ABUJA, Dec 31 (Reuters) - Nigeria's government will seek a
lasting peace settlement with militants in the oil-producing
southern Niger Delta region in 2017, President Muhammadu Buhari
said in a New Year's message on Saturday.
Read more
Saturday, December 31, 2016
Top China coal province vows 20 pct cut in pollution 20 pct by 2020 - Xinhua
SHANGHAI, Dec 31 (Reuters) - One of China's top
coal-producing provinces has vowed to slash its level of fine
particle pollution by one-fifth by 2020, the official Xinhua
news agency reported on Saturday, citing the provincial
government.
Read more
coal-producing provinces has vowed to slash its level of fine
particle pollution by one-fifth by 2020, the official Xinhua
news agency reported on Saturday, citing the provincial
government.
Read more
Friday, December 30, 2016
U.S. gasoline demand falls in October for first time in nearly a year -EIA
NEW YORK, Dec 30 (Reuters) - U.S. gasoline demand fell
year-over-year for the first time in 11 months in October,
according to data released on Friday by the U.S. Energy
Information Administration.
Read more
year-over-year for the first time in 11 months in October,
according to data released on Friday by the U.S. Energy
Information Administration.
Read more
Libya's U.N.-backed government, central bank to cooperate in 2017
TRIPOLI/TUNIS Dec 30 (Reuters) - Libya's Government of
National Accord (GNA) and central bank in Tripoli say they have
agreed to work together to tackle urgent economic problems in
2017, creating a potential lifeline for the U.N.-backed GNA.
Read more
National Accord (GNA) and central bank in Tripoli say they have
agreed to work together to tackle urgent economic problems in
2017, creating a potential lifeline for the U.N.-backed GNA.
Read more
U.S. oil rig count recovers to end 2016 near year-ago levels -Baker Hughes
Dec 30 (Reuters) - The U.S. oil rig count ended 2016 just
below year-ago levels as drillers added rigs this week as part
of the biggest recovery since a global oil glut crushed the
market over two years.
Drillers added two oil rigs in the week to Dec. 30, bringing
the total count up to 525, the most since December 2015 and 11
shy of the 536 rigs seen at the end of 2015, energy services
firm Baker Hughes Inc said on Friday.
Since crude prices recovered from 13-year
Read more
below year-ago levels as drillers added rigs this week as part
of the biggest recovery since a global oil glut crushed the
market over two years.
Drillers added two oil rigs in the week to Dec. 30, bringing
the total count up to 525, the most since December 2015 and 11
shy of the 536 rigs seen at the end of 2015, energy services
firm Baker Hughes Inc said on Friday.
Since crude prices recovered from 13-year
Read more
Britain's FTSE finishes 2016 in style, sets record high
LONDON, Dec 30 (Reuters) - Britain's blue-chip FTSE 100
index closed 2016 at a record high level on Friday, with
a blistering rally in mining stocks and a sharp fall in sterling
after June's shock Brexit vote boosting the market.
Read more
index closed 2016 at a record high level on Friday, with
a blistering rally in mining stocks and a sharp fall in sterling
after June's shock Brexit vote boosting the market.
Read more
Syrian forces and allies clash with rebels near Damascus - monitors, rebel official
BEIRUT, Dec 30 (Reuters) - Syrian government forces and
their allies clashed with rebels near Damascus on Friday, and
used helicopter gunships in raids in the area in the latest
violence to disrupt a nationwide ceasefire that otherwise
appeared to hold, monitors said.
Read more
their allies clashed with rebels near Damascus on Friday, and
used helicopter gunships in raids in the area in the latest
violence to disrupt a nationwide ceasefire that otherwise
appeared to hold, monitors said.
Read more
Vestas' strong 2016 finish offsets worry over Trump energy policy
COPENHAGEN, Dec 30 (Reuters) - A spate of last-minute orders
from the United States has put Danish wind turbine maker Vestas
on track for its highest contract intake in six years and eased
some investors' concerns over U.S. energy policy under the
incoming Trump administration.
Read more
from the United States has put Danish wind turbine maker Vestas
on track for its highest contract intake in six years and eased
some investors' concerns over U.S. energy policy under the
incoming Trump administration.
Read more
Britain's FTSE set to finish 2016 on strong note, Europe lags
LONDON, Dec 30 (Reuters) - Britain's blue-chip FTSE 100
index looked set for a strong finish to 2016 on Friday
after climbing to a record closing high in the previous session,
although the pan-European STOXX 600 index was set for a
slightly weaker ending.
Read more
index looked set for a strong finish to 2016 on Friday
after climbing to a record closing high in the previous session,
although the pan-European STOXX 600 index was set for a
slightly weaker ending.
Read more
Thursday, December 29, 2016
COMMODITIES-Oil, metals post stellar 2016 gains on output cuts, demand hopes
SINGAPORE, Dec 30 (Reuters) - Crude oil, rubber and metals
were set to end 2016 on Friday with strong gains, bouncing back
from several years of losses on the back of output cuts and
expectations of firmer demand.
Read more
were set to end 2016 on Friday with strong gains, bouncing back
from several years of losses on the back of output cuts and
expectations of firmer demand.
Read more
UPDATE 1-Five killed, many trapped in Indian coal mine collapse - police
BHUBANESWAR, India, Dec 30 (Reuters) - At least five Indian
miners were killed and nearly two dozen trapped when mine waste
collapsed at a mine run by state-owned Coal India Limited
, police said on Friday.
Read more
miners were killed and nearly two dozen trapped when mine waste
collapsed at a mine run by state-owned Coal India Limited
, police said on Friday.
Read more
China extends overcapacity fight to more sectors in 2017 -paper
SHANGHAI, Dec 30 (Reuters) - China will increase its targets
for capacity cuts in steel and coal in 2017, while extending its
campaign against overcapacity to industries such as cement,
glass, electrolytic aluminum and shipping, a state-run newspaper
said on Friday.
Read more
for capacity cuts in steel and coal in 2017, while extending its
campaign against overcapacity to industries such as cement,
glass, electrolytic aluminum and shipping, a state-run newspaper
said on Friday.
Read more
Serba Dinamik to list in Feb in biggest Malaysian IPO in 19 months
KUALA LUMPUR, Dec 30 (Reuters) - Malaysian engineering group
Serba Dinamik Holdings Bhd is looking to raise 584 million
ringgit ($130.29 million) in an IPO on the domestic stock
exchange in February, its CEO said, in what would be the
country's biggest listing in 19 months.
Read more
Serba Dinamik Holdings Bhd is looking to raise 584 million
ringgit ($130.29 million) in an IPO on the domestic stock
exchange in February, its CEO said, in what would be the
country's biggest listing in 19 months.
Read more
Mexico fuel price increase seen boosting sales of more efficient cars
MEXICO CITY, Dec 29 (Reuters) - An imminent jump in Mexican
gasoline prices should not reduce auto sales in the near term
but will ultimately boost the market for more fuel-efficient
cars, a leading Mexican auto industry group said on Thursday.
Read more
gasoline prices should not reduce auto sales in the near term
but will ultimately boost the market for more fuel-efficient
cars, a leading Mexican auto industry group said on Thursday.
Read more
UPDATE 1-Ecuador economy to grow 1.42 pct in 2017 -central bank
QUITO, Dec 29 (Reuters) - Ecuador's central bank expects the
Andean nation's economy to grow by 1.42 percent in 2017 with
respect to 2016, central bank manager Madeleine Abarca said in a
press conference on Thursday.
Read more
Andean nation's economy to grow by 1.42 percent in 2017 with
respect to 2016, central bank manager Madeleine Abarca said in a
press conference on Thursday.
Read more
UPDATE 2-Peabody extends debt deadline amid creditor support
WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp
said on Thursday it extended a deadline for creditors to join
financing deals aimed at bringing the largest U.S. coal miner
out of bankruptcy amid growing creditor support for its plan of
reorganization.
Read more
said on Thursday it extended a deadline for creditors to join
financing deals aimed at bringing the largest U.S. coal miner
out of bankruptcy amid growing creditor support for its plan of
reorganization.
Read more
California taps climate change attorney to be acting legal chief
SAN FRANCISCO, Dec 29 (Reuters) - A lawyer with deep
experience fighting climate change will lead California's
Department of Justice until the next attorney general takes
office, as the state and several others vow to combat global
warming despite skepticism from President-elect Donald Trump.
Read more
experience fighting climate change will lead California's
Department of Justice until the next attorney general takes
office, as the state and several others vow to combat global
warming despite skepticism from President-elect Donald Trump.
Read more
Peabody extends financing deadlines after creditor lawsuit
WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp
said on Thursday the deadline for creditors to join financing
deals aimed at bringing the largest U.S. coal miner out of
bankruptcy had been extended after large investors sued to slow
the process.
Read more
said on Thursday the deadline for creditors to join financing
deals aimed at bringing the largest U.S. coal miner out of
bankruptcy had been extended after large investors sued to slow
the process.
Read more
UPDATE 1-U.S. crude oil stocks rise, while products draw down - EIA
Dec 29 (Reuters) - U.S. crude oil stocks unexpectedly rose
last week, while gasoline and distillate product inventories
dropped, the U.S. Energy Information Administration said on
Thursday.
Read more
last week, while gasoline and distillate product inventories
dropped, the U.S. Energy Information Administration said on
Thursday.
Read more
GRAPHIC-Markets in 2016 - the winners and losers
LONDON, Dec 29 (Reuters) - Oil's plunge to its lowest in
over a decade and fears over China's economy hammered global
commodity markets and share prices earlier this year, but
investors who held their nerve will be partying the hardest this
holiday season.
Read more
over a decade and fears over China's economy hammered global
commodity markets and share prices earlier this year, but
investors who held their nerve will be partying the hardest this
holiday season.
Read more
UPDATE 1-Chairman of Russia's Ust-Luga port remanded in custody on suspected fraud
MOSCOW, Dec 29 (Reuters) - A St Petersburg court has ordered
the chairman of Russia's Baltic sea port of Ust-Luga to be held
in custody until Jan. 21 after his arrest on suspicion of fraud,
a court official said on Thursday.
Read more
the chairman of Russia's Baltic sea port of Ust-Luga to be held
in custody until Jan. 21 after his arrest on suspicion of fraud,
a court official said on Thursday.
Read more
China's diesel demand likely to rise ahead of Lunar New Year
SINGAPORE, Dec 29 (Reuters) - China's diesel demand is
likely to pick up pace ahead of the Lunar New Year as traders
stock up barrels ahead of the festivities and as construction
activity picks up in some areas, four trade sources said on
Thursday.
