.
Read more
Philippines says omission of arbitration ruling in ASEAN statement not victory for China
MANILA, July 27 (Reuters) - The Philippines "vigorously
pushed" for the inclusion of a arbitration ruling in an ASEAN
statement but the grouping's decision not to mention it was not
a victory for China, Manila's foreign minister said on
Wednesday.
Read more
pushed" for the inclusion of a arbitration ruling in an ASEAN
statement but the grouping's decision not to mention it was not
a victory for China, Manila's foreign minister said on
Wednesday.
Read more
RPT-COLUMN-Why haven't oil prices fallen further as hedge funds boost short positions? Kemp
LONDON, July 26 (Reuters) - Hedge funds and other money
managers have begun to amass another large short position in
futures and options contracts linked to the price of crude oil.
Read more
managers have begun to amass another large short position in
futures and options contracts linked to the price of crude oil.
Read more
UPDATE 2-Third Point's 1st-half returns boosted by energy credit investments
NEW YORK, July 26 (Reuters) - Daniel Loeb's $16 billion
Third Point LLC said on Tuesday that the firm's investments in
energy credits drove positive returns during the first half of
the year and is devoting over $1 billion to energy corporate
credits.
Read more
Third Point LLC said on Tuesday that the firm's investments in
energy credits drove positive returns during the first half of
the year and is devoting over $1 billion to energy corporate
credits.
Read more
RPT-Australia farmers defer wheat sales, hope for La Nina-led price rally
SYDNEY, July 26 (Reuters) - Australian farmers are holding
on to their wheat stocks and refraining from locking in deals
for future sales, on hopes a La Nina weather event later this
year will dent global output and lift prices from current
10-year lows.
Read more
on to their wheat stocks and refraining from locking in deals
for future sales, on hopes a La Nina weather event later this
year will dent global output and lift prices from current
10-year lows.
Read more
UPDATE 1-Energisa to price Brazil stock offer near ceiling - sources
SAO PAULO, July 26 (Reuters) - Energisa SA will likely price
an offering of new stock near the upper end of a suggested range
on Tuesday, said three people involved in the deal, signalling a
stronger industry outlook may bolster plans by Brazil's No. 6
power distributor to cut debt.
Read more
an offering of new stock near the upper end of a suggested range
on Tuesday, said three people involved in the deal, signalling a
stronger industry outlook may bolster plans by Brazil's No. 6
power distributor to cut debt.
Read more
Valero says biofuels blending costs could double in 2016
NEW YORK, July 26 (Reuters) - Valero Energy Corp,
the largest U.S. refiner, expects to get hit with a
half-billion-dollar bill in the second half of the year thanks
to the rising cost of meeting government mandates to blend
biofuels.
Read more
the largest U.S. refiner, expects to get hit with a
half-billion-dollar bill in the second half of the year thanks
to the rising cost of meeting government mandates to blend
biofuels.
Read more
UPDATE 1-Husky says Canadian oil spill started day before crews arrived
WINNIPEG/CALGARY, July 26 (Reuters) - An oil spill into a
major Canadian river from a Husky Energy Inc pipeline
started last Wednesday evening and crews did not arrive on site
until the following morning, the company said on Tuesday.
Read more
major Canadian river from a Husky Energy Inc pipeline
started last Wednesday evening and crews did not arrive on site
until the following morning, the company said on Tuesday.
Read more
Anadarko reports loss on prolonged slump in oil prices
July 26 (Reuters) - Oil and gas producer Anadarko Petroleum
Corp reported its fourth straight quarterly loss due to
weak commodity prices.
Read more
Corp reported its fourth straight quarterly loss due to
weak commodity prices.
Read more
UPDATE 5-U.S. says backs resumption of China-Philippines talks on South China Sea
* Philippines says dispute does not involve United States
(Adds comments from head of U.S. Naval operations)
Read more
(Adds comments from head of U.S. Naval operations)
Read more
Canadian oil spill started day before crews arrived -Husky Energy
July 26 (Reuters) - An oil spill into a major Canadian river
from a Husky Energy Inc pipeline started last Wednesday
evening and crews did not arrive on site until the following
morning, the company said on Tuesday.
Read more
from a Husky Energy Inc pipeline started last Wednesday
evening and crews did not arrive on site until the following
morning, the company said on Tuesday.
Read more
UPDATE 4-U.S. says backs resumption of China-Philippines talks on South China Sea
* Philippines says dispute does not involve United States
(Adds Philippine ex-president to start informal talks, fresh
Wang quote, Japan statement)
Read more
(Adds Philippine ex-president to start informal talks, fresh
Wang quote, Japan statement)
Read more
Britain's FTSE supported by positive company updates
LONDON, July 26 (Reuters) - Britain's top share index ended
slightly higher on Tuesday, driven by gains in lender Provident
Financial engineering firm GKN and BT,
though housebuilders fell after a series of price target cuts.
Read more
slightly higher on Tuesday, driven by gains in lender Provident
Financial engineering firm GKN and BT,
though housebuilders fell after a series of price target cuts.
Read more
CORRECTED-UPDATE 3-U.S. says backs resumption of China-Philippines talks on South China Sea
VIENTIANE, July 26 (Reuters) - U.S. Secretary of State John
Kerry said on Tuesday he supported the resumption of talks
between China and the Philippines over the South China Sea,
following an international court ruling against Beijing over the
dispute earlier this month.
Read more
Kerry said on Tuesday he supported the resumption of talks
between China and the Philippines over the South China Sea,
following an international court ruling against Beijing over the
dispute earlier this month.
Read more
UPDATE 1-Miner Freeport-McMoRan's revenue misses estimates
July 26 (Reuters) - U.S. miner and oil producer
Freeport-McMoRan Inc's quarterly revenue fell far short
of Wall Street estimates, mainly due to lower copper prices.
Read more
Freeport-McMoRan Inc's quarterly revenue fell far short
of Wall Street estimates, mainly due to lower copper prices.
Read more
Belgian scientists make novel water-from-urine machine
BRUSSELS, July 26 (Reuters) - A team of scientists at a
Belgian university say they have created a machine that turns
urine into drinkable water and fertilizer using solar energy, a
technique which could be applied in rural areas and developing
countries.
Read more
Belgian university say they have created a machine that turns
urine into drinkable water and fertilizer using solar energy, a
technique which could be applied in rural areas and developing
countries.
Read more
UPDATE 1-Refiner Valero's profit beats as crude costs stay low
July 26 (Reuters) - Valero Energy Corp reported a
bigger-than-expected quarterly profit as the U.S. refiner
continued to benefit from low crude costs.
Read more
bigger-than-expected quarterly profit as the U.S. refiner
continued to benefit from low crude costs.
Read more
UPDATE 2-Chinese miners call for anti-dumping probe into iron ore imports
SHANGHAI, July 26 (Reuters) - Chinese iron ore miners have
called for an anti-dumping investigation into imports of the
steelmaking raw material from top suppliers Australia and
Brazil.
Read more
called for an anti-dumping investigation into imports of the
steelmaking raw material from top suppliers Australia and
Brazil.
Read more
RPT-Renewed oil weakness sparks demand fears
NEW YORK, July 26 (Reuters) - U.S. oil prices topped $50 a
barrel in June, boosting optimism a two-year price rout might
end. Six weeks later, the long hoped for recovery has yet to
take hold.
Read more
barrel in June, boosting optimism a two-year price rout might
end. Six weeks later, the long hoped for recovery has yet to
take hold.
Read more
UPDATE 3-U.S. says backs resumption of China-Philippines talks on South China Sea
* Philippines says dispute does not involve United States
(Adds comment from senior U.S. administration official)
Read more
(Adds comment from senior U.S. administration official)
Read more
Russia, Turkey to discuss lifting food import ban, TurkStream link
MOSCOW, July 26 (Reuters) - Russian and Turkish officials
will discuss the lifting of a food imports ban that Russia
imposed after one of its bombers was downed by Turkey near the
Syrian border last November, Russian Deputy Prime Minister
Arkady Dvorkovich said on Tuesday.
Read more
will discuss the lifting of a food imports ban that Russia
imposed after one of its bombers was downed by Turkey near the
Syrian border last November, Russian Deputy Prime Minister
Arkady Dvorkovich said on Tuesday.
Read more
China's Hebei to cut more than 31 mln T of iron, steel capacity in 2016
BEIJING, July 26 (Reuters) - China's top steelmaking
province Hebei plans to cut more than 31 million tonnes of
combined iron and steel production capacity in 2016, the
official Xinhua news agency reported on Tuesday.
Read more
province Hebei plans to cut more than 31 million tonnes of
combined iron and steel production capacity in 2016, the
official Xinhua news agency reported on Tuesday.
Read more
UPDATE 1-Solar plane circles globe in first for clean energy
ABU DHABI, July 26 (Reuters) - A solar-powered aircraft
successfully completed the first fuel-free flight around the
world on Tuesday, returning to Abu Dhabi after an epic 16-month
voyage that demonstrated the potential of renewable energy.
Read more
successfully completed the first fuel-free flight around the
world on Tuesday, returning to Abu Dhabi after an epic 16-month
voyage that demonstrated the potential of renewable energy.
Read more
Australia farmers defer wheat sales, hope for La Nina-led price rally
SYDNEY, July 26 (Reuters) - Australian farmers are holding
on to their wheat stocks and refraining from locking in deals
for future sales, on hopes a La Nina weather event later this
year will dent global output and lift prices from current
10-year lows.
Read more
on to their wheat stocks and refraining from locking in deals
for future sales, on hopes a La Nina weather event later this
year will dent global output and lift prices from current
10-year lows.
Read more
UPDATE 1-China asks U.S. to support resumption of talks with Philippines
BEIJING/VIENTIANE, July 26 (Reuters) - China's foreign
minister has asked U.S. Secretary of State John Kerry to support
the resumption of talks between China and the Philippines over
the South China Sea, following a ruling against Beijing over the
dispute earlier this month.
Read more
minister has asked U.S. Secretary of State John Kerry to support
the resumption of talks between China and the Philippines over
the South China Sea, following a ruling against Beijing over the
dispute earlier this month.
Read more
Monday, July 25, 2016
Australia shares track commodities lower, NZ stocks flat
SYDNEY/WELLINGTON, July 26 (Reuters) - Australian shares
tracked commodity prices and global markets lower on Tuesday,
while New Zealand shares barely moved.
Read more
tracked commodity prices and global markets lower on Tuesday,
while New Zealand shares barely moved.
Read more
Shell Philippine unit files for IPO of up to $629 mln
MANILA, July 26 (Reuters) - Pilipinas Shell Petroleum Corp
is looking to raise up to 29.7 billion pesos ($629.24 million)
in what could be the country's third initial public offering
this year, a regulatory filing showed on Tuesday.
