COLOMBO, Dec 1 (Reuters) - Sri Lankan fuel retailer Lanka
IOC put up prices for its premium brands on Thursday, three
months after the government increased the duty on oil products,
and said it will have to raise other petrol prices if the
government fails to hike official prices.
Read more
Wednesday, November 30, 2016
UPDATE 3-Oil prices surge, smash trading volume records as OPEC and Russia agree output cut
* Oil prices can't stay sustainably above $55/bbl -Goldman
(Adds comment, trading detail, updates prices)
Read more
(Adds comment, trading detail, updates prices)
Read more
Australia, NZ shares buoyed by OPEC deal on output cut
Dec 1 (Reuters) - Australian shares rallied on Thursday,
powered by financials, miners and energy stocks, after oil
cartel OPEC agreed to cut crude output to clear a glut.
Read more
powered by financials, miners and energy stocks, after oil
cartel OPEC agreed to cut crude output to clear a glut.
Read more
China says total overseas development aid tops $58 bln
BEIJING, Dec 1 (Reuters) - China has given around 400
billion yuan ($58.01 billion) in development aid to 166
countries and international organisations over the past six
decades, the government said on Thursday, less than the European
Union and its members gave for just last year.
Read more
billion yuan ($58.01 billion) in development aid to 166
countries and international organisations over the past six
decades, the government said on Thursday, less than the European
Union and its members gave for just last year.
Read more
Japan's Suga says monitoring effect of oil gains on markets, Japan's economy
TOKYO, Dec 1 (Reuters) - Japan's top government spokesman
said on Thursday the government will closely monitor the effects
of oil price gains on the economy, including on the broader
financial and capital markets.
Read more
said on Thursday the government will closely monitor the effects
of oil price gains on the economy, including on the broader
financial and capital markets.
Read more
Brazil prosecutors blast lawmakers for gutting corruption bill
BRASILIA, Nov 30 (Reuters) - Prosecutors investigating
Brazil's biggest-ever graft scandal threatened to resign en
masse on Wednesday if a move to gut an anti-corruption bill won
approval from legislators as the nation mourns an air disaster.
Read more
Brazil's biggest-ever graft scandal threatened to resign en
masse on Wednesday if a move to gut an anti-corruption bill won
approval from legislators as the nation mourns an air disaster.
Read more
Canada's ruling Liberals count on math, time to survive pipeline uproar
OTTAWA, Nov 30 (Reuters) - Despite open signs of nervousness
among legislators, Canada's ruling Liberals bet they can survive
the political damage caused by allowing a pipeline to be built
from the Alberta oil sands to the Pacific coast.
Read more
among legislators, Canada's ruling Liberals bet they can survive
the political damage caused by allowing a pipeline to be built
from the Alberta oil sands to the Pacific coast.
Read more
UPDATE 3-U.S. veterans to form human shield at Dakota pipeline protest
CANNON BALL, N.D., Nov 30 (Reuters) - More than 2,000 U.S.
military veterans plan to form a human shield to protect
protesters of a pipeline project near a Native American
reservation in North Dakota, organizers said, just ahead of a
federal deadline for activists to leave the camp they have been
occupying.
Read more
military veterans plan to form a human shield to protect
protesters of a pipeline project near a Native American
reservation in North Dakota, organizers said, just ahead of a
federal deadline for activists to leave the camp they have been
occupying.
Read more
Azerbaijan criminalises defamation of the president online
BAKU, Nov 30 (Reuters) - Azerbaijan's parliament on
Wednesday made online defamation of the president a criminal
offence punishable by imprisonment.
Read more
Wednesday made online defamation of the president a criminal
offence punishable by imprisonment.
Read more
New pipelines no silver bullet for battered Canada oil industry
CALGARY, Alberta, Nov 30 (Reuters) - Canada's oil sands
producers are getting a long-awaited boost in export capacity,
but the two pipeline projects approved this week will not be a
silver bullet for the industry's woes unless crude prices pick
up or companies improve their operating efficiency.
Read more
producers are getting a long-awaited boost in export capacity,
but the two pipeline projects approved this week will not be a
silver bullet for the industry's woes unless crude prices pick
up or companies improve their operating efficiency.
Read more
U.S. September oil demand rises 2.3 pct yr/yr - EIA
NEW YORK, Nov 30 (Reuters) - U.S. total oil demand rose in
September for the second consecutive month on a year-over-year
basis as strong gasoline consumption offset weak distillate
sales, the U.S. Energy Information Administration said on
Wednesday.
Read more
September for the second consecutive month on a year-over-year
basis as strong gasoline consumption offset weak distillate
sales, the U.S. Energy Information Administration said on
Wednesday.
Read more
UPDATE 1-Kinder Morgan pipeline close to meeting British Columbia conditions -premier
VANCOUVER, Nov 30 (Reuters) - The Canadian government is
close to meeting conditions British Columbia has laid out for
provincial support of Kinder Morgan Inc's proposal to
expand its Trans Mountain pipeline, the province's premier
Christy Clark said on Wednesday.
Read more
close to meeting conditions British Columbia has laid out for
provincial support of Kinder Morgan Inc's proposal to
expand its Trans Mountain pipeline, the province's premier
Christy Clark said on Wednesday.
Read more
UPDATE 1-U.N. Security Council imposes new sanctions on North Korea
UNITED NATIONS, Nov 30 (Reuters) - The United Nations
Security Council imposed new sanctions on North Korea on
Wednesday that aim to cut the Asian country's annual export
revenue by more than a quarter in response to Pyongyang's fifth
and largest nuclear test in September.
Read more
Security Council imposed new sanctions on North Korea on
Wednesday that aim to cut the Asian country's annual export
revenue by more than a quarter in response to Pyongyang's fifth
and largest nuclear test in September.
Read more
UPDATE 1-EU unveils power market reform to boost renewables
* Aims for greater EU grid cooperation, price convergence
(Updates with formal presentation of draft law, reaction)
Read more
(Updates with formal presentation of draft law, reaction)
Read more
UPDATE 1-Innogy CEO promises no M&A "surprises" for shareholders
* Trump's election doesn't change renewable business
(Adds additional comments on liquidity, U.S.)
Read more
(Adds additional comments on liquidity, U.S.)
Read more
Indonesia's Tangguh LNG looks to sell 2017-2019 cargoes -sources
SINGAPORE, Nov 30 (Reuters) - Indonesia's Tangguh LNG
project has invited market participants to bid for 2017-2019
cargoes.
Read more
project has invited market participants to bid for 2017-2019
cargoes.
Read more
Dutch government proposes 33 pct increase in renewables spending for 2017
AMSTERDAM, Nov 30 (Reuters) - The Dutch government on
Wednesday proposed a 33 percent increase in its budget for
renewable energy projects in 2017, as it attempts to catch up
after lagging on its 2020 emission reduction targets.
Read more
Wednesday proposed a 33 percent increase in its budget for
renewable energy projects in 2017, as it attempts to catch up
after lagging on its 2020 emission reduction targets.
Read more
RPT-Leaner and meaner: U.S. shale greater threat to OPEC after oil price war
NEW YORK/HOUSTON, Nov 30 (Reuters) - In a corner of the
prolific Bakken shale play in North Dakota, oil companies can
now pump crude at a price almost as low as that enjoyed by OPEC
giants Iran and Iraq.
Read more
prolific Bakken shale play in North Dakota, oil companies can
now pump crude at a price almost as low as that enjoyed by OPEC
giants Iran and Iraq.
Read more
Georgia's economic growth slows to 1.3 pct year-on-year in October
TBILISI, Nov 30 (Reuters) - Georgia's economic growth slowed
to 1.3 percent year-on-year in October from 3 percent in the
same month a year ago, the National Statistics Service said on
Wednesday, highlighting the impact of falling exports and a
rising current account deficit.
Read more
to 1.3 percent year-on-year in October from 3 percent in the
same month a year ago, the National Statistics Service said on
Wednesday, highlighting the impact of falling exports and a
rising current account deficit.
Read more
Tuesday, November 29, 2016
Australian Senate gives PM milestone victory, then defeat
SYDNEY, Nov 30 (Reuters) - Australian Prime Minister Malcolm
Turnbull secured the passage of some cornerstone legislation on
Wednesday but quickly suffered an embarrassing defeat of a
government plan for a lower "backpacker tax" on work done by
young, foreign visitors.
Read more
Turnbull secured the passage of some cornerstone legislation on
Wednesday but quickly suffered an embarrassing defeat of a
government plan for a lower "backpacker tax" on work done by
young, foreign visitors.
Read more
Russia and Belarus close to solving gas price dispute - minister
MINSK, Nov 30 (Reuters) - Russia and Belarus are close to
solving a dispute over gas prices, Belarussian Energy Minister
Vladimir Potupchik told reporters on Wednesday.
Read more
solving a dispute over gas prices, Belarussian Energy Minister
Vladimir Potupchik told reporters on Wednesday.
Read more
UPDATE 3-Australia takes aim at oil and gas industry in tax review
MELBOURNE, Nov 30 (Reuters) - Australia is targeting the oil
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.
Read more
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.
Read more
UPDATE 1-Japan's JX plans to boost Dec crude refining by 6 pct y/y
* Kerosene sales seen firm in Dec as cold continues
* JX sees domestic kerosene sales seen up 25 pct yr/yr
(Adds detail, tables)
TOKYO, Nov 30 (Reuters) - Japan's JX Nippon Oil & Energy
Corp said on Wednesday that it would boost the amount
of crude it refines for local consumption by 6 percent in
December from the year before.
The country's top refiner said it would refine 1.14 million
barrels per day (5.63 million kilolitres) of crude for domestic
consumption, up on last December
Read more
* JX sees domestic kerosene sales seen up 25 pct yr/yr
(Adds detail, tables)
TOKYO, Nov 30 (Reuters) - Japan's JX Nippon Oil & Energy
Corp said on Wednesday that it would boost the amount
of crude it refines for local consumption by 6 percent in
December from the year before.
The country's top refiner said it would refine 1.14 million
barrels per day (5.63 million kilolitres) of crude for domestic
consumption, up on last December
Read more
UPDATE 2-Australia takes aim at oil and gas industry in tax review
MELBOURNE, Nov 30 (Reuters) - Australia is targeting the oil
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.
Read more
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.
Read more
UPDATE 1-Oil markets remain jittery ahead of OPEC meeting later in day
* Prices to fall towards $40 if deal falls through -
analysts
(Adds Brent prices, comment, detail)
Read more
analysts
(Adds Brent prices, comment, detail)
Read more
Oil markets jittery ahead of OPEC meeting later in day
SINGAPORE, Nov 30 (Reuters) - Oil markets were jittery on
Wednesday ahead of an OPEC meeting later in the day, with
members of the producer cartel trying to thrash out an output
cut to curb oversupply that has seen prices more than halve
since 2014.
Read more
Wednesday ahead of an OPEC meeting later in the day, with
members of the producer cartel trying to thrash out an output
cut to curb oversupply that has seen prices more than halve
since 2014.
Read more
Oil traders rush into bullish option bets ahead of OPEC
NEW YORK, Nov 29 (Reuters) - Oil traders piled into bullish
option contracts in U.S. crude on Tuesday, even as doubt
surfaced over whether the world's top producers would be
successful in hammering out a deal to curb production.
Read more
option contracts in U.S. crude on Tuesday, even as doubt
surfaced over whether the world's top producers would be
successful in hammering out a deal to curb production.
Read more
UPDATE 4-No physical blockade of pipeline protest camp -N. Dakota officials
CANNON BALL, N.D., Nov 29 (Reuters) - North Dakota officials
on Tuesday backed away from plans to physically block supplies
from reaching oil pipeline protesters at a camp near the
construction site, saying they will instead use financial
deterrents to prevent food and building materials from coming
in.
Read more
on Tuesday backed away from plans to physically block supplies
from reaching oil pipeline protesters at a camp near the
construction site, saying they will instead use financial
deterrents to prevent food and building materials from coming
in.
Read more
CANADA STOCKS-Energy drags TSX lower ahead of OPEC, pipeline decisions
TORONTO, Nov 29 (Reuters) - Canada's main stock index fell
to a new one-week low on Tuesday as energy stocks slumped due to
major oil exporters' struggle to agree on terms of a planned
production cut, while Bank of Nova Scotia gained after
a solid earnings report.
Read more
to a new one-week low on Tuesday as energy stocks slumped due to
major oil exporters' struggle to agree on terms of a planned
production cut, while Bank of Nova Scotia gained after
a solid earnings report.
Read more
UPDATE 1-Canada PM to unveil pipeline decisions, Kinder Morgan may get OK
OTTAWA, Nov 29 (Reuters) - Canada will announce decisions on
new pipelines on Tuesday that could clear Kinder Morgan Inc's
hotly contested plan to double the capacity of its Trans
Mountain project but reject Enbridge Inc's Northern
Gateway.
Read more
new pipelines on Tuesday that could clear Kinder Morgan Inc's
hotly contested plan to double the capacity of its Trans
Mountain project but reject Enbridge Inc's Northern
Gateway.
Read more
Georgia to sell 25 pct stake in state energy firm
TBILISI, Nov 29 (Reuters) - Georgia plans to sell a 25
percent stake in the state Oil and Gas Corporation (GOGC) on an
international stock exchange in 2017, the finance minister of
the former Soviet republic said on Tuesday.
Read more
percent stake in the state Oil and Gas Corporation (GOGC) on an
international stock exchange in 2017, the finance minister of
the former Soviet republic said on Tuesday.
Read more
Canada PM set to unveil major pipeline decisions on Tuesday
OTTAWA, Nov 29 (Reuters) - Canadian Prime Minister Justin
Trudeau is set to reveal his government's verdict on at least
two major pipeline projects when he makes an announcement at
4:30 p.m. EST (2130 GMT) on Tuesday.
Read more
Trudeau is set to reveal his government's verdict on at least
two major pipeline projects when he makes an announcement at
4:30 p.m. EST (2130 GMT) on Tuesday.
Read more
Saudi king showcases mining hub in push to move beyond oil
RAS AL-KHAIR, Saudi Arabia, Nov 29 (Reuters) - Saudi
Arabia's King Salman underlined the kingdom's intention to
invest heavily in speeding up is diversification away from oil
exports with the inauguration on Tuesday of a $35 billion mining
and minerals processing complex.
Read more
Arabia's King Salman underlined the kingdom's intention to
invest heavily in speeding up is diversification away from oil
exports with the inauguration on Tuesday of a $35 billion mining
and minerals processing complex.
Read more
U.S. probes hit defunct energy co linked to Platinum Partners
NEW YORK, Nov 29 (Reuters) - At least four U.S. agencies are
investigating former officials of a now-bankrupt oil and gas
company once majority owned by troubled hedge fund manager
Platinum Partners, according to a legal filing submitted last
week.
Read more
investigating former officials of a now-bankrupt oil and gas
company once majority owned by troubled hedge fund manager
Platinum Partners, according to a legal filing submitted last
week.
Read more
Production vessel en route to North Sea Kraken field - EnQuest
LONDON, Nov 29 (Reuters) - The vessel needed to start
production at EnQuest's Kraken oil field in the North
Sea sailed away from Singapore on Nov. 23, the company said,
indicating the oil field's start-up schedule remains on track.
Read more
production at EnQuest's Kraken oil field in the North
Sea sailed away from Singapore on Nov. 23, the company said,
indicating the oil field's start-up schedule remains on track.
