Sept 1 (Reuters) - Most Southeast Asian stocks fell on
Thursday, in line with Asian peers, as investors shrugged off an
official survey showing Chinese factory activity unexpectedly
expanded in August, to focus on a U.S. jobs report that could
determine the timing of a rate increase by the Federal Reserve.
U.S. nonfarm payrolls data due on Friday remains this week's
key market focus after Federal Reserve Vice Chair Stanley
Fischer said last week the data would be a factor as to when the
cent
Read more
Wednesday, August 31, 2016
China's top planning agency vows to streamline investment approvals
BEIJING, Sept 1 (Reuters) - China's top planning agency said
on Thursday it would continue to cut red tape, including
steamlining approvals on investment projects, in the latest bid
to bolster the economy.
Read more
on Thursday it would continue to cut red tape, including
steamlining approvals on investment projects, in the latest bid
to bolster the economy.
Read more
Japan woos Russia with deeper economic ties in face of rising China
TOKYO, Sept 1 (Reuters) - Japan is hoping the lure of deeper
economic ties with Russia will strengthen strategic relations in
the face of a rising China, but sceptics question whether the
approach will generate a breakthrough in a decades-old
territorial dispute.
Read more
economic ties with Russia will strengthen strategic relations in
the face of a rising China, but sceptics question whether the
approach will generate a breakthrough in a decades-old
territorial dispute.
Read more
Oil prices rebound on weaker dollar despite bigger-than-expected US stock build
SINGAPORE, Sept 1 (Reuters) - Oil prices rose in early Asian
trade on Thursday, rebounding on a weaker U.S. dollar after
falling around 3 percent or more in the previous session
following a surprisingly large build in U.S. crude and
distillate stocks last week.
Read more
trade on Thursday, rebounding on a weaker U.S. dollar after
falling around 3 percent or more in the previous session
following a surprisingly large build in U.S. crude and
distillate stocks last week.
Read more
UK gov't needs stronger response to VW emissions scandal-committee
LONDON, Sept 1 (Reuters) - The British government should
take a tougher stance against Volkswagen after its emissions
fraud, as well as increase the use of electric cars and reduce
air pollution from transport, a parliamentary environment
committee said on Thursday.
Read more
take a tougher stance against Volkswagen after its emissions
fraud, as well as increase the use of electric cars and reduce
air pollution from transport, a parliamentary environment
committee said on Thursday.
Read more
UPDATE 1-Paralympics-Brazil's Petrobras to pay $3.25 mln to aid troubled Games
RIO DE JANEIRO, Aug 31 (Reuters) - Brazilian oil company Petroleo Brasileiro SA said on Wednesday it will spend 10.5 million reais ($3.25 million) to buy marketing rights to the financially troubled Rio de Janeiro Paralympic Games.
Read more
Read more
UPDATE 2-Obama highlights climate progress at home before journey overseas
LAKE TAHOE, Nev., Aug 31 (Reuters) - U.S. President Barack
Obama said on Wednesday that preserving natural places would
help the world adapt to warming temperatures as he began a
10-day trip to stress the urgency of curbing climate change and
attend a G20 meeting in China.
Read more
Obama said on Wednesday that preserving natural places would
help the world adapt to warming temperatures as he began a
10-day trip to stress the urgency of curbing climate change and
attend a G20 meeting in China.
Read more
UPDATE 5-Brazil's Rousseff ousted by Senate, Temer sworn in
BRASILIA, Aug 31 (Reuters) - Brazil's Senate ousted
President Dilma Rousseff on Wednesday, ending an impeachment
process that polarized Latin America's biggest country amid a
massive corruption scandal and brutal economic crisis.
Read more
President Dilma Rousseff on Wednesday, ending an impeachment
process that polarized Latin America's biggest country amid a
massive corruption scandal and brutal economic crisis.
Read more
UPDATE 3-Tropical Storm Hermine nears Florida, Hawaii on hurricane watch
TAMPA, Fla., Aug 31 (Reuters) - A tropical storm developing
in the Gulf of Mexico could produce near hurricane-force winds
by the time it makes landfall in Florida, the National Hurricane
Center said on Wednesday.
Read more
in the Gulf of Mexico could produce near hurricane-force winds
by the time it makes landfall in Florida, the National Hurricane
Center said on Wednesday.
Read more
CANADA STOCKS-TSX falls on commodity retreat, ekes out August gain
TORONTO, Aug 31 (Reuters) - Canada's main stock index fell
on Wednesday as lower oil and gold prices weighed on energy
companies and miners, while financial and other interest
rate-sensitive stocks slipped as investors considered the likely
path of U.S. interest rates.
Read more
on Wednesday as lower oil and gold prices weighed on energy
companies and miners, while financial and other interest
rate-sensitive stocks slipped as investors considered the likely
path of U.S. interest rates.
Read more
UPDATE 1-Areva rejects GE offer for Adwen JV offshore wind assets - sources
MADRID/FRANKFURT/PARIS, Aug 31 (Reuters) - French nuclear
power engineering group Areva has rejected a
non-binding offer from General Electric for assets
belonging to the Adwen offshore wind power joint venture between
Gamesa and Areva, sources close to the talks have told
Reuters.
Read more
power engineering group Areva has rejected a
non-binding offer from General Electric for assets
belonging to the Adwen offshore wind power joint venture between
Gamesa and Areva, sources close to the talks have told
Reuters.
Read more
U.S. oil output seen rising as stock sales fund acreage buys
Aug 31 (Reuters) - Large U.S. shale oil companies, flush
with cash raised through stock offerings, are gobbling up
properties in the Permian Basin straddling Texas and New Mexico,
a trend that could boost U.S. oil output in the second half of
2017.
Read more
with cash raised through stock offerings, are gobbling up
properties in the Permian Basin straddling Texas and New Mexico,
a trend that could boost U.S. oil output in the second half of
2017.
Read more
Britain's FTSE posts third straight month of gains
* Restaurant Group falls on downgrade
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
OPEC oil output hits record as Gulf gains counter African losses
LONDON, Aug 31 (Reuters) - OPEC's oil output is likely in
August to reach its highest in recent history, a Reuters survey
found on Wednesday, as extra barrels from Saudi Arabia and other
Gulf members make up for losses in Nigeria and Libya.
Read more
August to reach its highest in recent history, a Reuters survey
found on Wednesday, as extra barrels from Saudi Arabia and other
Gulf members make up for losses in Nigeria and Libya.
Read more
CANADA STOCKS-TSX falls as energy and mining stocks lose ground
TORONTO, Aug 31 (Reuters) - Canada's main stock index fell
on Wednesday as lower oil and gold prices weighed on energy and
mining stocks.
Read more
on Wednesday as lower oil and gold prices weighed on energy and
mining stocks.
Read more
UPDATE 2-Canada economy takes biggest quarterly drop in 7 years, grows in June
OTTAWA, Aug 31 (Reuters) - Canada's economy shrank in the
second quarter in its worst showing in seven years, hurt by a
drop in exports and a disruption to oil production caused by
wildfires in Alberta, but growth was still seen as likely to
rebound later this year.
Read more
second quarter in its worst showing in seven years, hurt by a
drop in exports and a disruption to oil production caused by
wildfires in Alberta, but growth was still seen as likely to
rebound later this year.
Read more
UPDATE 2-Faced with crunch, Tesla plans to raise additional cash this year
Aug 31 (Reuters) - Facing a severe cash crunch, Tesla Motors
Inc plans to raise additional money this year to help
fund development and production of its new Model 3 sedan and
build out a giant battery factory, the company said on
Wednesday.
Read more
Inc plans to raise additional money this year to help
fund development and production of its new Model 3 sedan and
build out a giant battery factory, the company said on
Wednesday.
Read more
Fly economy class: even wealthy Qataris taste austerity
DOHA, Aug 31 (Reuters) - Fly economy class, share an office,
cancel journal subscriptions: these are some of the requests
being put to government employees in Qatar, as low energy prices
force austerity even among the world's wealthiest citizens.
Read more
cancel journal subscriptions: these are some of the requests
being put to government employees in Qatar, as low energy prices
force austerity even among the world's wealthiest citizens.
Read more
UPDATE 1-U.S. to urge G20 to boost economies, heed citizen anger
WASHINGTON, Aug 31 (Reuters) - U.S. President Barack Obama
will urge leaders of the world's major economies to use fiscal
policy and other tools to boost growth while paying more
attention to angry citizens who feel left behind, Treasury
Secretary Jack Lew said on Wednesday.
Read more
will urge leaders of the world's major economies to use fiscal
policy and other tools to boost growth while paying more
attention to angry citizens who feel left behind, Treasury
Secretary Jack Lew said on Wednesday.
Read more
U.S. to urge G20 to boost economies, pay attention to angry citizens
WASHINGTON, Aug 31 (Reuters) - U.S. President Barack Obama
will call on leaders from the Group of 20 to use fiscal policy
and other tools to boost economic growth while reducing excess
capacity at steel factories, Treasury Secretary Jack Lew said on
Wednesday.
Read more
will call on leaders from the Group of 20 to use fiscal policy
and other tools to boost economic growth while reducing excess
capacity at steel factories, Treasury Secretary Jack Lew said on
Wednesday.
Read more
China may open share markets to Saudi Aramco - S.Arabia's Falih
KHOBAR, Saudi Arabia, Aug 31 (Reuters) - China has shown
interest in opening its stock markets to Saudi Aramco when the
national oil giant conducts an initial public offer of its
equity, the kingdom's energy minister Khalid al-Falih said on
Wednesday.
Read more
interest in opening its stock markets to Saudi Aramco when the
national oil giant conducts an initial public offer of its
equity, the kingdom's energy minister Khalid al-Falih said on
Wednesday.
Read more
Asia's July Iran oil imports rise 61 pct from a year ago
* Asian July imports at 1.64 mln bpd
* Imports by India, Japan, South Korea rise; China imports fall
* India, South Korea imports more than double in July
By Osamu Tsukimori
TOKYO, Aug 31 (Reuters) - Imports of Iranian oil by four major buyers in
Asia in July jumped 61.1 percent from a year earlier, marking the biggest
percentage gain since April 2014, reflecting Tehran's aggressive moves to recoup
market share, lost under international sanctions.
Iran is regaining market sh
Read more
* Imports by India, Japan, South Korea rise; China imports fall
* India, South Korea imports more than double in July
By Osamu Tsukimori
TOKYO, Aug 31 (Reuters) - Imports of Iranian oil by four major buyers in
Asia in July jumped 61.1 percent from a year earlier, marking the biggest
percentage gain since April 2014, reflecting Tehran's aggressive moves to recoup
market share, lost under international sanctions.
Iran is regaining market sh
Read more
Britain's FTSE set for third straight month of gains
LONDON, Aug 31 (Reuters) - UK shares steadied on Wednesday
as weakness in mining shares outweighed gains by banks, though
the FTSE 100 remained on track to post its third monthly
gain in a row.
Read more
as weakness in mining shares outweighed gains by banks, though
the FTSE 100 remained on track to post its third monthly
gain in a row.
Read more
Russian oil privatisation saga points to limits of Putin's power
MOSCOW/UFA, Russia, Aug 31 (Reuters) - Russia's decision to
postpone the privatisation of a mid-sized oil company has sent a
message to investors: for all his power, President Vladimir
Putin has failed to stop political infighting getting in the way
of business.
Read more
postpone the privatisation of a mid-sized oil company has sent a
message to investors: for all his power, President Vladimir
Putin has failed to stop political infighting getting in the way
of business.
Read more
Cyprus signs deal with Egypt for gas transfers via pipeline
NICOSIA, Aug 31 (Reuters) - Cyprus signed a deal on
Wednesday for the transfer of natural gas via pipeline to Egypt,
once extraction starts of discoveries made off the Mediterranean
island.
Read more
Wednesday for the transfer of natural gas via pipeline to Egypt,
once extraction starts of discoveries made off the Mediterranean
island.
Read more
UPDATE 1-Cyprus signs deal with Egypt for gas transfers via pipeline
NICOSIA, Aug 31 (Reuters) - Cyprus signed a deal on
Wednesday for the transfer of natural gas via pipeline to Egypt,
once extraction starts of discoveries made off the Mediterranean
island.
Read more
Wednesday for the transfer of natural gas via pipeline to Egypt,
once extraction starts of discoveries made off the Mediterranean
island.
Read more
Tuesday, August 30, 2016
UPDATE 1-JX values takeover of rival oil refiner TonenGeneral at $3.4 bln
TOKYO, Aug 31 (Reuters) - JX Holdings Inc, Japan's
biggest oil refiner by sales, has agreed to pay about 352
billion yen ($3.4 billion) in stock for TonenGeneral Sekiyu KK
, the country's third-largest refiner by sales.
Read more
biggest oil refiner by sales, has agreed to pay about 352
billion yen ($3.4 billion) in stock for TonenGeneral Sekiyu KK
, the country's third-largest refiner by sales.
Read more
UPDATE 1-Oil dips on stronger dollar; rise in U.S. crude stocks data
* Analysts see tighter oil market towards the end of the
year
(Adds Barclays price forecasts, updates prices)
Read more
year
(Adds Barclays price forecasts, updates prices)
Read more
Oil prices dip on stronger dollar; rise in U.S. crude stocks data
SINGAPORE, Aug 31 (Reuters) - Crude oil futures fell in
early trade on Wednesday as the U.S. dollar held around
three-week highs and industry stocks data indicated a build in
U.S. crude inventories.
Read more
early trade on Wednesday as the U.S. dollar held around
three-week highs and industry stocks data indicated a build in
U.S. crude inventories.
Read more
UPDATE 1-Motiva says Shell, Saudi Aramco to split assets on April 1, 2017
HOUSTON, Aug 30 (Reuters) - Motiva Enterprises LLC
said on Tuesday the division of its U.S. refining
assets between Royal Dutch Shell Plc and Saudi Aramco
would take place on April 1, 2017, months later
than originally expected.
Read more
said on Tuesday the division of its U.S. refining
assets between Royal Dutch Shell Plc and Saudi Aramco
would take place on April 1, 2017, months later
than originally expected.
Read more
UN defends aid work in Syria after accusations of being too close to government
The United Nations defended its aid funding in Syria on
Tuesday after an investigation revealed lucrative contracts were
awarded to people close to the nation's President Bashar
al-Assad.
Read more
Tuesday after an investigation revealed lucrative contracts were
awarded to people close to the nation's President Bashar
al-Assad.
Read more
RPT--COLUMN-For how long will Glencore hold its zinc capacity cuts?: Andy Home
LONDON, Aug 30 (Reuters) - It's been nearly a year since
Glencore announced it was mothballing half a million
tonnes of mined zinc capacity.
Read more
Glencore announced it was mothballing half a million
tonnes of mined zinc capacity.
Read more
UPDATE 2-Canada regulator suspends TransCanada pipeline approval hearing
CALGARY/OTTAWA, Aug 30 (Reuters) - Canada's National Energy
Board on Tuesday suspended Montreal hearings on TransCanada
Corp's proposed Energy East pipeline after protests
disrupted the first day of the process on Monday.
Read more
Board on Tuesday suspended Montreal hearings on TransCanada
Corp's proposed Energy East pipeline after protests
disrupted the first day of the process on Monday.
Read more
Canada regulator suspends TransCanada pipeline approval hearing
Aug 30 (Reuters) - Canada's National Energy Board on Tuesday
suspended Montreal hearings on TransCanada Corp's
proposed Energy East pipeline for the rest of the week after
protests disrupted the first day on Monday.
Read more
suspended Montreal hearings on TransCanada Corp's
proposed Energy East pipeline for the rest of the week after
protests disrupted the first day on Monday.