Read more
is looking to raise up to 29.7 billion pesos ($629.24 million)
in what could be the country's third initial public offering
this year, a regulatory filing showed on Tuesday.
Read more
RPT-COLUMN-Hedge funds in new cycle of oil short-selling: Kemp
LONDON, July 25 (Reuters) - Hedge funds have been
liquidating their former record bullish position in crude
futures and options putting downward pressure on oil prices in
recent weeks.
Read more
liquidating their former record bullish position in crude
futures and options putting downward pressure on oil prices in
recent weeks.
Read more
China asks U.S. to support resumption of talks with Philippines
BEIJING, July 26 (Reuters) - China's foreign minister has
asked the U.S. secretary of state John Kerry to support the
resumption of talks between China and the Philippines over the
South China Sea, following a ruling against Beijing over the
dispute earlier this month.
Read more
asked the U.S. secretary of state John Kerry to support the
resumption of talks between China and the Philippines over the
South China Sea, following a ruling against Beijing over the
dispute earlier this month.
Read more
Solar-powered plane circles globe, returns to UAE
ABU DHABI, July 26 (Reuters) - A solar-powered aircraft
successfully completed the first fuel-free flight around the
world on Tuesday, returning to Abu Dhabi after an epic 16-month
voyage and demonstrating the potential of renewable energy.
Read more
successfully completed the first fuel-free flight around the
world on Tuesday, returning to Abu Dhabi after an epic 16-month
voyage and demonstrating the potential of renewable energy.
Read more
Ship hits wall of Panama Canal, renews design concerns
HOUSTON, July 25 (Reuters) - A Chinese container ship hit a
wall of the new lane of the Panama Canal, a Canal Authority
official and a local ship agent said on Monday, the third such
incident since the expanded waterway opened one month ago amid
design concerns.
Read more
wall of the new lane of the Panama Canal, a Canal Authority
official and a local ship agent said on Monday, the third such
incident since the expanded waterway opened one month ago amid
design concerns.
Read more
UPDATE 2-CN Rail earnings dip but top expectations as shipments fall
TORONTO, July 25 (Reuters) - Canadian National Railway Co
reported better-than-expected second-quarter earnings
on Monday even as a decline in shipments cut into revenue, but
said it expects volumes to improve in the months ahead.
Read more
reported better-than-expected second-quarter earnings
on Monday even as a decline in shipments cut into revenue, but
said it expects volumes to improve in the months ahead.
Read more
Short of funds, Brazil's Chesf delays transmission line project
SAO PAULO, July 25 (Reuters) - State-run energy company
Chesf, a subsidiary of Brazil's federal energy holding company
Eletrobras, has delayed the delivery of more than 1,000
kilometers of transmission line projects for lack of funds to
complete the work, data compiled by Reuters showed.
Read more
Chesf, a subsidiary of Brazil's federal energy holding company
Eletrobras, has delayed the delivery of more than 1,000
kilometers of transmission line projects for lack of funds to
complete the work, data compiled by Reuters showed.
Read more
UPDATE 1-Husky oil spill hits water supply of second Canadian city
July 25 (Reuters) - An oil leak from a Husky Energy Inc
pipeline into a major Canadian river has forced a
second city in the province of Saskatchewan to stop drawing
drinking water, officials said on Monday, widening the impact
and cost of the spill.
Read more
pipeline into a major Canadian river has forced a
second city in the province of Saskatchewan to stop drawing
drinking water, officials said on Monday, widening the impact
and cost of the spill.
Read more
Canadian oil spill from Husky pipeline reaches Saskatchewan city
July 25 (Reuters) - An oil spill by Husky Energy Inc
into a major Canadian river reached the city of Prince
Albert, Saskatchewan on Monday, hours earlier than expected, as
workers there raced to stretch a 30-kilometre (19-mile) hose to
draw drinking water from another source.
Read more
into a major Canadian river reached the city of Prince
Albert, Saskatchewan on Monday, hours earlier than expected, as
workers there raced to stretch a 30-kilometre (19-mile) hose to
draw drinking water from another source.
Read more
Libyan deal to end oil ports blockade still needs signing - Guard's Jathran
BENGHAZI, Libya, July 25 (Reuters) - Libyan Petroleum
Facilities Guard (PFG) commander Ibrahim Jathran said on Monday
he was ready to end a blockade at key oil terminals, but the
U.N.-backed government still needs to sign an agreement for
exports to resume.
Read more
Facilities Guard (PFG) commander Ibrahim Jathran said on Monday
he was ready to end a blockade at key oil terminals, but the
U.N.-backed government still needs to sign an agreement for
exports to resume.
Read more
UPDATE 2-Canada to phase out older crude-by-rail tank cars by November
TORONTO, July 25 (Reuters) - Canada will take older tank
cars out of crude-by-rail service much earlier than originally
planned, the government said on Monday, in its latest move to
toughen rail safety after a deadly 2013 crash.
Read more
cars out of crude-by-rail service much earlier than originally
planned, the government said on Monday, in its latest move to
toughen rail safety after a deadly 2013 crash.
Read more
UPDATE 6-Oil prices slide on oversupply, economic headwinds
LONDON, July 25 (Reuters) - Oil prices fell to two and a
half month lows on Monday amid worries that a global glut of
crude and refined products would weigh on markets for some time.
Read more
half month lows on Monday amid worries that a global glut of
crude and refined products would weigh on markets for some time.
Read more
CORRECTED-Canada to phase out older crude-by-rail tank cars early
TORONTO, July 25 (Reuters) - Canada will take older tank
cars out of crude-by-rail service months earlier than originally
planned, the government said on Monday, its latest move to
toughen rail safety in the wake of a deadly 2013 crash.
Read more
cars out of crude-by-rail service months earlier than originally
planned, the government said on Monday, its latest move to
toughen rail safety in the wake of a deadly 2013 crash.
Read more
COLUMN-Hedge funds in new cycle of oil short-selling: Kemp
LONDON, July 25 (Reuters) - Hedge funds have been
liquidating their former record bullish position in crude
futures and options putting downward pressure on oil prices in
recent weeks.
Read more
liquidating their former record bullish position in crude
futures and options putting downward pressure on oil prices in
recent weeks.
Read more
Eletrobras unit sells Nicaragua utility stake for $44.2 mln
RIO DE JANEIRO, July 25 (Reuters) - A unit of Brazil's
state-led utility holding company Centrais Eletricas Brasileiras
SA sold its stake in a Nicaraguan hydroelectric
project for $44.2 million, Eletrobras, as the parent company is
known, said in a statement on Monday.
Read more
state-led utility holding company Centrais Eletricas Brasileiras
SA sold its stake in a Nicaraguan hydroelectric
project for $44.2 million, Eletrobras, as the parent company is
known, said in a statement on Monday.
Read more
Quadran, Eolfi-CGN win French floating offshore tenders
PARIS, July 25 (Reuters) - A consortium led by French-based
Quadran and a consortium of French group Eolfi and Chinese
nuclear group CGN have won tenders for pilot floating wind parks
off the coast of France, the companies said.
Read more
Quadran and a consortium of French group Eolfi and Chinese
nuclear group CGN have won tenders for pilot floating wind parks
off the coast of France, the companies said.
Read more
RPT-COLUMN-Asia's gasoline party crashed by China and India: Russell
LAUNCESTON, Australia, July 25 (Reuters) - If you had asked
Asia's refiners at the start of the year where they thought
their profits would be coming from, it's likely many would have
said gasoline. But China and India appear to have crashed that
party.
Read more
Asia's refiners at the start of the year where they thought
their profits would be coming from, it's likely many would have
said gasoline. But China and India appear to have crashed that
party.
Read more
Mozambique closes in on huge gas deal after years of delays
JOHANNESBURG, July 25 (Reuters) - Mozambique's long-delayed
offshore gas project with Italy's Eni could be approved
within months, sources close to the deal said, sparking
investments with the potential to transform one of the world's
poorest countries into a major energy player.
Read more
offshore gas project with Italy's Eni could be approved
within months, sources close to the deal said, sparking
investments with the potential to transform one of the world's
poorest countries into a major energy player.
Read more
SunEdison unit TerraForm Power adopts poison pill
July 25 (Reuters) - SunEdison Inc's unit
TerraForm Power Inc said it had adopted a shareholders
rights plan to prevent any sale of a significant number of Class
A shares in the company by its bankrupt parent.
Read more
TerraForm Power Inc said it had adopted a shareholders
rights plan to prevent any sale of a significant number of Class
A shares in the company by its bankrupt parent.
Read more
China sets up South China Sea environment protection fund
BEIJING, July 25 (Reuters) - China has set up a 15 million
yuan ($2.25 million) environmental protection fund for the South
China Sea having already spent double that in the past four
years, the Xinhua state news agency said on Monday.
Read more
yuan ($2.25 million) environmental protection fund for the South
China Sea having already spent double that in the past four
years, the Xinhua state news agency said on Monday.
Read more
UPDATE 2-China's State Grid, Hong Kong's CKI bid for Australian electricity network-source
* Government under pressure over foreign infrastructure
sales
(Recasts throughout, with naming of bidders by source)
Read more
sales
(Recasts throughout, with naming of bidders by source)
Read more
Australia state govt says at least two bids received for Ausgrid power network
SYDNEY, July 25 (Reuters) - At least two bids have been
received for Australia's biggest electricity network, the New
South Wales government said on Monday, without confirming that
one of them is from State Grid of China.
Read more
received for Australia's biggest electricity network, the New
South Wales government said on Monday, without confirming that
one of them is from State Grid of China.
Read more
COLUMN-Asia's gasoline party crashed by China and India: Russell
LAUNCESTON, Australia, July 25 (Reuters) - If you had asked
Asia's refiners at the start of the year where they thought
their profits would be coming from, it's likely many would have
said gasoline. But China and India appear to have crashed that
party.
Read more
Asia's refiners at the start of the year where they thought
their profits would be coming from, it's likely many would have
said gasoline. But China and India appear to have crashed that
party.
Read more
Sunday, July 24, 2016
UPDATE 1-At least 40 percent of Canada oil spill recovered -officials
July 24 (Reuters) - Authorities have recovered at least 40
percent of the 1,572 barrels of oil that leaked into a major
western Canadian river, but the spill is still moving downstream
and threatening the drinking water of riverside communities,
officials said on Sunday.
Read more
percent of the 1,572 barrels of oil that leaked into a major
western Canadian river, but the spill is still moving downstream
and threatening the drinking water of riverside communities,
officials said on Sunday.
Read more
At least 40 percent of Canada oil spill recovered -officials
July 24 (Reuters) - Authorities have recovered at least 40
percent of the 1,572 barrels of oil that leaked into a major
western Canadian river, but the spill is still moving downstream
and threatening the drinking water of riverside communities,
officials said on Sunday.