Read more
COLUMN-Saudi Arabia carries on drilling despite oil slump: Kemp
LONDON, Nov 29 (Reuters) - Saudi Arabia is one of the very
few countries which has increased its drilling for new oil and
gas wells since prices began to slump in the middle of 2014.
Read more
few countries which has increased its drilling for new oil and
gas wells since prices began to slump in the middle of 2014.
Read more
Clean energy gains ground - but old dirty habits die hard
LONDON, Nov 29 (Thomson Reuters Foundation) - Solar power
is becoming so cheap so fast that in Abu Dhabi it's now less
costly to produce a unit of energy from the sun than from oil,
leading energy experts said this week.
Read more
is becoming so cheap so fast that in Abu Dhabi it's now less
costly to produce a unit of energy from the sun than from oil,
leading energy experts said this week.
Read more
France says lifting sanctions on Russia would be counterproductive
MINSK, Nov 29 (Reuters) - French Foreign Minister Jean-Marc
Ayrault said on Tuesday that lifting European Union sanctions on
Russia would weaken efforts to resolve the Ukraine crisis and
hand a victory to Moscow.
Read more
Ayrault said on Tuesday that lifting European Union sanctions on
Russia would weaken efforts to resolve the Ukraine crisis and
hand a victory to Moscow.
Read more
UPDATE 1-Mechel reports third-quarter loss, misses out on coal price surge
MOSCOW, Nov 29 (Reuters) - Metals and mining group Mechel
on Tuesday reported a third-quarter net loss of 2.8
billion roubles ($43 million) as a surge in the price of its
main product coking coal came too late to bolster its earnings.
Read more
on Tuesday reported a third-quarter net loss of 2.8
billion roubles ($43 million) as a surge in the price of its
main product coking coal came too late to bolster its earnings.
Read more
RPT-COLUMN-Saudi Arabia's oil problems run far deeper than OPEC: Russell
LAUNCESTON, Australia, Nov 29 (Reuters) - Saudi Arabia's
problems run far deeper than trying to cobble together a deal
with fellow OPEC members to curb crude oil output in order to
bolster prices.
Read more
problems run far deeper than trying to cobble together a deal
with fellow OPEC members to curb crude oil output in order to
bolster prices.
Read more
Afghan Taliban offer security for copper, gas projects
KABUL, Nov 29 (Reuters) - The Afghan Taliban on Tuesday
offered to protect major government projects, such as the mining
of a big copper deposit and an international natural gas
pipeline project, to allow them to get off the ground after
years of delay.
Read more
offered to protect major government projects, such as the mining
of a big copper deposit and an international natural gas
pipeline project, to allow them to get off the ground after
years of delay.
Read more
UPDATE 1-France calls for UN Security Council meeting on Aleppo
PARIS, Nov 29 (Reuters) - French foreign affairs minister
Jean-Marc Ayrault called on Tuesday for an immediate United
Nations Security Council meeting to discuss the situation in the
Syrian city of Aleppo, which has been devastated by fighting.
Read more
Jean-Marc Ayrault called on Tuesday for an immediate United
Nations Security Council meeting to discuss the situation in the
Syrian city of Aleppo, which has been devastated by fighting.
Read more
Monday, November 28, 2016
As OPEC price hike looms, Asia's big oil buyers may shop elsewhere
SINGAPORE/TOKYO, Nov 29 (Reuters) - For the first time since
2008, OPEC is set to strike a deal to cut oil output that may
boost prices. It may also give itself a bloody nose in Asia,
where big buyers are ramping up supplies from elsewhere and say
they don't want to pay more for fuel.
Read more
2008, OPEC is set to strike a deal to cut oil output that may
boost prices. It may also give itself a bloody nose in Asia,
where big buyers are ramping up supplies from elsewhere and say
they don't want to pay more for fuel.
Read more
UPDATE 1-Kazakhstan Energy Minister undecided on attending OPEC meeting
ASTANA, Nov 29 (Reuters) - Kazakhstan's Energy Minister,
Kanat Bozumbayev, has not yet decided whether to attend the
meeting of OPEC members and other oil producers in Vienna, he
told Reuters on Tuesday.
Read more
Kanat Bozumbayev, has not yet decided whether to attend the
meeting of OPEC members and other oil producers in Vienna, he
told Reuters on Tuesday.
Read more
REFILE-China "green" sector seen growing to 3 pct of GDP by 2020 - official
SHANGHAI, Nov 29 (Reuters) - China expects the output value
of its energy saving and environmental protection industry to
rise from 4.5 trillion yuan ($653 billion) last year to more
than 10 trillion by 2020, lifting its share of gross domestic
product from 2.1 percent to 3 percent.
Read more
of its energy saving and environmental protection industry to
rise from 4.5 trillion yuan ($653 billion) last year to more
than 10 trillion by 2020, lifting its share of gross domestic
product from 2.1 percent to 3 percent.
Read more
UPDATE 2-North Dakota governor orders pipeline protesters expelled
CANNON BALL, N.D., Nov 28 (Reuters) - North Dakota's
governor on Monday ordered the expulsion of protesters camped on
federal property near the site of the oil pipeline project they
oppose, saying the "emergency evacuation" was necessary to
protect them from harsh winter conditions.
Read more
governor on Monday ordered the expulsion of protesters camped on
federal property near the site of the oil pipeline project they
oppose, saying the "emergency evacuation" was necessary to
protect them from harsh winter conditions.
Read more
CORRECTED-UPDATE 2-UN Security Council to vote Wednesday on N.Korea sanctions -diplomats
(Deletes incorrect reference to statues in 12th paragraph)
By Michelle Nichols
UNITED NATIONS, Nov 28 (Reuters) - The United Nations
Security Council is set to vote on Wednesday to impose new
sanctions on North Korea for its fifth and largest nuclear test,
slashing Pyongyang's export earnings by some $800 million,
diplomats said on Monday.
Diplomats said the council's five veto-wielding powers - the
United States, China, Britain, Russia and France - had agreed to
new measures, see
Read more
COLUMN-Saudi Arabia's oil problems run far deeper than OPEC: Russell
LAUNCESTON, Australia, Nov 29 (Reuters) - Saudi Arabia's
problems run far deeper than trying to cobble together a deal
with fellow OPEC members to curb crude oil output in order to
bolster prices.
Read more
problems run far deeper than trying to cobble together a deal
with fellow OPEC members to curb crude oil output in order to
bolster prices.
Read more
UPDATE 1-Eni aiming to cut stake in Egypt's Zohr offshore gas find to 50 pct
MILAN, Nov 28 (Reuters) - Italian oil and gas company Eni
is in talks with various parties to cut its stake in
the giant Zohr gas field offshore Egypt to 50 percent, Chief
Executive Claudio Descalzi said on Monday.
Read more
is in talks with various parties to cut its stake in
the giant Zohr gas field offshore Egypt to 50 percent, Chief
Executive Claudio Descalzi said on Monday.
Read more
UPDATE 1-Mexico certifies bidders for December deep water oil auctions
MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator
announced on Monday a final list of 17 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions, set for Dec.
5.
Read more
announced on Monday a final list of 17 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions, set for Dec.
5.
Read more
Brazil's shortfall in gasoline, opportunity for ethanol -Petrobras CEO
SAO PAULO, Nov 28 (Reuters) - The chief executive of
Brazil's state-run oil company Petrobras said on
Monday that the growing deficit in the country's gasoline
refining capacity is an opportunity for local ethanol mills.
Read more
Brazil's state-run oil company Petrobras said on
Monday that the growing deficit in the country's gasoline
refining capacity is an opportunity for local ethanol mills.
Read more
Brazil weighs new ethanol policy as mills focus on sugar
SAO PAULO, Nov 28 (Reuters) - The Brazilian government is
preparing a program to stimulate ethanol production with the aim
of curbing the country's gasoline imports, the energy minister
said on Monday, at a time when local refining capacity is
expected to plateau.
Read more
preparing a program to stimulate ethanol production with the aim
of curbing the country's gasoline imports, the energy minister
said on Monday, at a time when local refining capacity is
expected to plateau.
Read more
Canada to allow Saskatchewan to keep burning coal for power
Nov 28 (Reuters) - Ottawa has struck a deal with
Saskatchewan, a fierce critic of its environmental strategy,
allowing it to continue running coal-fired electricity plants
past 2030 if it makes equivalent cuts elsewhere to greenhouse
gas emissions, the governments said on Monday.
Read more
Saskatchewan, a fierce critic of its environmental strategy,
allowing it to continue running coal-fired electricity plants
past 2030 if it makes equivalent cuts elsewhere to greenhouse
gas emissions, the governments said on Monday.
Read more
Maersk, DONG Energy in talks over $10 bln oil merger - sources
LONDON, Nov 28 (Reuters) - Denmark's A.P. Moller-Maersk
and DONG Energy are in talks to merge
their oil and gas operations in a deal that would create a
business worth more than $10 billion including debt, sources
familiar with the matter said.
Read more
and DONG Energy are in talks to merge
their oil and gas operations in a deal that would create a
business worth more than $10 billion including debt, sources
familiar with the matter said.
Read more
Shell considering selling its Iraq oil assets -sources
LONDON, Nov 28 (Reuters) - Royal Dutch Shell is
considering selling out of its oil fields in Iraq as part of its
global $30 billion asset disposal programme, industry sources
said on Monday.
Read more
considering selling out of its oil fields in Iraq as part of its
global $30 billion asset disposal programme, industry sources
said on Monday.
Read more
UPDATE 1-EDF seeks to triple retail base in Italy, eyes ENI portfolio
PARIS, Nov 28 (Reuters) - Italian energy group Edison
, a unit of French utility EDF, wants to
triple the number of its Italian retail customers and would be
ready to buy Italian group Eni's retail base, Edison
chief executive Marc Benayoun said on Monday.
Read more
, a unit of French utility EDF, wants to
triple the number of its Italian retail customers and would be
ready to buy Italian group Eni's retail base, Edison
chief executive Marc Benayoun said on Monday.
Read more
REFILE-UPDATE 6-Oil up in choppy trade as OPEC heavyweights head to Vienna
LONDON, Nov 28 (Reuters) - Oil prices gained more than two
percent on Monday in volatile trading after falling as much as
two percent, recouping losses as the market reacted to the shaky
prospect of major producers being able to agree output cuts at a
meeting on Wednesday.
Read more
percent on Monday in volatile trading after falling as much as
two percent, recouping losses as the market reacted to the shaky
prospect of major producers being able to agree output cuts at a
meeting on Wednesday.
Read more
Norway resumes high-level trade talks with Russia after two-year break
OSLO, Nov 28 (Reuters) - Norway has resumed high-level talks
with Russia on trade and economic cooperation that were broken
off after Moscow annexed Crimea in 2014, the Norwegian Ministry
of Trade, Industry and Fisheries said in a statement on Monday.
Read more
with Russia on trade and economic cooperation that were broken
off after Moscow annexed Crimea in 2014, the Norwegian Ministry
of Trade, Industry and Fisheries said in a statement on Monday.
Read more
RPT-Canada pipeline opponents ready to take on Kinder Morgan, Ottawa
VANCOUVER, Nov 28 (Reuters) - If Canada approves Kinder
Morgan's Trans Mountain pipeline expansion, the
company's four-year campaign for the project will be far from
over. Next up is a battle against hardening opposition amongst
some communities along its planned route.
Read more
Morgan's Trans Mountain pipeline expansion, the
company's four-year campaign for the project will be far from
over. Next up is a battle against hardening opposition amongst
some communities along its planned route.
Read more
Solar, wind industries hope years courting Republicans pays off under Trump
LOS ANGELES, Nov 28 (Reuters) - U.S. wind and solar
companies for the first time gave more money to Republicans than
Democrats during the 2016 election cycle, according to federal
campaign disclosures, part of a years-long effort to expand
renewable energy's appeal beyond liberal environmentalists.
Read more
companies for the first time gave more money to Republicans than
Democrats during the 2016 election cycle, according to federal
campaign disclosures, part of a years-long effort to expand
renewable energy's appeal beyond liberal environmentalists.
Read more
RPT-COLUMN-Rio Tinto disposes of iron ore elephant, signals flexibility: Russell
LAUNCESTON, Australia, Nov 28 (Reuters) - Almost unnoticed,
Rio Tinto Chief Executive Jean Sebastien Jacques has ushered the
China iron ore elephant out of the room.
Read more
Rio Tinto Chief Executive Jean Sebastien Jacques has ushered the
China iron ore elephant out of the room.
Read more
COLUMN-Saudi brinkmanship aims to re-establish leverage within OPEC: Kemp
LONDON, Nov 28 (Reuters) - Saudi Arabia is trying to
re-establish some negotiating leverage within OPEC by
threatening to block an output cutting deal unless other members
share more of the burden.
Read more
re-establish some negotiating leverage within OPEC by
threatening to block an output cutting deal unless other members
share more of the burden.
Read more
Support for Australian PM falls with another legislative compromise
SYDNEY, Nov 28 (Reuters) - Support for Australian Prime
Minister Malcolm Turnbull has fallen to its lowest levels since
he took office more than a year ago, an opinion poll showed on
Monday, potentially loosening his already tenuous grip on power.
Read more
Minister Malcolm Turnbull has fallen to its lowest levels since
he took office more than a year ago, an opinion poll showed on
Monday, potentially loosening his already tenuous grip on power.
Read more
Sunday, November 27, 2016
Canada pipeline opponents ready to take on Kinder Morgan, Ottawa
VANCOUVER, Nov 28 (Reuters) - If Canada approves Kinder
Morgan's Trans Mountain pipeline expansion, the
company's four-year campaign for the project will be far from
over. Next up is a battle against hardening opposition amongst
some communities along its planned route.
Read more
Morgan's Trans Mountain pipeline expansion, the
company's four-year campaign for the project will be far from
over. Next up is a battle against hardening opposition amongst
some communities along its planned route.
Read more
COLUMN-Rio Tinto disposes of iron ore elephant, signals flexibility: Russell
LAUNCESTON, Australia, Nov 28 (Reuters) - Almost unnoticed,
Rio Tinto Chief Executive Jean Sebastien Jacques has ushered the
China iron ore elephant out of the room.
Read more
Rio Tinto Chief Executive Jean Sebastien Jacques has ushered the
China iron ore elephant out of the room.
Read more
UPDATE 2-Oil prices fall over doubts of planned crude output cut
* But rising U.S. output could undermine OPEC-cut
(Adds U.S. rig count, comment, updates prices)
Read more
(Adds U.S. rig count, comment, updates prices)
Read more
Venezuela Puerto La Cruz refinery hit by blackout- sources
CARACAS, Nov 27 (Reuters) - Venezuela's Puerto La Cruz
refinery was hit by a blackout on Sunday night, a union leader
and workers said, adding to refining troubles in the oil-rich
country although the complex was barely operational before the
outage.
Read more
refinery was hit by a blackout on Sunday night, a union leader
and workers said, adding to refining troubles in the oil-rich
country although the complex was barely operational before the
outage.
Read more
U.S. authorities say no plans to forcibly remove North Dakota protesters
Nov 27 (Reuters) - U.S. authorities said on Sunday they had
no plans to forcibly remove activists protesting plans to run an
oil pipeline beneath a lake near the Standing Rock Sioux
reservation in North Dakota, despite telling them to leave by
early December.
Read more
no plans to forcibly remove activists protesting plans to run an
oil pipeline beneath a lake near the Standing Rock Sioux
reservation in North Dakota, despite telling them to leave by
early December.