Read more
likely to pick up pace ahead of the Lunar New Year as traders
stock up barrels ahead of the festivities and as construction
activity picks up in some areas, four trade sources said on
Thursday.
Read more
China slashes first round of oil products export quotas - sources
* Sinopec gets about half of first batch total
* 'Teapot' refiners absent from quota list
* Traders still see 2017 quotas matching or above 2016
By Chen Aizhu and Meng Meng
BEIJING, Dec 29 (Reuters) - China has cut oil product export quotas to the
nation's four oil majors by 40 percent in the first round of licences for 2017,
according to two sources who have seen the documents, even as traders expect
allowances for overseas sales to meet or exceed this year's record levels.
Read more
* 'Teapot' refiners absent from quota list
* Traders still see 2017 quotas matching or above 2016
By Chen Aizhu and Meng Meng
BEIJING, Dec 29 (Reuters) - China has cut oil product export quotas to the
nation's four oil majors by 40 percent in the first round of licences for 2017,
according to two sources who have seen the documents, even as traders expect
allowances for overseas sales to meet or exceed this year's record levels.
Read more
Wednesday, December 28, 2016
UPDATE 2-Obama designates monuments, protects federal land in Utah, Nevada
WASHINGTON, Dec 28 (Reuters) - President Barack Obama on
Wednesday designated over 1.6 million acres of land in Utah and
Nevada as national monuments, protecting two areas rich in
Native American artifacts from mining, oil and gas drilling in
one of his final moves to protect the environment.
Read more
Wednesday designated over 1.6 million acres of land in Utah and
Nevada as national monuments, protecting two areas rich in
Native American artifacts from mining, oil and gas drilling in
one of his final moves to protect the environment.
Read more
Oil prices fall on surprise build in U.S. crude stocks
Singapore, Dec 29 (Reuters) - U.S. oil prices fell on
Thursday following a surprise build in the country's crude
stocks shown in data published by the American Petroleum
Institute (API) late on Wednesday.
Read more
Thursday following a surprise build in the country's crude
stocks shown in data published by the American Petroleum
Institute (API) late on Wednesday.
Read more
UPDATE 1-Brazil's Petrobras sells $587 mln in assets, misses two-year target
SAO PAULO, Dec 28 (Reuters) - Brazil's state-run oil
company, Petroleo Brasileiro SA, on Wednesday
announced the sale of ethanol and petrochemicals assets for $587
million, but said it would still fall $1.5 billion short of its
divestment target for the 2015-2016 period.
Read more
company, Petroleo Brasileiro SA, on Wednesday
announced the sale of ethanol and petrochemicals assets for $587
million, but said it would still fall $1.5 billion short of its
divestment target for the 2015-2016 period.
Read more
UPDATE 1-Senators ask Trump EPA chief pick to disclose energy industry ties
WASHINGTON, Dec 28 (Reuters) - Democrats on the U.S.
Senate's environment panel on Wednesday asked President-elect
Donald Trump's choice to head the Environmental Protection
Agency to disclose his ties to the energy industry ahead of his
confirmation hearing early next year.
Read more
Senate's environment panel on Wednesday asked President-elect
Donald Trump's choice to head the Environmental Protection
Agency to disclose his ties to the energy industry ahead of his
confirmation hearing early next year.
Read more
Minnesota refinery facing possible strike -union statement
Dec 28 (Reuters) - Western Refining's plant in St. Paul
Park, Minnesota could be headed for a strike at the beginning of
the year, according to a union statement on Wednesday.
Read more
Park, Minnesota could be headed for a strike at the beginning of
the year, according to a union statement on Wednesday.
Read more
Peru natgas union calls off strike after deal with Pluspetrol
LIMA, Dec 28 (Reuters) - Workers at Peru's Camisea natural
gas fields have called off a strike scheduled for Thursday after
reaching a deal on labor benefits with Argentina energy company
Pluspetrol, the union SUTRAPPEC said Wednesday.
Read more
gas fields have called off a strike scheduled for Thursday after
reaching a deal on labor benefits with Argentina energy company
Pluspetrol, the union SUTRAPPEC said Wednesday.
Read more
Senators ask Trump EPA chief pick to disclose energy industry ties
WASHINGTON, Dec 28 (Reuters) - Democrats on the U.S.
Senate's environment panel on Wednesday asked President-elect
Donald Trump's choice to head the Environmental Protection
Agency to disclose his ties to the energy industry ahead of his
confirmation hearing early next year.
Read more
Senate's environment panel on Wednesday asked President-elect
Donald Trump's choice to head the Environmental Protection
Agency to disclose his ties to the energy industry ahead of his
confirmation hearing early next year.
Read more
Court-appointed manager gets $3 bln offer for Moroccan refiner Samir
RABAT, Dec 28 (Reuters) - The court-appointed manager of
Morocco's only oil refiner, Samir, has received a $3
billion offer for the business from a foreign conglomerate, he
said on Wednesday, without naming the bidder.
Read more
Morocco's only oil refiner, Samir, has received a $3
billion offer for the business from a foreign conglomerate, he
said on Wednesday, without naming the bidder.
Read more
UPDATE 1-Egypt signs $220 mln of oil and gas deals
CAIRO, Dec 28 (Reuters) - Egyptian Oil Minister Tarek El
Molla has signed three offshore oil and gas exploration and
production deals worth a total of at least $220 million with
France's Total, Britain's BP, and Italian oil
major ENI's Egyptian subsidiary IEOC, the ministry said
on Wednesday.
Read more
Molla has signed three offshore oil and gas exploration and
production deals worth a total of at least $220 million with
France's Total, Britain's BP, and Italian oil
major ENI's Egyptian subsidiary IEOC, the ministry said
on Wednesday.
Read more
Tuesday, December 27, 2016
Oil prices edge down ahead of OPEC, non-OPEC production cuts
Seoul, Dec 28 (Reuters) - Oil prices edged down on Wednesday
in quiet early Asian trading as the market waits to see how OPEC
and non-OPEC members carry through on planned supply cuts in the
new year.
Read more
in quiet early Asian trading as the market waits to see how OPEC
and non-OPEC members carry through on planned supply cuts in the
new year.
Read more
RPT-UPDATE 1-Tata Sons accuses ex-chairman Mistry of confidentiality breach
MUMBAI, Dec 27 (Reuters) - Tata Sons on Tuesday accused its
former chairman Cyrus Mistry of breaching confidentiality rules
and said it would take legal action against him, intensifying a
battle between the conglomerate and the top executive it sacked
in October.
Read more
former chairman Cyrus Mistry of breaching confidentiality rules
and said it would take legal action against him, intensifying a
battle between the conglomerate and the top executive it sacked
in October.
Read more
UPDATE 1-Syrian opposition urges rebels to cooperate in ceasefire efforts
BEIRUT, Dec 27 (Reuters) - The Syrian opposition's main
political body on Tuesday urged rebel groups to cooperate with
"sincere regional efforts" to reach a ceasefire but said it had
not been invited to any conference, referring to a meeting in
Kazakhstan proposed by Russia.
Read more
political body on Tuesday urged rebel groups to cooperate with
"sincere regional efforts" to reach a ceasefire but said it had
not been invited to any conference, referring to a meeting in
Kazakhstan proposed by Russia.
Read more
UPDATE 1-Australia's Woolworths sells petrol chain to BP for $1.3 bln
SYDNEY, Dec 28 (Reuters) - Australian supermarket giant
Woolworths Ltd is selling its chain of petrol stations
to BP plc for A$1.8 billion ($1.29 billion) in cash,
Woolworths said in a statement on Wednesday.
Read more
Woolworths Ltd is selling its chain of petrol stations
to BP plc for A$1.8 billion ($1.29 billion) in cash,
Woolworths said in a statement on Wednesday.
Read more
Syrian opposition urges rebels to cooperate in ceasefire efforts
BEIRUT, Dec 27 (Reuters) - The Syrian opposition's main
political body on Tuesday urged rebel groups to cooperate with
"sincere regional efforts" to reach a ceasefire deal but that it
had not been invited to any conference, referring to a meeting
in Kazakhstan proposed by Russia.
Read more
political body on Tuesday urged rebel groups to cooperate with
"sincere regional efforts" to reach a ceasefire deal but that it
had not been invited to any conference, referring to a meeting
in Kazakhstan proposed by Russia.
Read more
Australia's Woolworths sells petrol chain to BP for $1.3 bln-media
SYDNEY, Dec 28 (Reuters) - Australian supermarket giant
Woolworths Ltd has sold its chain of petrol stations to
BP plc for A$1.8 billion ($1.29 billion) in cash, media
reported on Wednesday.
Read more
Woolworths Ltd has sold its chain of petrol stations to
BP plc for A$1.8 billion ($1.29 billion) in cash, media
reported on Wednesday.
Read more
UPDATE 2-Cuba says economy shrank this year in tandem with Venezuela crisis
HAVANA, Dec 27 (Reuters) - Cuba's economy shrank 0.9 percent
this year in tandem with the crisis in its key trading partner
Venezuela, President Raul Castro told the National Assembly on
Tuesday in a closed-door speech, predicting a slightly brighter
outlook for 2017.
Read more
this year in tandem with the crisis in its key trading partner
Venezuela, President Raul Castro told the National Assembly on
Tuesday in a closed-door speech, predicting a slightly brighter
outlook for 2017.
Read more
UPDATE 1-Venezuela says to cut 95,000 bpd crude output in OPEC deal
CARACAS, Dec 27 (Reuters) - Venezuela said on Tuesday it
will cut 95,000 barrels per day of oil production in the New
Year in fulfillment of a producers' deal to reduce global output
and strengthen prices.
Read more
will cut 95,000 barrels per day of oil production in the New
Year in fulfillment of a producers' deal to reduce global output
and strengthen prices.
Read more
UPDATE 2-Mexico gasoline prices to rise up to 20.1 pct in Jan
MEXICO CITY, Dec 27 (Reuters) - Mexican gasoline prices will
rise by as much as 20.1 percent next month compared to the
highest recorded prices in December, the government said on
Tuesday, as part of a program to end years of government-set
prices at the pump.
Read more
rise by as much as 20.1 percent next month compared to the
highest recorded prices in December, the government said on
Tuesday, as part of a program to end years of government-set
prices at the pump.
Read more
Nigeria's army says 3,000 people who fled Boko Haram return to hometown
MAIDUGURI, Nigeria, Dec 27 (Reuters) - More than 3,000
people in northeast Nigeria who were forced to flee the
seven-year insurgency waged by Islamist militants have returned
to their hometown following the reopening of major roads in the
area, the army said on Tuesday.