Read more
percent of the 1,572 barrels of oil that leaked into a major
western Canadian river, but the spill is still moving downstream
and threatening the drinking water of riverside communities,
officials said on Sunday.
Read more
Solar plane takes off from Egypt on final leg of world tour
CAIRO, July 24 (Reuters) - An aircraft powered by solar
energy left Egypt on Sunday on the last leg of the first ever
fuel-free flight around the globe.
Read more
energy left Egypt on Sunday on the last leg of the first ever
fuel-free flight around the globe.
Read more
Saturday, July 23, 2016
UPDATE 1-Canadian authorities seek to contain oil spill moving down river
July 23 (Reuters) - Authorities are building a new
containment boom to fight an oil spill in a major western
Canadian river, officials said on Saturday, after the spill
breached a previous barrier and threatened the drinking water of
several communities along the coast.
Read more
containment boom to fight an oil spill in a major western
Canadian river, officials said on Saturday, after the spill
breached a previous barrier and threatened the drinking water of
several communities along the coast.
Read more
Canadian authorities seek to contain oil spill moving down river
July 23 (Reuters) - Authorities are building a new
containment boom to fight an oil spill in a major western
Canadian river, officials said on Saturday, after the spill
breached a previous barrier and threatened the drinking water
of several communities along the coast.
Read more
containment boom to fight an oil spill in a major western
Canadian river, officials said on Saturday, after the spill
breached a previous barrier and threatened the drinking water
of several communities along the coast.
Read more
REFILE-WIDER IMAGE-A photographer's challenge: Libyan forces battle for Islamic State stronghold
SIRTE, Libya, July 23 (Reuters) - "When everyone shouts
'Allahu Akbar' (God is Great) I know that a tank or a cannon
will fire."
Read more
'Allahu Akbar' (God is Great) I know that a tank or a cannon
will fire."
Read more
Ecuador pays $112 million award to Chevron - central bank
CARACAS, July 23 (Reuters) - Ecuador has paid $112 million
to energy company Chevron Corp over a four-decade-old
contract dispute, even though it remains in disagreement, the
head of the central bank has said.
Read more
to energy company Chevron Corp over a four-decade-old
contract dispute, even though it remains in disagreement, the
head of the central bank has said.
Read more
China sets up coal asset management firm to push overcapacity cut
SHANGHAI, July 23 (Reuters) - China has set up a coal asset
management firm as part of its effort to reduce excess capacity
in the sector, China's state-owned assets regulator said.
Read more
management firm as part of its effort to reduce excess capacity
in the sector, China's state-owned assets regulator said.
Read more
Friday, July 22, 2016
Speculators cut U.S. natgas net longs for 2nd week in three -CFTC
July 22 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in three, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 11,801 contracts to 91,547 in the week to
July 19, the U.S. Commodity Futures Trading Commission said on
Friday.
(Reporting by Scott DiSavino; Editing by James Dalgleish)
Read more
net long positions for a second week in three, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 11,801 contracts to 91,547 in the week to
July 19, the U.S. Commodity Futures Trading Commission said on
Friday.
(Reporting by Scott DiSavino; Editing by James Dalgleish)
Read more
UPDATE 1-Speculators cut U.S. natgas net longs for 2nd week in three -CFTC
(Adds natural gas price information)
July 22 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in three, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 11,801 contracts to a one-month low of
91,547 in the week to July 19, the U.S. Commodity Futures
Trading Commission said on Friday.
The w
Read more
UPDATE 1-U.S. oil drillers add rigs for fourth straight week - Baker Hughes
(Adds basin details, natural gas rigs to the total count)
July 22 (Reuters) - U.S. drillers this week added oil rigs
for a fourth consecutive week, according to a closely followed
report on Friday, with the recent return to the well pad
expected to soften the decline in domestic crude production.
Drillers added 14 oil rigs in the week to July 22, bringing
the total rig count up to 371, compared with 659 a year ago,
energy services firm Baker Hughes Inc said. That is the
biggest weekly
Read more
Mexican leader says respects U.S. presidential candidates
MEXICO CITY, July 22 (Reuters) - Mexican President Enrique
Pena Nieto said on Friday he respects both of the leading
candidates to be the next president of the United States and
will seek a "frank and open" dialogue with the eventual winner.
Read more
Pena Nieto said on Friday he respects both of the leading
candidates to be the next president of the United States and
will seek a "frank and open" dialogue with the eventual winner.
Read more
UPDATE 1-Husky Energy works to clean up oil spilled into Canadian river
July 22 (Reuters) - Husky Energy Inc crews worked
on Friday to clean-up an oil spill into a major western Canadian
river, a government official said, with efforts focused on
ensuring it does not contaminate the drinking water of
communities downstream.
Read more
on Friday to clean-up an oil spill into a major western Canadian
river, a government official said, with efforts focused on
ensuring it does not contaminate the drinking water of
communities downstream.
Read more
UPDATE 1-Development bank EBRD says to "stay engaged" in Turkey
LONDON, July 22 (Reuters) - The European Bank for
Reconstruction and Development said on Friday it will continue
to lend in Turkey following the failed coup attempt in the
country and subsequent surge in political uncertainty.
Read more
Reconstruction and Development said on Friday it will continue
to lend in Turkey following the failed coup attempt in the
country and subsequent surge in political uncertainty.
Read more
UPDATE 2-Honeywell cuts 2016 sales forecast, shares fall
July 22 (Reuters) - Honeywell International Inc cut
its full-year sales forecast and reported a lower-than-expected
quarterly revenue as sales in its aerospace division
unexpectedly declined.
Read more
its full-year sales forecast and reported a lower-than-expected
quarterly revenue as sales in its aerospace division
unexpectedly declined.
Read more
Schlumberger sees oil supply deficit if demand growth holds
July 22 (Reuters) - Schlumberger Ltd, the world's
No. 1 oilfield services provider, said it expects a "significant
global supply deficit" of crude oil, assuming steady growth in
demand, given the sharp decline in spending on exploration and
production.
Read more
No. 1 oilfield services provider, said it expects a "significant
global supply deficit" of crude oil, assuming steady growth in
demand, given the sharp decline in spending on exploration and
production.
Read more
UPDATE 2-Husky Energy posts smaller-than-expected loss as costs fall
July 22 (Reuters) - Husky Energy Inc, Canada's No.
3 integrated oil company, reported a smaller-than-expected
quarterly loss as the focus on fewer, more efficient resource
plays helped reduce production costs.
Read more
3 integrated oil company, reported a smaller-than-expected
quarterly loss as the focus on fewer, more efficient resource
plays helped reduce production costs.
Read more
Husky Energy posts loss as production falls
July 22 (Reuters) - Husky Energy Inc, Canada's No.
3 integrated oil company, reported a second-quarter loss,
compared with a year-earlier profit, as production fell due to
planned maintenance and the Fort McMurray wildfire in Alberta.
Read more
3 integrated oil company, reported a second-quarter loss,
compared with a year-earlier profit, as production fell due to
planned maintenance and the Fort McMurray wildfire in Alberta.
Read more
Japan business lobby says Abe govt can't rely on nuclear energy
TOKYO, July 22 (Reuters) - Japan's use of nuclear power is
unlikely to meet a government target of returning to near
pre-Fukushima levels and the world's No.3 economy needs to get
serious about boosting renewables, a senior executive at a top
business lobby said.
Read more
unlikely to meet a government target of returning to near
pre-Fukushima levels and the world's No.3 economy needs to get
serious about boosting renewables, a senior executive at a top
business lobby said.
Read more
New gas pipelines would make U.S. miss climate target -report
WASHINGTON, July 22 (Reuters) - The United States will miss
its emission-reduction targets under the Paris climate agreement
if 19 pending natural gas pipelines are built across eastern
states, a report published on Friday by environmental groups
said.
Read more
its emission-reduction targets under the Paris climate agreement
if 19 pending natural gas pipelines are built across eastern
states, a report published on Friday by environmental groups
said.
Read more
CORRECTED-UPDATE 1-First U.S. LNG shipment to cross expanded Panama Canal next week
MILAN, July 21 (Reuters) - The United States will ship its
first liquefied natural gas (LNG) cargo through an expanded
Panama Canal next week.
Read more
first liquefied natural gas (LNG) cargo through an expanded
Panama Canal next week.
Read more
Thursday, July 21, 2016
U.S. refinery profits set for worst year since start of shale boom
NEW YORK, July 22 (Reuters) - U.S. independent refiners such
as Valero Energy Corp and Phillips 66 look set
to post another quarter of disappointing earnings, putting the
industry on track for its worst year since the U.S. shale boom
began in 2011.
Read more
as Valero Energy Corp and Phillips 66 look set
to post another quarter of disappointing earnings, putting the
industry on track for its worst year since the U.S. shale boom
began in 2011.
Read more
RPT-U.S. refinery profits set for worst year since start of shale boom
NEW YORK, July 22 (Reuters) - U.S. independent refiners such
as Valero Energy Corp and Phillips 66 look set
to post another quarter of disappointing earnings, putting the
industry on track for its worst year since the U.S. shale boom
began in 2011.
Read more
as Valero Energy Corp and Phillips 66 look set
to post another quarter of disappointing earnings, putting the
industry on track for its worst year since the U.S. shale boom
began in 2011.
Read more
Papua New Guinea PM O'Neill survives no-confidence vote - media
SYDNEY, July 22 (Reuters) - Papua New Guinea Prime Minister
Peter O'Neill on Friday survived a no-confidence vote, EMTV
reported, an outcome unlikely to end the upheaval in a country
developing lucrative projects with energy majors ExxonMobil Corp
and French giant Total SA.
Read more
Peter O'Neill on Friday survived a no-confidence vote, EMTV
reported, an outcome unlikely to end the upheaval in a country
developing lucrative projects with energy majors ExxonMobil Corp
and French giant Total SA.
Read more
UPDATE 2-Nigeria's Buhari says government talking to Niger Delta militants-statement
ABUJA, July 21 (Reuters) - The Nigerian government is
talking to militants in the Niger Delta to end a wave of attacks
on oil and gas facilities which have cut oil production by
700,000 barrels a day, top officials said on Thursday.
Read more
talking to militants in the Niger Delta to end a wave of attacks
on oil and gas facilities which have cut oil production by
700,000 barrels a day, top officials said on Thursday.
Read more
RPT-COLUMN-U.S. refiners carry on processing despite gasoline glut: Kemp
LONDON, July 21 (Reuters) - Fears that U.S. refiners will
cut crude processing in response to deteriorating margins and
rising gasoline stocks have haunted the oil market for the past
two months.