Read more
Oil prices tumble as doubts over planned crude output cut rise
SINGAPORE, Nov 28 (Reuters) - Oil prices fell over 1 percent
on Monday, extending declines from last Friday as doubts
re-emerged over the ability of major producers to cut output at
a planned meeting on Wednesday aimed at reining in global
oversupply.
Read more
on Monday, extending declines from last Friday as doubts
re-emerged over the ability of major producers to cut output at
a planned meeting on Wednesday aimed at reining in global
oversupply.
Read more
UPDATE 1-Brazil's Temer vows to block amnesty for election crimes
BRASILIA, Nov 27 (Reuters) - President Michel Temer said on
Sunday that he and leaders of Brazil's Congress will not allow
an amnesty for election slush funds sought by some lawmakers to
avoid prosecution for receiving graft money.
Read more
Sunday that he and leaders of Brazil's Congress will not allow
an amnesty for election slush funds sought by some lawmakers to
avoid prosecution for receiving graft money.
Read more
Kuwaiti opposition win big in anti-austerity vote
KUWAIT, Nov 27 (Reuters) - Opposition candidates are
estimated to have won around 20 seats out of 50 in Kuwaiti
elections that saw most parliament members replaced, in a vote
analysts said reflects anger at austerity measures to curb a
budget deficit.
Read more
estimated to have won around 20 seats out of 50 in Kuwaiti
elections that saw most parliament members replaced, in a vote
analysts said reflects anger at austerity measures to curb a
budget deficit.
Read more
UPDATE 1-Militants kidnap six Pakistanis working for Polish oil firm
DERA ISMAIL KHAN, Pakistan, Nov 27 (Reuters) - Six
Pakistanis working for a Polish oil and gas surveying company
have been kidnapped in northwestern Pakistan, military sources
told Reuters, years after a Polish engineer from the same
company was beheaded by Pakistani militants.
Read more
Pakistanis working for a Polish oil and gas surveying company
have been kidnapped in northwestern Pakistan, military sources
told Reuters, years after a Polish engineer from the same
company was beheaded by Pakistani militants.
Read more
Coal price surge sets miners against activists by English seaside
DRURIDGE BAY, England, Nov 27 (Reuters) - In northeastern
England, a battle is raging between grass roots campaigners and
a company intent on digging a new open cast mine as world coal
prices soar.
Read more
England, a battle is raging between grass roots campaigners and
a company intent on digging a new open cast mine as world coal
prices soar.
Read more
Najib cools snap election talk as Malaysia lacks "feel good factor"
KUALA LUMPUR, Nov 27 (Reuters) - Malaysian Prime Minister
Najib Razak said on Sunday that he will "not necessarily" call a
snap election next year, amid talk that he would seek an early
vote as splits in the opposition have hobbled efforts to oust
him over a long-running financial scandal.
Read more
Najib Razak said on Sunday that he will "not necessarily" call a
snap election next year, amid talk that he would seek an early
vote as splits in the opposition have hobbled efforts to oust
him over a long-running financial scandal.
Read more
Militants kidnap six Pakistani workers of Polish oil company
DERA ISMAIL KHAN, Pakistan, Nov 27 (Reuters) - Six Pakistani
workers from a Polish oil and gas surveying company have been
kidnapped in northwestern Pakistan, military sources told
Reuters, years after a Polish engineer from the same company was
beheaded by Pakistani militants.
Read more
workers from a Polish oil and gas surveying company have been
kidnapped in northwestern Pakistan, military sources told
Reuters, years after a Polish engineer from the same company was
beheaded by Pakistani militants.
Read more
Saturday, November 26, 2016
UPDATE 2-In intimate ally Venezuela, tears and cheers over Castro's death
CARACAS, Nov 26 (Reuters) - Venezuela's ruling socialists
mourned former Cuban leader Fidel Castro, while opposition
hard-liners exulted over the death of a man they called a
dictator who helped wreck their economy and whose country for
years had an easy ride with subsidized oil.
Read more
mourned former Cuban leader Fidel Castro, while opposition
hard-liners exulted over the death of a man they called a
dictator who helped wreck their economy and whose country for
years had an easy ride with subsidized oil.
Read more
In intimate ally Venezuela, tears and cheers over Castro's death
CARACAS, Nov 26 (Reuters) - Venezuela's ruling socialists
mourned former Cuban leader Fidel Castro, while opposition
hardliners exulted over the death of a man they call a dictator
who helped wreck the economy and whose country has for years got
an easy ride with subsidized oil.
Read more
mourned former Cuban leader Fidel Castro, while opposition
hardliners exulted over the death of a man they call a dictator
who helped wreck the economy and whose country has for years got
an easy ride with subsidized oil.
Read more
Trump calls Green Party vote recount request a 'scam'
WEST PALM BEACH, Fla., Nov 26 (Reuters) - U.S.
President-elect Donald Trump on Saturday called a request for a
recount of votes in Wisconsin a "scam" by the Green Party and
said even his Democratic challenger Hillary Clinton had said the
election results should be accepted.
Read more
President-elect Donald Trump on Saturday called a request for a
recount of votes in Wisconsin a "scam" by the Green Party and
said even his Democratic challenger Hillary Clinton had said the
election results should be accepted.
Read more
UPDATE 1-Iran optimistic on OPEC deal after meeting Algerian minister
DUBAI, Nov 26 (Reuters) - Iran is optimistic OPEC can reach
a deal on limiting oil supplies and plans to announce its own
decision about any output curbs at the group's meeting next
week, Iranian Oil Minister Bijan Zanganeh said on the ministry's
official website SHANA.
Read more
a deal on limiting oil supplies and plans to announce its own
decision about any output curbs at the group's meeting next
week, Iranian Oil Minister Bijan Zanganeh said on the ministry's
official website SHANA.
Read more
Russia positive on global oil deal, continues consultations with OPEC - minister
MOSCOW, Nov 26 (Reuters) - Russia is continuing
consultations with OPEC aimed at stabilising oil markets and is
positive about a global deal, Energy Minister Alexander Novak
said on Saturday.
Read more
consultations with OPEC aimed at stabilising oil markets and is
positive about a global deal, Energy Minister Alexander Novak
said on Saturday.
Read more
Kuwaitis vote in austerity-focused poll, energised by opposition
KUWAIT, Nov 26 (Reuters) - Kuwaitis voted on Saturday in an
election energised by the participation of opposition candidates
for the first time since 2012 and focused on recent government
austerity measures aimed at tackling the oil-rich nation's
deficit.
Read more
election energised by the participation of opposition candidates
for the first time since 2012 and focused on recent government
austerity measures aimed at tackling the oil-rich nation's
deficit.
Read more
Siemens is well placed to adapt business in U.S. - CEO
FRANKFURT, Nov 26 (Reuters) - German trains-to-turbines
group Siemens is well placed to do business in the
United States, regardless of whether President-elect Donald
Trump backs fossil-fuels at the expense of renewable energy, its
CEO told a newspaper.
Read more
group Siemens is well placed to do business in the
United States, regardless of whether President-elect Donald
Trump backs fossil-fuels at the expense of renewable energy, its
CEO told a newspaper.
Read more
China launches commodity trading centre in Shanghai, eyes Asia gas hub status
SHANGHAI, Nov 26 (Reuters) - China on Saturday formally
launched a state-backed commodity trading centre in Shanghai, as
the world's top energy consumer looks to race ahead of other
countries such as Tokyo and Singapore to become Asia's main gas
pricing hub.
Read more
launched a state-backed commodity trading centre in Shanghai, as
the world's top energy consumer looks to race ahead of other
countries such as Tokyo and Singapore to become Asia's main gas
pricing hub.
Read more
UPDATE 1-U.N. close to sanctions deal to slash N. Korea export earnings -diplomats
Nov 25 (Reuters) - The U.N. Security Council's five veto
powers are close to approving new sanctions on North Korea to
cut the isolated state's earnings from exports by more than a
quarter, principally by targeting its coal exports to China,
diplomats said on Friday.
Read more
powers are close to approving new sanctions on North Korea to
cut the isolated state's earnings from exports by more than a
quarter, principally by targeting its coal exports to China,
diplomats said on Friday.
Read more
Friday, November 25, 2016
U.N. close to sanctions deal to slash N. Korea export earnings -diplomats
Nov 25 (Reuters) - The U.N. Security Council's five veto
powers are close to approving new sanctions on North Korea to
cut the isolated state's earnings from exports by more than a
quarter, principally by targeting its coal exports to China,
diplomats said on Friday.
Read more
powers are close to approving new sanctions on North Korea to
cut the isolated state's earnings from exports by more than a
quarter, principally by targeting its coal exports to China,
diplomats said on Friday.
Read more
UPDATE 1-Canada plans new fuel rules, aims 30-megatonne emissions cut by 2030
TORONTO, Nov 25 (Reuters) - Canada will require reduced
carbon footprints for all fuels so that the country can achieve
a 30-megatonne cut in greenhouse gas emissions by 2030, the
country's environment department said on Friday.
Read more
carbon footprints for all fuels so that the country can achieve
a 30-megatonne cut in greenhouse gas emissions by 2030, the
country's environment department said on Friday.
Read more
Canada says new fuel rules to cut emissions by 30 megatonnes by 2030
TORONTO, Nov 25 (Reuters) - Canada will require reduced
carbon footprints for all fuels so that the country can achieve
a 30-megatonne cut in greenhouse gas emissions by 2030, the
country's environment department said on Friday.
Read more
carbon footprints for all fuels so that the country can achieve
a 30-megatonne cut in greenhouse gas emissions by 2030, the
country's environment department said on Friday.
Read more
UPDATE 4-Minister at center of Brazil's latest scandal quits
BRASILIA, Nov 25 (Reuters) - One of Brazilian President
Michel Temer's closest allies resigned as minister in charge of
relations with Congress on Friday, following accusations he
pressured the culture minister to approve a property investment.
Read more
Michel Temer's closest allies resigned as minister in charge of
relations with Congress on Friday, following accusations he
pressured the culture minister to approve a property investment.
Read more
UPDATE 2-U.S. stores far from overwhelmed as Black Friday sales begin
Nov 25 (Reuters) - Crowds were thin at U.S. malls and stores
on Black Friday morning, formerly the traditional start of the
holiday shopping season, and online channels were expected to
show the strongest gains in sales over last year.
Read more
on Black Friday morning, formerly the traditional start of the
holiday shopping season, and online channels were expected to
show the strongest gains in sales over last year.
Read more
Fiat Chrysler picks Poland to make two new car engines
MILAN/KRAKOW, Poland, Nov 25 (Reuters) - Fiat Chrysler
Automobiles (FCA) will produce two new gasoline
engines at its plant in Bielsko-Biala, southern Poland in an
investment it said was confirmation of its commitment to
developing its operations in the country.
Read more
Automobiles (FCA) will produce two new gasoline
engines at its plant in Bielsko-Biala, southern Poland in an
investment it said was confirmation of its commitment to
developing its operations in the country.
Read more
UPDATE 2-Shell in talks over Gabon sale as seeks to hit divestment target
LONDON, Nov 25 (Reuters) - Royal Dutch Shell is in
advanced talks with a party interested in buying its onshore
operations in Gabon as part of a $30 billion divestment plan
following its purchase of BG Group, which was completed in
February..
Read more
advanced talks with a party interested in buying its onshore
operations in Gabon as part of a $30 billion divestment plan
following its purchase of BG Group, which was completed in
February..
Read more
Multi-nationals overcome Brexit strains to boost FTSE earnings
LONDON, Nov 25 (Reuters) - Major companies listed in London
overcame the shock of Brexit to report robust third quarter
trading, with strong performances from multi-national firms
helping to offset domestic pressure and lift overall forecasts.
Read more
overcame the shock of Brexit to report robust third quarter
trading, with strong performances from multi-national firms
helping to offset domestic pressure and lift overall forecasts.
Read more
UPDATE 1-EC says Russia and Ukraine to meet in Brussels for gas talks
MOSCOW, Nov 25 (Reuters) - Russia and Ukraine are about to
meet in Brussels with officials from the European Commission to
discuss the resumption of gas supplies to Ukraine, halted after
Moscow annexed the Crimean peninsula in 2014, the EU Commission
Vice-President for Energy Union Maros Sefcovic said on Friday.
Read more
meet in Brussels with officials from the European Commission to
discuss the resumption of gas supplies to Ukraine, halted after
Moscow annexed the Crimean peninsula in 2014, the EU Commission
Vice-President for Energy Union Maros Sefcovic said on Friday.
Read more
UPDATE 1-Consortium led by French group Total wins Ivory Coast LNG deal
* Total to have 34 pct of new Cote d'Ivoire-GNL company
(Adds update with Total's statement, details)
Read more
(Adds update with Total's statement, details)
Read more
Singapore readies up to $1.1 bln in loans for oil & gas-linked firms
SINGAPORE, Nov 25 (Reuters) - Singapore plans to offer
financial assistance to its liquidity-hit marine and offshore
engineering companies that could help them raise as much as
S$1.6 billion ($1.1 billion) in loans.
Read more
financial assistance to its liquidity-hit marine and offshore
engineering companies that could help them raise as much as
S$1.6 billion ($1.1 billion) in loans.
Read more
Thursday, November 24, 2016
Trump will pursue "regional hegemony" in South China Sea- Chinese academics
BEIJING, Nov 25 (Reuters) - A Donald Trump presidency does
not mean the United States will withdraw from the South China
Sea, but rather will continue pursuing "regional hegemony",
Chinese academics who drafted a report for an influential
government think tank said on Friday.
Read more
not mean the United States will withdraw from the South China
Sea, but rather will continue pursuing "regional hegemony",
Chinese academics who drafted a report for an influential
government think tank said on Friday.
Read more
UPDATE 2-Palm oil demand from Indonesia biodiesel sector to surge by 2020 -govt agency
* Sees palm demand from biodiesel sector at 10.6 mln T by
2020
* Indonesia pushing to boost biodiesel usage
* Govt targets 90-pct increase in unblended biodiesel
consumption
* Should support palm oil prices
(Adds biodiesel consumption targets)
By Emily Chow
NUSA DUA, Indonesia, Nov 25 (Reuters) - Indonesian demand
for crude palm oil (CPO) for use in biodiesel will grow nearly
70 percent by 2020, a government agency said on Friday, as the
price gap with conventional diesel n
Read more
2020
* Indonesia pushing to boost biodiesel usage
* Govt targets 90-pct increase in unblended biodiesel
consumption
* Should support palm oil prices
(Adds biodiesel consumption targets)
By Emily Chow
NUSA DUA, Indonesia, Nov 25 (Reuters) - Indonesian demand
for crude palm oil (CPO) for use in biodiesel will grow nearly
70 percent by 2020, a government agency said on Friday, as the
price gap with conventional diesel n
Read more
Australia, New Zealand shares close higher, supported by materials
Nov 25 - Australian shares ended Friday higher, underpinned
by materials that rose on an extended rally in base metal
prices.
Read more
by materials that rose on an extended rally in base metal
prices.
Read more
Bids for Goldman-backed Daesung Gases due soon, deal seen worth $1.3 bln
SEOUL, Nov 25 (Reuters) - South Korea's Daesung Industrial
Gases, nearly half-owned by Goldman Sachs, will be put up for
auction with first-round bids due in early December - a deal
reportedly worth about 1.5 trillion won ($1.3 billion).
Read more
Gases, nearly half-owned by Goldman Sachs, will be put up for
auction with first-round bids due in early December - a deal
reportedly worth about 1.5 trillion won ($1.3 billion).