Read more
people in northeast Nigeria who were forced to flee the
seven-year insurgency waged by Islamist militants have returned
to their hometown following the reopening of major roads in the
area, the army said on Tuesday.
Read more
UPDATE 2-Iraqi PM says three months needed to rout Islamic State
BAGHDAD, Dec 27 (Reuters) - Iraqi Prime Minister Haider
al-Abadi said on Tuesday it would take three months to rout
Islamic State, as U.S.-backed forces battle to dislodge the
militants from their city stronghold of Mosul.
Read more
al-Abadi said on Tuesday it would take three months to rout
Islamic State, as U.S.-backed forces battle to dislodge the
militants from their city stronghold of Mosul.
Read more
Venezuela says to cut 95,000 bpd crude output in OPEC deal
CARACAS, Dec 27 (Reuters) - Venezuela said on Tuesday it
will cut 95,000 barrels-per-day of oil production in the New
Year in fulfilment of a producers' deal to reduce global output
and strengthen prices.
Read more
will cut 95,000 barrels-per-day of oil production in the New
Year in fulfilment of a producers' deal to reduce global output
and strengthen prices.
Read more
UPDATE 1-Tata Sons accuses ex-chairman Mistry of confidentiality breach
MUMBAI, Dec 27 (Reuters) - Tata Sons on Tuesday accused its
former chairman Cyrus Mistry of breaching confidentiality rules
and said it would take legal action against him, intensifying a
battle between the conglomerate and the top executive it sacked
in October.
Read more
former chairman Cyrus Mistry of breaching confidentiality rules
and said it would take legal action against him, intensifying a
battle between the conglomerate and the top executive it sacked
in October.
Read more
Russia's Gazprom Neft trims planned 2017 oil output to 4.5-5 pct
MOSCOW, Dec 27 (Reuters) - Russian oil producer Gazprom Neft
said on Tuesday it planned to increase oil production
by 4.5-5 percent next year, less than it had intended before
Russia joined a deal to cut global production with OPEC.
Read more
said on Tuesday it planned to increase oil production
by 4.5-5 percent next year, less than it had intended before
Russia joined a deal to cut global production with OPEC.
Read more
Toshiba flags big impairment loss on U.S. nuclear business acquisition
TOKYO, Dec 27 (Reuters) - Toshiba Corp said on
Tuesday that it expects to book an impairment loss on the
acquisition of a U.S. nuclear power business by its Westinghouse
unit, a figure that could reach several billions of dollars.
Read more
Tuesday that it expects to book an impairment loss on the
acquisition of a U.S. nuclear power business by its Westinghouse
unit, a figure that could reach several billions of dollars.
Read more
Monday, December 26, 2016
Russia's Lukoil appoints new VP for sales and supplies - sources
MOSCOW, Dec 27 (Reuters) - Russia's second biggest oil
producer Lukoil has appointed a new vice-president for
sales and supplies after state-owned rival Rosneft
clinched several major deals at its expense, three sources told
Reuters.
Read more
producer Lukoil has appointed a new vice-president for
sales and supplies after state-owned rival Rosneft
clinched several major deals at its expense, three sources told
Reuters.
Read more
Panasonic to hold briefing at 0830 GMT on solar cell business
TOKYO, Dec 27 (Reuters) - Panasonic Corp said on
Tuesday that it will hold a news briefing at 5:30 p.m. in Japan
(0830 GMT) on its solar cell business.
Read more
Tuesday that it will hold a news briefing at 5:30 p.m. in Japan
(0830 GMT) on its solar cell business.
Read more
UPDATE 1-Oil steady in quiet holiday season trade; supply cut deal to kick in Jan 1
* As Libya, Nigeria raise supply, questions on tighter
market
(Adds details, updates prices)
Read more
market
(Adds details, updates prices)
Read more
UPDATE 1-China industry profits grow faster in Nov as oil, steel prices rebound
BEIJING, Dec 27 (Reuters) - China's industrial sector showed
stronger profit growth in November, suggesting the world's
second-largest economy was improving, though policymakers noted
growth was too dependent on a rebound in prices for oil products
and iron and steel.
Read more
stronger profit growth in November, suggesting the world's
second-largest economy was improving, though policymakers noted
growth was too dependent on a rebound in prices for oil products
and iron and steel.
Read more
UPDATE 1-Toshiba considers booking big loss on US nuclear power acquisition
* Follows $1.3 bln accounting scandal last year
(Recasts with updated figure of several hundreds of billion
yen)
Read more
(Recasts with updated figure of several hundreds of billion
yen)
Read more
Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
TOKYO, Dec 27 (Reuters) - U.S. oil prices extended gains on
Tuesday in post-Christmas trading, as OPEC and non-OPEC members
are set to start curbing output in less than a week to support
oil prices.
Read more
Tuesday in post-Christmas trading, as OPEC and non-OPEC members
are set to start curbing output in less than a week to support
oil prices.
Read more
Toshiba sees loss of about 100 bln yen on U.S. nuclear power acquisition - Nikkei
Dec 27 (Reuters) - Electronics giant Toshiba Corp
expects to report a one-off loss of about 100 billion yen ($850
million) on a U.S. nuclear power acquisition made by its
Westinghouse operation last year, the Nikkei business daily
reported.
Read more
expects to report a one-off loss of about 100 billion yen ($850
million) on a U.S. nuclear power acquisition made by its
Westinghouse operation last year, the Nikkei business daily
reported.
Read more
MIDEAST STOCKS-Saudi post-budget rally stalls, UAE bourses firm
DUBAI, Dec 26 (Reuters) - The Saudi Arabian stock market's
post-budget rally ran out of steam on Monday as the index neared
technical resistance, while United Arab Emirates bourses
outperformed the region.
Read more
post-budget rally ran out of steam on Monday as the index neared
technical resistance, while United Arab Emirates bourses
outperformed the region.
Read more
China's ICBC signs debt-for-equity swaps with state coal, steel firms
BEIJING, Dec 26 (Reuters) - Industrial and Commercial Bank
of China (ICBC) has signed three
debt-for-equity swaps with Shanxi province's highly indebted
state-owned coal and steel firms, the bank said late on Monday.
Read more
of China (ICBC) has signed three
debt-for-equity swaps with Shanxi province's highly indebted
state-owned coal and steel firms, the bank said late on Monday.
Read more
East Libyan forces launch air strike against rivals in central desert
BENGHAZI, Libya, Dec 26 (Reuters) - Forces loyal to Libya's
eastern government said they had carried out an air strike
against opponents in the central Jufra region on Monday.
Read more
eastern government said they had carried out an air strike
against opponents in the central Jufra region on Monday.
Read more
Sunday, December 25, 2016
Argentine province to auction six Vaca Muerta oil, gas blocks -media
BUENOS AIRES, Dec 24 (Reuters) - Gas y Petroleo del Neuquen
SA (GyP), the oil and gas company owned by Argentina's Neuquen
province, plans to auction exploration rights to six blocks in
the Vaca Muerta shale play, local media reported on Saturday.
Read more
SA (GyP), the oil and gas company owned by Argentina's Neuquen
province, plans to auction exploration rights to six blocks in
the Vaca Muerta shale play, local media reported on Saturday.
Read more
Saturday, December 24, 2016
RPT-Russia's Rosneft says has flexibility on oil output levels
MOSCOW, Dec 24 (Reuters) - Rosneft's plans for
next year allow it to be flexible with production volumes,
Russia's top oil producer said on Saturday, after Moscow
clinched a deal with OPEC to cut production to bolster weak oil
prices.
Read more
next year allow it to be flexible with production volumes,
Russia's top oil producer said on Saturday, after Moscow
clinched a deal with OPEC to cut production to bolster weak oil
prices.
Read more
Chinese firms face competition to maintain role in developing Iranian oilfields
DUBAI, Dec 24 (Reuters) - Iran plans to ask international
oil companies to bid for the second phase of development of its
Yadavaran and North Azadegan oilfields, a senior official said
on Saturday.
Read more
oil companies to bid for the second phase of development of its
Yadavaran and North Azadegan oilfields, a senior official said
on Saturday.
Read more
Russia's Rosneft says has flexibility on oil output levels
MOSCOW, Dec 24 (Reuters) - Rosneft's plans for
next year allow it to be flexible with production volumes,
Russia's top oil producer said on Saturday, after Moscow
clinched a deal with OPEC to cut production to bolster weak oil
prices.
Read more
next year allow it to be flexible with production volumes,
Russia's top oil producer said on Saturday, after Moscow
clinched a deal with OPEC to cut production to bolster weak oil
prices.
Read more
Friday, December 23, 2016
Halliburton shareholder class action to settle for $100 million
Dec 23 (Reuters) - Halliburton Co on Friday said it
had reached a $100 million settlement to resolve a long-running
shareholder class action lawsuit against the oilfield services
provider that twice reached the U.S. Supreme Court.
Read more
had reached a $100 million settlement to resolve a long-running
shareholder class action lawsuit against the oilfield services
provider that twice reached the U.S. Supreme Court.
Read more
UPDATE 1-Halliburton shareholder class action to settle for $100 million
Dec 23 (Reuters) - Halliburton Co on Friday said it
had reached a $100 million settlement to resolve a long-running
securities fraud class action lawsuit against the oilfield
services provider that twice reached the U.S. Supreme Court.
Read more
had reached a $100 million settlement to resolve a long-running
securities fraud class action lawsuit against the oilfield
services provider that twice reached the U.S. Supreme Court.
Read more
CANADA STOCKS-TSX slips as energy, financial losses offset miner gains
TORONTO, Dec 23 (Reuters) - Canada's main stock index
slipped on Friday, ending a six-day rising streak as losses
among energy and financial stocks outweighed gains for gold
miners.
Read more
slipped on Friday, ending a six-day rising streak as losses
among energy and financial stocks outweighed gains for gold
miners.
Read more
UPDATE 1-Peabody Energy reorganization plan lacks mine cleanup coverage details
CHICAGO, Dec 23 (Reuters) - Peabody Energy Corp
failed to explain how it will cover future mine cleanup costs in
a reorganization plan filed late Thursday, triggering concerns
over the company's use of "self-bonds."
Read more
failed to explain how it will cover future mine cleanup costs in
a reorganization plan filed late Thursday, triggering concerns
over the company's use of "self-bonds."