Read more
cut crude processing in response to deteriorating margins and
rising gasoline stocks have haunted the oil market for the past
two months.
Read more
Niger Delta militants deny any peace talks with the government
July 21 (Reuters) - The Niger Delta Avengers militant group
said on Thursday they are not aware of any peace talks with the
government.
Read more
said on Thursday they are not aware of any peace talks with the
government.
Read more
CORRECTED-Schlumberger reports loss due to asset impairments charge
July 21 (Reuters) - Schlumberger Ltd, the world's
No.1 oilfield services provider, reported a quarterly loss,
compared with a profit a year earlier, as it took a charge of
$2.57 billion related to asset impairments and job cuts.
Read more
No.1 oilfield services provider, reported a quarterly loss,
compared with a profit a year earlier, as it took a charge of
$2.57 billion related to asset impairments and job cuts.
Read more
Ghana parliament body rejects key central bank reform bill
ACCRA, July 21 (Reuters) - Ghana's parliament has taken a
step towards passing a law on central bank reform that could
breach a key tenet of its $918 million aid deal with the
International Monetary Fund (IMF), parliamentary and finance
sources told Reuters.
Read more
step towards passing a law on central bank reform that could
breach a key tenet of its $918 million aid deal with the
International Monetary Fund (IMF), parliamentary and finance
sources told Reuters.
Read more
Odebrecht Peru deal hits snag as banks fret over $4.1 bln loan -sources
SAO PAULO/LIMA, July 21 (Reuters) - Lenders could accelerate
the disbursement of a $4.125 billion loan to Peruvian gas
pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian
engineering group Odebrecht SA fully exits the project
overseeing the construction of the pipelines, three people
familiar with the matter said on Thursday.
Read more
the disbursement of a $4.125 billion loan to Peruvian gas
pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian
engineering group Odebrecht SA fully exits the project
overseeing the construction of the pipelines, three people
familiar with the matter said on Thursday.
Read more
Trial date for Libya fund suit against SocGen pushed back to April
LONDON, July 21 (Reuters) - A trial date for a lawsuit
brought by Libya's $67 billion sovereign wealth fund against
French investment bank Societe Generale was pushed back to April
25, 2017, by a judge's ruling in London's High Court.
Read more
brought by Libya's $67 billion sovereign wealth fund against
French investment bank Societe Generale was pushed back to April
25, 2017, by a judge's ruling in London's High Court.
Read more
UPDATE 8-Oil down 2 pct as record U.S. stockpiles heighten glut worry
* ABN says Brent could slide by about $5 to $42-43 levels
(New throughout, updates prices and market activity, adds
details about Nigerian crude)
Read more
(New throughout, updates prices and market activity, adds
details about Nigerian crude)
Read more
UPDATE 2-Sri Lanka's cash-strapped airline may lease four planes to Pakistan
COLOMBO, July 21 (Reuters) - Sri Lanka's cash-strapped
national airline is in talks to lease four of its Airbus A330
planes to Pakistan International Airlines Corp, a
government minister said on Thursday, months after cancelling an
order for four Airbus A350 aircraft.
Read more
national airline is in talks to lease four of its Airbus A330
planes to Pakistan International Airlines Corp, a
government minister said on Thursday, months after cancelling an
order for four Airbus A350 aircraft.
Read more
UPDATE 1-Union Pacific CEO says 2016 freight volumes could drop 6-8 pct
CHICAGO, July 21 (Reuters) - Full-year 2016 freight volumes
at Union Pacific Corp could fall between 6 percent and 8
percent from 2015, driven by declining coal volumes, weak shale
oil business and the strong U.S. dollar, the company's top
executive said on Thursday.
Read more
at Union Pacific Corp could fall between 6 percent and 8
percent from 2015, driven by declining coal volumes, weak shale
oil business and the strong U.S. dollar, the company's top
executive said on Thursday.
Read more
Canadian energy earnings hint at brighter outlook for oil
CALGARY, Alberta, July 21 (Reuters) - The Canadian oil and
gas earnings season kicked off on Thursday with signs of an
industry recovery as Encana Corp and Precision Drilling
Corp outlined plans to boost activity.
Read more
gas earnings season kicked off on Thursday with signs of an
industry recovery as Encana Corp and Precision Drilling
Corp outlined plans to boost activity.
Read more
ExxonMobil to buy InterOil for about $2.5 bln
July 21 (Reuters) - ExxonMobil Corp said it would
buy InterOil Corp for more than $2.5 billion in stock,
adding a new gas field to expand its exports from Papua New
Guinea.
Read more
buy InterOil Corp for more than $2.5 billion in stock,
adding a new gas field to expand its exports from Papua New
Guinea.
Read more
Nigeria's Qua Iboe crude to remain under force majeure for at least a month - sources
LONDON, July 21 (Reuters) - Exports of Nigeria's largest
crude oil stream, Qua Iboe, will remain under force majeure for
at least one month while operator ExxonMobil repairs a
leak on the pipeline feeding the terminal, sources told Reuters.
Read more
crude oil stream, Qua Iboe, will remain under force majeure for
at least one month while operator ExxonMobil repairs a
leak on the pipeline feeding the terminal, sources told Reuters.
Read more
NEWSMAKER-UAE tycoon Qubaisi named in billion-dollar U.S. suits
ABU DHABI, July 21 (Reuters) - The rise and fall of Abu
Dhabi tycoon Khadem al-Qubaisi, named this week in U.S. Justice
Department lawsuits seeking to seize over $1 billion in assets,
illustrates the unpredictability of an opaque Gulf business
world fuelled by huge sums of oil money.
Read more
Dhabi tycoon Khadem al-Qubaisi, named this week in U.S. Justice
Department lawsuits seeking to seize over $1 billion in assets,
illustrates the unpredictability of an opaque Gulf business
world fuelled by huge sums of oil money.
Read more
UPDATE 2-Rig builder Keppel hit by weak marine market
SINGAPORE, July 21 (Reuters) - Second-quarter profits at
Singaporean rigbuilder Keppel Corp fell 48 percent
from a year ago, weighed down by lower revenues at its offshore
and marine segment.
Read more
Singaporean rigbuilder Keppel Corp fell 48 percent
from a year ago, weighed down by lower revenues at its offshore
and marine segment.
Read more
UPDATE 1-France and Ireland eye 1 bln euro power link by 2025
* French power prices around 30 pct lower than Britain
(Updates with comment, start date, background)
Read more
(Updates with comment, start date, background)
Read more
COLUMN-U.S. refiners carry on processing despite gasoline glut: Kemp
LONDON, July 21 (Reuters) - Fears that U.S. refiners will
cut crude processing in response to deteriorating margins and
rising gasoline stocks have haunted the oil market for the past
two months.
Read more
cut crude processing in response to deteriorating margins and
rising gasoline stocks have haunted the oil market for the past
two months.
Read more
UPDATE 1-Canada's Precision Drilling posts bigger loss due to weak activity
July 21 (Reuters) - Canadian rig contractor Precision
Drilling Corp posted a bigger second-quarter loss, hurt
by the lowest drilling activity in decades during the period as
oil producers slashed spending.
Read more
Drilling Corp posted a bigger second-quarter loss, hurt
by the lowest drilling activity in decades during the period as
oil producers slashed spending.
Read more
France and Ireland grid operators take 1 bln euros cable project to next phase
PARIS, July 21 (Reuters) - French electricity grid operator
RTE and Ireland's EirGrid said on Thursday they are taking their
1 billion euros ($1.1 billion) subsea electricity cable project
linking Ireland and France to the next phase following the
completion of feasibility studies.
Read more
RTE and Ireland's EirGrid said on Thursday they are taking their
1 billion euros ($1.1 billion) subsea electricity cable project
linking Ireland and France to the next phase following the
completion of feasibility studies.
Read more
UPDATE 1-MH370 search team raises prospect plane could lie elsewhere
* Malaysia-China-Australia tripartite meeting on Friday
(Adds previous tripartite agreement, recasts headline)
Read more
(Adds previous tripartite agreement, recasts headline)
Read more
Rotterdam port traffic slips on emerging markets, Brexit
AMSTERDAM, July 21 (Reuters) - Trade volumes at Rotterdam
fell in the first half of the year, port authorities there said
on Thursday, saying slower emerging markets and growing
Brexit-related uncertainty affected traffic.
Read more
fell in the first half of the year, port authorities there said
on Thursday, saying slower emerging markets and growing
Brexit-related uncertainty affected traffic.
Read more
Libya's UN-backed govt condemns France for not coordinating military presence
TRIPOLI, July 21 (Reuters) - Libya's U.N.-backed unity
government has said France had not coordinated with it over the
presence of French troops in Libya and that it would not
compromise on its sovereignty after France announced the deaths
of three of its soldiers there.
Read more
government has said France had not coordinated with it over the
presence of French troops in Libya and that it would not
compromise on its sovereignty after France announced the deaths
of three of its soldiers there.
Read more
COLUMN-Not all coal rallies are equal as quality grades shine: Russell
LAUNCESTON, Australia, July 21 (Reuters) - Not all coal
rallies are created equal, with fairly stark differences
emerging in the gains this year for various grades of the fuel,
suggesting buyers are becoming more selective.
Read more
rallies are created equal, with fairly stark differences
emerging in the gains this year for various grades of the fuel,
suggesting buyers are becoming more selective.
Read more
SSE loses 50,000 customers in three months to end June
LONDON, July 21 (Reuters) - Britain's second-biggest energy
supplier SSE said on Thursday it had lost another 50,000
power and gas customers over the three months ending June 30,
further reflecting the trend of small suppliers grabbing market
share from incumbents.
Read more
supplier SSE said on Thursday it had lost another 50,000
power and gas customers over the three months ending June 30,
further reflecting the trend of small suppliers grabbing market
share from incumbents.
Read more
China's June crude oil imports from Saudi Arabia down 14.2 pct y/y-customs
BEIJING, July 21 (Reuters) - China's crude oil imports from
Saudi Arabia were down 14.2 percent in June, compared to the
same month last year, at about 1.112 million barrels per day
(bpd), Chinese customs data showed on Thursday.
Read more
Saudi Arabia were down 14.2 percent in June, compared to the
same month last year, at about 1.112 million barrels per day
(bpd), Chinese customs data showed on Thursday.
Read more
Wednesday, July 20, 2016
China's Sinopec cuts gas output at Puguang field after pipeline fire
BEIJING, July 21 (Reuters) - China's Sinopec Corp
said on Thursday it had cut daily well-head production from its
Puguang gas field in Sichuan province to 4 million cubic metres
after a landslide a day earlier triggered a fire on a trunk gas
pipeline.