Read more
Airlines forced to ration fuel at Melbourne Airport - sources
SYDNEY, Nov 25 (Reuters) - Airlines flying to and from
Australia's Melbourne Airport on Friday were told they could
only receive half of their normal jet fuel after a series of
supply disruptions, three aviation industry sources said.
Read more
Australia's Melbourne Airport on Friday were told they could
only receive half of their normal jet fuel after a series of
supply disruptions, three aviation industry sources said.
Read more
Venezuela's PDVSA says seeking compensation in U.S. oil bribery case
CARACAS, Nov 24 (Reuters) - Venezuela's PDVSA said on
Thursday it was taking legal action seeking compensation for a
$1 billion scheme in which two oil magnates paid bribes to
obtain lucrative contracts from the state oil company.
Read more
Thursday it was taking legal action seeking compensation for a
$1 billion scheme in which two oil magnates paid bribes to
obtain lucrative contracts from the state oil company.
Read more
UPDATE 1-BHP Vale to fund, extend credit over Samarco disaster
SYDNEY, Nov 25 (Reuters) - BHP Billiton and Vale Sa
have each approved $181 million to fund remediation
and compensation programs at the Samarco iron ore joint venture
in Brazil following a deadly mine disaster in November 2015.
Read more
have each approved $181 million to fund remediation
and compensation programs at the Samarco iron ore joint venture
in Brazil following a deadly mine disaster in November 2015.
Read more
Total-led consortium finalises deal to develop Ivory Coast LNG sector
ABIDJAN, Nov 24 (Reuters) - French oil major Total
, the Ivorian state oil company and four other partners formally
established a consortium on Thursday to build a liquid natural
gas (LNG) import terminal meant to feed the country's growing
electricity consumption.
Read more
, the Ivorian state oil company and four other partners formally
established a consortium on Thursday to build a liquid natural
gas (LNG) import terminal meant to feed the country's growing
electricity consumption.
Read more
Hurricane Otto makes landfall along south Nicaragua coast -NHC
Nov 24 (Reuters) - Otto, the seventh Atlantic hurricane of
the season, made landfall on the coast of southern Nicaragua to
the north of the town of San Juan de Nicaragua, the U.S.
National Hurricane Center said on Thursday.
Read more
the season, made landfall on the coast of southern Nicaragua to
the north of the town of San Juan de Nicaragua, the U.S.
National Hurricane Center said on Thursday.
Read more
UPDATE 1-Canada to announce Enbridge pipeline decision next week -sources
OTTAWA, Nov 24 (Reuters) - The Canadian government will
announce its decision on two major Enbridge Inc
pipeline projects on Nov. 29, two sources familiar with the
matter said on Thursday.
Read more
announce its decision on two major Enbridge Inc
pipeline projects on Nov. 29, two sources familiar with the
matter said on Thursday.
Read more
UPDATE 1-Ukraine's Poroshenko faces calls to do more on reform at summit with EU
* Ukrainians fear Trump's vow to seek thaw with Russia
(Adds summit under way, fresh detail, quote, context)
Read more
(Adds summit under way, fresh detail, quote, context)
Read more
UPDATE 1-Rosneft approves $17 billion rouble bond programme
MOSCOW, Nov 24 (Reuters) - Russia's largest oil producer
Rosneft is to return to the county's domestic bond
market after a two-year absence with a programme worth 1.071
trillion roubles ($16.6 billion), the company said on Thursday.
Read more
Rosneft is to return to the county's domestic bond
market after a two-year absence with a programme worth 1.071
trillion roubles ($16.6 billion), the company said on Thursday.
Read more
INTERVIEW-Woodside moving forward with Browse, Scarborough projects at similar pace
TOKYO, Nov 24 (Reuters) - Woodside Petroleum is
moving forward with its Scarborough area gas fields and its
delayed Browse liquefied natural gas (LNG) project at a similar
rate, and can't say at this stage which will be developed first,
its CEO told Reuters.
Read more
moving forward with its Scarborough area gas fields and its
delayed Browse liquefied natural gas (LNG) project at a similar
rate, and can't say at this stage which will be developed first,
its CEO told Reuters.
Read more
Oil companies shoulder pain of downturn with lower output
LONDON, Nov 24 (Reuters) - The world's listed oil companies
have slashed oil output by 2.4 percent so far this year during
one of the industry's worst downturns as OPEC battles to agree
on its first production cut since 2008.
Read more
have slashed oil output by 2.4 percent so far this year during
one of the industry's worst downturns as OPEC battles to agree
on its first production cut since 2008.
Read more
Wednesday, November 23, 2016
UPDATE 1-At least 40 killed in China construction accident - Xinhua
BEIJING, Nov 24 (Reuters) - At least 40 people have died and
others are still trapped after a platform under construction at
a power plant's cooling tower in eastern China's Jiangxi
province collapsed on Thursday, state news agency Xinhua said.
Read more
others are still trapped after a platform under construction at
a power plant's cooling tower in eastern China's Jiangxi
province collapsed on Thursday, state news agency Xinhua said.
Read more
Rio Tinto CEO didn't see coal price going up, but expects it to fall
SYDNEY, Nov 24 (Reuters) - Rio Tinto Chief
Executive Jean-Sébastien Jacques on Wednesday admitted he didn't
see the recent meteoric rise in coal prices coming. But he is
already predicting the fall.
Read more
Executive Jean-Sébastien Jacques on Wednesday admitted he didn't
see the recent meteoric rise in coal prices coming. But he is
already predicting the fall.
Read more
COLUMN-As the commodity mega-boom winds down, the mini-boom gathers steam: Russell
LAUNCESTON, Australia, Nov 24 (Reuters) - As the
once-in-a-lifetime commodity boom winds down, a key concern has
been what is going to replace the mega-projects built to feed
China's appetite for natural resources.
Read more
once-in-a-lifetime commodity boom winds down, a key concern has
been what is going to replace the mega-projects built to feed
China's appetite for natural resources.
Read more
IEA expects oil investment to fall for third year in 2017
TOKYO, Nov 24 (Reuters) - Investment in new oil production
is likely to fall for a third year in 2017 as a global supply
glut persists, stoking volatility in crude markets, the head of
the International Energy Agency (IEA) said on Thursday.
Read more
is likely to fall for a third year in 2017 as a global supply
glut persists, stoking volatility in crude markets, the head of
the International Energy Agency (IEA) said on Thursday.
Read more
COLUMN-As the commodity mega-boom winds down, the mini-boom gathers steam: Russell
LAUNCESTON, Australia, Nov 24 (Reuters) - As the
once-in-a-lifetime commodity boom winds down, a key concern has
been what is going to replace the mega-projects built to feed
China's appetite for natural resources.
Read more
once-in-a-lifetime commodity boom winds down, a key concern has
been what is going to replace the mega-projects built to feed
China's appetite for natural resources.
Read more
Oil prices static on uncertainty over planned production cut
SINGAPORE, Nov 24 (Reuters) - Oil prices were little changed
on Thursday as uncertainty ahead of a planned OPEC-led crude
production cut and thin liquidity due to the U.S. Thanksgiving
holiday kept traders from making big new bets on markets.
Read more
on Thursday as uncertainty ahead of a planned OPEC-led crude
production cut and thin liquidity due to the U.S. Thanksgiving
holiday kept traders from making big new bets on markets.
Read more
RPT-COLUMN-OPEC talks struggle with question of market share: Kemp
LONDON, Nov 23 (Reuters) - OPEC officials are struggling to
reach a final agreement on how to share out production cuts
implied by the preliminary output accord agreed by ministers in
September.
Read more
reach a final agreement on how to share out production cuts
implied by the preliminary output accord agreed by ministers in
September.
Read more
UPDATE 2-Sempra drops offer on Odebrecht Peru pipeline, Techint in talks
LIMA, Nov 23 (Reuters) - Sempra Energy announced on
Wednesday that it has ended talks aimed at buying a stake in
Odebrecht's natural gas pipeline project in Peru with no deal,
as Techint Group said it was still interested in acquiring
minority control.
Read more
Wednesday that it has ended talks aimed at buying a stake in
Odebrecht's natural gas pipeline project in Peru with no deal,
as Techint Group said it was still interested in acquiring
minority control.
Read more
Otto strengthens to hurricane again -NHC
Nov 23 (Reuters) - Otto, the seventh hurricane of the 2016
Atlantic season, regained hurricane strength and is located
about 180 miles (285 km) east-southeast of Bluefields,
Nicaragua, the U.S. National Hurricane Center (NHC) said on
Wednesday.
Read more
Atlantic season, regained hurricane strength and is located
about 180 miles (285 km) east-southeast of Bluefields,
Nicaragua, the U.S. National Hurricane Center (NHC) said on
Wednesday.
Read more
RPT-Oil spice: With $3 bln port, Malacca eyes slice of shipping giant Singapore's pie
KUALA LUMPUR, Nov 23 (Reuters) - Once at the heart of the
global spice trade, Malacca is pumping nearly $3 billion into an
ambitious plan to put itself in demand in a different hot
commodity - oil.
Read more
global spice trade, Malacca is pumping nearly $3 billion into an
ambitious plan to put itself in demand in a different hot
commodity - oil.
Read more
Venezuela's Maduro says OPEC output pact 'imminent'
CARACAS, Nov 23 (Reuters) - Venezuela's President Nicolas
Maduro said on Wednesday an OPEC deal to cut output and hike oil
prices was "imminent," and dispatched his oil minister to Russia
to help bring other producers on board.
Read more
Maduro said on Wednesday an OPEC deal to cut output and hike oil
prices was "imminent," and dispatched his oil minister to Russia
to help bring other producers on board.
Read more
RPT-COLUMN-Why Trump needs to embrace Obama's fuel economy rules to make America energy independent
Nov 23 (Reuters) - Since the Arab Oil Embargo four decades
ago, every president has promised to wean the United States off
the need for foreign oil.
Read more
ago, every president has promised to wean the United States off
the need for foreign oil.
Read more
RPT-Global LNG buyers, sellers meet as Japan probes contract clauses
TOKYO, Nov 23 (Reuters) - A new Japanese regulatory probe
into sales restrictions for liquefied natural gas (LNG)
contracts will be at the forefront of discussion as the
industry's biggest buyers and sellers gather in Tokyo this week.
Read more
into sales restrictions for liquefied natural gas (LNG)
contracts will be at the forefront of discussion as the
industry's biggest buyers and sellers gather in Tokyo this week.
Read more
Venezuela refinery network operating at roughly a third -sources
CARACAS, Nov 23 (Reuters) - Oil-rich Venezuela's refinery
network was operating at about a third of capacity, according to
union sources and workers, as state oil company PDVSA
struggles with equipment issues after years of underinvestment.
Read more
network was operating at about a third of capacity, according to
union sources and workers, as state oil company PDVSA
struggles with equipment issues after years of underinvestment.
Read more
Canadian province Alberta switching to new power market structure
CALGARY, Alberta, Nov 23 (Reuters) - The Canadian province
of Alberta is switching to a new power market structure to
encourage investment in electricity generation and help meet its
renewable energy targets, the government said on Wednesday.
Read more
of Alberta is switching to a new power market structure to
encourage investment in electricity generation and help meet its
renewable energy targets, the government said on Wednesday.
Read more
Brazil's Odebrecht executives to sign deal with prosecutors - source
BRASILIA, Nov 23 (Reuters) - Executives of Brazilian
engineering conglomerate Odebrecht will sign a plea bargain deal
with federal prosecutors on Wednesday or Thursday, a source
close to the negotiations told Reuters.
Read more
engineering conglomerate Odebrecht will sign a plea bargain deal
with federal prosecutors on Wednesday or Thursday, a source
close to the negotiations told Reuters.
Read more
UPDATE 1-EU looking into Russian fuel supply to Syria via Europe - source
BRUSSELS/STRASBOURG, Nov 23 (Reuters) - The European Union
is looking into whether Russian tankers carried jet fuel to
Syria through the bloc's waters despite this being banned, an EU
source said on Wednesday.
Read more
is looking into whether Russian tankers carried jet fuel to
Syria through the bloc's waters despite this being banned, an EU
source said on Wednesday.
Read more
UPDATE 3-Big Corn beats Big Oil as U.S. hikes 2017 biofuel targets
NEW YORK, Nov 23 (Reuters) - The U.S. government will
require energy companies to use a record amount of biofuel next
year, a victory for Midwest farmers that supply ethanol makers
over oil firms that say using more biofuels in gasoline and
diesel is costly and unachievable.
Read more
require energy companies to use a record amount of biofuel next
year, a victory for Midwest farmers that supply ethanol makers
over oil firms that say using more biofuels in gasoline and
diesel is costly and unachievable.
Read more
UPDATE 1-Philippines president vows to free economy "from clutches" of oligarchs
MANILA, Nov 23 (Reuters) - Philippine President Rodrigo
Duterte said on Wednesday he was taking steps to open up the
economy to new players and foreign investors, including in
power, energy and telecoms, to share its wealth and limit graft
and protectionism.
Read more
Duterte said on Wednesday he was taking steps to open up the
economy to new players and foreign investors, including in
power, energy and telecoms, to share its wealth and limit graft
and protectionism.
Read more
UPDATE 2-Brazil, Odebrecht sign $2.1 bln leniency deal in graft probe- media
SAO PAULO, Nov 23 (Reuters) - Federal prosecutors and
Odebrecht SA have agreed on the world's biggest plea and
leniency deal under which the embattled engineering conglomerate
would pay around 7 billion reais ($2.1 billion) in fines related
to its role in Brazil's biggest corruption scandal, local media
reported.
Read more
Odebrecht SA have agreed on the world's biggest plea and
leniency deal under which the embattled engineering conglomerate
would pay around 7 billion reais ($2.1 billion) in fines related
to its role in Brazil's biggest corruption scandal, local media
reported.
Read more
EU "acting on" report of Russia taking jet fuel to Syria against ban - source
BRUSSELS, Nov 23 (Reuters) - The European Union is "aware
and acting on" a report that Russian tankers had carried jet
fuel to Syria through the bloc's waters despite it being banned,
a source said on Wednesday.
Read more
and acting on" a report that Russian tankers had carried jet
fuel to Syria through the bloc's waters despite it being banned,
a source said on Wednesday.
Read more
UPDATE 1-France to convene Syria talks, accuses Assad, allies of waging "total war"
PARIS, Nov 23 (Reuters) - France accused Syria and its
allies on Wednesday of using the political uncertainty in the
United States to launch "total war" against rebel-held areas in
the country and said states opposed to President Bashar al-Assad
would meet in Paris soon.
Read more
allies on Wednesday of using the political uncertainty in the
United States to launch "total war" against rebel-held areas in
the country and said states opposed to President Bashar al-Assad
would meet in Paris soon.
Read more
EU lawmaker calls for investigation after Reuters report on jet fuel to Syria
STRASBOURG/LONDON, Nov 23 (Reuters) - A European Union
lawmaker has asked the bloc's foreign policy chief to launch an
investigation after Reuters reported that Russian tankers had
carried jet fuel to Syria through EU waters.
Read more
lawmaker has asked the bloc's foreign policy chief to launch an
investigation after Reuters reported that Russian tankers had
carried jet fuel to Syria through EU waters.
Read more
UPDATE 1-United Utilities first-half underlying profit rises marginally
Nov 23 (Reuters) - United Utilities Group Plc, the
largest of Britain's three publicly-listed water suppliers by
market value, posted a slightly higher first-half profit, helped
by new pricing regulations and lower spending on infrastructure
improvements.