Read more
UPDATE 5-Potash Corp, Agrium talk merger; competition scrutiny expected
WINNIPEG, Manitoba/WASHINGTON, Aug 30 (Reuters) - Canada's
Agrium Inc and Potash Corp of Saskatchewan Inc
said on Tuesday they are in talks to merge, a deal that would
create a fertilizer and farm retailing giant worth more than $25
billion but also trigger U.S. regulatory scrutiny.
Read more
Agrium Inc and Potash Corp of Saskatchewan Inc
said on Tuesday they are in talks to merge, a deal that would
create a fertilizer and farm retailing giant worth more than $25
billion but also trigger U.S. regulatory scrutiny.
Read more
EU's Sefcovic hopes for three-way gas talks with Russia, Ukraine
BRUSSELS, Aug 30 (Reuters) - European Commission Vice
President Maros Sefcovic said he will visit Kiev on Friday to
discuss energy reforms and lay the groundwork for trilateral
talks with Ukraine and Russia that he hopes will help ensure
uninterrupted gas supplies in the winter.
Read more
President Maros Sefcovic said he will visit Kiev on Friday to
discuss energy reforms and lay the groundwork for trilateral
talks with Ukraine and Russia that he hopes will help ensure
uninterrupted gas supplies in the winter.
Read more
Germany outlines deal with EU on green levy for co-generation plants
BERLIN, Aug 30 (Reuters) - Germany said it has resolved a
dispute with the European Union so that German firms that
generate power for their own consumption can remain exempt from
a green energy surcharge, Economy Minister Sigmar Gabriel said
on Tuesday.
Read more
dispute with the European Union so that German firms that
generate power for their own consumption can remain exempt from
a green energy surcharge, Economy Minister Sigmar Gabriel said
on Tuesday.
Read more
UPDATE 1-Iraq to support oil output freeze at OPEC meeting - PM
BAGHDAD, Aug 30 (Reuters) - Iraq would support a decision by
OPEC to freeze oil output to prop up prices, Iraqi Prime
Minister Haider al-Abadi told a news conference in Baghdad on
Tuesday.
Read more
OPEC to freeze oil output to prop up prices, Iraqi Prime
Minister Haider al-Abadi told a news conference in Baghdad on
Tuesday.
Read more
UPDATE 1-South Africa's ANC backs Gordhan but warns ministers to obey police summons
JOHANNESBURG, Aug 30 (Reuters) - South Africa's ruling party
backed Finance Minister Pravin Gordhan on Tuesday but said
ministers should obey police summons issued during
investigations, days after Gordhan declined to meet detectives
looking into his time at the tax office.
Read more
backed Finance Minister Pravin Gordhan on Tuesday but said
ministers should obey police summons issued during
investigations, days after Gordhan declined to meet detectives
looking into his time at the tax office.
Read more
U.S. banks see higher net income, expand lending in Q2 - FDIC
WASHINGTON, Aug 30 (Reuters) - U.S. banks saw their net
income increase $584 million, or 1.4 percent, compared to the
second quarter of last year in a sign of strength for the
sector, according to the Federal Deposit Insurance Corporation.
Read more
income increase $584 million, or 1.4 percent, compared to the
second quarter of last year in a sign of strength for the
sector, according to the Federal Deposit Insurance Corporation.
Read more
Oil firms deepen cost cuts as price recovery remains elusive
STAVANGER, Norway, Aug 30 (Reuters) - Oil companies are
deepening cost cuts through efficiency and standardisation to
stay profitable while maintaining dividends as a supply glut
pushes back a potential recovery in the price of crude, top
executives and analysts said.
Read more
deepening cost cuts through efficiency and standardisation to
stay profitable while maintaining dividends as a supply glut
pushes back a potential recovery in the price of crude, top
executives and analysts said.
Read more
UPDATE 2-VW reviews supplier strategy after dispute hits production
* Prevent transferred financial claims to gearbox unit
-sources
(Adds detail, background, analyst)
Read more
-sources
(Adds detail, background, analyst)
Read more
UPDATE 1-Militants say attacked pipeline in Nigeria's southern Delta state
YENAGOA, Nigeria, Aug 30 (Reuters) - A militant group on
Tuesday said it attacked a pipeline operated by the Nigerian
Petroleum Development Company (NPDC), a subsidiary of Nigeria's
state oil company, in the country's restive southern Delta
region.
Read more
Tuesday said it attacked a pipeline operated by the Nigerian
Petroleum Development Company (NPDC), a subsidiary of Nigeria's
state oil company, in the country's restive southern Delta
region.
Read more
UPDATE 1-Libya oil guards say to close two oilfields over payment delays
TRIPOLI, Aug 30 (Reuters) - A Libyan armed force controlling
some of the country's southern oilfields will close two of them
down because the government has not paid the funds needed to
maintain security operations, a brigade commander said on
Tuesday.
Read more
some of the country's southern oilfields will close two of them
down because the government has not paid the funds needed to
maintain security operations, a brigade commander said on
Tuesday.
Read more
More than a million Indian workers to go on strike on Friday
NEW DELHI, Aug 30 (Reuters) - More than a million Indian
workers in banking, telecoms and other sectors will go on strike
on Friday, seeking higher wages and to protest against Prime
Minister Narendra Modi's labour reforms and a plan to close some
loss-making firms.
Read more
workers in banking, telecoms and other sectors will go on strike
on Friday, seeking higher wages and to protest against Prime
Minister Narendra Modi's labour reforms and a plan to close some
loss-making firms.
Read more
S.Africa's ruling party says has confidence in finmin Gordhan
JOHANNESBURG, Aug 30 (Reuters) - South Africa's ruling
African National Congress (ANC) has confidence in Finance
Minister Pravin Gordhan, the party's Secretary General Gwede
Mantashe said on Tuesday.
Read more
African National Congress (ANC) has confidence in Finance
Minister Pravin Gordhan, the party's Secretary General Gwede
Mantashe said on Tuesday.
Read more
France's Hollande says Paris climate change deal far from being implemented
PARIS, Aug 30 (Reuters) - French President Francois Hollande
said on Tuesday an international deal on climate change agreed
in Paris last year was still far from being implemented and
called on countries to ensure it was ratified by year-end.
Read more
said on Tuesday an international deal on climate change agreed
in Paris last year was still far from being implemented and
called on countries to ensure it was ratified by year-end.
Read more
Iraq's Qayyara oil fields won't return to production before Mosul retaken - spokesman
BAGHDAD, Aug 30 (Reuters) - Iraq doesn't expect to resume
production from the northern Qayyara oil region before the
capture of nearby Mosul from Islamic State, an oil ministry
spokesman said on Tuesday.
Read more
production from the northern Qayyara oil region before the
capture of nearby Mosul from Islamic State, an oil ministry
spokesman said on Tuesday.
Read more
UPDATE 1-Iraq's Qayyara oil fields won't return to production before Mosul retaken - spokesman
BAGHDAD, Aug 30 (Reuters) - Iraq doesn't expect to resume
production from the northern Qayyara oil region before the
capture of nearby Mosul from Islamic State, an oil ministry
spokesman said on Tuesday.
Read more
production from the northern Qayyara oil region before the
capture of nearby Mosul from Islamic State, an oil ministry
spokesman said on Tuesday.
Read more
UPDATE 1-Australia steps up gas fracking bans despite supply crunch
* Northern Territory to impose fracking moratorium
(Adds Northern Territory, Armour Energy, Lakes Oil)
Read more
(Adds Northern Territory, Armour Energy, Lakes Oil)
Read more
UPDATE 1-Philippines says China must recognise South China Sea ruling
MANILA, Aug 30 (Reuters) - China will be the "loser" if it
does not recognise an international court ruling against its
territorial claims in the South China Sea, Philippine Foreign
Minister Perfecto Yasay said on Tuesday.
Read more
does not recognise an international court ruling against its
territorial claims in the South China Sea, Philippine Foreign
Minister Perfecto Yasay said on Tuesday.
Read more
Petrofac names former BG executive as CFO
Aug 30 (Reuters) - British oilfield services company
Petrofac Ltd on Tuesday named former BG Group executive
Alastair Cochran as its finance head.
Read more
Petrofac Ltd on Tuesday named former BG Group executive
Alastair Cochran as its finance head.
Read more
Monday, August 29, 2016
UPDATE 1-Oil prices rise as dollar comes off 2-wk high
* Nigerian militant group says ends attack on oil, gas sites
(Adds U.A.E. minister comments, Libya outages, updates prices)
Read more
(Adds U.A.E. minister comments, Libya outages, updates prices)
Read more
UPDATE 1-Japan's JX, TonenGeneral set to finalise merger deal on Wednesday
TOKYO, Aug 30 (Reuters) - Japan's top oil refiner by sales,
JX Holdings, and third-ranked TonenGeneral Sekiyu
are set to finalise details on Wednesday for a new
merged company to be formed in April 2017.
Read more
JX Holdings, and third-ranked TonenGeneral Sekiyu
are set to finalise details on Wednesday for a new
merged company to be formed in April 2017.
Read more
Oil prices rise as dollar retreats from two-week high
SINGAPORE, Aug 30 (Reuters) - Oil futures edged up on
Tuesday as the U.S. dollar erased earlier gains, but doubts that
producers would be able to agree to an output freeze continued
to drag on prices.
Read more
Tuesday as the U.S. dollar erased earlier gains, but doubts that
producers would be able to agree to an output freeze continued
to drag on prices.
Read more
CANADA STOCKS-TSX gains muted by energy stocks; banks, miners shine
TORONTO, Aug 29 (Reuters) - Canada's main stock index rose
on Monday, but by less than its U.S. peers, as investors bet on
rate hikes sooner south of the border and lower oil prices
weighed on the commodity-rich TSX.
Read more
on Monday, but by less than its U.S. peers, as investors bet on
rate hikes sooner south of the border and lower oil prices
weighed on the commodity-rich TSX.
Read more
UPDATE 1-Samarco dam failed due to poor drainage and design -investigation
BELO HORIZONTE/RIO DE JANEIRO, Aug 29 (Reuters) - The deadly
collapse of a tailings dam at the Samarco mine, owned by Vale SA
and BHP Billiton, last November was caused by
drainage and design issues, a report into Brazil's worst-ever
environmental disaster showed on Monday.
Read more
collapse of a tailings dam at the Samarco mine, owned by Vale SA
and BHP Billiton, last November was caused by
drainage and design issues, a report into Brazil's worst-ever
environmental disaster showed on Monday.
Read more
Investigation finds Samarco dam failed due to liquefaction
BELO HORIZONTE, Brazil, Aug 29 (Reuters) - An investigation
launched by Brazilian miner Samarco, and its owners Vale SA
and BHP Billiton, into the cause of a dam
spill last November found the dam collapsed due to liquefaction,
a presentation said on Monday.
Read more
launched by Brazilian miner Samarco, and its owners Vale SA
and BHP Billiton, into the cause of a dam
spill last November found the dam collapsed due to liquefaction,
a presentation said on Monday.
Read more
Libyan forces say oust Islamic State from central neighbourhood in Sirte
SIRTE, Libya Aug 29 (Reuters) - Libyan forces said they had
taken control of a residential neighbourhood in the middle of
Sirte from Islamic State on Monday, leaving just one district of
the city still occupied by militants.
Read more
taken control of a residential neighbourhood in the middle of
Sirte from Islamic State on Monday, leaving just one district of
the city still occupied by militants.
Read more
UPDATE 2-Mexico says 2017 oil hedge guarantees $42 per barrel
MEXICO CITY, Aug 29 (Reuters) - Mexico's Finance Ministry on
Monday said it had wrapped up what traders consider the world's
biggest sovereign derivatives trade, guaranteeing an average
price of $42 per barrel for crude oil exports in 2017.
Read more
Monday said it had wrapped up what traders consider the world's
biggest sovereign derivatives trade, guaranteeing an average
price of $42 per barrel for crude oil exports in 2017.
Read more
UPDATE 2-Protesters shut down TransCanada pipeline hearing in Montreal
MONTREAL/CALGARY, Aug 29 (Reuters) - Canada's National
Energy Board cancelled the first day of hearings on TransCanada
Corp's proposed Energy East pipeline in Montreal on
Monday after protesters disrupted the panel session, an agency
spokeswoman said.
Read more
Energy Board cancelled the first day of hearings on TransCanada
Corp's proposed Energy East pipeline in Montreal on
Monday after protesters disrupted the panel session, an agency
spokeswoman said.
Read more
Bankrupt Samson Resources, creditors reach restructuring deal
Aug 29 (Reuters) - Samson Resources Corp, one of the largest
energy companies to seek bankruptcy in the current commodities
slump, reached a new agreement with creditors that aims to bring
the company out of Chapter 11 under the ownership of its
second-lien lenders.
Read more
energy companies to seek bankruptcy in the current commodities
slump, reached a new agreement with creditors that aims to bring
the company out of Chapter 11 under the ownership of its
second-lien lenders.
Read more
Trade dispute, policy divisions hang over Trudeau trip to China
OTTAWA, Aug 29 (Reuters) - Canadian Prime Minister Justin
Trudeau visits Beijing this week seeking deeper ties with China
but a dispute over canola exports, government divisions over
China policy and the case of a detained citizen look set to
limit his gains.
Read more
Trudeau visits Beijing this week seeking deeper ties with China
but a dispute over canola exports, government divisions over
China policy and the case of a detained citizen look set to
limit his gains.
Read more
European shares lower on U.S. rate hike expectations, Alstom up
* Fingerprint Cards gains on client China launch
(Recasts, adds detail and updated prices at close)
Read more
(Recasts, adds detail and updated prices at close)
Read more
CANADA STOCKS-TSX boosted by miners, banks; oil stocks weigh
TORONTO, Aug 29 (Reuters) - Canada's main stock index made
slight gains in morning trading on Monday, with rises for banks
and miners offsetting energy shares' declines as the price of
oil pulled back.
Read more
slight gains in morning trading on Monday, with rises for banks
and miners offsetting energy shares' declines as the price of
oil pulled back.
Read more
South Africa's Eskom denies blocking coal contract investigation
JOHANNESBURG, Aug 29 (Reuters) - South Africa's Eskom denied
on Monday that it was blocking a Treasury investigation into
coal contracts with Tegeta Exploration & Resources Ltd., a firm
controlled by the Gupta family.
Read more
on Monday that it was blocking a Treasury investigation into
coal contracts with Tegeta Exploration & Resources Ltd., a firm
controlled by the Gupta family.
Read more
Iraq says fires put out at four oil wells in town captured from IS
BAGHDAD, Aug 29 (Reuters) - Iraq has put out fires at four
oil wells in the oil-producing region of Qayyara which Iraqi
forces recaptured from Islamic State last week, the oil ministry
said on Monday.
Read more
oil wells in the oil-producing region of Qayyara which Iraqi
forces recaptured from Islamic State last week, the oil ministry
said on Monday.
Read more
RPT-COLUMN-Refinery wars: China, India win; S.Korea, Japan, Singapore lose: Russell
LAUNCESTON, Australia, Aug 29 (Reuters) - There is little
doubt that China's surging exports of refined fuels have cut
profit margins for Asia's refiners, but the pain is unlikely to
be shared equally across all the region's exporters of oil
products.
Read more
doubt that China's surging exports of refined fuels have cut
profit margins for Asia's refiners, but the pain is unlikely to
be shared equally across all the region's exporters of oil
products.
Read more
UPDATE 1-China's parliament proposes new environmental tax benefits -state media
BEIJING, Aug 29 (Reuters) - China's parliament has proposed
increasing tax benefits for companies that cut pollution by more
than the national standard, state media reported on Monday, the
first details of a much-anticipated new code aimed at curbing
the country's emissions.
Read more
increasing tax benefits for companies that cut pollution by more
than the national standard, state media reported on Monday, the
first details of a much-anticipated new code aimed at curbing
the country's emissions.