Read more
WRAPUP 1-Trump's nuclear remarks test bid to improve Russia ties
WEST PALM BEACH, Fla./MOSCOW, Dec 23 (Reuters) - U.S.
President-elect Donald Trump upped the stakes on Friday in a
back-and-forth exchange with President Vladimir Putin over
nuclear weapons that tested the Republican's promises to improve
relations with Russia.
Read more
President-elect Donald Trump upped the stakes on Friday in a
back-and-forth exchange with President Vladimir Putin over
nuclear weapons that tested the Republican's promises to improve
relations with Russia.
Read more
New Mexico nuclear waste site could restart operations in January
Dec 23 (Reuters) - The United States' only permanent nuclear
waste disposal site got the go-ahead on Friday to resume
operations nearly three years after a radiation leak shut down
the New Mexico facility.
Read more
waste disposal site got the go-ahead on Friday to resume
operations nearly three years after a radiation leak shut down
the New Mexico facility.
Read more
Industry confidence low in Canada's oil sands as Statoil, Koch exit
CALGARY, Alberta, Dec 23 (Reuters) - Canada's oil sands
prospects were buoyed by recent pipeline approvals, but news of
two companies ditching local projects on the same day served as
a reminder that industry confidence is still weak.
Read more
prospects were buoyed by recent pipeline approvals, but news of
two companies ditching local projects on the same day served as
a reminder that industry confidence is still weak.
Read more
UPDATE 3-Weaker Canadian economy in Oct sets stage for slowdown
OTTAWA, Dec 23 (Reuters) - The Canadian economy contracted
in October as the manufacturing sector saw its biggest decline
in nearly three years, raising the risk fourth-quarter growth
could slow more than the Bank of Canada anticipates.
Read more
in October as the manufacturing sector saw its biggest decline
in nearly three years, raising the risk fourth-quarter growth
could slow more than the Bank of Canada anticipates.
Read more
U.S. drillers add oil rigs for 8th week in a row -Baker Hughes
Dec 23 (Reuters) - U.S. energy companies added oil rigs for
an eighth week in a row, extending a seven-month drilling
recovery as crude prices remained near a 17-month high.
Drillers added 13 oil rigs in the week to Dec. 23, bringing
the total count up to 523, the most since December 2015, but
still below the 538 rigs seen a year ago, energy services firm
Baker Hughes Inc said on Friday.
Since crude prices recovered from 13-year lows in February
to around $50 a bar
Read more
an eighth week in a row, extending a seven-month drilling
recovery as crude prices remained near a 17-month high.
Drillers added 13 oil rigs in the week to Dec. 23, bringing
the total count up to 523, the most since December 2015, but
still below the 538 rigs seen a year ago, energy services firm
Baker Hughes Inc said on Friday.
Since crude prices recovered from 13-year lows in February
to around $50 a bar
Read more
Putin says Russian government has control of Rosneftegaz's money
MOSCOW, Dec 23 (Reuters) - The Russian government is in
control of cash on the books of state holding company
Rosneftegaz and spending from those reserves is "absolutely
transparent", President Vladimir Putin said on Friday.
Read more
control of cash on the books of state holding company
Rosneftegaz and spending from those reserves is "absolutely
transparent", President Vladimir Putin said on Friday.
Read more
UPDATE 1-Bonanza Creek, other U.S. energy firms announce Chapter 11 plans
Dec 23 (Reuters) - Bonanza Creek Energy Inc and two
other energy firms announced on Friday plans to file for
bankruptcy in coming weeks, joining a long list of U.S. energy
companies that have succumbed to a drop in oil prices.
Read more
other energy firms announced on Friday plans to file for
bankruptcy in coming weeks, joining a long list of U.S. energy
companies that have succumbed to a drop in oil prices.
Read more
Russian Finance Minister says Rosneft deal had no impact on rouble
MOSCOW, Dec 23 (Reuters) - Russia's finance ministry and the
central bank managed to minimise the market impact from the
privatisation of oil giant Rosneft, which required
conversion of foreign currencies into roubles, Finance Minister
Anton Siluanov said on Friday.
Read more
central bank managed to minimise the market impact from the
privatisation of oil giant Rosneft, which required
conversion of foreign currencies into roubles, Finance Minister
Anton Siluanov said on Friday.
Read more
Congo opposition insists Kabila step down for polls by November 2017
KINSHASA, Dec 23 (Reuters) - Congo's main opposition bloc
insisted on Friday that President Joseph Kabila step aside in
time for elections no later than November 2017, as a condition
in an agreement being negotiated.
Read more
insisted on Friday that President Joseph Kabila step aside in
time for elections no later than November 2017, as a condition
in an agreement being negotiated.
Read more
Savanna Energy rejects Total Energy Services' buyout offer
Dec 23 (Reuters) - Savanna Energy Services Corp
said on Friday its board unanimously rejected an unsolicited
buyout offer from fellow oilfield services provider Total Energy
Services Inc as it "significantly" undervalued the
shares of the company.
Read more
said on Friday its board unanimously rejected an unsolicited
buyout offer from fellow oilfield services provider Total Energy
Services Inc as it "significantly" undervalued the
shares of the company.
Read more
China tells companies to abide by U.N. North Korea sanctions
BEIJING, Dec 23 (Reuters) - China told its companies on
Friday they need to pay attention to the latest U.N. sanctions
on North Korea, especially those related to coal, to avoid any
unnecessary economic losses.
Read more
Friday they need to pay attention to the latest U.N. sanctions
on North Korea, especially those related to coal, to avoid any
unnecessary economic losses.
Read more
HIGHLIGHTS-Russian President Putin's end-of-year news conference
MOSCOW, Dec 23 (Reuters) - The following are highlights from
Russian President Vladimir Putin's annual end-of-year news
conference.
Read more
Russian President Vladimir Putin's annual end-of-year news
conference.
Read more
Putin says Russia received Glencore, Qatar payment for Rosneft
MOSCOW, Dec 23 (Reuters) - The Russian state budget has
received a payment from the Qatar Investment Authority (QIA) and
commodities trader Glencore to pay for a stake in oil
giant Rosneft, President Vladimir Putin said on
Friday.
Read more
received a payment from the Qatar Investment Authority (QIA) and
commodities trader Glencore to pay for a stake in oil
giant Rosneft, President Vladimir Putin said on
Friday.
Read more
China stocks fall on concerns over stiffer regulations, down for 3rd week
SHANGHAI, Dec 23 (Reuters) - China stocks ended the week on
a bearish note, with the key CSI300 Index hitting a two-month
closing low to cap its third straight week of declines, as
concerns of tighter regulatory supervision weighed on brokerages
and insurers.
Read more
a bearish note, with the key CSI300 Index hitting a two-month
closing low to cap its third straight week of declines, as
concerns of tighter regulatory supervision weighed on brokerages
and insurers.
Read more
Thursday, December 22, 2016
REFILE-Aussie shares soften ahead of Christmas; NZ hits 2-wk closing high
Dec 23 (Reuters) - Australian shares ended softer on Friday
ahead of the Christmas long weekend as lower commodity prices
hurt miners, while financial stocks lost traction - pruning some
of their earlier gains.
Read more
ahead of the Christmas long weekend as lower commodity prices
hurt miners, while financial stocks lost traction - pruning some
of their earlier gains.
Read more
UPDATE 1-Oil prices fall on profit taking, strong dollar
* Strong dollar, commodity prices shows demand pick-up or
more supply needed -investment chief
Read more
more supply needed -investment chief
Read more
UPDATE 1-Odebrecht settlement spurs bribery inquiries across Latin America
LIMA/QUITO, Dec 22 (Reuters) - Politicians and investigators
across Latin America demanded more information from Brazil-based
construction company Odebrecht on Thursday after it admitted to
a decade of immense bribe payments in the region.
Read more
across Latin America demanded more information from Brazil-based
construction company Odebrecht on Thursday after it admitted to
a decade of immense bribe payments in the region.
Read more
Australia shares falter on slips in commodity prices; NZ strong
Dec 23 (Reuters) - Australian shares fell on Friday, with
gains in financials and energy offset by basic material stocks
that lost traction in the wake of weak copper and Chinese iron
futures prices.
Read more
gains in financials and energy offset by basic material stocks
that lost traction in the wake of weak copper and Chinese iron
futures prices.
Read more
Peabody creditors back plan to cut over $5 billion of debt
CHICAGO, Dec 22 (Reuters) - Leading global coal producer
Peabody Energy said on Thursday its main creditors
support a plan to wipe more than $5 billion of debt from its
balance sheet and exit the largest energy-related U.S.
bankruptcy this year.
Read more
Peabody Energy said on Thursday its main creditors
support a plan to wipe more than $5 billion of debt from its
balance sheet and exit the largest energy-related U.S.
bankruptcy this year.
Read more
Oil prices fall on profit taking, strong dollar
SINGAPORE, Dec 23 (Reuters) - Oil prices slipped on Friday
in thin Asian trade ahead of the Christmas and New Year
holidays, wiping out some of the gains in the previous session
as traders took profits. A strong dollar also weighed on
sentiment.
Read more
in thin Asian trade ahead of the Christmas and New Year
holidays, wiping out some of the gains in the previous session
as traders took profits. A strong dollar also weighed on
sentiment.
Read more
UPDATE 2-Icahn says EPA, bank regulations hamper U.S. economy -CNBC
WASHINGTON, Dec 22 (Reuters) - Billionaire investor Carl
Icahn targeted environmental and banking regulations on Thursday
as big drags on U.S. corporate investment and said revamping
them would be a top priority in his role as adviser to
President-elect Donald Trump.
Read more
Icahn targeted environmental and banking regulations on Thursday
as big drags on U.S. corporate investment and said revamping
them would be a top priority in his role as adviser to
President-elect Donald Trump.
Read more
Odebrecht settlement spurs bribery inquiries across Latin America
LIMA/QUITO, Dec 22 (Reuters) - Politicians and investigators
across Latin America demanded more information from Brazil-based
construction giant Odebrecht on Thursday after it admitted to a
decade of immense bribe payments in the region.
Read more
across Latin America demanded more information from Brazil-based
construction giant Odebrecht on Thursday after it admitted to a
decade of immense bribe payments in the region.
Read more
Brazil's Petrobras employees in Campos Basin approve strike
RIO DE JANEIRO, Dec 22 (Reuters) - Employees at Brazilian
state-controlled oil company Petroleo Brasileiro SA working at
Campos Basin, the largest oil-producing area in the country,
approved a strike to begin Friday, an oil workers union said.