Read more
said on Thursday it had cut daily well-head production from its
Puguang gas field in Sichuan province to 4 million cubic metres
after a landslide a day earlier triggered a fire on a trunk gas
pipeline.
Read more
UPDATE 2-Musk "master plan" expands Tesla into electric trucks and buses
July 20 (Reuters) - Tesla Motors Inc Chief
Executive Elon Musk Wednesday unveiled an ambitious plan to
expand the company into electric semi trucks and buses, car
sharing and solar energy systems.
Read more
Executive Elon Musk Wednesday unveiled an ambitious plan to
expand the company into electric semi trucks and buses, car
sharing and solar energy systems.
Read more
Oil Search bows to ExxonMobil in battle for InterOil
MELBOURNE, July 21 (Reuters) - Australia's Oil Search Ltd on
Thursday cleared the way for ExxonMobil Corp to take
over InterOil Corp for $2.2 billion, opting not to raise
its rival offer for its partner in a rich Papua New Guinea gas
field.
Read more
Thursday cleared the way for ExxonMobil Corp to take
over InterOil Corp for $2.2 billion, opting not to raise
its rival offer for its partner in a rich Papua New Guinea gas
field.
Read more
Insurers ignoring risks of oil, gas investments-study
LONDON, July 21 (Reuters) - Only one percent of insurers
globally are assessing the risk of being left with investments
in "stranded assets" -- oil and gas reserves held by companies
which may prove unviable as the world moves to a low-carbon
economy, a study showed on Thursday.
Read more
globally are assessing the risk of being left with investments
in "stranded assets" -- oil and gas reserves held by companies
which may prove unviable as the world moves to a low-carbon
economy, a study showed on Thursday.
Read more
Green Republicans resist Trump's climate denial in Cleveland
CLEVELAND/WASHINGTON, July 20 (Reuters) - Republican
presidential candidate Donald Trump has called climate change a
hoax and has vowed not to let regulation stand in the way of
expanded U.S. oil drilling if elected. But a group of his
supporters at the Republican National Convention in Cleveland
this week are lobbying him to soften that stance.
Read more
presidential candidate Donald Trump has called climate change a
hoax and has vowed not to let regulation stand in the way of
expanded U.S. oil drilling if elected. But a group of his
supporters at the Republican National Convention in Cleveland
this week are lobbying him to soften that stance.
Read more
Casualty of Australia's iron ore war seeks second chance in lithium
SYDNEY, July 20 (Reuters) - Ken Brinsden rode Australia's
iron ore boom up and then down as head of Atlas Iron.
Now he is chasing a new treasure, one fuelled by a metal
powerful enough to propel electric cars to speeds of 250 km (150
miles) per hour: lithium
Read more
iron ore boom up and then down as head of Atlas Iron.
Now he is chasing a new treasure, one fuelled by a metal
powerful enough to propel electric cars to speeds of 250 km (150
miles) per hour: lithium
Read more
Cut in subsidies to make Brazil power costlier but more efficient
SAO PAULO, July 20 (Reuters) - Large private and foreign
groups will displace Brazil's state-led power companies in
upcoming energy auctions, causing consumer electricity bills to
rise as the BNDES development bank cuts long-standing loan
subsidies for the domestic industry.
Read more
groups will displace Brazil's state-led power companies in
upcoming energy auctions, causing consumer electricity bills to
rise as the BNDES development bank cuts long-standing loan
subsidies for the domestic industry.
Read more
CANADA STOCKS-TSX rises to 11-month high, led by financials
TORONTO, July 20 (Reuters) - Canada's main stock index rose
to an 11-month high, then retraced gains to end barely higher on
Wednesday, with gains for railways and banks offset by sharp
losses among gold miners.
Read more
to an 11-month high, then retraced gains to end barely higher on
Wednesday, with gains for railways and banks offset by sharp
losses among gold miners.
Read more
UPDATE 2-Brazil state could ban dam design used at Samarco mine
RIO DE JANEIRO, July 20 (Reuters) - A Brazilian state law to
ban upstream tailings dams, the design used at a dam that
collapsed at the Samarco iron ore mine in November, could be
approved this year, an environmental official for the state of
Minas Gerais told Reuters on Wednesday.
Read more
ban upstream tailings dams, the design used at a dam that
collapsed at the Samarco iron ore mine in November, could be
approved this year, an environmental official for the state of
Minas Gerais told Reuters on Wednesday.
Read more
EU wants more details from Germany before deciding on Russian gas pipeline deal
BRUSSELS, July 20 (Reuters) - The European Commission, which
is due to rule on Russia's plans to pump more gas to Germany via
a land link from its Nord Stream pipeline, says it needs more
details from German regulators before making a decision.
Read more
is due to rule on Russia's plans to pump more gas to Germany via
a land link from its Nord Stream pipeline, says it needs more
details from German regulators before making a decision.
Read more
UPDATE 1-U.S., Enbridge reach $177 million settlement over 2010 oil spills
July 20 (Reuters) - The U.S. government and American units
of Enbridge Inc announced a settlement on Wednesday in
which the Canadian pipeline company will pay $177 million after
two 2010 oil spills that released crude oil in Michigan and
Illinois.
Read more
of Enbridge Inc announced a settlement on Wednesday in
which the Canadian pipeline company will pay $177 million after
two 2010 oil spills that released crude oil in Michigan and
Illinois.
Read more
Britain's FTSE climbs to 11-month closing high as insurers rise
LONDON, July 20 (Reuters) - Britain's top shares index
climbed to its highest closing level in 11 months on Wednesday,
boosted by a rise in insurance stocks, although a slump in Anglo
American pushed down the mining sector.
Read more
climbed to its highest closing level in 11 months on Wednesday,
boosted by a rise in insurance stocks, although a slump in Anglo
American pushed down the mining sector.
Read more
CANADA STOCKS-TSX rises to 11-month high, led by financials
TORONTO, July 20 (Reuters) - Canada's main stock index set
an 11-month high on Wednesday as oil prices turned higher and
financial and energy shares advanced, offsetting losses for gold
stocks as the precious metal fell.
Read more
an 11-month high on Wednesday as oil prices turned higher and
financial and energy shares advanced, offsetting losses for gold
stocks as the precious metal fell.
Read more
U.S., Enbridge reach $177 mln settlement after 2010 oil spills
July 20 (Reuters) - The U.S. Justice Department and
Environmental Protection Agency and U.S. units of Enbridge Inc
reached a settlement under which the pipeline company
will pay $177 million after a 2010 oil spill that released crude
oil in Michigan and Illinois, Enbridge said on Wednesday.
Read more
Environmental Protection Agency and U.S. units of Enbridge Inc
reached a settlement under which the pipeline company
will pay $177 million after a 2010 oil spill that released crude
oil in Michigan and Illinois, Enbridge said on Wednesday.
Read more
Norway to examine competition conditions in oil industry
OSLO, July 20 (Reuters) - Norway's competition watchdog will
look into whether competition rules are being infringed in the
country's oil industry, the industry ministry said on Wednesday.
Read more
look into whether competition rules are being infringed in the
country's oil industry, the industry ministry said on Wednesday.
Read more
As exports struggle, Israel's economy faces slower growth
JERUSALEM, July 20 (Reuters) - For decades, Israel's high
growth was driven by exports of oranges, diamonds,
pharmaceuticals and software, but the picture is changing due to
weak global demand and a strong shekel.
Read more
growth was driven by exports of oranges, diamonds,
pharmaceuticals and software, but the picture is changing due to
weak global demand and a strong shekel.
Read more
UPDATE 5-Brent oil edges up in subdued trade before U.S. stocks data
* Weekly U.S. crude inventory data due at 1430 GMT
(Updates prices, adds Libya oilfield news)
Read more
(Updates prices, adds Libya oilfield news)
Read more
UPDATE 1-Halliburton expects modest uptick in N.America rig count
July 20 (Reuters) - Halliburton Co, the world's No.2
oilfield services provider, reported a smaller-than-expected
quarterly loss and said it expects to see a "modest uptick" in
North American rig count in the second half of the year.
Read more
oilfield services provider, reported a smaller-than-expected
quarterly loss and said it expects to see a "modest uptick" in
North American rig count in the second half of the year.
Read more
Gold is not all that glisters - diamonds act as hedge for the rich
GENEVA/LONDON, July 20 (Reuters) - In a packed Christie's
auction room in Geneva, one could hear a pin drop as two
anonymous bidders slugged it out in their quest to own the
world's most exquisite blue diamond.
Read more
auction room in Geneva, one could hear a pin drop as two
anonymous bidders slugged it out in their quest to own the
world's most exquisite blue diamond.
Read more
European shares get tech boost as SAP and ASML surge on results
LONDON, July 20 (Reuters) - European shares advanced on
Wednesday, with the technology sector leading the market higher
after SAP and ASML Holding reported
forecast-beating quarterly results.
Read more
Wednesday, with the technology sector leading the market higher
after SAP and ASML Holding reported
forecast-beating quarterly results.
Read more
Britain's FTSE rallies though miners lag
LONDON, July 20 (Reuters) - UK shares advanced on Wednesday,
supported by recent currency weakness and gains in healthcare
stocks, though miners fell after updates from Anglo American
and BHP Billiton.
Read more
supported by recent currency weakness and gains in healthcare
stocks, though miners fell after updates from Anglo American
and BHP Billiton.
Read more
Tuesday, July 19, 2016
Taiwan fishermen pack flags, noodles, set sail for disputed South China Sea "island"
PINGTUNG, Taiwan, July 20 (Reuters) - Five Taiwanese fishing
boats set sail for Taiwan's sole holding in the South China Sea
on Wednesday in protest against a court ruling that deems it a
rock rather than an island, limiting its rights to surrounding
resource-rich waters.
Read more
boats set sail for Taiwan's sole holding in the South China Sea
on Wednesday in protest against a court ruling that deems it a
rock rather than an island, limiting its rights to surrounding
resource-rich waters.
Read more
UPDATE 2-Chesapeake sued for allegedly rigging U.S. oil, natgas leases
July 19 (Reuters) - Investors who sold oil and natural gas
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging that they conspired to depress
the market for those leases.
Read more
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging that they conspired to depress
the market for those leases.
Read more
BHP misses full-yr iron ore guidance by 3 mln/t
SYDNEY, July 20 (Reuters) - BHP Billiton
said on Wednesday it fell three million tonnes short of its iron
ore production guidance for fiscal 2016 due to its Samarco
disaster in Brazil.
Read more
said on Wednesday it fell three million tonnes short of its iron
ore production guidance for fiscal 2016 due to its Samarco
disaster in Brazil.
Read more
Chesapeake sued for allegedly rigging bids on U.S. oil, natgas leases
July 19 (Reuters) - Investors who sold oil and natural gas
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging that they conspired to depress
the market for those leases.