Read more
Syrian Kurdish YPG: Turkey's claim of fighting west of Euphrates pretext for land grab
BEIRUT, Aug 29 (Reuters) - The chief spokesman for the
Syrian Kurdish YPG militia said on Monday that Turkey's claims
that is it fighting YPG forces west of the Euphrates river in
northern Syria were untrue and a pretext for seizing Syrian
territory.
Read more
Syrian Kurdish YPG militia said on Monday that Turkey's claims
that is it fighting YPG forces west of the Euphrates river in
northern Syria were untrue and a pretext for seizing Syrian
territory.
Read more
BlackRock withheld support from two key Exxon directors -filings
BOSTON, Aug 29 (Reuters) - BlackRock Inc withheld support
from two high-profile directors at Exxon Mobil Corp,
securities filings show, a rare spat apparently driven by a
board communications policy at the world's largest energy
company.
Read more
from two high-profile directors at Exxon Mobil Corp,
securities filings show, a rare spat apparently driven by a
board communications policy at the world's largest energy
company.
Read more
European shares lower on U.S. rate hike expectations, Alstom up
* Alstom boosted by high speed train deal
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Adds details, share prices)
Read more
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Adds details, share prices)
Read more
UPDATE 3-Oil falls towards $49 on high output, strong dollar
* Expectations of price-boosting producer action wane
(Previous SINGAPORE, updates prices, adds quote)
Read more
(Previous SINGAPORE, updates prices, adds quote)
Read more
Sunday, August 28, 2016
D.E. Shaw set to enter race for SunEdison's TerraForm Power-sources
Aug 28 (Reuters) - Hedge fund manager D.E. Shaw & Co LP is
weighing a bid for SunEdison Inc's controlling stake
in TerraForm Power Inc, the bankrupt U.S. renewable
energy producer's most valuable asset, according to people
familiar with the matter.
Read more
weighing a bid for SunEdison Inc's controlling stake
in TerraForm Power Inc, the bankrupt U.S. renewable
energy producer's most valuable asset, according to people
familiar with the matter.
Read more
Oil prices fall on rising Iraq output, doubt over producer talk prospects
SINGAPORE, Aug 29 (Reuters) - Oil prices fell early on
Monday as output from Iraq rose and as Iran said it would only
cooperate in upcoming producer talks to freeze output if fellow
exporters recognised its right to fully regain market share.
Read more
Monday as output from Iraq rose and as Iran said it would only
cooperate in upcoming producer talks to freeze output if fellow
exporters recognised its right to fully regain market share.
Read more
UPDATE 1-Houthis say ready for fresh Yemen talks if attacks stop
SANAA, Aug 28 (Reuters) - Yemen's Houthi-run governing
council said on Sunday it was ready to restart peace talks with
the country's exiled government provided a Saudi-led coalition
stopped attacking and besieging Houthi-held territories.
Read more
council said on Sunday it was ready to restart peace talks with
the country's exiled government provided a Saudi-led coalition
stopped attacking and besieging Houthi-held territories.
Read more
Lazy officials criticised as China launches inspection to ensure growth on track - Xinhua
BEIJING, Aug 28 (Reuters) - China's cabinet has launched a
nationwide inspection to make sure this year's economic growth
target will be met, even as it presses ahead with structural
reforms, Xinhua news agency said on Sunday.
Read more
nationwide inspection to make sure this year's economic growth
target will be met, even as it presses ahead with structural
reforms, Xinhua news agency said on Sunday.
Read more
Houthis say ready for fresh Yemen talks if attacks stop
SANAA, Aug 28 (Reuters) - Yemen's Houthi-run governing
council said on Sunday it was ready to restart peace talks with
the country's exiled government provided a Saudi-led coalition
stopped attacking and besieging Houthi-held territories.
Read more
council said on Sunday it was ready to restart peace talks with
the country's exiled government provided a Saudi-led coalition
stopped attacking and besieging Houthi-held territories.
Read more
Envoy says Saudi policies on Iraq will not change-TV
DUBAI, Aug 28 (Reuters) - The Saudi Arabian ambassador to
Iraq, reacting to a reported request by Baghdad that Riyadh
withdraw him, told Al Arabiyah television on Sunday that the
kingdom's policies on Iraq would not change, and Saudi ties with
Iraqi politicians were amicable.
Read more
Iraq, reacting to a reported request by Baghdad that Riyadh
withdraw him, told Al Arabiyah television on Sunday that the
kingdom's policies on Iraq would not change, and Saudi ties with
Iraqi politicians were amicable.
Read more
UPDATE 1-Iraq asks Saudi Arabia to replace envoy who riled Shi'ite militias
BAGHDAD, Aug 28 (Reuters) - Iraq asked Saudi Arabia on
Sunday to replace its ambassador in Baghdad after his comments
about Iranian involvement in Iraqi affairs and the alleged
persecution of Sunni Muslims angered local Shi'ite Muslim
politicians and militia leaders.
Read more
Sunday to replace its ambassador in Baghdad after his comments
about Iranian involvement in Iraqi affairs and the alleged
persecution of Sunni Muslims angered local Shi'ite Muslim
politicians and militia leaders.
Read more
EDF chief urges Britain to give go-ahead to nuclear plant
LONDON, Aug 28 (Reuters) - The head of EDF Energy
has urged the British government to approve the Hinkley Point C
nuclear power project, an explict appeal by the French energy
giant ahead of a decision due within weeks.
Read more
has urged the British government to approve the Hinkley Point C
nuclear power project, an explict appeal by the French energy
giant ahead of a decision due within weeks.
Read more
Profit at China's Sinopec slumps 21.6 percent in first half
BEIJING, Aug 28 (Reuters) - China Petroleum and Chemical
Corporation, or Sinopec Corp, said on Sunday its net
profit fell 21.6 percent in the first half of 2016, hurt by a
steep decline in international oil prices.
Read more
Corporation, or Sinopec Corp, said on Sunday its net
profit fell 21.6 percent in the first half of 2016, hurt by a
steep decline in international oil prices.
Read more
REFILE-Election result adds to Northern Territory gas uncertainty
SYDNEY, Aug 28 (Reuters) - Australia's centre-left Labor
Party won a convincing vote in the Northern Territory election
on Saturday, a result that will likely add to existing
uncertainty over development of the region's onshore gas
industry and could ward off foreign investment.
Read more
Party won a convincing vote in the Northern Territory election
on Saturday, a result that will likely add to existing
uncertainty over development of the region's onshore gas
industry and could ward off foreign investment.
Read more
Venezuela, Iran seeking consensus to stabilize oil markets
CARACAS, Aug 27 (Reuters) - Venezuela and Iran continue to
seek consensus on ways to stabilize oil markets and strengthen
OPEC, Venezuelan President Nicolas Maduro said on Saturday,
following a meeting with Iranian Foreign Minister Mohammad Javad
Zarif.
Read more
seek consensus on ways to stabilize oil markets and strengthen
OPEC, Venezuelan President Nicolas Maduro said on Saturday,
following a meeting with Iranian Foreign Minister Mohammad Javad
Zarif.
Read more
Saturday, August 27, 2016
REFILE-Nigeria launches offensive against militants in Delta oil hub
YENAGOA, Nigeria, Aug 27 (Reuters) - Nigeria's military said
on Saturday it had launched a new offensive against militants in
the oil-producing Niger Delta, killing five and arresting 23.
Read more
on Saturday it had launched a new offensive against militants in
the oil-producing Niger Delta, killing five and arresting 23.
Read more
Iran detects malware in petrochemical plants, says not linked to recent fires
DUBAI, Aug 27 (Reuters) - Iran has detected and removed
malicious software from two of its petrochemical complexes, a
senior military official said on Saturday, after announcing last
week it was investigating whether recent petrochemical fires
were caused by cyber attacks.
Read more
malicious software from two of its petrochemical complexes, a
senior military official said on Saturday, after announcing last
week it was investigating whether recent petrochemical fires
were caused by cyber attacks.
Read more
Milk price talks between Lactalis and producers collapse
PARIS, Aug 27 (Reuters) - Negotiations over milk purchase
prices between Europe's largest dairy group Lactalis and French
farmers collapsed late on Friday without an agreement, a union
official said.
Read more
prices between Europe's largest dairy group Lactalis and French
farmers collapsed late on Friday without an agreement, a union
official said.
Read more
UPDATE 1-Iraq willing to play active role in propping up oil prices -minister
BAGHDAD, Aug 27 (Reuters) - Iraq is willing to play an
active role within OPEC to support oil prices, its oil minister
Jabar Ali al-Luaibi said on Saturday, without clarifying whether
it was prepared to back a possible agreement to freeze output.
Read more
active role within OPEC to support oil prices, its oil minister
Jabar Ali al-Luaibi said on Saturday, without clarifying whether
it was prepared to back a possible agreement to freeze output.
Read more
Pacific Tropical Storm Lester now a hurricane - NHC
Aug 26 (Reuters) - Tropical Storm Lester has developed an
eye and is now a hurricane as it moved west in the Pacific Ocean
away from the mainland of Mexico, the National Hurricane Center
(NHC) said in an advisory on Friday.
Read more
eye and is now a hurricane as it moved west in the Pacific Ocean
away from the mainland of Mexico, the National Hurricane Center
(NHC) said in an advisory on Friday.
Read more
Australian PM urges divided Senate to tackle budget deficit
SYDNEY, Aug 27 (Reuters) - Australian Prime Minister Malcolm
Turnbull said on Saturday it was imperative for Australia to cut
its high debt levels, urging newly elected opposition lawmakers
to support his economic reform agenda when parliament resumes
next week.
Read more
Turnbull said on Saturday it was imperative for Australia to cut
its high debt levels, urging newly elected opposition lawmakers
to support his economic reform agenda when parliament resumes
next week.
Read more
Friday, August 26, 2016
WRAPUP 1-Declining inventories curb U.S. second-quarter growth; consumption surges
WASHINGTON, Aug 26 (Reuters) - U.S. economic growth was a
bit more sluggish than initially thought in the second quarter
as businesses aggressively ran down stocks of unsold goods,
offsetting a spurt in consumer spending.
Read more
bit more sluggish than initially thought in the second quarter
as businesses aggressively ran down stocks of unsold goods,
offsetting a spurt in consumer spending.
Read more
UPDATE 4-Oil prices fall as Saudi Arabia dampens prospects of output freeze
LONDON, Aug 26 (Reuters) - Oil fell on Friday and was set
for its largest weekly decline in a month after the Saudi energy
minister watered down expectations that the world's largest
producers might agree next month to limit their output.
Read more
for its largest weekly decline in a month after the Saudi energy
minister watered down expectations that the world's largest
producers might agree next month to limit their output.
Read more
U.S. second-quarter growth trimmed to 1.1 percent; consumer spending raised
WASHINGTON, Aug 26 (Reuters) - U.S. economic growth was a
bit more sluggish than initially thought in the second quarter
as businesses aggressively ran down stocks of unsold goods,
offsetting a spurt in consumer spending.
Read more
bit more sluggish than initially thought in the second quarter
as businesses aggressively ran down stocks of unsold goods,
offsetting a spurt in consumer spending.
Read more
EUROPE POWER-German spot for Monday slides on high wind power output
PARIS, Aug 26 (Reuters) - European spot electricity prices
for delivery early next week were mixed on Friday as increased
wind power output weighed on German prices while expected firm
demand bolstered French prices.
Read more
for delivery early next week were mixed on Friday as increased
wind power output weighed on German prices while expected firm
demand bolstered French prices.
Read more
Zimbabwe police fire tear gas at opposition leaders - Reuters witness
HARARE, Aug 26 (Reuters) - Zimbabwean police on Friday fired
tear gas at opposition leaders Morgan Tsvangirai and former vice
president Joice Mujuru as a protest rally against President
Robert Mugabe descended into violence, a Reuters witness said.
Read more
tear gas at opposition leaders Morgan Tsvangirai and former vice
president Joice Mujuru as a protest rally against President
Robert Mugabe descended into violence, a Reuters witness said.
Read more
GLOBAL LNG-Asian prices steady as spot cargo fetches high rate amid glut
SINGAPORE, Aug 26 (Reuters) - Asian spot liquefied natural
gas (LNG) prices held steady in the absence of any decisive
indicators, with a lone deal being done at a
higher-than-expected level in an amply supplied market.
Read more
gas (LNG) prices held steady in the absence of any decisive
indicators, with a lone deal being done at a
higher-than-expected level in an amply supplied market.
Read more
Thursday, August 25, 2016
UPDATE 2-Tourism boom lifts Air NZ profit but competition headwinds loom
* Air NZ sees this FY pre-tax profit at NZ$400-600 mln
(Adds executive and analyst comment, shares, details)
Read more
(Adds executive and analyst comment, shares, details)
Read more
RPT-Energy company problems expose cracks in Singapore bond market
SINGAPORE, Aug 25 (Reuters) - The collapse of an oil
services company and the deterioration in the finances of some
other energy firms have exposed structural cracks in the
Singapore dollar corporate bond market.
Read more
services company and the deterioration in the finances of some
other energy firms have exposed structural cracks in the
Singapore dollar corporate bond market.
Read more
Oil prices dip as Saudi Arabia dampens prospects of output freeze
SINGAPORE, Aug 26 (Reuters) - Oil prices dipped in early
trading on Friday after the Saudi energy minister tempered
expectations of strong market intervention by producers during
talks next month.
Read more
trading on Friday after the Saudi energy minister tempered
expectations of strong market intervention by producers during
talks next month.
Read more
Petrobras voluntary layoff program accepted by 6,100 employees - source
SAO PAULO, Aug 25 (Reuters) - A voluntary layoff program at
state-run oil company Petroleo Brasileiro SA has been
accepted by 6,100 employees, a source with direct knowledge of
the matter told Reuters.
Read more
state-run oil company Petroleo Brasileiro SA has been
accepted by 6,100 employees, a source with direct knowledge of
the matter told Reuters.
Read more
UPDATE 2-China raps Ottawa as dispute over Canada canola exports deepens
OTTAWA, Aug 25 (Reuters) - A dispute over Canadian canola
exports to China intensified on Thursday when Beijing criticized
Ottawa's insistence that bilateral relations could not improve
until the matter is settled.
Read more
exports to China intensified on Thursday when Beijing criticized
Ottawa's insistence that bilateral relations could not improve
until the matter is settled.
Read more
UPDATE 1-U.S. ship fires warning shots at Iranian vessel -official
WASHINGTON, Aug 25 (Reuters) - A U.S. Navy ship fired
warning shots after an Iranian fast-attack craft approached two
U.S. ships in the northern Gulf on Wednesday, a U.S. Defense
official said.
Read more
warning shots after an Iranian fast-attack craft approached two
U.S. ships in the northern Gulf on Wednesday, a U.S. Defense
official said.
Read more
UPDATE 2-Tesla wins U.S. antitrust approval to buy SolarCity
WASHINGTON, Aug 25 (Reuters) - Tesla Motors Inc has
won U.S. antitrust approval to buy solar panel installer
SolarCity Corp, the Federal Trade Commission said on
Thursday.
Read more
won U.S. antitrust approval to buy solar panel installer
SolarCity Corp, the Federal Trade Commission said on
Thursday.
Read more
Iranian vessels' intentions in approaching U.S. warship unclear -White House
WASHINGTON, Aug 25 (Reuters) - The intention of four Iranian
vessels that approached a U.S. warship in international waters
in the Strait of Hormuz this week were not clear, but such
actions can escalate tensions, the White House said on Thursday.
Read more
vessels that approached a U.S. warship in international waters
in the Strait of Hormuz this week were not clear, but such
actions can escalate tensions, the White House said on Thursday.
Read more
China says unhappy with Canada's hard line on canola dispute
OTTAWA, Aug 25 (Reuters) - China opposes Canada's stance
that bilateral ties cannot be improved until a dispute over
Canadian canola exports has been settled, the Chinese embassy in
Ottawa said in a statement on Thursday.