Read more
state-controlled oil company Petroleo Brasileiro SA working at
Campos Basin, the largest oil-producing area in the country,
approved a strike to begin Friday, an oil workers union said.
Read more
UPDATE 1-Blackstone in talks to buy stake in Energy Transfer assets
Dec 22 (Reuters) - Private-equity firm Blackstone Group LP
is in talks to buy a stake in assets owned by Energy
Transfer Partners LP, the company building the
controversial Dakota Access pipeline, a source familiar with the
situation said on Thursday.
Read more
is in talks to buy a stake in assets owned by Energy
Transfer Partners LP, the company building the
controversial Dakota Access pipeline, a source familiar with the
situation said on Thursday.
Read more
Britain's FTSE ends at 2-month high helped by oil stocks
LONDON/MILAN, Dec 22 (Reuters) - British shares edged up to
two-month highs on Thursday, led by gains in the energy sector
and among precious metals miners.
Read more
two-month highs on Thursday, led by gains in the energy sector
and among precious metals miners.
Read more
UPDATE 1-Saudi Arabia to boost 2017 spending as it cuts into huge state deficit
RIYADH, Dec 22 (Reuters) - Saudi Arabia said on Thursday it
had successfully cut into its huge state budget deficit this
year and will increase government spending in 2017 to boost
flagging economic growth.
Read more
had successfully cut into its huge state budget deficit this
year and will increase government spending in 2017 to boost
flagging economic growth.
Read more
MIDEAST STOCKS-Saudi edges up before budget, Egypt's rise slows
DUBAI, Dec 22 (Reuters) - Saudi Arabia's stock market edged
up on Thursday before the release of the kingdom's state budget
for 2017, while Egypt's uptrend slowed. Other Gulf markets were
mixed in modest trading volumes.
Read more
up on Thursday before the release of the kingdom's state budget
for 2017, while Egypt's uptrend slowed. Other Gulf markets were
mixed in modest trading volumes.
Read more
UPDATE 1-Egypt seeks to import crude directly from Iraq
CAIRO, Dec 22 (Reuters) - Egypt's Petroleum Minister Tarek
El Molla said on Thursday his country was seeking to reach an
agreement with Iraq over importing crude oil directly and that
he hoped to finalise the deal by the first quarter of 2017.
Read more
El Molla said on Thursday his country was seeking to reach an
agreement with Iraq over importing crude oil directly and that
he hoped to finalise the deal by the first quarter of 2017.
Read more
UPDATE 1-Latvian gas utility to set up new transmission and storage firm
* Latvia government to decide in Jan whether to buy stakes
(Adds officials, detail, background)
Read more
(Adds officials, detail, background)
Read more
Temperatures around North Pole leap close to melting point
OSLO, Dec 22 (Reuters) - Temperatures around the North Pole
surged close to melting point on Thursday as a freak blast of
warm air blanketed an Arctic region usually deep frozen in
mid-winter darkness, scientists said.
Read more
surged close to melting point on Thursday as a freak blast of
warm air blanketed an Arctic region usually deep frozen in
mid-winter darkness, scientists said.
Read more
China dismisses Taiwan "dollar diplomacy" claims over Sao Tome
BEIJING, Dec 22 (Reuters) - China on Thursday dismissed
accusations from Taiwan that it engaged in "dollar diplomacy" to
get Sao Tome and Principe to ditch ties with the self-ruled
island, saying a petty Taiwan was besmirching China's good name.
Read more
accusations from Taiwan that it engaged in "dollar diplomacy" to
get Sao Tome and Principe to ditch ties with the self-ruled
island, saying a petty Taiwan was besmirching China's good name.
Read more
Chinese court jails former coal group chiefs for bribery
BEIJING, Dec 22 (Reuters) - A Chinese court has jailed two
former chiefs of state-owned Shanxi Coking Coal Group
for bribery, the court said on Thursday, the latest
in a series of company chiefs brought down by China's crackdown
on corruption.
Read more
former chiefs of state-owned Shanxi Coking Coal Group
for bribery, the court said on Thursday, the latest
in a series of company chiefs brought down by China's crackdown
on corruption.
Read more
China stocks drift as tight liquidity offsets gains for state firms
SHANGHAI, Dec 22 (Reuters) - China's main stock indexes
barely moved on Thursday, as strength in shares of state-owned
enterprises (SOE) was offset by persisting tight liquidity in
the wake of a bond scandal.
Read more
barely moved on Thursday, as strength in shares of state-owned
enterprises (SOE) was offset by persisting tight liquidity in
the wake of a bond scandal.
Read more
Wednesday, December 21, 2016
INSIGHT-U.S. refiners cash in on Mexico's record fuel imports
NEW YORK/HOUSTON, Dec 22 (Reuters) - U.S. Gulf Coast
refiners are cashing in on rising fuel demand from Mexico,
shipping record volumes to a southern neighbor that has failed
to expand its refining network to supply a fast-growing economy.
Read more
refiners are cashing in on rising fuel demand from Mexico,
shipping record volumes to a southern neighbor that has failed
to expand its refining network to supply a fast-growing economy.
Read more
Australia shares climb for a fourth day; NZ up for a fifth
Dec 22 (Reuters) - Australian shares closed higher on
Thursday, powered by financial stocks, as investors kept an eye
out for U.S. economic data expected later in the day for further
cues.
Read more
Thursday, powered by financial stocks, as investors kept an eye
out for U.S. economic data expected later in the day for further
cues.
Read more
Oil prices rise on weaker dollar, optimism on output cuts
SINGAPORE, Dec 22 (Reuters) - Oil prices nudged higher in
tepid Asian trading on Thursday, supported by a weaker dollar
and optimism crude producers would abide by an agreement to curb
output to prop up markets.
Read more
tepid Asian trading on Thursday, supported by a weaker dollar
and optimism crude producers would abide by an agreement to curb
output to prop up markets.
Read more
UPDATE 1-Blue skies return to Beijing, but dangerous smog still blankets northern China
* Christmas forecast smoggy
(Updates smog reports from other cities, weather forecast,
president comments)
Read more
(Updates smog reports from other cities, weather forecast,
president comments)
Read more
China launches carbon-tracking satellite into space - Xinhua
SHANGHAI, Dec 22 (Reuters) - China launched a satellite to
monitor its greenhouse gas emissions early on Thursday, the
latest step in efforts to cut its carbon footprint, the official
Xinhua news agency said.
Read more
monitor its greenhouse gas emissions early on Thursday, the
latest step in efforts to cut its carbon footprint, the official
Xinhua news agency said.
Read more
2016: A year of transition from talk to action on climate change
BARCELONA, Dec 22 (Thomson Reuters Foundation) - When it
comes to climate change and the battle to keep it in check, 2016
was a year of extremes.
Read more
comes to climate change and the battle to keep it in check, 2016
was a year of extremes.
Read more
UPDATE 1-Icahn tapped as Trump's special adviser on regulatory issues
Dec 21 (Reuters) - Billionaire Carl Icahn will advise Donald
Trump on rescinding what the activist investor called "excessive
regulation" on U.S. businesses, the president-elect's transition
team announced on Wednesday.
Read more
Trump on rescinding what the activist investor called "excessive
regulation" on U.S. businesses, the president-elect's transition
team announced on Wednesday.
Read more
Cyprus picks Eni, Total and Exxon for offshore exploration blocks
LONDON, Dec 21 (Reuters) - Cyprus said on Wednesday it had
picked Eni, Total and ExxonMobil for
three oil and gas exploration licences in the Mediterranean
close to where Eni made the biggest gas find in the past decade.
Read more
picked Eni, Total and ExxonMobil for
three oil and gas exploration licences in the Mediterranean
close to where Eni made the biggest gas find in the past decade.
Read more
COLUMN-Brent curve signals oil tanks will start emptying in second half of 2017: Kemp
LONDON, Dec 21 (Reuters) - OPEC and non-OPEC oil producers
have agreed to reduce their combined output by more than 1.7
million barrels per day for six months from January 2017.
Read more
have agreed to reduce their combined output by more than 1.7
million barrels per day for six months from January 2017.
Read more
EU Commission favours keeping limits on Chinese solar panels
BRUSSELS, Dec 21 (Reuters) - The European Commission has
recommended keeping import duties and a minimum price for solar
panels and cells from China for two more years, according to
documents seen by Reuters.
Read more
recommended keeping import duties and a minimum price for solar
panels and cells from China for two more years, according to
documents seen by Reuters.
Read more
DONG Energy raises earnings forecast after wind farm stake sale
COPENHAGEN, Dec 21 (Reuters) - Danish utility and wind farm
developer DONG Energy raised its full-year earnings
forecast on Wednesday and announced the sale of a stake in its
UK offshore wind farm.
Read more
developer DONG Energy raised its full-year earnings
forecast on Wednesday and announced the sale of a stake in its
UK offshore wind farm.
Read more
UPDATE 1-EU's top court upholds carbon tax on Swiss flights
LUXEMBOURG, Dec 21 (Reuters) - The European Union is within
its rights to apply carbon taxes to flights between Switzerland
and member states although flights to and from other countries
outside the bloc are exempt, the EU's top court said on
Wednesday.
Read more
its rights to apply carbon taxes to flights between Switzerland
and member states although flights to and from other countries
outside the bloc are exempt, the EU's top court said on
Wednesday.
Read more
UPDATE 1-Libya's Sharara oilfield resuming operations after pipelines reopen- field official
TRIPOLI, Dec 21 (Reuters) - Operations at Libya's
southwestern Sharara oilfield were gradually resuming on
Wednesday after the lifting of a two-year blockade on a pipeline
leading from the field, a senior official said on Wednesday.
Read more
southwestern Sharara oilfield were gradually resuming on
Wednesday after the lifting of a two-year blockade on a pipeline
leading from the field, a senior official said on Wednesday.
Read more
CORRECTED-China's LNG buying spree to set import record in December
BEIJING/SINGAPORE, Dec 21 (Reuters) - China's state oil and
gas majors are set to import record levels of liquified natural
gas (LNG) this month, betting on robust demand during the cold
winter months and helping lift Asian prices to their highest in
nearly two years.
Read more
gas majors are set to import record levels of liquified natural
gas (LNG) this month, betting on robust demand during the cold
winter months and helping lift Asian prices to their highest in
nearly two years.
Read more
Tuesday, December 20, 2016
Malaysia's 1MDB paid interest due in Q4 on IPIC-guaranteed bonds- minister
KUALA LUMPUR, Dec 21 (Reuters) - Malaysian state fund
1Malaysia Development Bhd has made interest payments on one of
its bond issues this quarter, after failing to pay earlier this
year because of a dispute with a guarantor, Malaysia's second
finance minister said on Wednesday.