Read more
largest of Britain's three publicly-listed water suppliers by
market value, posted a slightly higher first-half profit, helped
by new pricing regulations and lower spending on infrastructure
improvements.
Read more
Norway oil companies lower 2017 spending plans-survey
OSLO, Nov 23 (Reuters) - Norway's oil companies have lowered
their 2017 investment plans, a Statistics Norway survey showed
on Wednesday, raising the chances of a central bank interest
rate cut in the coming months.
Read more
their 2017 investment plans, a Statistics Norway survey showed
on Wednesday, raising the chances of a central bank interest
rate cut in the coming months.
Read more
United Utilities first-half underlying profit rises marginally
Nov 23 (Reuters) - United Utilities Group Plc
reported a small rise in first-half underlying operating profit,
helped by new pricing regulations and lower spending to renew
its pipeline infrastructure.
Read more
reported a small rise in first-half underlying operating profit,
helped by new pricing regulations and lower spending to renew
its pipeline infrastructure.
Read more
Global LNG buyers, sellers meet as Japan probes contract clauses
TOKYO, Nov 23 (Reuters) - A new Japanese regulatory probe
into sales restrictions for liquefied natural gas (LNG)
contracts will be at the forefront of discussion as the
industry's biggest buyers and sellers gather in Tokyo this week.
Read more
into sales restrictions for liquefied natural gas (LNG)
contracts will be at the forefront of discussion as the
industry's biggest buyers and sellers gather in Tokyo this week.
Read more
Oil spice: With $3 bln port, Malacca eyes slice of shipping giant Singapore's pie
KUALA LUMPUR, Nov 23 (Reuters) - Once at the heart of the
global spice trade, Malacca is pumping nearly $3 billion into an
ambitious plan to put itself in demand in a different hot
commodity - oil.
Read more
global spice trade, Malacca is pumping nearly $3 billion into an
ambitious plan to put itself in demand in a different hot
commodity - oil.
Read more
Tuesday, November 22, 2016
Oil prices static on uncertainty over OPEC-led production cut
SINGAPORE, Nov 23 (Reuters) - Oil prices moved little early
on Wednesday with traders reluctant to dive in as uncertainty
loomed over a planned OPEC-led oil production cut, and volumes
low ahead of the U.S. Thanksgiving holiday on Thursday.
Read more
on Wednesday with traders reluctant to dive in as uncertainty
loomed over a planned OPEC-led oil production cut, and volumes
low ahead of the U.S. Thanksgiving holiday on Thursday.
Read more
Australia shares extend gains, tracking Wall Street, NZ up
Nov 23 (Reuters) - Australian shares extended gains on
Wednesday hitting a near one-month high, in step with Wall
Street where all three main indices hit intraday record highs
for a second straight session.
Read more
Wednesday hitting a near one-month high, in step with Wall
Street where all three main indices hit intraday record highs
for a second straight session.
Read more
Algeria's Sonatrach and Spain's Cepsa extend oil field contracts
ALGIERS, Nov 22 (Reuters) - The Algerian state energy firm
Sonatrach and Spain's Cepsa signed an agreement on
Tuesday to extend partnership contracts for two oil fields in
the North African country, Sonatrach said.
Read more
Sonatrach and Spain's Cepsa signed an agreement on
Tuesday to extend partnership contracts for two oil fields in
the North African country, Sonatrach said.
Read more
Otto strengthens into hurricane, headed for Central America-NHC
Nov 22 (Reuters) - Otto, the seventh hurricane of the 2016
Atlantic season, has formed and is located about 305 miles (485
km) east-southeast of Bluefields, Nicaragua, the U.S. National
Hurricane Center (NHC) said on Tuesday.
Read more
Atlantic season, has formed and is located about 305 miles (485
km) east-southeast of Bluefields, Nicaragua, the U.S. National
Hurricane Center (NHC) said on Tuesday.
Read more
Nigeria's lawmakers summon oil minister over deals with China and India
ABUJA, Nov 22 (Reuters) - Nigeria's parliament summoned the
country's oil minister on Tuesday to clarify details of oil and
gas infrastructure agreements worth $80 billion with Chinese
companies and a $15 billion deal with India.
Read more
country's oil minister on Tuesday to clarify details of oil and
gas infrastructure agreements worth $80 billion with Chinese
companies and a $15 billion deal with India.
Read more
UPDATE 4-OPEC to debate oil output cut next week but Iraq, Iran hesitate
* Iran still insists on production targets above 4 mln bpd
(Updates with meeting over after 11 hours of talks)
Read more
(Updates with meeting over after 11 hours of talks)
Read more
UPDATE 1-EDF in talks on offshore wind partnership in China
* EDF has pipeline of 12 GW of renewables projects
(Adds detail about EDF offshore wind plans abroad)
Read more
(Adds detail about EDF offshore wind plans abroad)
Read more
Argentina biodiesel producers fear losing access to U.S. market
BUENOS AIRES, Nov 22 (Reuters) - Argentina's biodiesel
producers fear losing access to the United States, the
destination of nearly all their exports, after Donald Trump's
surprise victory in presidential elections earlier this month,
representatives of the sector said.
Read more
producers fear losing access to the United States, the
destination of nearly all their exports, after Donald Trump's
surprise victory in presidential elections earlier this month,
representatives of the sector said.
Read more
UPDATE 1-Greece to continue bailout talks, aiming to finish before Dec. 5
ATHENS, Nov 22 (Reuters) - Greece will continue talks with
international creditors on fiscal and labour reforms, aiming to
wrap up the second review of its bailout programme by early next
month ahead of a euro zone finance ministers' meeting,
government officials said on Tuesday.
Read more
international creditors on fiscal and labour reforms, aiming to
wrap up the second review of its bailout programme by early next
month ahead of a euro zone finance ministers' meeting,
government officials said on Tuesday.
Read more
Trump says keeping 'open mind' on climate change -New York Times
Nov 22 (Reuters) - U.S. President-elect Donald Trump said on
Tuesday he thinks there is some connection between climate
change and human activity and "clean air is vitally important,"
a New York Times reporter said in a tweet.
Read more
Tuesday he thinks there is some connection between climate
change and human activity and "clean air is vitally important,"
a New York Times reporter said in a tweet.
Read more
Gas to help cushion French winter power crunch, say operators
PARIS, Nov 22 (Reuters) - A record output increase from
gas-fired electricity generators since the start of the month
could enable France avoid rolling outages this winter amid
reduced supply from the country's ageing nuclear reactors, gas
network operators said on Tuesday.
Read more
gas-fired electricity generators since the start of the month
could enable France avoid rolling outages this winter amid
reduced supply from the country's ageing nuclear reactors, gas
network operators said on Tuesday.
Read more
Canada to rule on two pipelines; Kinder Morgan still up in air
OTTAWA, Nov 22 (Reuters) - Canada will this week decide the
fate of two Enbridge Inc pipelines but is keeping quiet
about its verdict on Kinder Morgan Inc's plans to more
than double the capacity of its Trans Mountain line, a move
environmentalists strongly oppose.
Read more
fate of two Enbridge Inc pipelines but is keeping quiet
about its verdict on Kinder Morgan Inc's plans to more
than double the capacity of its Trans Mountain line, a move
environmentalists strongly oppose.
Read more
COLUMN-Oil futures show no sign of market tightening despite OPEC talks: Kemp
LONDON, Nov 22 (Reuters) - If OPEC hopes to speed up the
rebalancing of the oil market by announcing a
production-limiting plan, someone should tell the futures
market.
Read more
rebalancing of the oil market by announcing a
production-limiting plan, someone should tell the futures
market.
Read more
Spain arrests man suspected of being "mastermind" in Petrobras case
MADRID, Nov 22 (Reuters) - Spanish police have arrested a
man suspected of being a "financial mastermind" in a corruption
network at Brazil's semi-public oil company Petrobras
, the Interior Ministry said on Tuesday.
Read more
man suspected of being a "financial mastermind" in a corruption
network at Brazil's semi-public oil company Petrobras
, the Interior Ministry said on Tuesday.
Read more
UPDATE 2-Enel goes on digital drive to boost shareholder returns
* Signals share buyback of up to 2 bln euros
(Recasts lead, adds management comments, shares)
Read more
(Recasts lead, adds management comments, shares)
Read more
UPDATE 2-South Africa slows nuclear power expansion plans
CAPE TOWN, Nov 22 (Reuters) - South Africa's government has
slowed its nuclear power expansion plans, according to a draft
energy paper, although state energy utility Eskom said the
country should stick to its original plan of bringing a new
plant online by 2025.
Read more
slowed its nuclear power expansion plans, according to a draft
energy paper, although state energy utility Eskom said the
country should stick to its original plan of bringing a new
plant online by 2025.
Read more
UPDATE 1-Vietnam abandons plan for first nuclear power plants
HANOI, Nov 22 (Reuters) - Vietnam's National Assembly voted
on Tuesday to scrap plans to build two multi-billion-dollar
nuclear power plants with Russia and Japan, after officials
cited lower demand forecasts, rising costs and safety concerns.
Read more
on Tuesday to scrap plans to build two multi-billion-dollar
nuclear power plants with Russia and Japan, after officials
cited lower demand forecasts, rising costs and safety concerns.
Read more
UPDATE 1-Catering firm Compass' revenue growth slows on commodity slump
Nov 22 (Reuters) - Compass Group Plc, the world's
biggest catering firm, forecast slower revenue growth for the
first half of its fiscal year, as ongoing weakness among
commodity clients slowed its quarterly revenue growth rate and
sent its stock down 4 percent.
Read more
biggest catering firm, forecast slower revenue growth for the
first half of its fiscal year, as ongoing weakness among
commodity clients slowed its quarterly revenue growth rate and
sent its stock down 4 percent.
Read more
Russian finmin: budget to get money from Rosneft sale by end-2016
MOSCOW, Nov 22 (Reuters) - Russian budget will receive
proceeds from a sale of a state stake in the country's largest
oil producer Rosneft by the end of this year, Finance
Minister Anton Siluanov said on Tuesday.
Read more
proceeds from a sale of a state stake in the country's largest
oil producer Rosneft by the end of this year, Finance
Minister Anton Siluanov said on Tuesday.
Read more
Britain tells Trump: "There is no vacancy" for Farage as ambassador to United States
LONDON, Nov 22 (Reuters) - After U.S. President-elect Donald
Trump said many people would like to see Brexit campaigner Nigel
Farage as British ambassador to Washington, Prime Minister
Theresa May's office pointedly ruled out such a move.
Read more
Trump said many people would like to see Brexit campaigner Nigel
Farage as British ambassador to Washington, Prime Minister
Theresa May's office pointedly ruled out such a move.
Read more
Monday, November 21, 2016
Australia shares end at month high led by miners, energy firms; NZ down
Nov 22 (Reuters) - Australian shares closed at a four-week
high on Tuesday, as a rally in oil and metal prices boosted the
mining and energy sectors.
Read more
high on Tuesday, as a rally in oil and metal prices boosted the
mining and energy sectors.
Read more
Trump says Brexiteer Farage would be a good British ambassador to U.S.
LONDON, Nov 22 (Reuters) - U.S. President-elect Donald Trump
said many people would like to see Brexit campaigner Nigel
Farage as British ambassador to Washington.
Read more
said many people would like to see Brexit campaigner Nigel
Farage as British ambassador to Washington.
Read more
Reuters Business News Schedule at 0430 GMT/00.30AM ET
BUENOS AIRES - The Trans-Pacific Partnership (TPP) would be
meaningless without U.S. participation, Japan's Prime Minister
Shinzo Abe said on Monday as U.S. President-elect Donald Trump
said he would withdraw the United States from the pan-Pacific
free trade deal. (JAPAN-TPP/ABE (UPDATE 2, PIX, TV), moved, by
Kiyoshi Takenaka, 250 words)
Read more
meaningless without U.S. participation, Japan's Prime Minister
Shinzo Abe said on Monday as U.S. President-elect Donald Trump
said he would withdraw the United States from the pan-Pacific
free trade deal. (JAPAN-TPP/ABE (UPDATE 2, PIX, TV), moved, by
Kiyoshi Takenaka, 250 words)
Read more
UPDATE 1-Oil prices hit highest since October on hopes of OPEC-led output cut
SINGAPORE, Nov 22 (Reuters) - Oil prices rose to their
highest level since late October on Tuesday as the market priced
in an expected output cut led by producer cartel OPEC, but
analysts warned that a failure to agree a cut could lead to a
depening supply glut by early 2017.
Read more
highest level since late October on Tuesday as the market priced
in an expected output cut led by producer cartel OPEC, but
analysts warned that a failure to agree a cut could lead to a
depening supply glut by early 2017.
Read more
COLUMN-Will coal price retreat be a Dunkirk or Stalingrad?: Russell
LAUNCESTON, Australia, Nov 22 (Reuters) - It may be a tad
early to call a peak in the price of thermal coal in
top-consuming region Asia, but at the very least the momentum
seems to have been lost from a commodity that has surged some
130 percent in the past 10 months.
Read more
early to call a peak in the price of thermal coal in
top-consuming region Asia, but at the very least the momentum
seems to have been lost from a commodity that has surged some
130 percent in the past 10 months.
Read more
'Surreal' that Brazil's Lula didn't know about corruption, ex-senator says
SAO PAULO, Nov 21 (Reuters) - Former Senator DelcÃdio do
Amaral described as "surreal" the notion that former President
Luiz Inácio Lula da Silva was not aware of a giant corruption
scheme active during his tenure, in testimony on Monday marking
the start of the trial against the man that ran Brazil from 2003
to 2010.
Read more
Amaral described as "surreal" the notion that former President
Luiz Inácio Lula da Silva was not aware of a giant corruption
scheme active during his tenure, in testimony on Monday marking
the start of the trial against the man that ran Brazil from 2003
to 2010.
Read more
UPDATE 5-Trump outlines plans for first day in office, meets with Cabinet hopefuls
NEW YORK/WASHINGTON, Nov 21 (Reuters) - U.S. President-elect
Donald Trump outlined plans on Monday for his first day in
office, including withdrawing from a major trade accord and
investigating abuses of work visa programs, and met with Cabinet
hopefuls at his Manhattan office tower.
Read more
Donald Trump outlined plans on Monday for his first day in
office, including withdrawing from a major trade accord and
investigating abuses of work visa programs, and met with Cabinet
hopefuls at his Manhattan office tower.
Read more
UPDATE 1-Tesoro Logistics boosts midstream business in deals worth $1.1 bln
Nov 21 (Reuters) - Tesoro Logistics LP said it
would buy some oil, natural gas and other gathering systems in
North Dakota for about $700 million, and will also acquire
terminal and storage assets from major shareholder Tesoro Corp
for about $400 million.
Read more
would buy some oil, natural gas and other gathering systems in
North Dakota for about $700 million, and will also acquire
terminal and storage assets from major shareholder Tesoro Corp
for about $400 million.
Read more
UPDATE 3-Venezuela's PDVSA delays $404 mln coupon payments on bonds-JPMorgan
CARACAS, Nov 21 (Reuters) - Venezuelan state oil company has
delayed $404 million in bond coupon payments due this month on
its 2021, 2024 and 2035 bonds, a JPMorgan report and some
bondholders said on Monday.
Read more
delayed $404 million in bond coupon payments due this month on
its 2021, 2024 and 2035 bonds, a JPMorgan report and some
bondholders said on Monday.