Read more
that bilateral ties cannot be improved until a dispute over
Canadian canola exports has been settled, the Chinese embassy in
Ottawa said in a statement on Thursday.
Read more
UPDATE 1-Trafigura's China oil marketer released on bail -sources
BEIJING, Aug 25 (Reuters) - An oil marketing executive of
Swiss trading giant Trafigura's China operation was released on
bail this month after more than two years in detention, as an
investigation into alleged fraudulent oil trading continues,
sources with knowledge of the matter said.
Read more
Swiss trading giant Trafigura's China operation was released on
bail this month after more than two years in detention, as an
investigation into alleged fraudulent oil trading continues,
sources with knowledge of the matter said.
Read more
Thailand to open bids for energy concessions in March 2017
BANGKOK, Aug 25 (Reuters) - Thailand's military government
plans to open bids in March 2017 for expiring oil and gas
contracts held by Chevron Corp and PTT Exploration and
Production, an energy ministry official said on
Thursday.
Read more
plans to open bids in March 2017 for expiring oil and gas
contracts held by Chevron Corp and PTT Exploration and
Production, an energy ministry official said on
Thursday.
Read more
European shares pull back, weighed down by pharma, miners
MILAN, Aug 25 (Reuters) - European shares fell on Thursday,
weighed down by losses among pharma and mining sector stocks,
while firms such as Sunrise and Ahold were lifted by well
received earning updates.
Read more
weighed down by losses among pharma and mining sector stocks,
while firms such as Sunrise and Ahold were lifted by well
received earning updates.
Read more
UPDATE 1-Maybank Q2 profit slides, says closely monitoring oil sector loans
* Another central bank rate cut possible - group CEO
(Adds comments on loans growth, oil and gas sector)
Read more
(Adds comments on loans growth, oil and gas sector)
Read more
RPT-Trump adviser's Russia credentials come under scrutiny
MOSCOW, Aug 24 (Reuters) - When Donald Trump named a
little-known U.S. energy consultant as part of his foreign
policy team, the adviser's ex-boss was puzzled; how could the
relatively junior banker he knew in Moscow a decade ago be
qualified to brief a presidential candidate?
Read more
little-known U.S. energy consultant as part of his foreign
policy team, the adviser's ex-boss was puzzled; how could the
relatively junior banker he knew in Moscow a decade ago be
qualified to brief a presidential candidate?
Read more
UPDATE 2-Oil prices dip as focus returns to global supply overhang
* And China July oil demand down 0.3 pct at 10.58 million
bpd
(Re-leads, adds China oil stocks, updates prices)
Read more
bpd
(Re-leads, adds China oil stocks, updates prices)
Read more
Wednesday, August 24, 2016
Celebrities join Native American pipeline protest in Washington, DC
WASHINGTON, Aug 24 (Reuters) - Actors Susan Sarandon, Riley
Keough and Shailene Woodley joined members of North Dakota's
Standing Rock Sioux Tribe outside a courthouse in Washington,
D.C., on Wednesday to protest against construction of a pipeline
they say would pollute water and desecrate sacred land.
Read more
Keough and Shailene Woodley joined members of North Dakota's
Standing Rock Sioux Tribe outside a courthouse in Washington,
D.C., on Wednesday to protest against construction of a pipeline
they say would pollute water and desecrate sacred land.
Read more
Oil prices fall as market focus returns to global supply overhang
SINGAPORE, Aug 25 (Reuters) - Crude prices edged lower on
Thursday as brimming U.S. and Asian fuel inventories returned
investors' attention to a large global supply overhang, cutting
short a price rally and restricting Brent crude futures to below
the $50 a barrel mark.
Read more
Thursday as brimming U.S. and Asian fuel inventories returned
investors' attention to a large global supply overhang, cutting
short a price rally and restricting Brent crude futures to below
the $50 a barrel mark.
Read more
UPDATE 2-Iran, Ecuador discuss ways to strengthen oil prices
QUITO, Aug 24 (Reuters) - Iran and Ecuador on Wednesday
discussed ways that the two countries can strengthen oil prices
as Iran signals it may support joint efforts by exporters to
prop up flagging crude.
Read more
discussed ways that the two countries can strengthen oil prices
as Iran signals it may support joint efforts by exporters to
prop up flagging crude.
Read more
UPDATE 1-France to open tender for 3,000 MW of solar plants -ministry
PARIS, Aug 24 (Reuters) - France will launch a series of
tenders for a combined capacity of 3,000 megawatts (MW) of solar
plants, the energy ministry said in a statement on Wednesday.
Read more
tenders for a combined capacity of 3,000 megawatts (MW) of solar
plants, the energy ministry said in a statement on Wednesday.
Read more
Britain's FTSE underperforms European peers, miners hinder
LONDON, Aug 24 (Reuters) - Britain's blue-chip share index
retreated on Wednesday, underperforming its European peers, as a
sharp drop in metals prices put pressure on the mining sector
and South Africa-exposed stocks fell as the rand slipped.
Read more
retreated on Wednesday, underperforming its European peers, as a
sharp drop in metals prices put pressure on the mining sector
and South Africa-exposed stocks fell as the rand slipped.
Read more
UPDATE 4-RBC keeps close eye on Vancouver and Toronto housing markets
* Earnings per share of C$1.72 edge past expectations
(Recasts to add CEO comments from conference call)
Read more
(Recasts to add CEO comments from conference call)
Read more
UPDATE 6-Oil down more than 2 pct after big U.S. crude stock build
NEW YORK, Aug 24 (Reuters) - Oil prices extended their
losses on Wednesday, with U.S. crude futures falling more than 2
percent, after an unexpected large build in U.S. crude
stockpiles renewed worries about oversupply in the market.
Read more
losses on Wednesday, with U.S. crude futures falling more than 2
percent, after an unexpected large build in U.S. crude
stockpiles renewed worries about oversupply in the market.
Read more
Canada may ask oil firms to pay extra for far-offshore drilling-memo
TORONTO, Aug 24 (Reuters) - Canada may ask oil companies to
contribute to the hundreds of millions of dollars or more the
country has to pay to an international body if they drill far
offshore, according to an internal government memo.
Read more
contribute to the hundreds of millions of dollars or more the
country has to pay to an international body if they drill far
offshore, according to an internal government memo.
Read more
COLUMN-Colder 2016-17 winter will boost U.S. heating oil and gas demand: Kemp
LONDON, Aug 24 (Reuters) - The U.S. summer driving season
ends with Labor Day on Sep 5, and the attention of the energy
markets is already switching to the forthcoming winter heating
season.
Read more
ends with Labor Day on Sep 5, and the attention of the energy
markets is already switching to the forthcoming winter heating
season.
Read more
EUROPE POWER-Increased wind weighs on German prices in mixed spot
PARIS, Aug 24 (Reuters) - European spot power prices for
day-ahead delivery were mixed on Wednesday as increased
availability of wind power weighed on German prices while
scorching weather, boosting use of air conditioning, lifted
French prices.
Read more
day-ahead delivery were mixed on Wednesday as increased
availability of wind power weighed on German prices while
scorching weather, boosting use of air conditioning, lifted
French prices.
Read more
Tuesday, August 23, 2016
Moody's sees negative outlook on Mexican banks for first time in 6 years
MEXICO CITY, Aug 23 (Reuters) - Ratings agency Moody's on
Tuesday lowered its outlook for Mexico's banking sector to
negative for the first time in six years, citing slower economic
growth and exposure to cash-strapped state oil company Pemex.
Read more
Tuesday lowered its outlook for Mexico's banking sector to
negative for the first time in six years, citing slower economic
growth and exposure to cash-strapped state oil company Pemex.
Read more
Oil prices fall on U.S. crude stocks build; fears over China demand
SINGAPORE, Aug 24 (Reuters) - Oil prices fell early on
Wednesday as an unexpected build in U.S. crude stocks weighed on
markets, along with concerns that Chinese crude demand could
falter as Beijing clamps down on alleged tax evasion in the oil
industry.
Read more
Wednesday as an unexpected build in U.S. crude stocks weighed on
markets, along with concerns that Chinese crude demand could
falter as Beijing clamps down on alleged tax evasion in the oil
industry.
Read more
Tesla's Musk buying over half of SolarCity bond offer - filing
SAN FRANCISCO, Aug 23 (Reuters) - Tesla Motors
Chief Executive Elon Musk is buying $65 million of bonds from
SolarCity Corp in the latest debt offering by the solar
panel company that Tesla plans to acquire for $2.6 billion,
according to a filing on Tuesday.
Read more
Chief Executive Elon Musk is buying $65 million of bonds from
SolarCity Corp in the latest debt offering by the solar
panel company that Tesla plans to acquire for $2.6 billion,
according to a filing on Tuesday.
Read more
UPDATE 4-California moves to extend climate program despite weak auction results
SAN FRANCISCO, Aug 23 (Reuters) - The California Assembly on
Tuesday passed a bill to extend the state's ambitious program to
fight climate change beyond 2020, but minutes later it posted
disappointing results from an auction of carbon permits that is
key to the plan.
Read more
Tuesday passed a bill to extend the state's ambitious program to
fight climate change beyond 2020, but minutes later it posted
disappointing results from an auction of carbon permits that is
key to the plan.
Read more
UPDATE 4-Tesla touts speed and driving range with new upgraded battery
SAN FRANCISCO/WASHINGTON, Aug 23 (Reuters) - Tesla Motors
Inc crowned itself the maker of the world's fastest
production car on Tuesday, saying a new version of its Model S
all-electric sedan can accelerate from 0-60 miles per hour in
just 2-1/2 seconds.
Read more
Inc crowned itself the maker of the world's fastest
production car on Tuesday, saying a new version of its Model S
all-electric sedan can accelerate from 0-60 miles per hour in
just 2-1/2 seconds.
Read more
UPDATE 1-U.S. EPA links Texas quakes to oil work, echoing research
HOUSTON, Aug 23 (Reuters) - Federal regulators have
concluded that recent earthquakes in North Texas are likely
linked to wastewater disposal wells used by the oil and gas
industry, echoing findings from researchers at Texas
universities.
Read more
concluded that recent earthquakes in North Texas are likely
linked to wastewater disposal wells used by the oil and gas
industry, echoing findings from researchers at Texas
universities.
Read more
UPDATE 1-Big oil tankers' need for retrofit delays use of new Panama Canal
HOUSTON, Aug 23 (Reuters) - The promise that some oil
traders and brokers saw for an expanded Panama Canal to become a
new route for large tankers will take longer to realize than
expected because many ships must first undergo inconvenient
retrofits to transit through the new locks, shipping industry
experts said.
Read more
traders and brokers saw for an expanded Panama Canal to become a
new route for large tankers will take longer to realize than
expected because many ships must first undergo inconvenient
retrofits to transit through the new locks, shipping industry
experts said.
Read more
UPDATE 1-Rusoro says awarded $1.2 bln over Venezuelan seizure of gold assets
TORONTO, Aug 23 (Reuters) - Canada's Rusoro Mining Ltd
said on Tuesday it has been awarded more than $1.2
billion by a World Bank tribunal that ruled Venezuela had
unlawfully seized the company's gold assets four years ago.
Read more
said on Tuesday it has been awarded more than $1.2
billion by a World Bank tribunal that ruled Venezuela had
unlawfully seized the company's gold assets four years ago.
Read more
Angola's ruling party picks leaders ahead of 2017 election
LUANDA, Aug 23 (Reuters) - Angola's ruling People's Movement
for the Liberation of Angola (MPLA) elected new party leaders on
Tuesday, including a former army general seen as a front-runner
to succeed long-time president José Eduardo dos Santos.
Read more
for the Liberation of Angola (MPLA) elected new party leaders on
Tuesday, including a former army general seen as a front-runner
to succeed long-time president José Eduardo dos Santos.
Read more
UPDATE 2-Egypt plans to end fuel subsidies within three years - sources
CAIRO, Aug 23 (Reuters) - Egypt plans to end fuel subsidies
within three years and is aiming to increase fuel prices to 65
percent of their actual cost during the 2016/17 fiscal year, two
government sources told Reuters on Tuesday.
Read more
within three years and is aiming to increase fuel prices to 65
percent of their actual cost during the 2016/17 fiscal year, two
government sources told Reuters on Tuesday.
Read more
COLUMN-Saudi Arabia isn't flooding oil market ahead of freeze talks: Kemp
LONDON, Aug 23 (Reuters) - Saudi Arabia's oil production hit
a record in July, according to published statistics, and is
likely to hit another in August, according to industry sources.
Read more
a record in July, according to published statistics, and is
likely to hit another in August, according to industry sources.
Read more
RPT-COLUMN-China's surging fuel exports less worrisome than costly crude for refiners: Russell
LAUNCESTON, Australia, Aug 23 (Reuters) - A surge in China's
diesel exports last month to record levels is probably the last
thing refiners in the rest of Asia wanted to hear, but they
should probably worry more about rising crude oil prices.
Read more
diesel exports last month to record levels is probably the last
thing refiners in the rest of Asia wanted to hear, but they
should probably worry more about rising crude oil prices.
Read more
UPDATE 1-Iraq asks foreign companies to raise oil output, exports
BAGHDAD, Aug 23 (Reuters) - Iraq on Tuesday asked foreign
oil companies to increase oil output and exports, as Baghdad
joined those spotlighting production potential ahead of a major
energy gathering late next month.
Read more
oil companies to increase oil output and exports, as Baghdad
joined those spotlighting production potential ahead of a major
energy gathering late next month.
Read more
UPDATE 1-India's Idea Cellular denies report on merger talks with Vodafone
MUMBAI, Aug 23 (Reuters) - India's No. 3 mobile phone
carrier, Idea Cellular, strongly denied a news report
on Tuesday that it was in exploratory talks about a merger with
larger rival Vodafone India.
Read more
carrier, Idea Cellular, strongly denied a news report
on Tuesday that it was in exploratory talks about a merger with
larger rival Vodafone India.
Read more
Volkswagen says production to resume as deal struck with suppliers
HAMBURG, Aug 23 (Reuters) - Volkswagen said on
Tuesday that the two auto parts suppliers with which it has been
at loggerheads over a contract dispute had agreed to start
delivering parts again and that the affected plants would
gradually resume production.
Read more
Tuesday that the two auto parts suppliers with which it has been
at loggerheads over a contract dispute had agreed to start
delivering parts again and that the affected plants would
gradually resume production.
Read more
UPDATE 3-Oil slips below $49 as rising supply trumps hopes for producer action
* U.S. crude inventories seen lower in weekly report
(Previous SINGAPORE, updates prices, adds quote para 4)
Read more
(Previous SINGAPORE, updates prices, adds quote para 4)
Read more
COLUMN-China's surging fuel exports less worrisome than costly crude for refiners: Russell
LAUNCESTON, Australia, Aug 23 (Reuters) - A surge in China's
diesel exports last month to record levels is probably the last
thing refiners in the rest of Asia wanted to hear, but they
should probably worry more about rising crude oil prices.
Read more
diesel exports last month to record levels is probably the last
thing refiners in the rest of Asia wanted to hear, but they
should probably worry more about rising crude oil prices.
Read more
China planning body pledges 'clear' market environment for private investors
BEIJING, Aug 23 (Reuters) - China's top economic planning
agency, saying there are many opportunities for private
investors in infrastructure projects, pledged to introduce
measures to ensure they can compete fairly with state companies.
Read more
agency, saying there are many opportunities for private
investors in infrastructure projects, pledged to introduce
measures to ensure they can compete fairly with state companies.
Read more
Monday, August 22, 2016
Pakistan prepares its second LNG import terminal
SINGAPORE, Aug 23 (Reuters) - Pakistan is taking another
step towards becoming a key buyer of liquefied natural gas
(LNG), signing a deal to purchase a Floating Storage and
Regasification Unit (FSRU) for its second import terminal.