Read more
1Malaysia Development Bhd has made interest payments on one of
its bond issues this quarter, after failing to pay earlier this
year because of a dispute with a guarantor, Malaysia's second
finance minister said on Wednesday.
Read more
China imports 2.66 mln tonnes of LNG in Nov, highest on record
BEIJING, Dec 21 (Reuters) - China's November LNG imports
jumped 46.6 percent from a year earlier to 2.66 million tonnes,
the highest level on record, customs data showed on Wednesday.
Read more
jumped 46.6 percent from a year earlier to 2.66 million tonnes,
the highest level on record, customs data showed on Wednesday.
Read more
Oil prices edge up on expected U.S. crude inventory draw
SINGAPORE, Dec 21 (Reuters) - Oil prices nudged higher on
Wednesday on expectations of a U.S. crude inventory draw,
although trading activity was muted as markets start to wind
down ahead of the Christmas weekend.
Read more
Wednesday on expectations of a U.S. crude inventory draw,
although trading activity was muted as markets start to wind
down ahead of the Christmas weekend.
Read more
RPT-COLUMN-La Nina has probably peaked and will fade in early 2017: Kemp
LONDON, Dec 20 (Reuters) - Weak La Nina conditions have
persisted over the Pacific Ocean in the final quarter of 2016
but are likely to fade during the first three months of 2017.
Read more
persisted over the Pacific Ocean in the final quarter of 2016
but are likely to fade during the first three months of 2017.
Read more
UPDATE 1-Oklahoma's new fracking guidelines aim to reduce quake risk
HOUSTON, Dec 20 (Reuters) - Oklahoma is imposing guidelines
to reduce the risk of earthquakes caused by hydraulic fracturing
in its oil-rich shale formations, the first rules in the state
to target the controversial production technique.
Read more
to reduce the risk of earthquakes caused by hydraulic fracturing
in its oil-rich shale formations, the first rules in the state
to target the controversial production technique.
Read more
Oklahoma's new fracking rules aim to reduce earthquake risk
HOUSTON, Dec 20 (Reuters) - Oklahoma is imposing guidelines
to reduce the risk of earthquakes caused by hydraulic fracturing
in its oil-rich shale formations, the first rules in the state
to target the controversial production technique.
Read more
to reduce the risk of earthquakes caused by hydraulic fracturing
in its oil-rich shale formations, the first rules in the state
to target the controversial production technique.
Read more
Argentina, Britain agree to identify bodies of soldiers on Falklands
BUENOS AIRES, Dec 20 (Reuters) - Argentina and Britain
agreed on a framework to identify the bodies of dozens of
unknown Argentine soldiers buried on the disputed Falkland
Islands, Argentina's Foreign Ministry said in on Tuesday.
Read more
agreed on a framework to identify the bodies of dozens of
unknown Argentine soldiers buried on the disputed Falkland
Islands, Argentina's Foreign Ministry said in on Tuesday.
Read more
Obama bans new oil, gas drilling off Alaska, part of Atlantic shore
WASHINGTON, Dec 20 (Reuters) - U.S. President Barack Obama
on Tuesday permanently banned new oil and gas drilling in
federal waters in the Atlantic and Arctic Oceans, in one of his
last environmental pushes before he leaves office next month.
Read more
on Tuesday permanently banned new oil and gas drilling in
federal waters in the Atlantic and Arctic Oceans, in one of his
last environmental pushes before he leaves office next month.
Read more
UPDATE 1-Obama bans new oil, gas drilling off Alaska, part of Atlantic shore
WASHINGTON, Dec 20 (Reuters) - U.S. President Barack Obama
on Tuesday permanently banned new oil and gas drilling in
federal waters in the Atlantic and Arctic Oceans, in one of his
last environmental pushes before he leaves office next month.
Read more
on Tuesday permanently banned new oil and gas drilling in
federal waters in the Atlantic and Arctic Oceans, in one of his
last environmental pushes before he leaves office next month.
Read more
Odebrecht, Braskem to pay 1.4 bln reais in fines to US, Swiss govt -report
SAO PAULO, Dec 20 (Reuters) - The Brazilian construction
firm Odebrecht and petrochemical company Braskem have agreed to
pay the U.S. and Swiss governments 700 million reais ($209
million) each to settle their roles in a sweeping corruption
case, the Folha de S.Paulo newspaper reported on Tuesday.
Read more
firm Odebrecht and petrochemical company Braskem have agreed to
pay the U.S. and Swiss governments 700 million reais ($209
million) each to settle their roles in a sweeping corruption
case, the Folha de S.Paulo newspaper reported on Tuesday.
Read more
UPDATE 1-U.S. sanctions companies, people over Russia actions in Ukraine
WASHINGTON, Dec 20 (Reuters) - The United States on Tuesday
blacklisted seven Russian businessmen and eight companies and
government enterprises over Russia's annexation of Crimea and
the conflict in Ukraine, the U.S. Treasury said in a statement.
Read more
blacklisted seven Russian businessmen and eight companies and
government enterprises over Russia's annexation of Crimea and
the conflict in Ukraine, the U.S. Treasury said in a statement.
Read more
UPDATE 2-Libya's NOC says oil pipelines reopened, expects 270,000 bpd boost in 3 months
TRIPOLI/TUNIS, Dec 20 (Reuters) - Libya's National Oil
Corporation said on Tuesday that pipelines leading from the
western fields of Sharara and El Feel had been reopened after a
two-year blockade, paving the way for a major boost to
production.
Read more
Corporation said on Tuesday that pipelines leading from the
western fields of Sharara and El Feel had been reopened after a
two-year blockade, paving the way for a major boost to
production.
Read more
Libya's NOC says western pipelines reopened, expects 270,000 bpd boost in 3 months
TRIPOLI, Dec 20 (Reuters) - Libya's National Oil Corporation
said on Tuesday that pipelines leading from the western fields
of Sharara and El Feel had been reopened after a two-year
blockade, paving the way for a major boost to production.
Read more
said on Tuesday that pipelines leading from the western fields
of Sharara and El Feel had been reopened after a two-year
blockade, paving the way for a major boost to production.
Read more
COLUMN-La Nina has probably peaked and will fade in early 2017: Kemp
LONDON, Dec 20 (Reuters) - Weak La Nina conditions have
persisted over the Pacific Ocean in the final quarter of 2016
but are likely to fade during the first three months of 2017.
Read more
persisted over the Pacific Ocean in the final quarter of 2016
but are likely to fade during the first three months of 2017.
Read more
Guinea soldier wanted for stadium massacre arrested in Senegal
CONAKRY, Dec 20 (Reuters) - Senegal authorities have
arrested a Guinean soldier linked to a 2009 massacre in Conakry
where at least 150 people were killed and dozens of women raped,
a Senegalese security source said on Tuesday.
Read more
arrested a Guinean soldier linked to a 2009 massacre in Conakry
where at least 150 people were killed and dozens of women raped,
a Senegalese security source said on Tuesday.
Read more
UPDATE 2-Russia to cut oil exports outside ex-Soviet nations by 0.7 pct in Q1
MOSCOW, Dec 20 (Reuters) - Russia will cut oil exports to
markets outside the former Soviet Union (FSU) by 0.7 percent in
January-March from the fourth quarter of 2016, pipeline company
Transneft said on Tuesday, as Moscow prepares to reduce output
as part of a global pact.
Read more
markets outside the former Soviet Union (FSU) by 0.7 percent in
January-March from the fourth quarter of 2016, pipeline company
Transneft said on Tuesday, as Moscow prepares to reduce output
as part of a global pact.
Read more
EU nations back stricter emissions rules for new gasoline engines
BRUSSELS, Dec 20 (Reuters) - EU nations backed measures to
strengthen new on-road emissions tests on Tuesday to supplement
laboratory-based ones, whose flaws were laid bare by the
Volkswagen scandal.
Read more
strengthen new on-road emissions tests on Tuesday to supplement
laboratory-based ones, whose flaws were laid bare by the
Volkswagen scandal.
Read more
Oil tanker firm Frontline sees strong start to 2017
OSLO, Dec 20 (Reuters) - Crude tanker operator Frontline
expects strong demand for its vessels at the start of
2017 and could benefit from oil producers' pact to cut output if
it forces Asian buyers to go further afield for supplies, its
chief executive said.
Read more
expects strong demand for its vessels at the start of
2017 and could benefit from oil producers' pact to cut output if
it forces Asian buyers to go further afield for supplies, its
chief executive said.
Read more
Norway's PM to reshuffle cabinet ahead of election year-report
OSLO, Dec 20 (Reuters) - Norway's Conservative Prime
Minister Erna Solberg will reshuffle her cabinet on Tuesday,
replacing at least three ministers nine months before the next
general election, public broadcaster NRK reported, quoting
unnamed sources.
Read more
Minister Erna Solberg will reshuffle her cabinet on Tuesday,
replacing at least three ministers nine months before the next
general election, public broadcaster NRK reported, quoting
unnamed sources.
Read more
RPT-UPDATE 1-British shale gas gets boost from court ruling on permit
LONDON, Dec 20 (Reuters) - Britain's High Court ruled on
Tuesday that a fracking permit awarded by a local council to
developer Third Energy was legal, after it was challenged by
environmental campaigners, opening the way to shale gas
extraction in the UK.
Read more
Tuesday that a fracking permit awarded by a local council to
developer Third Energy was legal, after it was challenged by
environmental campaigners, opening the way to shale gas
extraction in the UK.
Read more
Portugal's biggest shipper ETE seeks potential investors, possible IPO
LISBON, Dec 20 (Reuters) - Portugal's largest shipping
company, Grupo ETE, is preparing to open up its capital to
outside investors and is studying the possibility of an initial
public offering as it seeks to speed up expansion in Latin
America, CEO Luis Nagy told Reuters.
Read more
company, Grupo ETE, is preparing to open up its capital to
outside investors and is studying the possibility of an initial
public offering as it seeks to speed up expansion in Latin
America, CEO Luis Nagy told Reuters.
Read more
Miners sharpen marketing strategies in hunt for marginal gains
LONDON/SINGAPORE, Dec 20 (Reuters) - The world's big mining
groups are sharpening their marketing strategies in a
post-crisis scramble for even tiny increases in profit, seeking
marginal gains much like cycling teams in the Tour de France or
Olympic velodrome.
Read more
groups are sharpening their marketing strategies in a
post-crisis scramble for even tiny increases in profit, seeking
marginal gains much like cycling teams in the Tour de France or
Olympic velodrome.