Read more
Trump says will quit Pacific trade deal on day one of presidency
WASHINGTON, Nov 21 (Reuters) - U.S. President-elect Donald
Trump released a video on Monday laying out actions he will take
on his first day in office on Jan. 20, including withdrawing the
United States from a Trans-Pacific Partnership trade deal.
Read more
Trump released a video on Monday laying out actions he will take
on his first day in office on Jan. 20, including withdrawing the
United States from a Trans-Pacific Partnership trade deal.
Read more
UPDATE 2-Police fire water cannon at Dakota pipeline protesters in freezing weather
(Adds statement on timeline from company)
By Chris Michaud and Stephanie Keith
NEW YORK/CANNON BALL, N.D., Nov 21 (Reuters) - Police fired
tear gas and water at hundreds of protesters in the freezing
North Dakota weather late Sunday and early Monday, in the latest
violent clash over a pipeline project running through the state.
An estimated 400 protesters mounted the Backwater Bridge
just north of Cannon Ball, North Dakota, and attempted to force
their way past police in what the
Read more
Trump's Interior Department shortlist vexes employees, green groups
WASHINGTON, Nov 21 (Reuters) - President-elect Donald
Trump's shortlist of candidates to lead the U.S. Department of
Interior has employees and environmental advocates fearful of a
shift in the agency's direction, from one focused on preserving
public lands to one that would open them up to more drilling and
mining.
Read more
Trump's shortlist of candidates to lead the U.S. Department of
Interior has employees and environmental advocates fearful of a
shift in the agency's direction, from one focused on preserving
public lands to one that would open them up to more drilling and
mining.
Read more
UPDATE 5-Canada speeds up plan to phase out coal power, targets 2030
TORONTO, Nov 21 (Reuters) - Canada will speed up plans to
virtually eliminate traditional coal-fired electricity by 2030,
the government said on Monday, a stance contrasting sharply with
that of U.S. President-elect Donald Trump, who has pledged to
revive the sector.
Read more
virtually eliminate traditional coal-fired electricity by 2030,
the government said on Monday, a stance contrasting sharply with
that of U.S. President-elect Donald Trump, who has pledged to
revive the sector.
Read more
Brazil's Temer keeps minister despite allegations - spokesman
BRASILIA, Nov 21 (Reuters) - President Michel Temer has
decided his minister in charge of relations with Congress will
continue in his post despite allegations he pressed another
cabinet member to allow a luxury building in a historic
preservation area, a spokesman said on Monday.
Read more
decided his minister in charge of relations with Congress will
continue in his post despite allegations he pressed another
cabinet member to allow a luxury building in a historic
preservation area, a spokesman said on Monday.
Read more
UPDATE 2-Energy Transfer MLPs Sunoco Logistics and ETP to combine
Nov 21 (Reuters) - Pipeline companies Sunoco Logistics
Partners LP and Energy Transfer Partners (ETP),
both of which are controlled by general partner Energy Transfer
Equity LP, said on Monday they would combine in a
corporate consolidation to cut borrowing and operating costs.
Read more
Partners LP and Energy Transfer Partners (ETP),
both of which are controlled by general partner Energy Transfer
Equity LP, said on Monday they would combine in a
corporate consolidation to cut borrowing and operating costs.
Read more
Police fire water cannon at Dakota pipeline protesters in freezing weather
NEW YORK/CANNON BALL, N.D., Nov 21 (Reuters) - Police fired
tear gas and water at hundreds of protesters in North Dakota
opposed to an oil pipeline in freezing weather late Sunday and
early Monday, in the latest violent clash between law
enforcement and activists over the $3.7 billion project.
Read more
tear gas and water at hundreds of protesters in North Dakota
opposed to an oil pipeline in freezing weather late Sunday and
early Monday, in the latest violent clash between law
enforcement and activists over the $3.7 billion project.
Read more
CANADA STOCKS-TSX gains with energy stocks as oil surges
TORONTO, Nov 21 (Reuters) - Canada's energy sector gave its
main stock index a boost on Monday, bolstered by a rally in
crude oil prices ahead of an OPEC meeting next week.
Read more
main stock index a boost on Monday, bolstered by a rally in
crude oil prices ahead of an OPEC meeting next week.
Read more
UPDATE 1-Elliott asks Marathon Petroleum to consider breaking up company
Nov 21 (Reuters) - Hedge fund Elliott Management, which owns
about 4 percent of Marathon Petroleum Corp, urged the
refiner to conduct a strategic review and consider splitting
into three businesses.
Read more
about 4 percent of Marathon Petroleum Corp, urged the
refiner to conduct a strategic review and consider splitting
into three businesses.
Read more
COLUMN-As OPEC looms, hedge funds more cautious on oil: Kemp
LONDON, Nov 21 (Reuters) - Hedge funds have taken a more
cautious stance on oil prices amid a flurry of diplomatic
activity aimed at securing a production-limiting deal among OPEC
members by the end of the month.
Read more
cautious stance on oil prices amid a flurry of diplomatic
activity aimed at securing a production-limiting deal among OPEC
members by the end of the month.
Read more
Elliott asks Marathon Petroleum to consider splitting into three
Nov 21 (Reuters) - Hedge fund Elliott Management, which owns
about 4 percent of Marathon Petroleum Corp, urged the
company to conduct a strategic review and consider splitting
into three businesses.
Read more
about 4 percent of Marathon Petroleum Corp, urged the
company to conduct a strategic review and consider splitting
into three businesses.
Read more
MIDEAST STOCKS-Saudi sags on profit taking, Egypt conquers 8-yr high as currency weakens
DUBAI, Nov 21 (Reuters) - Stock markets in the Gulf diverged
on Monday with Saudi Arabia's index cooling for a third session
as investors book profits on lofty prices while Abu Dhabi
rebounded slightly.
Read more
on Monday with Saudi Arabia's index cooling for a third session
as investors book profits on lofty prices while Abu Dhabi
rebounded slightly.
Read more
UPDATE 1-Rowan, Saudi Aramco to form JV to operate offshore drilling rigs
Nov 21 (Reuters) - Rowan Companies Plc said it was
forming a joint venture with Saudi Arabian state oil giant Saudi
Aramco to operate offshore drilling rigs in the country.
Read more
forming a joint venture with Saudi Arabian state oil giant Saudi
Aramco to operate offshore drilling rigs in the country.
Read more
UPDATE 2-Nigerian recession deepens, oil output falls worsen dollar shortage
* Central bank to decide interest rates on Tuesday
(Adds details, analyst quotes, bullet points)
Read more
(Adds details, analyst quotes, bullet points)
Read more
Northern Europe set for colder than normal Dec-Feb - The Weather Company
LONDON, Nov 21 (Reuters) - Northern Europe is expected to
experience colder than normal temperatures from December to
February, the Weather Company said on Monday.
Read more
experience colder than normal temperatures from December to
February, the Weather Company said on Monday.
Read more
UPDATE 1-Iraq to make suggestions to facilitate OPEC supply cut agreement
BAGHDAD, Nov 21 (Reuters) - Iraq's oil minister Jabar Ali
al-Luaibi will make suggestions at a meeting of OPEC oil
ministers at the end of the month to implement an agreement to
restrain crude supply in order to push up prices, according to a
statement from his ministry on Monday.
Read more
al-Luaibi will make suggestions at a meeting of OPEC oil
ministers at the end of the month to implement an agreement to
restrain crude supply in order to push up prices, according to a
statement from his ministry on Monday.
Read more
Sunday, November 20, 2016
Asia Development Bank to lend Bangladesh $167 mln to boost gas industry
DHAKA, Nov 21 (Reuters) - The Asian Development Bank said on
Monday it will provide a $167 million loan to Bangladesh to
boost natural gas production and expand transmission
infrastructure, part of a development project valued at $453
million in total.
Read more
Monday it will provide a $167 million loan to Bangladesh to
boost natural gas production and expand transmission
infrastructure, part of a development project valued at $453
million in total.
Read more
UPDATE 1-Police clash with North Dakota pipeline protesters, arrest one
Nov 20 (Reuters) - Hundreds of protesters opposed to a North
Dakota oil pipeline project they say threatens water resources
and sacred tribal lands clashed with police who fired tear gas
at the scene of a similar confrontation last month, officials
said.
Read more
Dakota oil pipeline project they say threatens water resources
and sacred tribal lands clashed with police who fired tear gas
at the scene of a similar confrontation last month, officials
said.
Read more
Iraq to offer three proposals to implement OPEC production cut- WSJ
Nov 20 (Reuters) - Iraq will offer three new proposal at the
upcoming OPEC meeting in Vienna to implement oil output cut, the
Wall Street Journal reported on Sunday, citing Iraqi Oil
Minister Jabbar Ali al-Luaibi.
Read more
upcoming OPEC meeting in Vienna to implement oil output cut, the
Wall Street Journal reported on Sunday, citing Iraqi Oil
Minister Jabbar Ali al-Luaibi.
Read more
Putin said Rosneft stake sale on the track despite minister's arrest
LIMA, Nov 20 (Reuters) - A criminal case against Russia's
former Economy Minister Alexei Ulyukayev has no impact on
ongoing privatisation deals, including the stake sale in oil
firm Rosneft, Russian President Vladimir Putin said on
Sunday.
Read more
former Economy Minister Alexei Ulyukayev has no impact on
ongoing privatisation deals, including the stake sale in oil
firm Rosneft, Russian President Vladimir Putin said on
Sunday.
Read more
Oil prices climb on expectation of OPEC-led output cut
SINGAPORE, Nov 21 (Reuters) - Oil prices rose around 1
percent on Monday as producer cartel OPEC moved closer to an
output cut to rein oversupply that has kept prices low for over
two years.
Read more
percent on Monday as producer cartel OPEC moved closer to an
output cut to rein oversupply that has kept prices low for over
two years.
Read more
Russia's Putin sees no difficulties for Moscow to freeze oil output
LIMA, Nov 20 (Reuters) - Russia is ready to freeze its oil
output - among the world's highest - at current level as there
would be no problems for Moscow to do so, Russian President
Vladimir Putin said on Sunday.
Read more
output - among the world's highest - at current level as there
would be no problems for Moscow to do so, Russian President
Vladimir Putin said on Sunday.
Read more
UPDATE 2-Strong quake hits near Argentina, Chile border, no damage reported
SANTIAGO, Nov 20 (Reuters) - A strong quake hit western
Argentina, shaking buildings as far away as Santiago, the
capital of neighboring Chile, though there were no reports of
damage to people, infrastructure or basic services.
Read more
Argentina, shaking buildings as far away as Santiago, the
capital of neighboring Chile, though there were no reports of
damage to people, infrastructure or basic services.
Read more
UPDATE 1-Obama, Putin about Syria and Ukraine in quick summit meet
LIMA, Nov 20 (Reuters) - U.S. President Barack Obama and his
Russian counterpart Vladimir Putin spoke for around four minutes
on Sunday at the APEC summit about Syria and Ukraine, in what is
likely to be their last in-person meeting before Obama leaves
office.
Read more
Russian counterpart Vladimir Putin spoke for around four minutes
on Sunday at the APEC summit about Syria and Ukraine, in what is
likely to be their last in-person meeting before Obama leaves
office.
Read more
Obama and Putin speak at APEC summit in Lima
LIMA, Nov 20 (Reuters) - U.S. President Barack Obama and
Russian President Vladimir Putin spoke to each other at the APEC
summit in Peru's capital Lima on Sunday, before greeting other
Asia-Pacific leaders and sitting down for a meeting.
(Reporting by Jeff Mason, editing by Louise Heavens)
Read more
Russian President Vladimir Putin spoke to each other at the APEC
summit in Peru's capital Lima on Sunday, before greeting other
Asia-Pacific leaders and sitting down for a meeting.
(Reporting by Jeff Mason, editing by Louise Heavens)
Read more
Saturday, November 19, 2016
Tidal power developers bet on sea change in Indonesia renewables sector
JAKARTA, Nov 20 (Reuters) - A well-connected Indonesian
marine renewable energy company and OpenHydro, a unit of French
state-owned naval defence company DCNS, aim to be the first to
plug into the vast untapped tidal energy potential of the
world's biggest archipelago.
Read more
marine renewable energy company and OpenHydro, a unit of French
state-owned naval defence company DCNS, aim to be the first to
plug into the vast untapped tidal energy potential of the
world's biggest archipelago.
Read more
UPDATE 2-China's Xi calls for 'smooth transition' in relationship with U.S.
LIMA, Nov 19 (Reuters) - Chinese President Xi Jinping on
Saturday called for a "smooth transition" in Beijing's
relationship with Washington and praised outgoing President
Barack Obama for strengthening ties between the two nations.
Read more
Saturday called for a "smooth transition" in Beijing's
relationship with Washington and praised outgoing President
Barack Obama for strengthening ties between the two nations.
Read more
Freeport Indonesia appoints former air force official as new chief
JAKARTA, Nov 20 (Reuters) - Indonesia's biggest copper miner
PT Freeport Indonesia has appointed former Indonesian air force
chief of staff Chappy Hakim as its new chief executive, company
spokesman said on Sunday.
Read more
PT Freeport Indonesia has appointed former Indonesian air force
chief of staff Chappy Hakim as its new chief executive, company
spokesman said on Sunday.
Read more
UPDATE 1-EXPERT VIEWS-Foundations laid to roll out Paris accord but poor short-changed
MARRAKESH, Morocco, Nov 19 (Thomson Reuters Foundation) -
G overnments have plenty of unfinished business to hammer out a
rule book for the new Paris Agreement on climate change by 2018,
experts said as U.N. negotiations wound up early on Saturday.
Read more
G overnments have plenty of unfinished business to hammer out a
rule book for the new Paris Agreement on climate change by 2018,
experts said as U.N. negotiations wound up early on Saturday.
Read more
Iraq's exports from Kirkuk fields drop on power outages - official
KIRKUK, Iraq, Nov 19 (Reuters) - Iraq's exports from the
Kirkuk oil field through an export pipeline to Turkey have
dropped because of power outages, an official at state-run North
Oil Co. said on Saturday.
Read more
Kirkuk oil field through an export pipeline to Turkey have
dropped because of power outages, an official at state-run North
Oil Co. said on Saturday.
Read more
China's Sinochem boss dismisses 'crazy' Trump polices
LIMA, Nov 18 (Reuters) - Global business leaders meeting in
Lima think proposals by U.S. President-elect Donald Trump to
build a wall along the Mexican border and hike tariffs on
Chinese imports are unlikely to happen, said the head of China's
state-run Sinochem on Friday.
Read more
Lima think proposals by U.S. President-elect Donald Trump to
build a wall along the Mexican border and hike tariffs on
Chinese imports are unlikely to happen, said the head of China's
state-run Sinochem on Friday.
Read more
Friday, November 18, 2016
Under Trump shadow, climate talks set 2018 deadline to agree rules
MARRAKESH, Morocco, Nov 19 (Reuters) - Nearly 200 nations
agreed around midnight on Friday to work out the rules for a
landmark 2015 global deal to tackle climate change within two
years in a new sign of international support for a pact opposed
by U.S. President-elect Donald Trump.
Read more
agreed around midnight on Friday to work out the rules for a
landmark 2015 global deal to tackle climate change within two
years in a new sign of international support for a pact opposed
by U.S. President-elect Donald Trump.