Read more
step towards becoming a key buyer of liquefied natural gas
(LNG), signing a deal to purchase a Floating Storage and
Regasification Unit (FSRU) for its second import terminal.
Read more
RPT-COLUMN-Oil prices surge as hedge funds reduce short positions: Kemp
LONDON, Aug 22 (Reuters) - Hedge funds executed one of the
fastest U-turns on record this month as managers turned from
super-bearish to cautiously bullish about the outlook for oil
prices.
Read more
fastest U-turns on record this month as managers turned from
super-bearish to cautiously bullish about the outlook for oil
prices.
Read more
Mexican development bank to issue first local green bonds
MEXICO CITY, Aug 22 (Reuters) - A Mexican development bank
said on Monday it will issue up to 2 billion pesos ($109
million) in green bonds, marking the country's first such
issuance in the local market.
Read more
said on Monday it will issue up to 2 billion pesos ($109
million) in green bonds, marking the country's first such
issuance in the local market.
Read more
UPDATE 2-U.S. rejects automakers' request to extend fuel comment deadline
WASHINGTON, Aug 22 (Reuters) - U.S. regulators on Monday
denied a request by major automakers to extend the comment
period on environmental analysis to determine whether government
fuel efficiency requirements are feasible through 2025.
Read more
denied a request by major automakers to extend the comment
period on environmental analysis to determine whether government
fuel efficiency requirements are feasible through 2025.
Read more
U.S. rejects automakers request to extend fuel comment deadline
WASHINGTON, Aug 22 (Reuters) - U.S. regulators late on
Monday denied a request by major automakers to extend the
comment period on a key environmental analysis to determine
whether government fuel efficiency requirements are feasible
through 2025.
Read more
Monday denied a request by major automakers to extend the
comment period on a key environmental analysis to determine
whether government fuel efficiency requirements are feasible
through 2025.
Read more
UPDATE 2-Corvex's Meister proposes to replace Williams' board
NEW YORK, Aug 22 (Reuters) - Keith Meister, who runs hedge
fund Corvex Management LP, said on Monday that he planned to
nominate candidates to replace pipeline company Williams Cos
Inc's entire board.
Read more
fund Corvex Management LP, said on Monday that he planned to
nominate candidates to replace pipeline company Williams Cos
Inc's entire board.
Read more
RPT-UPDATE 1-UK gas supply worries ease as storage site to open more wells for withdrawals
LONDON, Aug 22 (Reuters) - Twenty wells at Britain's Rough
gas storage site should be available for withdrawals from Nov.
1, Centrica Storage Limited (CSL) said on Monday, above the
operator's previous estimate and easing concerns about record
low gas stocks this winter.
Read more
gas storage site should be available for withdrawals from Nov.
1, Centrica Storage Limited (CSL) said on Monday, above the
operator's previous estimate and easing concerns about record
low gas stocks this winter.
Read more
UPDATE 1-Libya's eastern parliament votes against UN-backed govt in Tripoli
BENGHAZI, Libya, Aug 22 (Reuters) - Opponents of Libya's
U.N.-backed government voted on Monday against a motion of
confidence in the Tripoli-based administration, in a rare
session of the parliament based in the east of the country.
Read more
U.N.-backed government voted on Monday against a motion of
confidence in the Tripoli-based administration, in a rare
session of the parliament based in the east of the country.
Read more
COLUMN-Oil prices surge as hedge funds reduce short positions: Kemp
LONDON, Aug 22 (Reuters) - Hedge funds executed one of the
fastest U-turns on record this month as managers turned from
super-bearish to cautiously bullish about the outlook for oil
prices.
Read more
fastest U-turns on record this month as managers turned from
super-bearish to cautiously bullish about the outlook for oil
prices.
Read more
Russian EconMin: govt "to do its best" to privatise Rosneft in 2016
SHCHETINKA, Russia, Aug 22 (Reuters) - Russia's government
should do its best to privatise a stake in the nation's largest
oil producer Rosneft this year, Russian Economy
Minister Alexei Ulyukayev said on Monday.
Read more
should do its best to privatise a stake in the nation's largest
oil producer Rosneft this year, Russian Economy
Minister Alexei Ulyukayev said on Monday.
Read more
UPDATE 1-Canada's Alimentation Couche-Tard to buy CST Brands for $3.67 bln
Aug 22 (Reuters) - Canadian convenience store operator
Alimentation Couche-Tard Inc said it would buy U.S.
convenience store retailer CST Brands Inc for about
$3.67 billion, as the company looks to strengthen its U.S.
operations.
Read more
Alimentation Couche-Tard Inc said it would buy U.S.
convenience store retailer CST Brands Inc for about
$3.67 billion, as the company looks to strengthen its U.S.
operations.
Read more
German exports to Iran soar in H1 after removal of sanctions
BERLIN, Aug 22 (Reuters) - German exports to Iran, mostly
machines and equipment, jumped in the first half of the year
following the removal of international sanctions against the
Islamic Republic, official trade data showed on Monday.
Read more
machines and equipment, jumped in the first half of the year
following the removal of international sanctions against the
Islamic Republic, official trade data showed on Monday.
Read more
RPT-Anger in the Delta keeps oil majors quiet - and Nigeria's crude offline
LONDON/LAGOS, Aug 21 (Reuters) - Oil companies and even
Nigerian officials are losing faith in a deal anytime soon with
militants who have slashed the nation's oil output, casting
doubt on a production recovery in what is typically Africa's
largest oil exporter.
Read more
Nigerian officials are losing faith in a deal anytime soon with
militants who have slashed the nation's oil output, casting
doubt on a production recovery in what is typically Africa's
largest oil exporter.
Read more
Sunday, August 21, 2016
China's oil product exports surge in July- customs
NEW YORK, Aug 22 (Reuters) - China's diesel, gasoline and
kerosene exports surged in July from a year earlier, customs
data showed on Monday, the latest sign the world's top
commodities consumer can't cope with its domestic oversupply of
fuel.
Read more
kerosene exports surged in July from a year earlier, customs
data showed on Monday, the latest sign the world's top
commodities consumer can't cope with its domestic oversupply of
fuel.
Read more
UPDATE 1-Nigerian militant group says agrees on ceasefire, ready for dialogue with government
YENAGOA, Nigeria, Aug 21 (Reuters) - A Nigerian militant
group, which has claimed a wave of attacks on oil facilities in
the Niger Delta, said it was ready for a ceasefire and a
dialogue with the government.
Read more
group, which has claimed a wave of attacks on oil facilities in
the Niger Delta, said it was ready for a ceasefire and a
dialogue with the government.
Read more
Nigerian militant group says ready for dialogue with government
YENAGOA, Nigeria, Aug 21 (Reuters) - A Nigerian militant
group, which has claimed a wave of attacks on oil facilities in
the Niger Delta, said it was ready for dialogue with the
government.
Read more
group, which has claimed a wave of attacks on oil facilities in
the Niger Delta, said it was ready for dialogue with the
government.
Read more
Anger in the Delta keeps oil majors quiet - and Nigeria's crude offline
LONDON/LAGOS, Aug 21 (Reuters) - Oil companies and even
Nigerian officials are losing faith in a deal anytime soon with
militants who have slashed the nation's oil output, casting
doubt on a production recovery in what is typically Africa's
largest oil exporter.
Read more
Nigerian officials are losing faith in a deal anytime soon with
militants who have slashed the nation's oil output, casting
doubt on a production recovery in what is typically Africa's
largest oil exporter.
Read more
UPDATE 4-Twenty-two killed, 94 injured in bomb attack of Turkish wedding
ANKARA/ISTANBUL, Aug 20 (Reuters) - Twenty-two people were
killed and 94 wounded when a suspected suicide bomber targeted a
wedding celebration in the Turkish city of Gaziantep on
Saturday, adding to a surge in violence this week in the mainly
Kurdish southeast.
Read more
killed and 94 wounded when a suspected suicide bomber targeted a
wedding celebration in the Turkish city of Gaziantep on
Saturday, adding to a surge in violence this week in the mainly
Kurdish southeast.
Read more
Saturday, August 20, 2016
Several wounded in blast at wedding in Turkey's Gaziantep -state media
ISTANBUL, Aug 20 (Reuters) - Several people were wounded
when a blast targeted a wedding ceremony in the southern Turkish
city of Gaziantep on Saturday evening, state media reported,
citing the local governor.
Read more
when a blast targeted a wedding ceremony in the southern Turkish
city of Gaziantep on Saturday evening, state media reported,
citing the local governor.
Read more
Haiti Senate report claims graft in use of Venezuela funds
PORT-AU-PRINCE, Aug 19 (Reuters) - A Haitian Senate
report has called for charges to be brought against two former
prime ministers and several ministers for alleged embezzlement,
abuse of authority and forgery stemming from the use of funds in
a Venezuelan oil loan program.
Read more
report has called for charges to be brought against two former
prime ministers and several ministers for alleged embezzlement,
abuse of authority and forgery stemming from the use of funds in
a Venezuelan oil loan program.
Read more
Friday, August 19, 2016
UPDATE 2-Canada's British Columbia keeps carbon tax frozen in new climate plan
Aug 19 (Reuters) - Canada's British Columbia unveiled a new
climate action plan on Friday that kept its carbon tax frozen at
C$30 per tonne, a move environmental groups warned would
undermine the province's target of cutting 2050 emissions by 80
percent from 2007 levels.
Read more
climate action plan on Friday that kept its carbon tax frozen at
C$30 per tonne, a move environmental groups warned would
undermine the province's target of cutting 2050 emissions by 80
percent from 2007 levels.
Read more
Chinese power conglomerates becoming dominant forces in Brazil
SAO PAULO, Aug 19 (Reuters) - Chinese power conglomerates
are gradually becoming the dominant force in Brazil's
electricity industry, where high debt, a harsh recession and
less stringent takeover barriers than in other major markets
have stoked a wave of acquisitions.
Read more
are gradually becoming the dominant force in Brazil's
electricity industry, where high debt, a harsh recession and
less stringent takeover barriers than in other major markets
have stoked a wave of acquisitions.
Read more
UPDATE 1-Angolan president Dos Santos re-elected leader of ruling MPLA party
LUANDA, Aug 19 (Reuters) - Angola's ruling People's Movement
for the Liberation of Angola (MPLA) on Friday confirmed the
election of Jose Eduardo dos Santos for another term as leader
of the party.
Read more
for the Liberation of Angola (MPLA) on Friday confirmed the
election of Jose Eduardo dos Santos for another term as leader
of the party.
Read more
UPDATE 3-Civilians flee Syrian city as Kurdish forces fight govt
BEIRUT, Aug 19 (Reuters) - Civilians fled a city in
northeastern Syria where government warplanes bombed
Kurdish-held areas for a second day on Friday, as the Syrian
army accused Kurdish forces of igniting the conflict by trying
to take over the area.
Read more
northeastern Syria where government warplanes bombed
Kurdish-held areas for a second day on Friday, as the Syrian
army accused Kurdish forces of igniting the conflict by trying
to take over the area.
Read more
Angolan president Dos Santos re-elected leader of ruling MPLA party
LUANDA, Aug 19 (Reuters) - Angola's long-ruling president
Jose Eduardo dos Santos was overwhelmingly re-elected leader of
the People's Movement for the Liberation of Angola (MPLA) party
on Friday, results showed.
Read more
Jose Eduardo dos Santos was overwhelmingly re-elected leader of
the People's Movement for the Liberation of Angola (MPLA) party
on Friday, results showed.
Read more
Venezuela's PDVSA in talks with Credit Suisse for bond swap
CARACAS/HOUSTON, Aug 19 (Reuters) - Venezuelan state oil
company PDVSA has begun talks with Credit Suisse AG
for a possible swap of bonds expiring in 2017,
according to sources familiar with the conversations.
Read more
company PDVSA has begun talks with Credit Suisse AG
for a possible swap of bonds expiring in 2017,
according to sources familiar with the conversations.
Read more
U.S. oil drillers add rigs for eighth week in row -Baker Hughes
Aug 19 (Reuters) - U.S. drillers this week added oil rigs
for an eighth consecutive week, the longest recovery streak in
the rig count in over two years, as crude prices rebounded
toward the key $50-a-barrel mark that makes the return to the
well pad viable.
Read more
for an eighth consecutive week, the longest recovery streak in
the rig count in over two years, as crude prices rebounded
toward the key $50-a-barrel mark that makes the return to the
well pad viable.
Read more
GLOBAL LNG-Prices dip on new tenders as Argentina cancels, defers imports
MILAN, Aug 19 (Reuters) - Asian spot liquefied natural gas
(LNG) prices edged lower on a slew of new supply tenders and as
Argentina moved to cancel and delay previously agreed purchases,
but rallying oil and Nigerian disruptions held deeper losses at
bay.
Read more
(LNG) prices edged lower on a slew of new supply tenders and as
Argentina moved to cancel and delay previously agreed purchases,
but rallying oil and Nigerian disruptions held deeper losses at
bay.
Read more
Syrian Kurds evacuate thousands from Hasaka city on second day of bombing
BEIRUT, Aug 19 (Reuters) - Syrian Kurdish authorities
evacuated thousands of civilians from Kurdish areas of a city in
northeastern Syria on a second day of government air strikes and
artillery bombardment on Friday, a spokesman for the Kurdish YPG
militia said.
Read more
evacuated thousands of civilians from Kurdish areas of a city in
northeastern Syria on a second day of government air strikes and
artillery bombardment on Friday, a spokesman for the Kurdish YPG
militia said.
Read more
Iran's June crude oil exports steady at 2 mln bpd - JODI
DUBAI, Aug 19 (Reuters) - Iran's crude oil exports were flat
in June at just over 2 million barrels per day and production at
3.610 million bpd was steady from the previous month, official
data showed on Friday.
Read more
in June at just over 2 million barrels per day and production at
3.610 million bpd was steady from the previous month, official
data showed on Friday.
Read more
China's State Grid expresses regret over Australia rejection
BEIJING, Aug 19 (Reuters) - State Grid Corp of China
expressed "deep regret" on Friday after Australia
formally blocked the A$10 billion ($7.6 bln) sale of Ausgrid to
Chinese bidders on security grounds.
Read more
expressed "deep regret" on Friday after Australia
formally blocked the A$10 billion ($7.6 bln) sale of Ausgrid to
Chinese bidders on security grounds.
Read more
COLUMN-U.S. natural gas market rebalances on hot weather, low prices: Kemp
LONDON, Aug 19 (Reuters) - U.S. stocks of natural gas are
rising much more slowly than normal for this time of year as a
long, hot summer spurs record air-conditioning demand and gas
burn by power generators.
Read more
rising much more slowly than normal for this time of year as a
long, hot summer spurs record air-conditioning demand and gas
burn by power generators.
Read more
GLOBAL MARKETS-European shares, oil ease as markets return to Fed-watching
LONDON, Aug 19 (Reuters) - European shares were poised to
post their biggest weekly loss in two months on Friday while
crude oil snapped its winning streak after a weaker dollar and
hopes of production cuts had lifted prices to eight-week highs.
Read more
post their biggest weekly loss in two months on Friday while
crude oil snapped its winning streak after a weaker dollar and
hopes of production cuts had lifted prices to eight-week highs.
Read more
China says Australia grid sale decision will hurt trade relationship
BEIJING, Aug 19 (Reuters) - Australia's decision to block
grid sale to Chinese firms showed uncertainty in its investment
environment and will seriously hurt the willingness of Chinese
companies to invest in the country, China's commerce ministry
said on Friday.
Read more
grid sale to Chinese firms showed uncertainty in its investment
environment and will seriously hurt the willingness of Chinese
companies to invest in the country, China's commerce ministry
said on Friday.