Read more
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging that they conspired to depress
the market for those leases.
Read more
U.S. approves $785 mln bomb sale to UAE ally against Islamic State
WASHINGTON, July 19 (Reuters) - The U.S. State Department
has approved the sale of $785 million in bombs to the United
Arab Emirates for the U.S.-led campaign against Islamic State
militants in Syria and Iraq, the Pentagon said on Tuesday.
Read more
has approved the sale of $785 million in bombs to the United
Arab Emirates for the U.S.-led campaign against Islamic State
militants in Syria and Iraq, the Pentagon said on Tuesday.
Read more
Gulf Keystone shares spike and plunge after junk bond deal
LONDON, July 19 (Reuters) - Gulf Keystone's stock
spiked and fell by a third on Tuesday as retail investors
flooded chatrooms trying to figure out how junk bond funds led
by former JP Morgan and Lehman Brothers traders will help
restructure the oil firm.
Read more
spiked and fell by a third on Tuesday as retail investors
flooded chatrooms trying to figure out how junk bond funds led
by former JP Morgan and Lehman Brothers traders will help
restructure the oil firm.
Read more
Petrobras inclined to redo fuel unit stake sale -source
SAO PAULO, July 19 (Reuters) - Brazil's state-controlled
Petróleo Brasileiro SA is inclined to restart the process of
selling part of BR Distribuidora SA, a source with direct
knowledge of the matter said, as a recent bidding round put a
low price tag on the fuel distribution unit.
Read more
Petróleo Brasileiro SA is inclined to restart the process of
selling part of BR Distribuidora SA, a source with direct
knowledge of the matter said, as a recent bidding round put a
low price tag on the fuel distribution unit.
Read more
Formerly laggard U.S. stocks poised to keep leading in 2016 -Fundstrat
NEW YORK, July 19 (Reuters) - Gains for equities in 2016
have been buoyed by stocks that lagged during the bull market, a
trend that analysts at Fundstrat say is likely to continue in
the back half of the year as they have not come close to
recouping their underperformance.
Read more
have been buoyed by stocks that lagged during the bull market, a
trend that analysts at Fundstrat say is likely to continue in
the back half of the year as they have not come close to
recouping their underperformance.
Read more
Argentina's Pampa Energia sells TGS gas stake in $241 mln deal
BUENOS AIRES, July 19 (Reuters) - Argentine utilities
company Pampa Energia said on Tuesday it had sold its
indirect stake in local natural gas supplier Transportadora de
Gas del Sur (TGS) for $241 million.
Read more
company Pampa Energia said on Tuesday it had sold its
indirect stake in local natural gas supplier Transportadora de
Gas del Sur (TGS) for $241 million.
Read more
Hunger, looting and now suspected cholera hit South Sudan
GENEVA, July 19 (Reuters) - Dozens of people have fallen ill
with suspected cholera in South Sudan's capital of Juba, while a
U.N. food warehouse was looted and destroyed, incurring $20
million of damage, the United Nations said on Tuesday.
Read more
with suspected cholera in South Sudan's capital of Juba, while a
U.N. food warehouse was looted and destroyed, incurring $20
million of damage, the United Nations said on Tuesday.
Read more
UPDATE 3-Tesla shortens web address, mum on formal name change
DETROIT, July 19 (Reuters) - Electric vehicle maker Tesla
Motors Inc has changed its internet address from
teslamotors.com to tesla.com, hinting at a possible company name
change as part of CEO Elon Musk's latest and still undisclosed
"master plan."
Read more
Motors Inc has changed its internet address from
teslamotors.com to tesla.com, hinting at a possible company name
change as part of CEO Elon Musk's latest and still undisclosed
"master plan."
Read more
IMF predicts Nigeria's economy will contract by 1.8 pct in 2016
LAGOS, July 19 (Reuters) - Nigeria's economy, the biggest in
Africa, is likely to contract by 1.8 percent this year, the
International Monetary Fund (IMF) said on Tuesday, as the
country grapples with the impact of low oil prices.
Read more
Africa, is likely to contract by 1.8 percent this year, the
International Monetary Fund (IMF) said on Tuesday, as the
country grapples with the impact of low oil prices.
Read more
UPDATE 5-Oil steady ahead of U.S. stocks data; Libya limits loss
* Coming up: API report on U.S. crude stockpiles (2030 GMT)
(New throughout, updates market activity and comments to U.S.
session; changes byline and dateline, previously LONDON)
Read more
(New throughout, updates market activity and comments to U.S.
session; changes byline and dateline, previously LONDON)
Read more
UPDATE 2-Philippines says it rejected China offer of talks on South China Sea
MANILA, July 19 (Reuters) - The Philippines has turned down
a Chinese proposal to start bilateral talks on their South China
Sea dispute, its foreign minister said on Tuesday, because of
Beijing's pre-condition of not discussing a court ruling that
nullified most of its claims.
Read more
a Chinese proposal to start bilateral talks on their South China
Sea dispute, its foreign minister said on Tuesday, because of
Beijing's pre-condition of not discussing a court ruling that
nullified most of its claims.
Read more
UPDATE 1-Libya suspends Sarir oil output due to Hariga port protest
BENGHAZI, Libya, July 19 (Reuters) - A protest over wages
that has shut the eastern Libyan oil terminal of Hariga has
forced the operator of the Sarir oil field to suspend
production of 100,000 barrels per day, an oil company spokesman
said on Tuesday.
Read more
that has shut the eastern Libyan oil terminal of Hariga has
forced the operator of the Sarir oil field to suspend
production of 100,000 barrels per day, an oil company spokesman
said on Tuesday.
Read more
Rotterdam offers burial at sea for greenhouse gases
ROTTERDAM, Netherlands/GHENT, Belgium, July 19 (Reuters) - A
scheme to collect millions of tonnes of greenhouse gases and
bury them under the North Sea off the coast of Rotterdam is
Europe's best hope of showing it can make carbon capture and
storage (CCS) technology work.
Read more
scheme to collect millions of tonnes of greenhouse gases and
bury them under the North Sea off the coast of Rotterdam is
Europe's best hope of showing it can make carbon capture and
storage (CCS) technology work.
Read more
Saipem-led consortium wants up to $49 mln more for building Polish LNG terminal
WARSAW, July 19 (Reuters) - The consortium that built
Poland's new liquefied natural gas (LNG) terminal has filed a
request for an additional payment of up to $49 million for the
project from Polskie LNG, which operates the facility, a
consortium member said on Tuesday.
Read more
Poland's new liquefied natural gas (LNG) terminal has filed a
request for an additional payment of up to $49 million for the
project from Polskie LNG, which operates the facility, a
consortium member said on Tuesday.
Read more
Dodging costs and power cuts, Tanzanian firms profit from solar drive
ARUSHA, Tanzania, July 19 (Thomson Reuters Foundation) -
M karima Tarimo, managing director of Tarimo Industries, a
Tanzanian company producing ice cream, yoghurt and fruit juice
for export to Europe, is a happy man.
Read more
M karima Tarimo, managing director of Tarimo Industries, a
Tanzanian company producing ice cream, yoghurt and fruit juice
for export to Europe, is a happy man.
Read more
SE Asia Stocks-Singapore slips on lower oil prices; Vietnam down nearly 1 pct
By Aparajita Saxena
July 19 (Reuters) - Southeast Asia stocks were sluggish on
Tuesday, with Vietnam closing nearly 1 percent lower after blue
chips lost ground, while Singapore fell, dragged down by oil and
gas stocks.
Vietnam slipped in afternoon trade, dragged down by
energy stocks, with top-listed energy firm by value Petrovietnam
Gas Joint Stock Corp down 1.54 percent.
Singapore finished down 0.3 percent, tracking lower
global oil prices.
Oil prices eased on Tuesday as conc
Read more
July 19 (Reuters) - Southeast Asia stocks were sluggish on
Tuesday, with Vietnam closing nearly 1 percent lower after blue
chips lost ground, while Singapore fell, dragged down by oil and
gas stocks.
Vietnam slipped in afternoon trade, dragged down by
energy stocks, with top-listed energy firm by value Petrovietnam
Gas Joint Stock Corp down 1.54 percent.
Singapore finished down 0.3 percent, tracking lower
global oil prices.
Oil prices eased on Tuesday as conc
Read more
RPT-Exodus of professional workers reshaping Qatar
DOHA, July 18 (Reuters) - Five years ago Samer Habib left
the United Arab Emirates and moved to Qatar where he opened a
restaurant that turned a profit serving Lebanese salads and
sandwiches to expats.
Read more
the United Arab Emirates and moved to Qatar where he opened a
restaurant that turned a profit serving Lebanese salads and
sandwiches to expats.
Read more
Monday, July 18, 2016
COLUMN-ExxonMobil's offer for InterOil a model for buying at the bottom: Russell
LAUNCESTON, Australia, July 19 (Reuters) - ExxonMobil Corp's
bid to buy a junior natural gas explorer in a remote Pacific
country shows that rare corporate ability of planning a deal at
the bottom of the commodity cycle that holds the promise of
long-term returns.
Read more
bid to buy a junior natural gas explorer in a remote Pacific
country shows that rare corporate ability of planning a deal at
the bottom of the commodity cycle that holds the promise of
long-term returns.
Read more
S.Korea won pressured by Chinese yuan's fall, stocks down
* China's yuan falls to more than 5-yr low vs dlr
* KOSPI down after 7-day rally
SEOUL, July 19 (Reuters) - The South Korean won eased
on Tuesday morning, pressured by the Chinese yuan's sharp fall
against the dollar late in the previous day, though foreign
buying of Seoul stocks could limit any further losses in the
won.
The won was quoted at 1,141.1 as of 0157 GMT,
down 0.4 percent from Monday's close at 1,136.4.
China's yuan slipped below the psychologically important
level
Read more
* KOSPI down after 7-day rally
SEOUL, July 19 (Reuters) - The South Korean won eased
on Tuesday morning, pressured by the Chinese yuan's sharp fall
against the dollar late in the previous day, though foreign
buying of Seoul stocks could limit any further losses in the
won.
The won was quoted at 1,141.1 as of 0157 GMT,
down 0.4 percent from Monday's close at 1,136.4.
China's yuan slipped below the psychologically important
level
Read more
Murray Energy working with investment banks on debt relief -sources
July 18 (Reuters) - Murray Energy Corp, one of
the largest privately held U.S. coal miners, is working with
investment banks to renegotiate terms of its credit agreements
in a bid to stave off bankruptcy, people familiar with the talks
said on Monday.
Read more
the largest privately held U.S. coal miners, is working with
investment banks to renegotiate terms of its credit agreements
in a bid to stave off bankruptcy, people familiar with the talks
said on Monday.