Read more
EXPERT VIEWS-Foundations laid to roll out Paris accord but poor short-changed
MARRAKESH, Morocco, Nov 19 (Thomson Reuters Foundation) -
G overnments have plenty of unfinished business to hammer out a
rulebook for the new Paris Agreement on climate change by 2018,
experts said as U.N. negotiations wound up early on Saturday.
Read more
G overnments have plenty of unfinished business to hammer out a
rulebook for the new Paris Agreement on climate change by 2018,
experts said as U.N. negotiations wound up early on Saturday.
Read more
First blizzard of U.S. season moves into upper Midwest
Nov 18 (Reuters) - The season's first major winter storm in
the continental United States swept the northern Plains with
heavy snow and high winds on Friday, creating blizzard
conditions in parts of South Dakota and Minnesota.
Read more
the continental United States swept the northern Plains with
heavy snow and high winds on Friday, creating blizzard
conditions in parts of South Dakota and Minnesota.
Read more
CANADA STOCKS-TSX ends strong week up, led by energy and bank stocks
TORONTO, Nov 18 (Reuters) - Canada's main stock index rose
on Friday, closing out a strong week with boosts from energy and
banking stocks as oil prices moved higher and investors reacted
to rising bond yields.
Read more
on Friday, closing out a strong week with boosts from energy and
banking stocks as oil prices moved higher and investors reacted
to rising bond yields.
Read more
Argentina to remove subsidies for local oil production -sources
BUENOS AIRES, Nov 18 (Reuters) - Argentina's government will
eliminate subsidies to the country's oil producers in the coming
weeks, resulting in a 25 percent to 30 percent drop in the local
value of crude, industry sources said on Friday.
Read more
eliminate subsidies to the country's oil producers in the coming
weeks, resulting in a 25 percent to 30 percent drop in the local
value of crude, industry sources said on Friday.
Read more
UPDATE 1-Obama administration bars new oil exploration in Arctic waters
WASHINGTON, Nov 18 (Reuters) - The Obama administration on
Friday blocked new exploration for oil and gas in Arctic waters,
in a win for environmental groups that had fought development of
the ecologically fragile region.
Read more
Friday blocked new exploration for oil and gas in Arctic waters,
in a win for environmental groups that had fought development of
the ecologically fragile region.
Read more
U.S. drillers this week add most oil rigs in 16 mths -Baker Hughes
Nov 18 (Reuters) - U.S. oil companies added 19 drilling rigs
this week, the biggest hike since July 2015, as shale producers
cautiously redeploy cash amid OPEC's plans to curb production
and after Donald Trump's presidential election victory.
Drillers added 19 oil rigs in the week to Nov. 18, bringing
the total count up to 471, the most since January, but still
below the 564 rigs seen a year ago, energy services firm Baker
Hughes Inc said on Friday.
Since U.S. crud
Read more
this week, the biggest hike since July 2015, as shale producers
cautiously redeploy cash amid OPEC's plans to curb production
and after Donald Trump's presidential election victory.
Drillers added 19 oil rigs in the week to Nov. 18, bringing
the total count up to 471, the most since January, but still
below the 564 rigs seen a year ago, energy services firm Baker
Hughes Inc said on Friday.
Since U.S. crud
Read more
Petrobras could get back 5.5 bln reais in corruption probe -CEO
SAO PAULO, Nov 18 (Reuters) - Brazilian state-controlled oil
company Petróleo Brasileiro SA could receive up to
5.5 billion reais ($1.6 billion) back as a result of an ongoing
corruption probe, Chief Executive Officer Pedro Parente said on
Friday.
Read more
company Petróleo Brasileiro SA could receive up to
5.5 billion reais ($1.6 billion) back as a result of an ongoing
corruption probe, Chief Executive Officer Pedro Parente said on
Friday.
Read more
CANADA STOCKS-TSX little changed after big weekly gain; energy stocks up
TORONTO, Nov 18 (Reuters) - Canada's main stock index was
little changed in morning trade on Friday, pausing after a sharp
rise this week, as gains for energy stocks were somewhat offset
by losses among miners.
Read more
little changed in morning trade on Friday, pausing after a sharp
rise this week, as gains for energy stocks were somewhat offset
by losses among miners.
Read more
UPDATE 1-Minister's arrest leaves Russian officials asking: Who's next?
* Senior officials fear a wider purge
(Adds quote from Investigative Committee statement in paragraph
6)
Read more
(Adds quote from Investigative Committee statement in paragraph
6)
Read more
Global climate change accord seen slowed, not halted, by Trump
MARRAKESH, Morocco, Nov 18 (Reuters) - President-elect
Donald Trump's plan to quit a landmark 2015 accord to fight
climate change is likely to dent rather than derail the pact,
with almost 200 governments defiantly saying this week that a
trend towards cleaner energy is irreversible.
Read more
Donald Trump's plan to quit a landmark 2015 accord to fight
climate change is likely to dent rather than derail the pact,
with almost 200 governments defiantly saying this week that a
trend towards cleaner energy is irreversible.
Read more
UPDATE 1-Brazilian judge to hear criminal charges for Samarco dam disaster
BRASILIA, Nov 18 (Reuters) - A federal judge in Brazil has
agreed to hear a criminal case brought by prosecutors against
four companies and 22 employees for a burst tailings dam at the
Samarco mine last November, according to a court document seen
by Reuters on Friday.
Read more
agreed to hear a criminal case brought by prosecutors against
four companies and 22 employees for a burst tailings dam at the
Samarco mine last November, according to a court document seen
by Reuters on Friday.
Read more
Interpol drops arrest warrant for MOL's chief
ZAGREB, Nov 18 (Reuters) - An international arrest warrant
has not been renewed for the head of Hungary's MOL who
is accused in Croatia of bribery, the Hungarian oil and gas firm
said on Friday.
Read more
has not been renewed for the head of Hungary's MOL who
is accused in Croatia of bribery, the Hungarian oil and gas firm
said on Friday.
Read more
Minister's arrests leaves Russian officials asking: Who's next?
MOSCOW, Nov 18 (Reuters) - The arrest of Russia's economy
minister on bribery charges has sown fear across the Moscow
political elite that a wider purge may be coming of other senior
officials.
Read more
minister on bribery charges has sown fear across the Moscow
political elite that a wider purge may be coming of other senior
officials.
Read more
Eni signs off on plans for Mozambique gas development
MILAN, Nov 18 (Reuters) - Eni on Friday finalised
plans to develop Mozambique's Coral South offshore gas project,
part of a larger scheme that will see Italy's top energy company
and partners spend an estimated $50 billion.
Read more
plans to develop Mozambique's Coral South offshore gas project,
part of a larger scheme that will see Italy's top energy company
and partners spend an estimated $50 billion.
Read more
Third former energy minister charged in Bulgaria over nuclear project
SOFIA, Nov 18 (Reuters) - Bulgarian prosecutors charged
former energy minister Delyan Dobrev on Friday with failing to
take steps to stop payments to a consultancy engaged with a
now-cancelled nuclear power project.
Read more
former energy minister Delyan Dobrev on Friday with failing to
take steps to stop payments to a consultancy engaged with a
now-cancelled nuclear power project.
Read more
U.S. says concerned by deaths of Nigerian Shi'ites in clash with police
LAGOS, Nov 18 (Reuters) - The United States on Friday said
it was concerned by the deaths of Nigerians in clashes between
Shi'ite Muslims and police earlier this week and what it called
the apparently disproportionate response of the police in the
violence.
Read more
it was concerned by the deaths of Nigerians in clashes between
Shi'ite Muslims and police earlier this week and what it called
the apparently disproportionate response of the police in the
violence.
Read more
European shares waver as dollar strength hits miners, props carmakers
MILAN, Nov 18 (Reuters) - European shares wavered on Friday,
with a strong dollar hitting miners but helping export-oriented
auto stocks, while Volkswagen was further boosted after it stuck
a deal to cut thousands of jobs.
Read more
with a strong dollar hitting miners but helping export-oriented
auto stocks, while Volkswagen was further boosted after it stuck
a deal to cut thousands of jobs.
Read more
Vestas considers buying Chinese United Power - report
COPENHAGEN, Nov 18 (Reuters) - Danish wind turbine maker
Vestas is looking at buying Chinese competitor United
Power, Finans.dk. reported on Friday.
Read more
Vestas is looking at buying Chinese competitor United
Power, Finans.dk. reported on Friday.
Read more
Japan's nuclear export ambitions hit wall as Vietnam set to rip up reactor order
TOKYO/HANOI, Nov 18 (Reuters) - Vietnam is poised to abandon
plans for Japanese firms to build a multi-billion dollar nuclear
power plant, damaging Prime Minister Shinzo Abe's drive to begin
exporting reactors after the Fukushima disaster left the
industry in deep-freeze at home.
Read more
plans for Japanese firms to build a multi-billion dollar nuclear
power plant, damaging Prime Minister Shinzo Abe's drive to begin
exporting reactors after the Fukushima disaster left the
industry in deep-freeze at home.
Read more
Thursday, November 17, 2016
UPDATE 1-Investors flood U.S. stock ETFs with most cash ever on Trump win -Lipper
(Recasts; Adds data on mutual funds and ETFs, analyst quote,
table, byline)
By Trevor Hunnicutt
NEW YORK, Nov 17 (Reuters) - Investors turned on a dime
after Donald Trump's surprise victory as U.S. president,
showering the most money on U.S.-based stock exchange-traded
funds ever during the latest week, Lipper data showed on
Thursday.
The cash movements over the seven days through Wednesday
marked a drastic turnaround of the major trends in fund
investing this year, with a move ba
Read more
UPDATE 1-Investors flood U.S. stock ETFs with most cash ever on Trump win -Lipper
(Recasts; Adds data on mutual funds and ETFs, analyst quote,
table, byline)
By Trevor Hunnicutt
NEW YORK, Nov 17 (Reuters) - Investors turned on a dime
after Donald Trump's surprise victory as U.S. president,
showering the most money on U.S.-based stock exchange-traded
funds ever during the latest week, Lipper data showed on
Thursday.
The cash movements over the seven days through Wednesday
marked a drastic turnaround of the major trends in fund
investing this year, with a move ba
Read more
UPDATE 2-U.S. Army proposes regulatory change, a new Dakota pipeline delay
WASHINGTON, Nov 17 (Reuters) - The U.S. Army plans to issue
a new rule to improve consultations with Indian tribes for
permitting decisions, a move that could delay the completion of
the Dakota Access Pipeline, according to a notice posted
Thursday on a White House website.
Read more
a new rule to improve consultations with Indian tribes for
permitting decisions, a move that could delay the completion of
the Dakota Access Pipeline, according to a notice posted
Thursday on a White House website.
Read more
UPDATE 1-Investors flood U.S. stock ETFs with most cash ever on Trump win -Lipper
(Recasts; Adds data on mutual funds and ETFs, analyst quote,
table, byline)
By Trevor Hunnicutt
NEW YORK, Nov 17 (Reuters) - Investors turned on a dime
after Donald Trump's surprise victory as U.S. president,
showering the most money on U.S.-based stock exchange-traded
funds ever during the latest week, Lipper data showed on
Thursday.
The cash movements over the seven days through Wednesday
marked a drastic turnaround of the major trends in fund
investing this year, with a move ba
Read more
In Tesoro's buy of Western Refining, a bet on Texas
NEW YORK, Nov 17 (Reuters) - U.S. oil refiner Tesoro Corp's
$4.1 billion purchase of Western Refining Inc is
a bet on many things, but above all it may be a bet on Texas.
Read more
$4.1 billion purchase of Western Refining Inc is
a bet on many things, but above all it may be a bet on Texas.
Read more
UPDATE 2-Tesla's Musk closes SolarCity deal, more challenges lie ahead
LOS ANGELES, Nov 17 (Reuters) - Tesla Motors Inc
Chief Executive Elon Musk won approval on Thursday from the
electric luxury automaker's shareholders for an acquisition of
SolarCity Corp, the solar energy system installer in
which he is the largest shareholder.
Read more
Chief Executive Elon Musk won approval on Thursday from the
electric luxury automaker's shareholders for an acquisition of
SolarCity Corp, the solar energy system installer in
which he is the largest shareholder.
Read more
West Virginia regulator sues Alpha Natural on fraud allegations
CHICAGO, Nov 17 (Reuters) - West Virginia's environmental
regulator sued Alpha Natural Resources Inc's former management
on allegations of fraud on Wednesday, saying top executives
should be held accountable for an unusual $100 million funding
gap that has emerged just three months after the U.S. coal
producer exited bankruptcy.
Read more
regulator sued Alpha Natural Resources Inc's former management
on allegations of fraud on Wednesday, saying top executives
should be held accountable for an unusual $100 million funding
gap that has emerged just three months after the U.S. coal
producer exited bankruptcy.
Read more
Nations reaffirm support for global climate deal after Trump win
MARRAKESH, Morocco, Nov 17 (Reuters) - Almost 200 nations
reaffirmed backing on Thursday for a 2015 global deal to fight
climate change at talks overshadowed by worries that U.S.
President elect Donald Trump will pull out of the agreement.
Read more
reaffirmed backing on Thursday for a 2015 global deal to fight
climate change at talks overshadowed by worries that U.S.
President elect Donald Trump will pull out of the agreement.
Read more
UPDATE 1-Trump fears push nations at Morocco talks to declare climate deal an "urgent duty"
MARRAKESH, Morocco, Nov 17 (Reuters) - Fears that U.S.
President-elect Donald Trump will pull out of the 2015 Paris
Agreement to limit global warming pushed almost 200 nations at
climate talks in Morocco on Thursday to declare the deal an
"urgent duty".
Read more
President-elect Donald Trump will pull out of the 2015 Paris
Agreement to limit global warming pushed almost 200 nations at
climate talks in Morocco on Thursday to declare the deal an
"urgent duty".
Read more
Britain's FTSE rises, though Royal Mail lags after results
LONDON, Nov 17 (Reuters) - British shares rose on Thursday,
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
UPDATE 1-Nigeria reaches a deal to pay $5.1 billion in unpaid bills to oil majors - minister
ABUJA, Nov 17 (Reuters) - Nigeria has reached a deal to pay
$5.1 billion in unpaid bills to oil majors including Royal Dutch
Shell and Exxon Mobil, the minister of state
for oil said on Thursday.
Read more
$5.1 billion in unpaid bills to oil majors including Royal Dutch
Shell and Exxon Mobil, the minister of state
for oil said on Thursday.
Read more
CANADA-STOCKS-TSX rises with banks, Suncor; Valeant slumps on arrests
TORONTO, Nov 17 (Reuters) - Canada's main stock index gained
on Thursday in a broad rally led by heavyweight resource and
financial stocks, as crude prices rose and the country's largest
oil and gas company forecast higher production and lower costs
in 2017.
Read more
on Thursday in a broad rally led by heavyweight resource and
financial stocks, as crude prices rose and the country's largest
oil and gas company forecast higher production and lower costs
in 2017.
Read more
UPDATE 7-Oil rises on optimism over OPEC deal; stronger dollar caps gains
* U.S. delivery hub Cushing stockpiles up 303,001 bbls
-Genscape
(Updates market activity, adds comments to U.S. session,
changes byline and previous LONDON dateline)
Read more
-Genscape
(Updates market activity, adds comments to U.S. session,
changes byline and previous LONDON dateline)
Read more
UPDATE 6-Oil prices rise on Saudi optimism over OPEC deal
* U.S. crude stocks up 5.3 mln barrels - more than expected
(Updates prices in paragraph 5)
Read more
(Updates prices in paragraph 5)
Read more
UPDATE 1-Dakota Access pipeline to be completed despite protests, company official tells PBS
NEW YORK, Nov 17 (Reuters) - The company behind the
controversial Dakota Access crude pipeline will seek to complete
the project even if protests against its construction continue,
its chief executive told the PBS NewsHour television news
program late on Wednesday.