Read more
UPDATE 2-Brent crude oil rises, on track for seventh day of gains
SINGAPORE, Aug 19 (Reuters) - Brent crude oil prices rose
above $51 a barrel on Friday to hit an eight-week high and were
on track to rise for a seventh trading day, as hopes that
producers could agree measures to support crude buoyed
sentiment.
Read more
above $51 a barrel on Friday to hit an eight-week high and were
on track to rise for a seventh trading day, as hopes that
producers could agree measures to support crude buoyed
sentiment.
Read more
Chevron says no plan to exit Thailand, may keep stake in Myanmar gas field
BANGKOK, Aug 19 (Reuters) - Chevron is committed to
its Thailand investments despite job cuts that have spurred
rumours of the U.S. oil major's exit, and may keep a Myanmar gas
field stake if no attractive offer is made for the asset, an
executive said in a statement on Friday.
Read more
its Thailand investments despite job cuts that have spurred
rumours of the U.S. oil major's exit, and may keep a Myanmar gas
field stake if no attractive offer is made for the asset, an
executive said in a statement on Friday.
Read more
UPDATE 1-Woodside, Santos profits slump, focus on cost cuts
* Woodside, Santos shares up
(Recasts with Santos, adds Woodside CEO, analyst comments,
shares)
Read more
(Recasts with Santos, adds Woodside CEO, analyst comments,
shares)
Read more
RPT-Russia takes budget gamble by shelving Bashneft stake sale
MOSCOW, Aug 18 (Reuters) - A surprise delay to Russia's
privatisation of mid-sized oil producer Bashneft does not bode
well for plans to sell a stake in energy giant Rosneft this
year. A failure of that deal too would deal a heavy blow to
state finances.
Read more
privatisation of mid-sized oil producer Bashneft does not bode
well for plans to sell a stake in energy giant Rosneft this
year. A failure of that deal too would deal a heavy blow to
state finances.
Read more
Thursday, August 18, 2016
RPT-COLUMN-Copper - a tale of two South American producers: Andy Home
LONDON, Aug 18 (Reuters) - Copper is underperforming every
other major base metal so far this year.
Read more
other major base metal so far this year.
Read more
Brent crude oil prices dip on U.S. profit taking
SINGAPORE, Aug 19 (Reuters) - Brent crude oil prices dipped
in early Asian trading hours on Friday, but remained near
two-month highs with Brent still holding above $50 per barrel in
a bull-run that has lifted the market by over 20 percent since
early August.
Read more
in early Asian trading hours on Friday, but remained near
two-month highs with Brent still holding above $50 per barrel in
a bull-run that has lifted the market by over 20 percent since
early August.
Read more
U.S. EPA has not completed required review of biofuel mandate -report
WASHINGTON, Aug 18 (Reuters) - The U.S. Environmental
Protection Agency has not complied with federal requirements to
study the effects of the nation's biofuel use mandate, an agency
watchdog said on Thursday.
Read more
Protection Agency has not complied with federal requirements to
study the effects of the nation's biofuel use mandate, an agency
watchdog said on Thursday.
Read more
UPDATE 1-Caterpillar to explore options for some mining products, cut jobs
Aug 18 (Reuters) - Caterpillar Inc said on Thursday
it would explore options, including a possible divestiture for
some of its mining products, and would stop taking orders for
machinery specific to underground soft rock mining.
Read more
it would explore options, including a possible divestiture for
some of its mining products, and would stop taking orders for
machinery specific to underground soft rock mining.
Read more
UPDATE 2-Enterprise Products approached Williams over acquisition -sources
Aug 18 (Reuters) - Enterprise Product Partners LP
approached Williams Companies Inc earlier this summer
about an acquisition that would combine the two U.S. oil and gas
pipeline companies, according to people familiar with the
matter.
Read more
approached Williams Companies Inc earlier this summer
about an acquisition that would combine the two U.S. oil and gas
pipeline companies, according to people familiar with the
matter.
Read more
Vitol says Exxon Mobil lacked 'transparency' during Torrance outage
HOUSTON, Aug 18 (Reuters) - Swiss commodity trader Vitol SA
criticized Exxon Mobil Corp this week for
failing to be transparent about maintenance at its Los Angeles
refinery following a February 2015 blast, which contributed to
tighter gasoline supplies and higher prices.
Read more
criticized Exxon Mobil Corp this week for
failing to be transparent about maintenance at its Los Angeles
refinery following a February 2015 blast, which contributed to
tighter gasoline supplies and higher prices.
Read more
Russia takes budget gamble by shelving Bashneft stake sale
MOSCOW, Aug 18 (Reuters) - A surprise delay to Russia's
privatisation of mid-sized oil producer Bashneft does not bode
well for plans to sell a stake in energy giant Rosneft this
year. A failure of that deal too would deal a heavy blow to
state finances.
Read more
privatisation of mid-sized oil producer Bashneft does not bode
well for plans to sell a stake in energy giant Rosneft this
year. A failure of that deal too would deal a heavy blow to
state finances.
Read more
European shares snap losing streak, financials and industrials firmer
* STOXX 600 still down around 7 pct in 2016
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
UPDATE 1-Ghana pumps first oil from second offshore TEN field
TAKORADI, Ghana, Aug 18 (Reuters) - Ghana began pumping
crude from a second offshore field operated by British company
Tullow Oil on Thursday, hoping the additional revenue
will boost its flagging economy.
Read more
crude from a second offshore field operated by British company
Tullow Oil on Thursday, hoping the additional revenue
will boost its flagging economy.
Read more
UPDATE 2-Nigeria oil minister says OPEC cuts unlikely, Algeria meeting could help price
LAGOS, Aug 18 (Reuters) - Nigerian oil minister Emmanuel Ibe
Kachikwu said on Thursday that while a cut in OPEC production is
unlikely, there is hope a meeting of producers in Algeria next
month could help shore up crude prices.
Read more
Kachikwu said on Thursday that while a cut in OPEC production is
unlikely, there is hope a meeting of producers in Algeria next
month could help shore up crude prices.
Read more
RPT-COLUMN-Will it matter? That's the question to ask of any oil producers' deal: Russell
LAUNCESTON, Australia, Aug 18 (Reuters) - Asking whether the
world's major crude oil-exporting countries can reach a deal to
limit output is probably the wrong question. Asking whether it
matters if they do is more relevant.
Read more
world's major crude oil-exporting countries can reach a deal to
limit output is probably the wrong question. Asking whether it
matters if they do is more relevant.
Read more
EUROPE POWER-Spot narrowly down, curve ignores firmer fuels
FRANKFURT, Aug 18 (Reuters) - European spot power prices
eased on Thursday on weaker pre-weekend demand and improved
thermal plant availability, outweighing the impact of reduced
renewables output.
Read more
eased on Thursday on weaker pre-weekend demand and improved
thermal plant availability, outweighing the impact of reduced
renewables output.
Read more
UPDATE 1-Myanmar's Suu Kyi meets China PM, due to sign deals on hospitals, bridge
BEIJING/YANGON, Aug 18 (Reuters) - China and Myanmar are set
to sign deals to build a strategic bridge near their border and
two hospitals in the Southeast Asian country, a Myanmar official
said on Thursday, as leader Aung San Suu Kyi met government
leaders in Beijing.
Read more
to sign deals to build a strategic bridge near their border and
two hospitals in the Southeast Asian country, a Myanmar official
said on Thursday, as leader Aung San Suu Kyi met government
leaders in Beijing.
Read more
Wednesday, August 17, 2016
Brazil seizes $655 mln in assets from Odebrecht, OAS, executives
SAO PAULO, Aug 17 (Reuters) - Brazil's federal auditing
court TCU ordered on Wednesday the seizure of about 2.1 billion
reais ($655 million) worth of assets from engineering firms
Odebrecht SA and OAS SA and some of their executives, to recoup
losses from contracts related to the country's biggest ever
corruption scandal.
Read more
court TCU ordered on Wednesday the seizure of about 2.1 billion
reais ($655 million) worth of assets from engineering firms
Odebrecht SA and OAS SA and some of their executives, to recoup
losses from contracts related to the country's biggest ever
corruption scandal.
Read more
Whitehaven Coal beats forecasts with a FY16 $15.7 mln profit
SYDNEY, Aug 18 (Reuters) - Australia's Whitehaven Coal Ltd
posted a fiscal 2016 net profit of A$20.5 million
($15.69 million) on Thursday, beating analysts' forecasts.
Read more
posted a fiscal 2016 net profit of A$20.5 million
($15.69 million) on Thursday, beating analysts' forecasts.
Read more
SolarCity CEO takes pay cut, to get $1 as annual salary
Aug 17 (Reuters) - Solar panel installer SolarCity Corp
, which recently accepted Tesla Motors Inc's
$2.6 billion buyout offer, said CEO Lyndon Rive would now take
$1 as annual salary, a steep drop from $275,000, as part of the
company's cost-cutting plans.
Read more
, which recently accepted Tesla Motors Inc's
$2.6 billion buyout offer, said CEO Lyndon Rive would now take
$1 as annual salary, a steep drop from $275,000, as part of the
company's cost-cutting plans.
Read more
Tropical Storm Fiona forms in central Atlantic Ocean - NHC
Aug 17 (Reuters) - Tropical Storm Fiona, the sixth named
storm of the 2016 Atlantic hurricane season, has formed over the
central tropical Atlantic Ocean, the National Hurricane Center
(NHC) said on Wednesday.
Read more
storm of the 2016 Atlantic hurricane season, has formed over the
central tropical Atlantic Ocean, the National Hurricane Center
(NHC) said on Wednesday.
Read more
Rosneftegas should make Rosneft privatisation recommendations by Sept. 1 - RIA
MOSCOW, Aug 17 (Reuters) - State-controlled Rosneftegas,
which owns 69.5 percent of Russia's Rosneft , should
present by Sept. 1 names of potential candidates to participate
in Rosneft's privatisation, RIA news agency reported, citing the
economy ministry.
Read more
which owns 69.5 percent of Russia's Rosneft , should
present by Sept. 1 names of potential candidates to participate
in Rosneft's privatisation, RIA news agency reported, citing the
economy ministry.
Read more
UPDATE 2-Mutiny behind Malaysian tanker's change of course - authorities
KUALA LUMPUR, Aug 17 (Reuters) - An oil tanker which was
first reported to have been hijacked and sailed into Indonesian
waters, was likely taken over by its own crew due to a dispute
with their employer, Malaysian authorities said on Wednesday.
Read more
first reported to have been hijacked and sailed into Indonesian
waters, was likely taken over by its own crew due to a dispute
with their employer, Malaysian authorities said on Wednesday.
Read more
URGENT-U.S. ITC backs steel pipe and tube import duties
WASHINGTON, Aug 17 (Reuters) - The U.S. International Trade
Commission on Wednesday backed duties on imports of certain
carbon steel pipes and tubes from South Korea, Mexico and
Turkey, saying the imports were harming domestic producers.
Read more
Commission on Wednesday backed duties on imports of certain
carbon steel pipes and tubes from South Korea, Mexico and
Turkey, saying the imports were harming domestic producers.
Read more
UPDATE 2-Norway's oil fund pares UK property portfolio after Brexit vote
* Repeats will remain a long-term investor in country
(Recasts on Brexit, adds deputy CEO quotes, detail)
Read more
(Recasts on Brexit, adds deputy CEO quotes, detail)
Read more
UPDATE 1-Russia says Rosneft stake sale to come before Bashneft
MOSCOW, Aug 17 (Reuters) - A sale of part of Russia's
holding in oil producer Rosneft is a priority and will
come before any privatisation of mid-sized rival Bashneft
, First Deputy Prime Minister Igor Shuvalov said on
Wednesday.
Read more
holding in oil producer Rosneft is a priority and will
come before any privatisation of mid-sized rival Bashneft
, First Deputy Prime Minister Igor Shuvalov said on
Wednesday.
Read more
COLUMN-Freight recovery offers hope for U.S. diesel demand in 2017: Kemp
LONDON, Aug 17 (Reuters) - U.S. freight shipments are
showing tentative signs of a recovery which could underpin
faster growth in diesel demand in 2017.
Read more
showing tentative signs of a recovery which could underpin
faster growth in diesel demand in 2017.
Read more
CORRECTED-RPT-Undermining China: towns sink after mines close
HELIN, China, Aug 14 (Reuters) - Deep in the coal
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
RPT-COLUMN-Is being a boring cash cow going to be enough for BHP?: Russell
LAUNCESTON, Australia, Aug 17 (Reuters) - While a record
loss is certain to grab media headlines, the real story about
BHP Billiton is far more sanguine as the company tries
to prove that boring is better.
Read more
loss is certain to grab media headlines, the real story about
BHP Billiton is far more sanguine as the company tries
to prove that boring is better.
Read more
REFILE-Malaysian authorities say ship carrying diesel hijacked
KUALA LUMPUR, Aug 17 (Reuters) - An oil tanker carrying
900,000 litres of diesel has been hijacked and taken into
Indonesian waters, Malaysian maritime authorities said on
Wednesday.
Read more
900,000 litres of diesel has been hijacked and taken into
Indonesian waters, Malaysian maritime authorities said on
Wednesday.
Read more
Shipping traffic suspended in Turkey's Bosphorus after collision -shipping agent
ISTANBUL, Aug 17 (Reuters) - Traffic in Turkey's Bosphorus
Strait, a key international shipping lane for oil and grain, was
suspended on Wednesday after a bulk carrier collided with a
coast guard boat, shipping agent GAC said.
Read more
Strait, a key international shipping lane for oil and grain, was
suspended on Wednesday after a bulk carrier collided with a
coast guard boat, shipping agent GAC said.
Read more
Tuesday, August 16, 2016
COLUMN-Is being a boring cash cow going to be enough for BHP?: Russell
LAUNCESTON, Australia, Aug 17 (Reuters) - While a record
loss is certain to grab media headlines, the real story about
BHP Billiton is far more sanguine as the company tries
to prove that boring is better.
Read more
loss is certain to grab media headlines, the real story about
BHP Billiton is far more sanguine as the company tries
to prove that boring is better.
Read more
Oil prices fall on doubts that producers can agree output restraint
SINGAPORE, Aug 17 (Reuters) - Oil prices fell away from
5-week highs early on Wednesday, as analysts doubted a
successful outcome from producer talks to rein in ballooning
oversupply.
Read more
5-week highs early on Wednesday, as analysts doubted a
successful outcome from producer talks to rein in ballooning
oversupply.
Read more
RPT-COLUMN-Will OPEC agree to freeze output in Sept? Kemp
LONDON, Aug 16 (Reuters) - OPEC and non-OPEC countries are
again flirting with the idea of a production freeze to
accelerate oil-market rebalancing, according to recent
statements by several oil ministers.
Read more
again flirting with the idea of a production freeze to
accelerate oil-market rebalancing, according to recent
statements by several oil ministers.
Read more
Maduro says Venezuela signs $4.5 bln mining deals, gives no details
CARACAS, Aug 16 (Reuters) - President Nicolas Maduro said on
Tuesday that Venezuela had signed $4.5 billion in mining deals
for investment in the South American country's southern mineral
belt, but did not say who the deals were with or for what
projects.
Read more
Tuesday that Venezuela had signed $4.5 billion in mining deals
for investment in the South American country's southern mineral
belt, but did not say who the deals were with or for what
projects.
Read more
China warns Australia on investment following blocked Ausgrid deal
SYDNEY, Aug 17 (Reuters) - The Chinese embassy has warned
that Australia's rejection of bids by two Chinese companies in
the A$10 billion ($7.7 billion)sale of its biggest energy grid
showed "clear protectionist tendencies" and would have a
"serious impact on the enthusiasm" of Chinese investors.
Read more
that Australia's rejection of bids by two Chinese companies in
the A$10 billion ($7.7 billion)sale of its biggest energy grid
showed "clear protectionist tendencies" and would have a
"serious impact on the enthusiasm" of Chinese investors.