Read more
UPDATE 3-Profits tumble at Mexico's Alfa in Q2, hit by weak peso
MONTERREY, Mexico, July 18 (Reuters) - Mexican conglomerate
Alfa posted a 70.9 percent drop in profits in the second
quarter, dragged down by a depreciation in the peso currency,
the company said on Monday.
Read more
Alfa posted a 70.9 percent drop in profits in the second
quarter, dragged down by a depreciation in the peso currency,
the company said on Monday.
Read more
UPDATE 1-Tesoro settles with U.S. over air violations at Western refineries
WASHINGTON, July 18 (Reuters) - U.S. oil refiner Tesoro Corp
said on Monday it has reached a $10.4 million settlement
with the United States for air quality violations at refineries
in six Western states.
Read more
said on Monday it has reached a $10.4 million settlement
with the United States for air quality violations at refineries
in six Western states.
Read more
UPDATE 2-Ghana slashes 2016 GDP growth forecast to 4.1 pct
ACCRA, July 18 (Reuters) - Ghana has cut its 2016 economic
growth forecast sharply to 4.1 percent from 5.4 percent due to
lower export prices and irregular oil production, Finance
Minister Seth Terkper told Reuters on Monday.
Read more
growth forecast sharply to 4.1 percent from 5.4 percent due to
lower export prices and irregular oil production, Finance
Minister Seth Terkper told Reuters on Monday.
Read more
Exodus of professional workers reshaping Qatar
DOHA, July 18 (Reuters) - Five years ago Samer Habib left
the United Arab Emirates and moved to Qatar where he opened a
restaurant that turned a profit serving Lebanese salads and
sandwiches to expats.
Read more
the United Arab Emirates and moved to Qatar where he opened a
restaurant that turned a profit serving Lebanese salads and
sandwiches to expats.
Read more
UPDATE 3-Bank of America sets new cost target under pressure from low rates
July 18 (Reuters) - Bank of America Corp reported a
19-percent drop in second-quarter profit on Monday and set a new
expense target as growth in businesses from lending to trading
failed to offset the impact of persistently low interest rates.
Read more
19-percent drop in second-quarter profit on Monday and set a new
expense target as growth in businesses from lending to trading
failed to offset the impact of persistently low interest rates.
Read more
UPDATE 1-Militants attack state-run Nigerian oil pipeline
YENAGOA, Nigeria, July 18 (Reuters) - Militants in Nigeria
have attacked a crude oil pipeline on the outskirts of Warri, a
city in the Niger Delta, which is operated by a subsidiary of
the Nigerian National Petroleum Corporation (NNPC), a community
leader said on Monday.
Read more
have attacked a crude oil pipeline on the outskirts of Warri, a
city in the Niger Delta, which is operated by a subsidiary of
the Nigerian National Petroleum Corporation (NNPC), a community
leader said on Monday.
Read more
Bank of America profit falls 19.4 pct as provisions rise
July 18 (Reuters) - Bank of America Corp, the
second-largest U.S. bank by assets, reported a 19.4 percent fall
in quarterly profit on Monday as it set aside more money to
cover potential bad loans and earned less on its loans.
Read more
second-largest U.S. bank by assets, reported a 19.4 percent fall
in quarterly profit on Monday as it set aside more money to
cover potential bad loans and earned less on its loans.
Read more
UPDATE 2-China admiral warns freedom of navigation patrols could end "in disaster"
BEIJING, July 18 (Reuters) - Freedom of navigation patrols
carried out by foreign navies in the South China Sea could end
"in disaster", a senior Chinese admiral has said, a warning to
the United States after last week's ruling against Beijing's
claims in the area.
Read more
carried out by foreign navies in the South China Sea could end
"in disaster", a senior Chinese admiral has said, a warning to
the United States after last week's ruling against Beijing's
claims in the area.
Read more
UPDATE 3-Oil prices largely unchanged as market shrugs off Turkey coup bid
* Headwinds growing for oil demand growth - Morgan Stanley
(Updates throughout, adds comment, changes dateline from
SINGAPORE)
Read more
(Updates throughout, adds comment, changes dateline from
SINGAPORE)
Read more
Britain's FTSE boosted by surge in ARM after SoftBank deal
LONDON, July 18 (Reuters) - UK shares opened higher on
Monday, buoyed by a jump in ARM Holdings' after Japan's
SoftBank Group Corp agreed to buy the British chip
designer.
Read more
Monday, buoyed by a jump in ARM Holdings' after Japan's
SoftBank Group Corp agreed to buy the British chip
designer.
Read more
SBM shares leap as investors cheer Brazil corruption settlement
AMSTERDAM, July 18 (Reuters) - Shares in Dutch offshore
engineer SBM Offshore opened up more than 10 percent
on Monday on news that the company had reached a deal with
Brazilian authorities in a long-running corruption probe.
Read more
engineer SBM Offshore opened up more than 10 percent
on Monday on news that the company had reached a deal with
Brazilian authorities in a long-running corruption probe.
Read more
Oil producer EnQuest in talks to farm out N.Sea development stake
July 18 (Reuters) - EnQuest Plc said it was in talks
with Israeli conglomerate Delek Group Ltd to farm out
a 20 percent interest in the Kraken development in the UK North
Sea, as the London-listed oil producer explored ways to cut its
debt.
Read more
with Israeli conglomerate Delek Group Ltd to farm out
a 20 percent interest in the Kraken development in the UK North
Sea, as the London-listed oil producer explored ways to cut its
debt.
Read more
Sunday, July 17, 2016
COLUMN-Iron ore volatility masks positive shift in fundamentals: Russell
LAUNCESTON, Australia, July 18 (Reuters) - Iron ore's wild
price gyrations this year may be masking a small, but
significant, shift in the underlying fundamentals for the
steel-making ingredient.
Read more
price gyrations this year may be masking a small, but
significant, shift in the underlying fundamentals for the
steel-making ingredient.
Read more
ExxonMobil bids $2.2 bln for InterOil, may spark bidding war
MELBOURNE, July 18 (Reuters) - ExxonMobil Corp has made a
bid worth at least $2.2 billion for Papua New Guinea-focused
InterOil Corp, winning the support of InterOil and
topping an offer from Oil Search Ltd, Oil Search said
on Monday.
Read more
bid worth at least $2.2 billion for Papua New Guinea-focused
InterOil Corp, winning the support of InterOil and
topping an offer from Oil Search Ltd, Oil Search said
on Monday.
Read more
Oil prices little changed as market shrugs off Turkey coup bid
SINGAPORE, July 18 (Reuters) - Oil prices were little
unchanged in early Asian trade on Monday as traders shrugged off
the impact of Friday's attempted coup in Turkey.
Read more
unchanged in early Asian trade on Monday as traders shrugged off
the impact of Friday's attempted coup in Turkey.
Read more
RPT-COLUMN-U.S. gas prices must rise to rebalance market: Kemp
LONDON, July 15 (Reuters) - The U.S. natural gas market is
on an unsustainable course as low prices stimulate strong growth
in consumption while production is flat or falling.
Read more
on an unsustainable course as low prices stimulate strong growth
in consumption while production is flat or falling.
Read more
Chiller in Manila: Filipinos fume as snail-pace internet leaves business on ice
MANILA, July 18 (Reuters) - Patrolling downtown Manila in
his new Toyota, Uber driver Daniel Canezal is grumpy. It's not
from the heat, grime or traffic of the capital's clogged streets
- it's the Philippines' ramshackle internet service that is
making his life a misery.
Read more
his new Toyota, Uber driver Daniel Canezal is grumpy. It's not
from the heat, grime or traffic of the capital's clogged streets
- it's the Philippines' ramshackle internet service that is
making his life a misery.
Read more
Crude prices trade little-changed after Turkey's failed coup
NEW YORK, July 17 (Reuters) - Oil prices were either side of
unchanged on Sunday in early trade as the impact from Turkey's
failed military coup was broadly expected to be limited on
global markets.
Read more
unchanged on Sunday in early trade as the impact from Turkey's
failed military coup was broadly expected to be limited on
global markets.
Read more
COMMODITIES-Crude prices trade little changed after failed Turkey coup
NEW YORK, July 17 (Reuters) - Oil prices were mixed and gold
prices were under pressure on Sunday in early trade as traders
digested the impact from Turkey's military coup, which was
broadly expected to be limited on global markets.
Read more
prices were under pressure on Sunday in early trade as traders
digested the impact from Turkey's military coup, which was
broadly expected to be limited on global markets.
Read more
Sao Tome votes as President da Costa runs for second term
SAO TOME, July 17 (Reuters) - Sao Tome and Principe voted in
a presidential election on Sunday in which incumbent Manuel
Pinto da Costa is looking to win a second term against four
opponents including a former speaker of parliament.
Read more
a presidential election on Sunday in which incumbent Manuel
Pinto da Costa is looking to win a second term against four
opponents including a former speaker of parliament.
Read more
Saudi always reacts to oil supply and demand, watching market - minister
RIYADH, July 17 (Reuters) - Saudi Arabia's energy minister
said on Sunday the kingdom always reacts to oil market supply
and demand and it would continue to monitor crude markets for
any developments.
Read more
said on Sunday the kingdom always reacts to oil market supply
and demand and it would continue to monitor crude markets for
any developments.
Read more
FACTBOX-Turkey's huge and rising role in world trade of oil, gas, grains
July 17 (Reuters) - A failed Turkish military coup attempt
briefly closed the Bosphorus Strait to shipping traffic on
Saturday, reminding the world of Turkey's huge and growing
importance as a transit route for commodities between Russia,
Central Asia and Europe.
Read more
briefly closed the Bosphorus Strait to shipping traffic on
Saturday, reminding the world of Turkey's huge and growing
importance as a transit route for commodities between Russia,
Central Asia and Europe.
Read more
UPDATE 1-Quake of magnitude 5.0 hits Tokyo and eastern Japan, no major damage
TOKYO, July 17 (Reuters) - An earthquake with a magnitude of
5.0 struck eastern Japan on Sunday and shook buildings in Tokyo,
officials and witnesses said, but there was no danger of a
tsunami and no immediate report of injuries or major damage.
Read more
5.0 struck eastern Japan on Sunday and shook buildings in Tokyo,
officials and witnesses said, but there was no danger of a
tsunami and no immediate report of injuries or major damage.
Read more
Saturday, July 16, 2016
Turkmenistan's first-half GDP growth slows to 6.1 pct
ASHGABAT, July 16 (Reuters) - Turkmenistan's gross domestic
product growth slowed to 6.1 percent in the first half of 2016
from 9.1 percent a year earlier, official newspaper Neutral
Turkmenistan reported on Saturday.