Read more
City in China's Shandong province orders coal power plants to cut output due to smog -notice
BEIJING, Dec 20 (Reuters) - A major city in China's Shandong
province has ordered seven big coal-fired power plants to cut
output by nearly two-thirds as part of a clampdown on pollution
as smog blanketed northern parts of the country.
Read more
province has ordered seven big coal-fired power plants to cut
output by nearly two-thirds as part of a clampdown on pollution
as smog blanketed northern parts of the country.
Read more
Monday, December 19, 2016
UPDATE 1-Oil eases as traders start winding down positions in run-up to holiday season
SINGAPORE, Dec 20 (Reuters) - Oil prices eased on Tuesday as
traders began to unwind positions in the run-up to the year-end
holiday season.
Read more
traders began to unwind positions in the run-up to the year-end
holiday season.
Read more
Honda begins deliveries of fuel-cell cars in Southern California
Dec 19 (Reuters) - Honda Motor Co Ltd said customer
deliveries of its hydrogen fuel-cell car, dubbed Clarity Fuel
Cell, began on Monday at select Honda dealerships across
Southern California.
Read more
deliveries of its hydrogen fuel-cell car, dubbed Clarity Fuel
Cell, began on Monday at select Honda dealerships across
Southern California.
Read more
Obama prepares to block drilling in Arctic, Atlantic -Bloomberg
Dec 19 (Reuters) - U.S. President Barack Obama is preparing
to block the sale of new offshore drilling rights in much of the
U.S. Arctic and parts of the Atlantic, Bloomberg reported,
citing two people familiar with the decision.
Read more
to block the sale of new offshore drilling rights in much of the
U.S. Arctic and parts of the Atlantic, Bloomberg reported,
citing two people familiar with the decision.
Read more
Oil prices steady in run-up to Christmas
SINGAPORE, Dec 20 (Reuters) - Oil prices moved very little
on Tuesday, with liquidity fading in the run-up to the Christmas
weekend.
Read more
on Tuesday, with liquidity fading in the run-up to the Christmas
weekend.
Read more
Oil industry networking site creator pleads guilty in U.S. hacking case
NEW YORK, Dec 19 (Reuters) - The founder of an oil and gas
networking website accused of hacking into a rival site he had
created and sold to DHI Group Inc pleaded guilty to a
computer fraud charge on Monday, prosecutors said.
Read more
networking website accused of hacking into a rival site he had
created and sold to DHI Group Inc pleaded guilty to a
computer fraud charge on Monday, prosecutors said.
Read more
UPDATE 1-Earthquake along Ecuador's coast kills 2, halts refinery
QUITO, Dec 19 (Reuters) - A 5.8-magnitude earthquake shook
Ecuador's Pacific coast early on Monday, killing at least two
people, injuring 15 others and halting production at the
Esmeraldas oil refinery, officials said.
Read more
Ecuador's Pacific coast early on Monday, killing at least two
people, injuring 15 others and halting production at the
Esmeraldas oil refinery, officials said.
Read more
UPDATE 1-Intesa Sanpaolo not aware of any probe over Rosneft deal
MILAN, Dec 19 (Reuters) - Intesa Sanpaolo is still
deciding whether to help fund the acquisition of a 19.5 percent
stake in Rosneft from the Russian state and said it
was not aware of any investigation by the Italian or other
European authorities into the transaction.
Read more
deciding whether to help fund the acquisition of a 19.5 percent
stake in Rosneft from the Russian state and said it
was not aware of any investigation by the Italian or other
European authorities into the transaction.
Read more
Earthquake along Ecuador's coast kills 1, destroys hotels
QUITO, Dec 19 (Reuters) - A 5.8 magnitude earthquake shook
Ecuador's Pacific coast early on Monday, killing one person,
injuring a dozen others and damaging hotels in the area,
authorities said.
Read more
Ecuador's Pacific coast early on Monday, killing one person,
injuring a dozen others and damaging hotels in the area,
authorities said.
Read more
UPDATE 3-U.S. charges Platinum Partners execs with $1 billion fraud
NEW YORK, Dec 19 (Reuters) - Top executives of New
York-based hedge fund manager Platinum Partners were arrested on
Monday and charged with running an approximately $1 billion
fraud that federal prosecutors said became "like a Ponzi scheme"
as its largest investments lost much of their value.
Read more
York-based hedge fund manager Platinum Partners were arrested on
Monday and charged with running an approximately $1 billion
fraud that federal prosecutors said became "like a Ponzi scheme"
as its largest investments lost much of their value.
Read more
WPP receives U.S. DoJ subpoenas over video production practices
LONDON, Dec 19 (Reuters) - WPP, the world's largest
advertising agency, said on Monday that three of its
subsidiaries had received subpoenas from the U.S. Department of
Justice as part of an investigation into video production
practices in the industry.
Read more
advertising agency, said on Monday that three of its
subsidiaries had received subpoenas from the U.S. Department of
Justice as part of an investigation into video production
practices in the industry.
Read more
Former Brazilian leader Lula to face fifth corruption trial
RIO DE JANEIRO, Dec 19 (Reuters) - Former Brazilian leader
Luiz Inacio Lula da Silva will face a fifth corruption trial, a
judge ruled on Monday, as charges pile up against the man seen
as a front-runner to win the 2018 presidential election.
Read more
Luiz Inacio Lula da Silva will face a fifth corruption trial, a
judge ruled on Monday, as charges pile up against the man seen
as a front-runner to win the 2018 presidential election.
Read more
EU parliament critical of delays to new car emissions rules
BRUSSELS, Dec 19 (Reuters) - Several EU countries, including
Italy, France and Spain, have delayed the adoption of stricter
car emissions' tests, despite evidence that this has allowed
pollution to go above legal limits, a draft report by European
Parliament said on Monday.
Read more
Italy, France and Spain, have delayed the adoption of stricter
car emissions' tests, despite evidence that this has allowed
pollution to go above legal limits, a draft report by European
Parliament said on Monday.
Read more
Angola could hold tenders for all fuel imports next year - FT
Dec 19 (Reuters) - Sonangol, Angola's state-controlled oil
company, said on Monday it could hold tenders for all fuel
imports next year to cut costs, the Financial Times reported.
Read more
company, said on Monday it could hold tenders for all fuel
imports next year to cut costs, the Financial Times reported.
Read more
Azerbaijan's foreign direct investment fall 5.3 pct in Jan-Sept yr/yr
BAKU, Dec 19 (Reuters) - Azerbaijan saw a 5.3 percent drop
year-on-year in foreign direct investment to $5.4 billion in the
first three quarters of this year, the central bank said on
Monday.
Read more
year-on-year in foreign direct investment to $5.4 billion in the
first three quarters of this year, the central bank said on
Monday.
Read more
UPDATE 2-EU approves Drax's coal power plant switch to biomass
* Contract is 50 mln pounds/yr earnings boost for Drax
-Jefferies
(Adds details, background, comments from Drax and analysts)
Read more
-Jefferies
(Adds details, background, comments from Drax and analysts)
Read more
UPDATE 1-Nordic power firms set to apply for Norway-UK subsea link
OSLO, Dec 19 (Reuters) - NorthConnect, owned by three
Norwegian power firms and Sweden's Vattenfall, will
seek permission to build a power link from Norway to Britain
costing up to 2 billion euros ($2.09 billion), its chairman Odd
Oeygarden told Reuters.
Read more
Norwegian power firms and Sweden's Vattenfall, will
seek permission to build a power link from Norway to Britain
costing up to 2 billion euros ($2.09 billion), its chairman Odd
Oeygarden told Reuters.
Read more
UPDATE 1-Idemitsu plan to take stake in Showa Shell gets regulatory nod
TOKYO, Dec 19 (Reuters) - Japan anti-monopoly regulator said
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK for about 170 billion yen ($1.5 billion).
Read more
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK for about 170 billion yen ($1.5 billion).
Read more
By shielding biggest buyer Asia from supply cuts, OPEC risks prolonging fuel glut
SINGAPORE, Dec 19 (Reuters) - OPEC's efforts to hold market
share in Asia by keeping its customers, which take about
two-thirds of its exports, supplied amid wider output cuts could
prolong the global fuel glut and frustrate its attempt to
bolster prices.
Read more
share in Asia by keeping its customers, which take about
two-thirds of its exports, supplied amid wider output cuts could
prolong the global fuel glut and frustrate its attempt to
bolster prices.
Read more
Idemitsu plan to take stake in Showa Shell gets regulatory nod
TOKYO, Dec 19 (Reuters) - Japan's Fair Trade Commission said
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK.
Read more
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK.
Read more
Sunday, December 18, 2016
Indonesia draft rule could ease export ban on nickel, bauxite -paper
JAKARTA, Dec 19 (Reuters) - Indonesia's government is
drafting a regulation that could ease a looming export ban for
not only copper concentrates, but also partly processed or raw
nickel and bauxite, the Jakarta Post reported, citing a draft
regulation.
Read more
drafting a regulation that could ease a looming export ban for
not only copper concentrates, but also partly processed or raw
nickel and bauxite, the Jakarta Post reported, citing a draft
regulation.
Read more
Japan FTC to brief on Idemitsu's planned takeover of Showa Shell
TOKYO, Dec 19 (Reuters) - Japan's Fair Trade Commission said
it would hold a news conference at 4 p.m. (0700 GMT) on Monday
regarding its decision on whether to approve Idemitsu Kosan Co's
planned takeover of rival refiner Showa Shell.
Read more
it would hold a news conference at 4 p.m. (0700 GMT) on Monday
regarding its decision on whether to approve Idemitsu Kosan Co's
planned takeover of rival refiner Showa Shell.
Read more
RPT-COLUMN-U.S. distillate demand set to rise in 2017: Kemp
LONDON, Dec 16 (Reuters) - U.S. refiners are likely to see
stronger demand for middle distillates such as heating oil and
diesel in 2017 after two years of declining domestic
consumption.
Read more
stronger demand for middle distillates such as heating oil and
diesel in 2017 after two years of declining domestic
consumption.
Read more
Oil prices edge up in anticipation of tighter 2017 market
SINGAPORE, Dec 19 (Reuters) - Oil prices inched up on Monday
in anticipation of tighter crude supply going into 2017
following the decision by OPEC and other producers to cut output
to prop up prices.
Read more
in anticipation of tighter crude supply going into 2017
following the decision by OPEC and other producers to cut output
to prop up prices.