Read more
CORRECTED-UPDATE 1-Gabon opposition chooses Ping as candidate for Aug. 27 election
LIBREVILLE, Aug 16 (Reuters) - Gabon's main opposition
parties chose former foreign minister Jean Ping as their
candidate in an election on Aug. 27 against President Ali Bongo,
who is standing for a second term.
Read more
parties chose former foreign minister Jean Ping as their
candidate in an election on Aug. 27 against President Ali Bongo,
who is standing for a second term.
Read more
UPDATE 1-Canada's Couche-Tard in lead to acquire CST Brands -sources
NEW YORK, Aug 16 (Reuters) - Canadian convenience store
operator Alimentation Couche-Tard Inc is in the lead
to acquire CST Brands Inc, a U.S.-based convenience
store retailer, according to two sources familiar with the
matter.
Read more
operator Alimentation Couche-Tard Inc is in the lead
to acquire CST Brands Inc, a U.S.-based convenience
store retailer, according to two sources familiar with the
matter.
Read more
UPDATE 1-Russia orders surprise delay in Bashneft oil firm privatisation
MOSCOW, Aug 16 (Reuters) - Russian Prime Minister Dmitry
Medvedev has postponed the privatisation of mid-sized oil
producer Bashneft, his spokeswoman said on Tuesday, a
surprise move she said was approved by President Vladimir Putin.
Read more
Medvedev has postponed the privatisation of mid-sized oil
producer Bashneft, his spokeswoman said on Tuesday, a
surprise move she said was approved by President Vladimir Putin.
Read more
Russian Prime Minister Medvedev delays Bashneft privatisation - RBC
MOSCOW, Aug 16 (Reuters) - Russian Prime Minister Dmitry
Medvedev has decided to postpone the privatisation of a
government stake in oil producer Bashneft for an
unspecified amount of time, the RBC news organisation reported
on Tuesday, citing Medvedev's spokeswoman.
Read more
Medvedev has decided to postpone the privatisation of a
government stake in oil producer Bashneft for an
unspecified amount of time, the RBC news organisation reported
on Tuesday, citing Medvedev's spokeswoman.
Read more
Britain's FTSE slips from 14-month highs as UK inflation bites
LONDON, Aug 16 (Reuters) - Britain's top shares index
slipped from a 14-month high on Tuesday as higher-than-expected
UK inflation data weighed on the market.
Read more
slipped from a 14-month high on Tuesday as higher-than-expected
UK inflation data weighed on the market.
Read more
CANADA STOCKS-TSX falls as banks, natural resource companies weigh
TORONTO, Aug 16 (Reuters) - Canada's main stock index fell
on Tuesday, dragged lower by some mining and energy companies
despite the advance of gold and global oil prices.
Read more
on Tuesday, dragged lower by some mining and energy companies
despite the advance of gold and global oil prices.
Read more
UPDATE 3-BHP Billiton books record loss, says commodity price 'free fall' over
* BHP sees rising cash flows, confident in long-term outlook
(Adds CEO comment, analysis, detail)
Read more
(Adds CEO comment, analysis, detail)
Read more
UPDATE 2-Oil trades at fresh August high on hopes producer action
LONDON, Aug 16 (Reuters) - Oil prices reached their highest
levels in more than five weeks on Tuesday as the market rode
optimism over potential producer action to prop up the market.
Read more
levels in more than five weeks on Tuesday as the market rode
optimism over potential producer action to prop up the market.
Read more
EUROPE POWER-Prompt rises on German demand, tight French nuclear
FRANKFURT, Aug 16 (Reuters) - European spot power prices
rose on Tuesday as hot weather and low wind was set to give way
to slightly lower temperatures over the next two days in
Germany, the main market, where demand was rising.
Read more
rose on Tuesday as hot weather and low wind was set to give way
to slightly lower temperatures over the next two days in
Germany, the main market, where demand was rising.
Read more
Britain's FTSE retreats, though Antofagasta leads miners higher
LONDON, Aug 16 (Reuters) - UK shares slipped from a 14-month
high on Tuesday, though mining stocks rallied following a
well-received set of results from Antofagasta.
Read more
high on Tuesday, though mining stocks rallied following a
well-received set of results from Antofagasta.
Read more
Myanmar's Suu Kyi heads to China with dam project clouding ties
YANGON, Aug 16 (Reuters) - Myanmar leader Aung San Suu Kyi
is heading to China on Wednesday for what is likely to be her
government's biggest diplomatic test, with the fate of a
suspended dam project, backed by China but opposed by many
people in Myanmar, in the balance.
Read more
is heading to China on Wednesday for what is likely to be her
government's biggest diplomatic test, with the fate of a
suspended dam project, backed by China but opposed by many
people in Myanmar, in the balance.
Read more
Russia to decide in autumn whether to top up sovereign Eurobond issue - FinMin
MOSCOW, Aug 16 (Reuters) - Russia's Finance Ministry will
decide in autumn whether to top up sovereign Eurobond issue,
Konstantin Vyshkovsky, head of the ministry's debt department,
told Reuters.
Read more
decide in autumn whether to top up sovereign Eurobond issue,
Konstantin Vyshkovsky, head of the ministry's debt department,
told Reuters.
Read more
Cairn Energy raises resource estimate for Senegal oilfields
Aug 16 (Reuters) - Oil exploration company Cairn Energy Plc
raised its best estimate of reserves at its oilfields
off the coast of Senegal by almost a third on Tuesday, following
successful appraisal of the SNE-4 test well earlier this year.
Read more
raised its best estimate of reserves at its oilfields
off the coast of Senegal by almost a third on Tuesday, following
successful appraisal of the SNE-4 test well earlier this year.
Read more
Indonesia's proposed 2017 budget puts fiscal deficit at 2.41 pct of GDP
JAKARTA, Aug 16 (Reuters) - Indonesia's President Joko
Widodo on Tuesday proposed to parliament a 2017 state budget
that has a fiscal deficit at 2.41 percent of gross domestic
product (GDP) and assumes the economy will grow 5.3 percent next
year.
The government's GDP growth target this year is 5.2 percent.
In the second quarter, Indonesia had stronger-than-expected
annual growth of 5.18 percent.
The initial budget for this year called for a fiscal deficit
of 2.35 percent. But new Financ
Read more
Widodo on Tuesday proposed to parliament a 2017 state budget
that has a fiscal deficit at 2.41 percent of gross domestic
product (GDP) and assumes the economy will grow 5.3 percent next
year.
The government's GDP growth target this year is 5.2 percent.
In the second quarter, Indonesia had stronger-than-expected
annual growth of 5.18 percent.
The initial budget for this year called for a fiscal deficit
of 2.35 percent. But new Financ
Read more
Monday, August 15, 2016
Australia shares trapped, NZ stocks edge lower
SYDNEY/WELLINGTON, Aug 16 (Reuters) - Australian shares
moved sideways on Tuesday as gains in the energy and natural
resources sectors were offset by weakness in financials and
discretionary stocks in another busy week of earnings reporting.
Read more
moved sideways on Tuesday as gains in the energy and natural
resources sectors were offset by weakness in financials and
discretionary stocks in another busy week of earnings reporting.
Read more
China's July power consumption rises 8.17 pct y/y
BEIJING, Aug 16 (Reuters) - China's power consumption
reached 552.3 billion kilowatt hours (kwh) in July, up 8.17
percent from the same period a year earlier, the country's
economic planner said on Tuesday.
Read more
reached 552.3 billion kilowatt hours (kwh) in July, up 8.17
percent from the same period a year earlier, the country's
economic planner said on Tuesday.
Read more
China's economic planner calls for accelerated capacity cuts to steel, coal
SHANGHAI, Aug 16 (Reuters) - China's economic planning
agency said the country should quicken the pace of capacity
reductions in steel and coal, adding that rising prices for the
commodities were weakening the resolve of local governments to
accelerate the cuts.
Read more
agency said the country should quicken the pace of capacity
reductions in steel and coal, adding that rising prices for the
commodities were weakening the resolve of local governments to
accelerate the cuts.
Read more
Oil prices dip as traders cash in on two-week price rally
SINGAPORE, Aug 16 (Reuters) - Oil prices edged away from
5-week highs on Tuesday, with traders cashing in on a 16-percent
rally since early August that has largely been fuelled by talk
of producers taking action to prop up the market.
Read more
5-week highs on Tuesday, with traders cashing in on a 16-percent
rally since early August that has largely been fuelled by talk
of producers taking action to prop up the market.
Read more
UPDATE 2-Praxair in talks to acquire Linde- source
Aug 15 (Reuters) - U.S. industrial gas supplier Praxair Inc
is in early-stage talks to acquire German peer Linde AG
and create the biggest company in their sector with a
market value of more than $60 billion, a person familiar with
the matter said.
Read more
is in early-stage talks to acquire German peer Linde AG
and create the biggest company in their sector with a
market value of more than $60 billion, a person familiar with
the matter said.
Read more
UPDATE 1-Libya's U.N.-backed government appoints panel to run $67 bln wealth fund
TRIPOLI, Aug 15 (Reuters) - Libya's U.N.-backed government
said on Monday it was appointing a five-member caretaker
committee to run the country's $67 billion sovereign wealth
fund.
Read more
said on Monday it was appointing a five-member caretaker
committee to run the country's $67 billion sovereign wealth
fund.
Read more
Icahn makes new bet on Allergan, cuts Hertz in Q2 - filing
BOSTON, Aug 15 (Reuters) - Carl Icahn, the octogenarian
investor whose stock investments still create a buzz on Wall
Street nearly 50 years after he first got into the business,
made a new bet on Allergan and slashed his holding in
Hertz Global Holdings, a new filing shows.
Read more
investor whose stock investments still create a buzz on Wall
Street nearly 50 years after he first got into the business,
made a new bet on Allergan and slashed his holding in
Hertz Global Holdings, a new filing shows.
Read more
UPDATE 2-Iraq parliament approves cabinet overhaul, bolstering PM Abadi
BAGHDAD, Aug 15 (Reuters) - Iraq's parliament approved the
appointment of Jabar Ali al-Luaibi, former head of the main
state oil firm, as oil minister in a cabinet overhaul on Monday
that bolsters Prime Minister Haider al-Abadi's leadership.
Read more
appointment of Jabar Ali al-Luaibi, former head of the main
state oil firm, as oil minister in a cabinet overhaul on Monday
that bolsters Prime Minister Haider al-Abadi's leadership.
Read more
UPDATE 1-Rosneft quarterly profit falls by a third
MOSCOW, Aug 15 (Reuters) - Rosneft, Russia's
largest oil producer, said on Monday its second-quarter net
profit fell almost 34 percent to 89 billion roubles ($1.38
billion) following a drop in global oil prices.
Read more
largest oil producer, said on Monday its second-quarter net
profit fell almost 34 percent to 89 billion roubles ($1.38
billion) following a drop in global oil prices.
Read more
COLUMN-Hedge funds add bullish positions in oil as short-covering rally starts: Kemp
LONDON, Aug 15 (Reuters) - Hedge funds increased their
bullish long positions in crude oil by the most for over two
months in the week ending on Aug.9.
Read more
bullish long positions in crude oil by the most for over two
months in the week ending on Aug.9.
Read more
Indonesia's Sampoerna Agro fined record sum for 2014 forest fires
JAKARTA, Aug 15 (Reuters) - Indonesian plantation company
Sampoerna Agro is considering how to respond to a
recent court ruling that handed down the country's largest ever
fine to a company linked to forest fires, a company official
said on Monday.
Read more
Sampoerna Agro is considering how to respond to a
recent court ruling that handed down the country's largest ever
fine to a company linked to forest fires, a company official
said on Monday.
Read more
Chesapeake arranges $1 bln loan to buy back senior notes
Aug 15 (Reuters) - Chesapeake Energy Corp, the
second-largest U.S. natural gas producer, said on Monday that it
had arranged a $1 billion 5-year term loan that it would use to
buy back senior notes due between 2017 and 2038.
Read more
second-largest U.S. natural gas producer, said on Monday that it
had arranged a $1 billion 5-year term loan that it would use to
buy back senior notes due between 2017 and 2038.
Read more
Thailand's PTT in with 6 automakers to develop electric car sector
BANGKOK, Aug 15 (Reuters) - Thailand's largest energy firm,
PTT Pcl, on Monday signed contracts with six major
automakers for cooperation in developing electric cars, opening
the first in a series of electric vehicle charging stations
associated with the project.
Read more
PTT Pcl, on Monday signed contracts with six major
automakers for cooperation in developing electric cars, opening
the first in a series of electric vehicle charging stations
associated with the project.
Read more
Sunday, August 14, 2016
RPT-Undermining China: towns sink after mines close
HELIN, China, Aug 14 (Reuters) - Deep in the coal
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
Singapore's KrisEnergy warns debt covenants may come under stress
SINGAPORE, Aug 15 (Reuters) - Singapore oil and gas
exploration firm KrisEnergy Ltd on Sunday said some
covenants on existing debt agreements could come under stress in
the near term as weaker oil markets hit revenue.
Read more
exploration firm KrisEnergy Ltd on Sunday said some
covenants on existing debt agreements could come under stress in
the near term as weaker oil markets hit revenue.
Read more
RPT-Undermining China: towns sink after mines close
HELIN, China, Aug 14 (Reuters) - Deep in the coal
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
UPDATE 1-Aurizon profit down, 2017 outlook weaker than market tipped
MELBOURNE, Aug 15 (Reuters) - Aurizon Holdings
reported a 16-percent drop in annual underlying profit on a
decrease in transported coal and freight and said on Monday it
expected operating earnings to grow in 2017 but by less than
analysts had been forecasting.
Read more
reported a 16-percent drop in annual underlying profit on a
decrease in transported coal and freight and said on Monday it
expected operating earnings to grow in 2017 but by less than
analysts had been forecasting.
Read more
Undermining China: towns sink after mines close
HELIN, China, Aug 14 (Reuters) - Deep in the coal
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
Read more
Clashes flare southwest of South Sudan's capital
JUBA, Aug 14 (Reuters) - Fighting erupted in South Sudan
late on Saturday southwest of the capital between forces loyal
to the president and the opposition, an opposition spokesman
said, after fierce fighting last month in Juba raised fears of a
slide back into civil war.
Read more
late on Saturday southwest of the capital between forces loyal
to the president and the opposition, an opposition spokesman
said, after fierce fighting last month in Juba raised fears of a
slide back into civil war.
Read more
Saturday, August 13, 2016
China to use tougher environmental standards to tackle capacity glut
SHANGHAI, Aug 13 (Reuters) - China will use the stricter
enforcement of environmental, safety and energy efficiency
standards as well as tougher credit controls to help fight
against overcapacity in key industrial sectors, the government
said.
Read more
enforcement of environmental, safety and energy efficiency
standards as well as tougher credit controls to help fight
against overcapacity in key industrial sectors, the government
said.
Read more
Friday, August 12, 2016
Croatia candidates battle over tax cuts ahead of September polls
ZAGREB, Aug 12 (Reuters) - The top two contenders in
Croatia's general election battled on Friday over who would be
best placed to cut taxes and boost growth, in a televised debate
that put the economy at the forefront of a ballot that might not
end a political deadlock.
Read more
Croatia's general election battled on Friday over who would be
best placed to cut taxes and boost growth, in a televised debate
that put the economy at the forefront of a ballot that might not
end a political deadlock.
Read more
Tepper's Appaloosa cuts back on some big energy bets in 2nd qtr
BOSTON, Aug 12 (Reuters) - Billionaire hedge fund manager
David Tepper cut back on some of his biggest bets in the energy
sector and sold off other names during the second quarter,
according to a regulatory filing on Friday.
Read more
David Tepper cut back on some of his biggest bets in the energy
sector and sold off other names during the second quarter,
according to a regulatory filing on Friday.