Read more
product growth slowed to 6.1 percent in the first half of 2016
from 9.1 percent a year earlier, official newspaper Neutral
Turkmenistan reported on Saturday.
Read more
Earthquake measuring 5.0 rattles Tokyo and eastern Japan
TOKYO, July 17 (Reuters) - An earthquake with a magnitude of
5.0 struck eastern Japan on Sunday, Japan's Meteorological
Agency and the US Geological Survey (USGS) said, rattling
buildings in Tokyo.
Read more
5.0 struck eastern Japan on Sunday, Japan's Meteorological
Agency and the US Geological Survey (USGS) said, rattling
buildings in Tokyo.
Read more
Saudi Arabia welcomes end of coup attempt in Turkey - state media
DUBAI, July 16 (Reuters) - Saudi Arabia welcomed Turkish
President Tayyip Erdogan's success in prevailing against a coup
attempt, state news agency SPA quoted a foreign ministry
official as saying on Saturday.
Read more
President Tayyip Erdogan's success in prevailing against a coup
attempt, state news agency SPA quoted a foreign ministry
official as saying on Saturday.
Read more
UPDATE 2-Turkey reopens key route for oil, grains transit after coup attempt
* Turkey also important transit route for Black Sea grain
(Updates with ban lifted, tankers queue)
Read more
(Updates with ban lifted, tankers queue)
Read more
Friday, July 15, 2016
UPDATE 2-Trump's expected VP pick: coal advocate who defied Obama's climate agenda
WASHINGTON/NEW YORK July 15 (Reuters) - Republican Donald
Trump's selection of Indiana Governor Mike Pence as his running
mate cheered the U.S. energy industry and dismayed green
advocates, with both sides citing Pence's support for coal
mining and defiance of President Barack Obama's climate-change
agenda.
Read more
Trump's selection of Indiana Governor Mike Pence as his running
mate cheered the U.S. energy industry and dismayed green
advocates, with both sides citing Pence's support for coal
mining and defiance of President Barack Obama's climate-change
agenda.
Read more
Red-hot rally in gold and silver cools streaming deal bonanza
VANCOUVER/TORONTO, July 15 (Reuters) - Soaring gold and
silver prices have clipped a deal-making spree for metals
streaming companies - the mining financiers that provided a
lifeline to the cash-strapped industry in recent years.
Read more
silver prices have clipped a deal-making spree for metals
streaming companies - the mining financiers that provided a
lifeline to the cash-strapped industry in recent years.
Read more
EU's statement on South China Sea reflects divisions
BRUSSELS, July 15 (Reuters) - The European Union issued a
statement on Friday noting China's legal defeat over the South
China Sea but avoided direct reference to Beijing, reflecting
discord among EU governments over how strongly to respond to the
court ruling.
Read more
statement on Friday noting China's legal defeat over the South
China Sea but avoided direct reference to Beijing, reflecting
discord among EU governments over how strongly to respond to the
court ruling.
Read more
CANADA STOCKS-TSX little changed as banks gain amid broader decline
TORONTO, July 15 (Reuters) - Canada's main stock index was
little changed on Friday as heavyweight bank stocks made some
gains, while most other groups including gold miners, energy
producers and telecom and technology stocks weighed.
Read more
little changed on Friday as heavyweight bank stocks made some
gains, while most other groups including gold miners, energy
producers and telecom and technology stocks weighed.
Read more
UPDATE 1-Citigroup's quarterly profit falls 14 pct, less than indicated
July 15 (Reuters) - Citigroup Inc reported a 14
percent fall in quarterly profit, much smaller than the 25
percent drop Chief Executive Michael Corbat had warned of early
in June.
Read more
percent fall in quarterly profit, much smaller than the 25
percent drop Chief Executive Michael Corbat had warned of early
in June.
Read more
UPDATE 5-Oil gains as U.S., China data points to stronger demand
* But high crude and refined product stocks weigh
(Recasts, adds U.S. retail data, updates prices)
Read more
(Recasts, adds U.S. retail data, updates prices)
Read more
Citigroup's quarterly profit falls 14 pct, less than indicated
July 15 (Reuters) - Citigroup Inc reported a 14
percent fall in quarterly profit, much smaller than the 25
percent drop Chief Executive Michael Corbat had warned of early
in June.
Read more
percent fall in quarterly profit, much smaller than the 25
percent drop Chief Executive Michael Corbat had warned of early
in June.
Read more
Russian court will begin trial over Total CEO's death on July 28 -media
MOSCOW, July 15 (Reuters) - A Russian court will on July 28
start the trial of airport staff charged in the death of
Christophe Margerie, the head of French oil major Total who was
killed when his jet collided with a snow plough in a Moscow
airport, Russian media reported on Friday.
Read more
start the trial of airport staff charged in the death of
Christophe Margerie, the head of French oil major Total who was
killed when his jet collided with a snow plough in a Moscow
airport, Russian media reported on Friday.
Read more
China tells Japan to stop "interfering" in South China Sea issue
BEIJING, July 15 (Reuters) - Chinese Premier Li Keqiang told
Japanese Prime Minister Shinzo Abe on Friday that Japan should
stop "hyping up and interfering in" the South China Sea issue,
state news agency Xinhua said.
Read more
Japanese Prime Minister Shinzo Abe on Friday that Japan should
stop "hyping up and interfering in" the South China Sea issue,
state news agency Xinhua said.
Read more
Japan, Vietnam agree South China Sea ruling must be observed-Kyodo
TOKYO, July 15 (Reuters) - Japanese Prime Minister Shinzo
Abe agreed with his Vietnamese counterpart that an arbitration
court's decision this week on the South China Sea must be
observed, Japan's Kyodo news agency said on Friday.
Read more
Abe agreed with his Vietnamese counterpart that an arbitration
court's decision this week on the South China Sea must be
observed, Japan's Kyodo news agency said on Friday.
Read more
Japan PM tells China's Li international law must be respected -Kyodo
TOKYO, July 15 (Reuters) - Japanese Prime Minister Shinzo
Abe told Chinese Premier Li Keqiang that a rules-based
international order must be respected, Japan's Kyodo news agency
on Friday quoted a senior Japanese official as saying.
Read more
Abe told Chinese Premier Li Keqiang that a rules-based
international order must be respected, Japan's Kyodo news agency
on Friday quoted a senior Japanese official as saying.
Read more
UPDATE 1-China media again touts plans to float nuclear reactors in disputed South China Sea
BEIJING, July 15 (Reuters) - China aims to launch a series
of offshore nuclear power platforms to promote development in
the South China Sea, state media said again on Friday, days
after an international court ruled Beijing had no historic
claims to most of the waters.
Read more
of offshore nuclear power platforms to promote development in
the South China Sea, state media said again on Friday, days
after an international court ruled Beijing had no historic
claims to most of the waters.
Read more
Land scheme abuses thwart Indian Kashmir's energy ambitions
SRINIGAR, India, July 15 (Thomson Reuters Foundation) -
Mismanagement of a flagship land ownership scheme in India's
northern Jammu and Kashmir state, banked on by the regional
government to generate cash to build its own power plants, is
holding back local ambitions for energy independence.
Read more
Mismanagement of a flagship land ownership scheme in India's
northern Jammu and Kashmir state, banked on by the regional
government to generate cash to build its own power plants, is
holding back local ambitions for energy independence.
Read more
Philippines foreign minister calls for South China Sea restraint
ULAANBATAAR, July 15 (Reuters) - The Philippines strongly
affirms its respect for the arbitration court's ruling on the
South China Sea and calls on all parties to exercise restraint,
Foreign Minister Perfecto Yasay said on Friday at a regional
summit in Mongolia.
Read more
affirms its respect for the arbitration court's ruling on the
South China Sea and calls on all parties to exercise restraint,
Foreign Minister Perfecto Yasay said on Friday at a regional
summit in Mongolia.
Read more
China media again touts plans to float nuclear reactors in disputed South China Sea
BEIJING, July 15 (Reuters) - China aims to launch a series
of offshore nuclear power platforms to promote development in
the South China Sea, state media said again on Friday, days
after an international court ruled Beijing had no historic
claims to most of the waters.
Read more
of offshore nuclear power platforms to promote development in
the South China Sea, state media said again on Friday, days
after an international court ruled Beijing had no historic
claims to most of the waters.
Read more
Thursday, July 14, 2016
Stormy seas hit Chile copper exports, could buoy prices
MELBOURNE/SANTIAGO July 15 (Reuters) - Choppy seas off the
coast of Chile caused widespread delays to copper shipments from
the world's top producer in the second half of June, potentially
supporting prices in a market grappling with oversupply.
Read more
coast of Chile caused widespread delays to copper shipments from
the world's top producer in the second half of June, potentially
supporting prices in a market grappling with oversupply.
Read more
UPDATE 1-Pan American Energy to invest $1.4 bln in Argentina this year
BUENOS AIRES, July 14 (Reuters) - Pan American Energy LLC
, a unit of BP, said on Thursday that it will
invest $1.4 billion in exploring and producing Argentina's
conventional and unconventional energy reserves.
Read more
, a unit of BP, said on Thursday that it will
invest $1.4 billion in exploring and producing Argentina's
conventional and unconventional energy reserves.
Read more
Deepwater Wind proposes offshore wind power for New York's Long Island
July 14 (Reuters) - Privately held wind power developer
Deepwater Wind has proposed supplying Long Island with 90
megawatts of offshore wind energy, the company said on Thursday.
Read more
Deepwater Wind has proposed supplying Long Island with 90
megawatts of offshore wind energy, the company said on Thursday.
Read more
Trump's expected VP pick: coal advocate who defied Obama's climate agenda
WASHINGTON/NEW YORK July 14 (Reuters) - Republican Donald
Trump's expected selection of Indiana Governor Mike Pence as his
running mate cheered the U.S. energy industry and dismayed green
advocates on Thursday, with both sides citing Pence's support
for coal mining and defiance of President Barack Obama's
climate-change agenda.
Read more
Trump's expected selection of Indiana Governor Mike Pence as his
running mate cheered the U.S. energy industry and dismayed green
advocates on Thursday, with both sides citing Pence's support
for coal mining and defiance of President Barack Obama's
climate-change agenda.
Read more
Williams attracts at least 7 bidders for Canadian unit -sources
TORONTO, July 14 (Reuters) - Williams Cos Inc's
Canadian unit has attracted at least seven bidders, including
Enbridge Inc and Pembina Pipeline Corp, that
could bring the U.S. pipeline company up to $2 billion, people
familiar with the situation said.
Read more
Canadian unit has attracted at least seven bidders, including
Enbridge Inc and Pembina Pipeline Corp, that
could bring the U.S. pipeline company up to $2 billion, people
familiar with the situation said.
Read more
Subscribe to:
Posts (Atom)