Read more
controversial Dakota Access crude pipeline will seek to complete
the project even if protests against its construction continue,
its chief executive told the PBS NewsHour television news
program late on Wednesday.
Read more
UPDATE 1-Saudi Arabia boosts Sept oil exports to 7.81 mln bpd -JODI
BEIRUT, Nov 17 (Reuters) - Saudi Arabia's crude oil exports
rose to 7.812 million barrels per day (bpd) in September as the
world's top oil exporter increased shipments by 507,000 bpd
versus August, official data showed on Thursday.
Read more
rose to 7.812 million barrels per day (bpd) in September as the
world's top oil exporter increased shipments by 507,000 bpd
versus August, official data showed on Thursday.
Read more
RPT-Tesla's SolarCity vote comes as rooftop solar growth hits the brakes
Nov 16 (Reuters) - The rooftop solar industry has slowed
sharply this year as the sector moved from one of scrappy
upstarts to a mature business.
Read more
sharply this year as the sector moved from one of scrappy
upstarts to a mature business.
Read more
Bulgarian ex-energy minister charged over nuclear project
SOFIA, Nov 17 (Reuters) - Bulgarian prosecutors charged
former economy and energy minister Rumen Ovcharov on Thursday
over state losses of more than 190 million euros ($204 million)
related to a cancelled nuclear power project with Russia's
Atomstroyexport.
Read more
former economy and energy minister Rumen Ovcharov on Thursday
over state losses of more than 190 million euros ($204 million)
related to a cancelled nuclear power project with Russia's
Atomstroyexport.
Read more
UPDATE 3-Oil steady as oversupply tempers hopes of OPEC deal
* U.S. crude stocks up 5.3 mln barrels, more than expected
(Updates throughout, changes dateline, previous SINGAPORE)
Read more
(Updates throughout, changes dateline, previous SINGAPORE)
Read more
Coal: After the surge, how low can it go?
SINGAPORE, Nov 17 (Reuters) - A wave that has lifted some
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
UPDATE 1-KazMunaiGas EP's nine-month profit drops after one-off gain last year
* Kazakhstan's third biggest oil producer KazMunaiGas
Exploration and Production (KMG EP) reported
a 45 percent drop in nine-month net profit on Thursday, citing a
one-off gain in the same period last year from the sharp
depreciation in the tenge currency.
Read more
Exploration and Production (KMG EP) reported
a 45 percent drop in nine-month net profit on Thursday, citing a
one-off gain in the same period last year from the sharp
depreciation in the tenge currency.
Read more
Coal: After the surge, how low can it go?
SINGAPORE, Nov 17 (Reuters) - A wave that has lifted some
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
Wednesday, November 16, 2016
UPDATE 2-Freeport closes Congo mine sale; Trump appointees keenly awaited
LIMA/TORONTO, Nov 16 (Reuters) - Freeport-McMoRan Inc
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
Coal: After the surge, how low can it go?
SINGAPORE, Nov 17 (Reuters) - A wave that has lifted some
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
Oil prices fall on U.S. crude stock build, OPEC remains in focus
SINGAPORE, Nov 17 (Reuters) - Crude oil futures dropped on
Thursday after official inventory reports indicated a
larger-than-expected build in U.S. oil stocks.
Read more
Thursday after official inventory reports indicated a
larger-than-expected build in U.S. oil stocks.
Read more
UPDATE 2-Freeport closes Congo mine sale; Trump appointees keenly awaited
LIMA/TORONTO, Nov 16 (Reuters) - Freeport-McMoRan Inc
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
RPT-COLUMN-Trump's empty threat to stop buying Saudi oil: Kemp
LONDON, Nov 16 (Reuters) - President-elect Donald Trump is
very unlikely to restrict imports of crude oil from Saudi Arabia
despite threats to do so issued during the election campaign.
Read more
very unlikely to restrict imports of crude oil from Saudi Arabia
despite threats to do so issued during the election campaign.
Read more
Oil prices fall on U.S. crude stock build, OPEC remains in focus
SINGAPORE, Nov 17 (Reuters) - Crude oil futures dropped on
Thursday after official inventory reports indicated a
larger-than-expected build in U.S. oil stocks.
Read more
Thursday after official inventory reports indicated a
larger-than-expected build in U.S. oil stocks.
Read more
RPT-COLUMN-Trump's empty threat to stop buying Saudi oil: Kemp
LONDON, Nov 16 (Reuters) - President-elect Donald Trump is
very unlikely to restrict imports of crude oil from Saudi Arabia
despite threats to do so issued during the election campaign.
Read more
very unlikely to restrict imports of crude oil from Saudi Arabia
despite threats to do so issued during the election campaign.
Read more
Oil prices fall on U.S. crude stock build, OPEC remains in focus
SINGAPORE, Nov 17 (Reuters) - Crude oil futures dropped on
Thursday after official inventory reports indicated a
larger-than-expected build in U.S. oil stocks.
Read more
Thursday after official inventory reports indicated a
larger-than-expected build in U.S. oil stocks.
Read more
Top banks' 9-month commodities revenue down 22 pct - report
LONDON, Nov 17 (Reuters) - Commodities-related revenue at
the 12 biggest investment banks fell 22 percent in the first
nine months due to weak industrial metals trading and lacklustre
investor interest, a report by financial industry analytics firm
Coalition said.
Read more
the 12 biggest investment banks fell 22 percent in the first
nine months due to weak industrial metals trading and lacklustre
investor interest, a report by financial industry analytics firm
Coalition said.
Read more
Anglo American suspending operations at Chile-based Los Bronces Copper Mine
SANTIAGO, Nov 16 (Reuters) - Anglo American said on
Wednesday it was suspending all operations at its Los Bronces
copper mine in central Chile after protesters seized
installations at the mine earlier in the day.
Read more
Wednesday it was suspending all operations at its Los Bronces
copper mine in central Chile after protesters seized
installations at the mine earlier in the day.
Read more
Venezuela congress declares Ramirez responsible for PDVSA graft
CARACAS, Nov 16 (Reuters) - Venezuela's opposition-led
National Assembly on Wednesday declared former PDVSA
President Rafael Ramirez "politically responsible" for what it
says was flagrant corruption at the state oil company during his
decade-long tenure.
Read more
National Assembly on Wednesday declared former PDVSA
President Rafael Ramirez "politically responsible" for what it
says was flagrant corruption at the state oil company during his
decade-long tenure.
Read more
UPDATE 1-Freeport closes Congo mine sale, CEO talking to state miner
LIMA, Nov 16 (Reuters) - Freeport-McMoRan Inc said
on Wednesday it had completed the $2.65 billion sale of its
stake in the Democratic Republic of Congo's Tenke mine, as chief
executive Richard Adkerson said in an interview that he hopes
negotiations will resolve the state miner's opposition to the
deal.
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on Wednesday it had completed the $2.65 billion sale of its
stake in the Democratic Republic of Congo's Tenke mine, as chief
executive Richard Adkerson said in an interview that he hopes
negotiations will resolve the state miner's opposition to the
deal.
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First Solar to slash 1,600 jobs
Nov 16 (Reuters) - First Solar Inc, the largest
U.S. solar equipment maker, said it would slash about 1,600
jobs, or 27 percent of its global workforce, to cut costs as it
transitions to production of Series 6 modules.
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U.S. solar equipment maker, said it would slash about 1,600
jobs, or 27 percent of its global workforce, to cut costs as it
transitions to production of Series 6 modules.
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Colombia coal output up 17.6 pct in third quarter
BOGOTA, Nov 16 (Reuters) - Colombia's coal output rose 17.6
percent to 23.4 million tonnes in the third quarter, the Energy
and Mining Ministry said in a statement on Wednesday.
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percent to 23.4 million tonnes in the third quarter, the Energy
and Mining Ministry said in a statement on Wednesday.
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REUTERS SUMMIT-Eaton Vance's Gaffney looking to buy cyclical high-yield bonds
NEW YORK, Nov 16 (Reuters) - Kathleen Gaffney, co-director
of investment-grade fixed income at $343 billion investment firm
Eaton Vance, said on Wednesday that she was looking to buy
high-yield bonds in the cyclical sector after a potential
selloff and that she was bullish on high-yield energy names on
the view that oil prices would stay within a range of $45 to $60
a barrel.
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of investment-grade fixed income at $343 billion investment firm
Eaton Vance, said on Wednesday that she was looking to buy
high-yield bonds in the cyclical sector after a potential
selloff and that she was bullish on high-yield energy names on
the view that oil prices would stay within a range of $45 to $60
a barrel.
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UPDATE 1-North Dakota crude output drops to lowest since Feb, 2014
NEW YORK, Nov 16 (Reuters) - Oil production in North Dakota
dropped more than 10,000 barrels-per-day (bpd) in September, the
state Industrial Commission reported on Wednesday, citing
continued weakness in oil prices.
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dropped more than 10,000 barrels-per-day (bpd) in September, the
state Industrial Commission reported on Wednesday, citing
continued weakness in oil prices.
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UPDATE 2-Aggreko reviews N.America oil and gas fleet as revenue falls
Nov 16 (Reuters) - Aggreko Plc, the world's largest
temporary power provider, said it was reviewing the value of its
North American fleet of oil and gas rental generators after
further weakness in that market dragged down its third-quarter
underlying revenue.
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temporary power provider, said it was reviewing the value of its
North American fleet of oil and gas rental generators after
further weakness in that market dragged down its third-quarter
underlying revenue.
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UPDATE 1-Eskom director cited in South African anti-graft report resigns
JOHANNESBURG, Nov 16 (Reuters) - An Eskom board member
implicated in a probe over influence-peddling in the South
African government has left his post, the public enterprises
department said, days after the state-owned power utility's
chief executive resigned.
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implicated in a probe over influence-peddling in the South
African government has left his post, the public enterprises
department said, days after the state-owned power utility's
chief executive resigned.
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CANADA STOCKS-TSX falls as financial and resource shares decline
TORONTO, Nov 16 (Reuters) - Canada's main stock index fell
on Wednesday as the financials and materials groups lost ground,
while some losses for energy shares were pared as oil turned
higher.
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on Wednesday as the financials and materials groups lost ground,
while some losses for energy shares were pared as oil turned
higher.
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Japan's JGC, France's Technip shortlisted for Aruba refinery overhaul -sources
CARACAS/HOUSTON, Nov 16 (Reuters) - Two consortia including
Japanese engineering firm JGC Corp and French oil services
company Technip have been shortlisted to undertake a roughly
$680 million overhaul of Aruba's refinery, according to three
sources close to the deal.
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Japanese engineering firm JGC Corp and French oil services
company Technip have been shortlisted to undertake a roughly
$680 million overhaul of Aruba's refinery, according to three
sources close to the deal.
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IEA expects U.S. shale output rise if OPEC pushes oil to $60
LONDON, Nov 16 (Reuters) - U.S. shale oil producers will
increase their output if oil prices hit $60 a barrel, meaning
OPEC will have to walk a fine line if it curtails production to
prop up prices, the head of the International Energy Agency
(IEA) said.
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increase their output if oil prices hit $60 a barrel, meaning
OPEC will have to walk a fine line if it curtails production to
prop up prices, the head of the International Energy Agency
(IEA) said.
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Sticking to lower 1.5C warming limit would protect world economy - UN
MARRAKESH, Morocco, Nov 16 (Thomson Reuters Foundation) -
Limiting global temperature rise to 1.5 degrees Celsius, a goal
of the Paris Agreement on climate change, would avoid economic
losses by 2050 of $12 trillion, or around 10 percent of the
world's GDP, compared to staying on the current track of at
least 3 degrees of warming, the U.N. Development Programme said
on Wednesday.
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Limiting global temperature rise to 1.5 degrees Celsius, a goal
of the Paris Agreement on climate change, would avoid economic
losses by 2050 of $12 trillion, or around 10 percent of the
world's GDP, compared to staying on the current track of at
least 3 degrees of warming, the U.N. Development Programme said
on Wednesday.
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Everything on track with Rosneft stake sale - Russian 1st deputy PM
MOSCOW, Nov 16 (Reuters) - The Russian government is
preparing to sell a 19.5 percent stake in oil firm Rosneft
and everything is going according to plan, First
Deputy Prime Minister Igor Shuvalov said on Wednesday.
(Reporting by Oksana Kobzeva; Writing by Alexander Winning;
Editing by Maria Kiselyova)
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preparing to sell a 19.5 percent stake in oil firm Rosneft
and everything is going according to plan, First
Deputy Prime Minister Igor Shuvalov said on Wednesday.
(Reporting by Oksana Kobzeva; Writing by Alexander Winning;
Editing by Maria Kiselyova)
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U.S. industrial output unchanged, utilities weigh
WASHINGTON, Nov 16 (Reuters) - U.S. industrial production
was unchanged in October, weighed down by a decline in utilities
output, data from the Federal Reserve showed on Wednesday.
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was unchanged in October, weighed down by a decline in utilities
output, data from the Federal Reserve showed on Wednesday.
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Business calls for Trump, world leaders to support Paris climate pact
MARRAKESH, Morocco, Nov 16 (Reuters) - More than 360
businesses and investors called on U.S. President-elect Donald
Trump and world leaders on Wednesday to continue to support
agreed curbs on global warming and to speed up efforts to move
to a low-carbon economy.
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businesses and investors called on U.S. President-elect Donald
Trump and world leaders on Wednesday to continue to support
agreed curbs on global warming and to speed up efforts to move
to a low-carbon economy.
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Petronas profit jumps quarter-on-quarter on lower impairment costs
KUALA LUMPUR, Nov 16 (Reuters) - Malaysian state-owned oil
firm Petroliam Nasional Bhd (Petronas) said on
Wednesday its third-quarter profit after tax rose to 6.1 billion
ringgit ($1.40 billion), a rise from 1.6 billion in the second
quarter.
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firm Petroliam Nasional Bhd (Petronas) said on
Wednesday its third-quarter profit after tax rose to 6.1 billion
ringgit ($1.40 billion), a rise from 1.6 billion in the second
quarter.
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UPDATE 2-Rolls-Royce ramps up cost savings in 'mixed' markets
LONDON, Nov 16 (Reuters) - Rolls-Royce, the British
jet engine maker battling to recover from a string of profit
warnings, said costs savings would be at the top end of its
target range this year as it responds to tough conditions in
some markets.
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jet engine maker battling to recover from a string of profit
warnings, said costs savings would be at the top end of its
target range this year as it responds to tough conditions in
some markets.
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UPDATE 1-Some OPEC ministers likely to meet in Doha on Friday - Algerian source
ALGIERS, Nov 16 (Reuters) - A number of energy ministers
from OPEC oil-producing countries are likely to meet informally
in Doha on Friday to try to build consensus over decisions taken
by the full group in September in Algiers, an Algerian energy
source said.
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from OPEC oil-producing countries are likely to meet informally
in Doha on Friday to try to build consensus over decisions taken
by the full group in September in Algiers, an Algerian energy
source said.
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For global copper miners, era of going it alone may be over
SHANGHAI, Nov 16 (Reuters) - For global copper miners
looking to develop the next big deposit, the era of going it
alone may be over.
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looking to develop the next big deposit, the era of going it
alone may be over.
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