Read more
UPDATE 1-Sete Brasil to seek up to $5 bln funding in reorganization plan
SAO PAULO, Aug 12 (Reuters) - Sete Brasil Participações SA
presented a draft reorganization plan on Friday that includes
seeking up to $5 billion in funding and downsizing business,
three months after the Brazilian rig leaser sought court
protection against 18 billion reais ($5.7 billion) in looming
debt payments.
Read more
presented a draft reorganization plan on Friday that includes
seeking up to $5 billion in funding and downsizing business,
three months after the Brazilian rig leaser sought court
protection against 18 billion reais ($5.7 billion) in looming
debt payments.
Read more
SunEdison delays filing second-quarter results
Aug 12 (Reuters) - Bankrupt solar company SunEdison Inc
on Friday joined its "yieldcos" in delaying earnings
report for the second-quarter ended June 30.
Read more
on Friday joined its "yieldcos" in delaying earnings
report for the second-quarter ended June 30.
Read more
UPDATE 2-UN approves 4,000 more troops to secure peace in South Sudan capital
UNITED NATIONS, Aug 12 (Reuters) - The United Nations
Security Council on Friday authorized the deployment of a
4,000-strong protection force in South Sudan's capital, Juba, as
part of the U.N. peacekeeping mission and threatened an arms
embargo if the government does not cooperate.
Read more
Security Council on Friday authorized the deployment of a
4,000-strong protection force in South Sudan's capital, Juba, as
part of the U.N. peacekeeping mission and threatened an arms
embargo if the government does not cooperate.
Read more
UN approves 4,000 more troops to secure peace in South Sudan capital
UNITED NATIONS, Aug 12 (Reuters) - The United Nations
Security Council authorized on Friday the deployment of a
4,000-strong protection force in South Sudan's capital, Juba, as
part of the U.N. peacekeeping mission and threatened an arms
embargo if the government does not cooperate.
Read more
Security Council authorized on Friday the deployment of a
4,000-strong protection force in South Sudan's capital, Juba, as
part of the U.N. peacekeeping mission and threatened an arms
embargo if the government does not cooperate.
Read more
UPDATE 1-North Dakota oil output seen falling below 1 mln barrel/day mark
Aug 12 (Reuters) - North Dakota's daily oil production will
soon drop below 1 million barrels if it has not already done so,
a level not seen since the summer of 2014, and a recovery would
take at least a year, state regulators said on Friday.
Read more
soon drop below 1 million barrels if it has not already done so,
a level not seen since the summer of 2014, and a recovery would
take at least a year, state regulators said on Friday.
Read more
U.S. oil drillers add rigs for 7th week in a row -Baker Hughes
Aug 12 (Reuters) - U.S. drillers this week added oil rigs
for a seventh consecutive week, according to a closely followed
report on Friday, even as analysts revise down rig count growth
forecasts and energy firms become more cautious the longer crude
holds below $50 a barrel.
Read more
for a seventh consecutive week, according to a closely followed
report on Friday, even as analysts revise down rig count growth
forecasts and energy firms become more cautious the longer crude
holds below $50 a barrel.
Read more
In 3rd bid to lead Mexico, fiery leftist puts oil reform in crosshairs
MEXICO CITY, Aug 12 (Reuters) - A firebrand leftist who
twice narrowly missed becoming Mexico's president is riding high
with a fresh bid for election in 2018, vowing to upend a
landmark energy sector opening championed by President Enrique
Pena Nieto.
Read more
twice narrowly missed becoming Mexico's president is riding high
with a fresh bid for election in 2018, vowing to upend a
landmark energy sector opening championed by President Enrique
Pena Nieto.
Read more
Azerbaijan's oil output edges up 0.7 pct in Jan-July
BAKU, Aug 12 (Reuters) - Azerbaijan produced 24.7 million
tonnes of oil in January-July, 0.7 percent more than in the same
period last year, the State Statistics Committee said on Friday.
Read more
tonnes of oil in January-July, 0.7 percent more than in the same
period last year, the State Statistics Committee said on Friday.
Read more
How the Marshall Islands became a top U.S. crude export destination
SINGAPORE, Aug 12 (Reuters) - Best known for diving, lagoons
and the island that gave the world the name for the bikini
swimsuit, the Marshall Islands is now gaining attention as a
top-five destination for U.S. crude exports despite the lack of
a refinery to process the oil.
Read more
and the island that gave the world the name for the bikini
swimsuit, the Marshall Islands is now gaining attention as a
top-five destination for U.S. crude exports despite the lack of
a refinery to process the oil.
Read more
Thursday, August 11, 2016
UPDATE 3-China power plant blast kills at least 21 on eve of Tianjin anniversary
* Tianjin marks one-year anniversary of warehouse blasts on
Aug 12
(Adds details of Tianjin one-year anniversary, comments from
work safety administration)
Read more
Aug 12
(Adds details of Tianjin one-year anniversary, comments from
work safety administration)
Read more
UPDATE 1-Philippines seeks formal talks with China amid South China Sea tensions-Ramos
HONG KONG, Aug 12 (Reuters) - The Philippines special envoy
to China, Fidel Ramos, said on Friday that Manila wants formal
discussions with China to explore pathways to peace and
cooperation after a meeting with former Chinese deputy foreign
minister Fu Ying.
Read more
to China, Fidel Ramos, said on Friday that Manila wants formal
discussions with China to explore pathways to peace and
cooperation after a meeting with former Chinese deputy foreign
minister Fu Ying.
Read more
China July power output up 7.2 pct at 550.6 bln kWh
Aug 12 (Reuters) - China generated 550.6 billion
kilowatt-hours (kWh) of power in July, up 7.2 percent from a
year ago, government data showed on Friday.
Read more
kilowatt-hours (kWh) of power in July, up 7.2 percent from a
year ago, government data showed on Friday.
Read more
Philippines seeks formal talks with China amid South China Sea tensions-Ramos
HONG KONG, Aug 12 (Reuters) - The Philippines special envoy
to China, Fidel Ramos, said on Friday Manila wants formal
discussions with China to explore pathways to peace and
cooperation after a meeting with former Chinese deputy foreign
minister Fu Ying.
Read more
to China, Fidel Ramos, said on Friday Manila wants formal
discussions with China to explore pathways to peace and
cooperation after a meeting with former Chinese deputy foreign
minister Fu Ying.
Read more
New fund aims to fuel growth in market for clean cookstoves
BARCELONA, Aug 12 (Thomson Reuters Foundation) - A new $4
million fund aims to speed up the development of supply chains
for less polluting cookstoves in poor communities, by lending to
businesses that would otherwise struggle to finance their
growth, the Global Alliance for Clean Cookstoves said.
Read more
million fund aims to speed up the development of supply chains
for less polluting cookstoves in poor communities, by lending to
businesses that would otherwise struggle to finance their
growth, the Global Alliance for Clean Cookstoves said.
Read more
UPDATE 1-Petrobras posts Q2 profit of $118 mln, misses outlook
RIO DE JANEIRO, Aug 11 (Reuters) - State-controlled oil
company Petrobras reported second-quarter profit that
fell by nearly a third from a year earlier, broadly missing
analysts' expectations as it took large charges for layoffs and
the impairment of a controversial refinery.
Read more
company Petrobras reported second-quarter profit that
fell by nearly a third from a year earlier, broadly missing
analysts' expectations as it took large charges for layoffs and
the impairment of a controversial refinery.
Read more
Petrobras reports second-quarter net profit of 370 mln reais
RIO DE JANEIRO, Aug 11 (Reuters) - Brazil's state-controlled
oil company Petroleo Brasileiro SA recorded a
370-million-real ($118-million) net profit in the second
quarter, the Rio de Janeiro-based company said in a statement.
Read more
oil company Petroleo Brasileiro SA recorded a
370-million-real ($118-million) net profit in the second
quarter, the Rio de Janeiro-based company said in a statement.
Read more
Refiner CVR Energy preparing offer to buy Delek Holdings-NY Post
Aug 11 (Reuters) - U.S. oil refiner CVR Energy Inc,
backed by activist investor Carl Icahn, is preparing to make an
offer to buy smaller peer Delek US Holdings Inc, the New
York Post reported, citing a source close to the situation.
Read more
backed by activist investor Carl Icahn, is preparing to make an
offer to buy smaller peer Delek US Holdings Inc, the New
York Post reported, citing a source close to the situation.
Read more
Canada's Gibson Energy says it turned down takeover offer
Aug 11 (Reuters) - Oil transportation company Gibson Energy
Inc said on Thursday it had rejected a takeover offer
from a foreign buyer, calling it inadequate.
Read more
Inc said on Thursday it had rejected a takeover offer
from a foreign buyer, calling it inadequate.
Read more
Iraq corruption row won't derail Mosul offensive, says US envoy
BAGHDAD, Aug 11 (Reuters) - Iraq's offensive to dislodge
Islamic State from its de facto capital Mosul is on track
despite a spat between two senior politicians over alleged
corruption in the military, the U.S. envoy to the coalition
fighting the militant group said.
Read more
Islamic State from its de facto capital Mosul is on track
despite a spat between two senior politicians over alleged
corruption in the military, the U.S. envoy to the coalition
fighting the militant group said.
Read more
UPDATE 2-Volkswagen plaintiffs' lawyers to seek up to $332.5 mln in fees, costs
NEW YORK, Aug 11 (Reuters) - Plaintiffs' lawyers will seek
up to $332.5 million in fees and costs for their work in a $10
billion settlement over claims Volkswagen AG outfitted vehicles
with software to cheat on emissions testing, according to a
court filing.
Read more
up to $332.5 million in fees and costs for their work in a $10
billion settlement over claims Volkswagen AG outfitted vehicles
with software to cheat on emissions testing, according to a
court filing.
Read more
UPDATE 5-Oil rises 3 pct as Saudi mulls meeting, IEA sees market tighten
* Saudi production rises to record 10.67 million bpd in July
(Adds Saudi oil minister comments, Genscape numbers, updates
prices)
Read more
(Adds Saudi oil minister comments, Genscape numbers, updates
prices)
Read more
British PM seeks progress on Falklands in letter to Argentine leader
LONDON, Aug 11 (Reuters) - British Prime Minister Theresa
May has written to Argentina's President Mauricio Macri calling
for restrictions on oil exploration in the Falklands Islands to
be lifted and for more flights to the British-run islands, her
office said on Thursday.
Read more
May has written to Argentina's President Mauricio Macri calling
for restrictions on oil exploration in the Falklands Islands to
be lifted and for more flights to the British-run islands, her
office said on Thursday.
Read more
UPDATE 1-Militants blow up Nigeria pipeline, Chevron protest goes on
ONITSHA, Nigeria, Aug 11 (Reuters) - Militants blew up
another crude pipeline in Nigeria's Niger Delta, a youth and
protest leader said on Thursday.
Read more
another crude pipeline in Nigeria's Niger Delta, a youth and
protest leader said on Thursday.
Read more
UPDATE 2-Steinhoff raises Poundland offer after hedge fund stake-building
* U.S. hedge fund Elliott has 17.5 pct stake in Poundland
(Adds detail, analyst comment, shares)
Read more
(Adds detail, analyst comment, shares)
Read more
UPDATE 2-IEA sees oil markets slowly tightening after months of oversupply
* Call on OPEC crude in 2017 close to current output
(Adds global refining activity picking up)
Read more
(Adds global refining activity picking up)
Read more
Wednesday, August 10, 2016
COLUMN-New iron ore tax on Rio, BHP unlikely, but issue is back: Russell
LAUNCESTON, Australia, Aug 11 (Reuters) - Here we go again!
Another political attempt rooted more in populism than economics
to grab more tax revenue from Australia's top iron ore miners,
Rio Tinto and BHP Billiton.
Read more
Another political attempt rooted more in populism than economics
to grab more tax revenue from Australia's top iron ore miners,
Rio Tinto and BHP Billiton.
Read more
Oil prices fall on U.S. crude inventory build, record Saudi output
SINGAPORE, Aug 11 (Reuters) - Oil prices fell early on
Thursday as a build in U.S. crude inventories and record Saudi
Arabian production weighed on markets.
Read more
Thursday as a build in U.S. crude inventories and record Saudi
Arabian production weighed on markets.
Read more
Peru detects fresh oil spill from decades-old Amazon pipeline
LIMA, Aug 10 (Reuters) - A fresh oil spill in the Peruvian
Amazon was detected from the country's four-decades-old pipeline
on Thursday, operator Petroperu said, bringing the
number of leaks this year to four.
Read more
Amazon was detected from the country's four-decades-old pipeline
on Thursday, operator Petroperu said, bringing the
number of leaks this year to four.
Read more
UPDATE 1-Chesapeake to sell Barnett land, renegotiate Williams contract
Aug 10 (Reuters) - Chesapeake Energy Corp said on
Wednesday that it would sell its Barnett shale acreage in Texas
to private equity-backed Saddle Barnett Resources LLC and had
renegotiated an expensive pipeline contract with Williams
Partners LP, steps that should save more than $1.9
billion in future liabilities.
Read more
Wednesday that it would sell its Barnett shale acreage in Texas
to private equity-backed Saddle Barnett Resources LLC and had
renegotiated an expensive pipeline contract with Williams
Partners LP, steps that should save more than $1.9
billion in future liabilities.
Read more
Brazil's Cosan misses profit estimates as revenue declines
SAO PAULO, Aug 10 (Reuters) - Cosan SA Industria & Comercio
, one of Brazil's largest energy and logistics group,
missed second-quarter profit estimates on Wednesday after
revenue declined and expenses and taxes rose sharply.
Read more
, one of Brazil's largest energy and logistics group,
missed second-quarter profit estimates on Wednesday after
revenue declined and expenses and taxes rose sharply.
Read more
Chesapeake to sell interests in Barnett shale operating area
Aug 10 (Reuters) - Chesapeake Energy Corp said on
Wednesday it agreed to sell its interests in the Barnett shale
operating area to private equity-backed Saddle Barnett Resources
LLC.
Read more
Wednesday it agreed to sell its interests in the Barnett shale
operating area to private equity-backed Saddle Barnett Resources
LLC.
Read more
SunEdison's "yieldcos" delay filing quarterly reports
Aug 10 (Reuters) - TerraForm Power Inc and
TerraForm Global Inc, the "yieldcos" of bankrupt solar
company SunEdison Inc, said they would delay filing
their second-quarter earnings reports.
Read more
TerraForm Global Inc, the "yieldcos" of bankrupt solar
company SunEdison Inc, said they would delay filing
their second-quarter earnings reports.
Read more
Venezuela crude production down 0.25 pct in June from prior month
CARACAS, Aug 10 (Reuters) - Venezuelan crude production was
down 0.25 percent in June, compared to the previous month, at
2.364 million barrels per day, according to Venezuelan data
published by the Organization of the Petroleum Exporting
Countries.
Read more
down 0.25 percent in June, compared to the previous month, at
2.364 million barrels per day, according to Venezuelan data
published by the Organization of the Petroleum Exporting
Countries.
Read more
UPDATE 1-Weak oil pushes SBM Offshore to axe more jobs
Aug 10 (Reuters) - SBM Offshore's first-half
results lagged analysts' expectations on Wednesday as
challenging conditions persisted in the oil industry and the
Dutch oil services company announced an additional 250 job cuts.
Read more
results lagged analysts' expectations on Wednesday as
challenging conditions persisted in the oil industry and the
Dutch oil services company announced an additional 250 job cuts.
Read more
CORRECTED-REUTERS SUMMIT-Argentina foreign investment quest a work in progress
BUENOS AIRES, Aug 10 (Reuters) - Argentina is making strides
in opening up its economy to foreign investment after years of
hostility to free enterprise but still has a way to go to catch
up to some of its market friendlier neighbors, investors say.
Read more
in opening up its economy to foreign investment after years of
hostility to free enterprise but still has a way to go to catch
up to some of its market friendlier neighbors, investors say.
Read more
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