Read more
UPDATE 1-Hundreds arrested in Venezuela cash chaos, vigilantes protect shops
CARACAS, Dec 18 (Reuters) - Security forces have arrested
more than 300 people during protests and lootings over the
elimination of Venezuela's largest currency bill, President
Nicolas Maduro said on Sunday.
Read more
more than 300 people during protests and lootings over the
elimination of Venezuela's largest currency bill, President
Nicolas Maduro said on Sunday.
Read more
Bolivia's Morales says he may run for fourth term despite referendum loss
LA PAZ, Dec 18 (Reuters) - Bolivian President Evo Morales
said on Sunday he may run for a fourth consecutive term in
elections in 2019 despite losing a referendum in February that
would have reformed the country's constitution to allow him to
run again.
Read more
said on Sunday he may run for a fourth consecutive term in
elections in 2019 despite losing a referendum in February that
would have reformed the country's constitution to allow him to
run again.
Read more
Hundreds arrested in Venezuela cash chaos, vigilantes protect shops
CARACAS, Dec 18 (Reuters) - Security forces have arrested
more than 300 people during protests and lootings over the
elimination of Venezuela's largest currency bill, President
Nicolas Maduro said on Sunday.
Read more
more than 300 people during protests and lootings over the
elimination of Venezuela's largest currency bill, President
Nicolas Maduro said on Sunday.
Read more
RPT-High-flying Freeport CEO steers towards new Indonesia mining deal
JAKARTA, Dec 16 (Reuters) - Chappy Hakim, a retired air
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
Read more
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
Read more
Saudi Aramco, GE to launch Saudi Arabia's first wind turbine next month
KHOBAR, Saudi Arabia, Dec 18 (Reuters) - Saudi Aramco plans
to commission its wind turbine pilot project, the first in the
kingdom, next month, the state oil company said on Sunday, part
of nationwide plans to diversify energy supplies and to meet an
increase in demand.
Read more
to commission its wind turbine pilot project, the first in the
kingdom, next month, the state oil company said on Sunday, part
of nationwide plans to diversify energy supplies and to meet an
increase in demand.
Read more
Only the hardiest remain at Dakota protest camp
CANNON BALL, N.D., Dec 18 (Reuters) - Two weeks after a
victory in their fight against the Dakota Access Pipeline, most
protesters have cleared out of the main protest camp in North
Dakota - but about 1,000 are still there, and plan to remain
through the winter.
Read more
victory in their fight against the Dakota Access Pipeline, most
protesters have cleared out of the main protest camp in North
Dakota - but about 1,000 are still there, and plan to remain
through the winter.
Read more
Saturday, December 17, 2016
UPDATE 1-Venezuela postpones currency move after chaos, protests
CARACAS, Dec 17 (Reuters) - Venezuelan President Nicolas
Maduro suspended on Saturday the elimination of the country's
largest denomination bill, which had sparked cash shortages and
nationwide unrest, saying the measure would be postponed until
early January.
Read more
Maduro suspended on Saturday the elimination of the country's
largest denomination bill, which had sparked cash shortages and
nationwide unrest, saying the measure would be postponed until
early January.
Read more
RPT-Actor DiCaprio says climate action is U.S.'s 'biggest economic opportunity'
NEW YORK, Dec 17 (Thomson Reuters Foundation) - Tackling
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
Actor DiCaprio says climate action is U.S.'s 'biggest economic opportunity'
NEW YORK, Dec 17 (Thomson Reuters Foundation) - Tackling
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
Friday, December 16, 2016
Japan's Idemitsu to acquire stakes in Showa Shell by year-end -Nikkei
TOKYO, Dec 17 (Reuters) - Japanese refiner Idemitsu Kosan Co
will acquire 33.24 percent of Showa Shell by
the end of the year, with the anti-monopoly watchdog expected
to approve their merger proposal next week, the Nikkei business
daily said on Saturday.
Read more
will acquire 33.24 percent of Showa Shell by
the end of the year, with the anti-monopoly watchdog expected
to approve their merger proposal next week, the Nikkei business
daily said on Saturday.
Read more
Koch escalates tax reform battle with report on gasoline prices
WASHINGTON, Dec 16 (Reuters) - A Koch Industries-funded
report warned on Friday U.S. gasoline prices would rise if
Congress passed a Republican proposal to adjust U.S. corporate
tax rates to favor exports over imports, escalating a lobbying
battle over the measure.
Read more
report warned on Friday U.S. gasoline prices would rise if
Congress passed a Republican proposal to adjust U.S. corporate
tax rates to favor exports over imports, escalating a lobbying
battle over the measure.
Read more
Former Rio governor Cabral to stand trial on corruption charges
RIO DE JANEIRO, Dec 16 (Reuters) - A former governor of Rio
de Janeiro state will face trial on corruption and money
laundering charges, a crusading anti-graft judge ruled on
Friday.
Read more
de Janeiro state will face trial on corruption and money
laundering charges, a crusading anti-graft judge ruled on
Friday.
Read more
Engie Energia Chile secures financing for key power project
SANTIAGO, Dec 16 (Reuters) - Engie Energia Chile
said in a note to regulators on Friday that it had secured
financing to build an energy transmission line between the
nation's two power grids, shaking up the way consumers receive
power in the South American nation.
Read more
said in a note to regulators on Friday that it had secured
financing to build an energy transmission line between the
nation's two power grids, shaking up the way consumers receive
power in the South American nation.
Read more
As bruising year ends, U.S. refiners brace for more costly regulations
NEW YORK, Dec 16 (Reuters) - U.S. refiners such as Valero
Energy Corp and Marathon Petroleum Corp are
bracing for stricter, smog-busting gasoline regulations set to
hit in January, threatening more headwinds for an industry that
has just endured its least profitable year since the shale boom
started five years ago.
Read more
Energy Corp and Marathon Petroleum Corp are
bracing for stricter, smog-busting gasoline regulations set to
hit in January, threatening more headwinds for an industry that
has just endured its least profitable year since the shale boom
started five years ago.
Read more
Polish regulator approves PGNiG gas price hike for Q1 2017
WARSAW, Dec 16 (Reuters) - Poland's biggest gas firm PGNiG
will increase the price of high-methane gas it sells by 12.2
percent and the price of nitrogen-rich gas by 13.4 percent from
the start of next year, the company said, citing an approval
from energy regulator URE.
Read more
will increase the price of high-methane gas it sells by 12.2
percent and the price of nitrogen-rich gas by 13.4 percent from
the start of next year, the company said, citing an approval
from energy regulator URE.
Read more
Britain's FTSE posts 2nd week of gains, oil lends support
* Micro Focus falls after downgrade
(Recasts, adds quote and detail, updates prices at close)
Read more
(Recasts, adds quote and detail, updates prices at close)
Read more
'Honeymoon ending?' Canada's Trudeau sees first big drop in polls
OTTAWA, Dec 16 (Reuters) - Canadian Prime Minister Justin
Trudeau's approval rating has dropped 10 percentage points in
the last three months amid rising dissatisfaction with the
economy and concern about pipeline approvals, a public opinion
poll released on Friday showed.
Read more
Trudeau's approval rating has dropped 10 percentage points in
the last three months amid rising dissatisfaction with the
economy and concern about pipeline approvals, a public opinion
poll released on Friday showed.
Read more
CANADA STOCKS-TSX gains as higher oil, steady gold help resource stocks
TORONTO, Dec 16 (Reuters) - Canada's main stock index rose
on Friday as higher oil prices helped heavyweight energy stocks
lead broad gains and gold miners recovered as the price of the
precious metal steadied.
Read more
on Friday as higher oil prices helped heavyweight energy stocks
lead broad gains and gold miners recovered as the price of the
precious metal steadied.
Read more
Poland may expand consortium bidding for EDF's Polish assets - minister
WARSAW, Dec 16 (Reuters) - Poland could expand a consortium
of Polish companies bidding for French utility EDF's
power assets in the country, Polish Energy Minister Krzysztof
Tchorzewski said on Friday.
Read more
of Polish companies bidding for French utility EDF's
power assets in the country, Polish Energy Minister Krzysztof
Tchorzewski said on Friday.
Read more
COLUMN-U.S. distillate demand set to rise in 2017: Kemp
LONDON, Dec 16 (Reuters) - U.S. refiners are likely to see
stronger demand for middle distillates such as heating oil and
diesel in 2017 after two years of declining domestic
consumption.
Read more
stronger demand for middle distillates such as heating oil and
diesel in 2017 after two years of declining domestic
consumption.
Read more
Russia c.bank head says rate cut more likely in Q2
MOSCOW, Dec 16 (Reuters) - Russia's central bank is more
likely to cut its key rate in the second quarter of next year
than in the first quarter, the bank's governor, Elvira
Nabiullina, told a news conference on Friday.
Read more
likely to cut its key rate in the second quarter of next year
than in the first quarter, the bank's governor, Elvira
Nabiullina, told a news conference on Friday.
Read more
Odebrecht ex-exec says Brazil president negotiated donation -report
SAO PAULO, Dec 16 (Reuters) - A former senior executive at
Odebrecht SA testified that Brazilian President
Michel Temer took part in a 2010 meeting regarding donations to
his party in return for deals with state oil company Petroleo
Brasileiro SA, Folha de S.Paulo reported on Friday.
Read more
Odebrecht SA testified that Brazilian President
Michel Temer took part in a 2010 meeting regarding donations to
his party in return for deals with state oil company Petroleo
Brasileiro SA, Folha de S.Paulo reported on Friday.
Read more
UPDATE 1-EDF Energy breaks ranks to cut UK winter household gas prices
Dec 16 (Reuters) - EDF Energy on Friday became
Britain's first big energy supplier to announce household winter
gas price cuts, breaking ranks with three rivals who have opted
to freeze prices instead.
Read more
Britain's first big energy supplier to announce household winter
gas price cuts, breaking ranks with three rivals who have opted
to freeze prices instead.
Read more
Japan to create baseload power market to promote competition
TOKYO, Dec 16 (Reuters) - Japan's trade ministry panel on
Friday agreed to set up a baseload power market to ensure equal
access to cheap power supplies for new power retail companies as
part of reforms to foster competition in the market.
Read more
Friday agreed to set up a baseload power market to ensure equal
access to cheap power supplies for new power retail companies as
part of reforms to foster competition in the market.
Read more
Turkey arrests Dogan executive in Gulen-linked probe - state media
ISTANBUL, Dec 16 (Reuters) - Turkey has formally arrested an
executive of Dogan Holding, a conglomerate with major
media interests, in a widening probe into a U.S.-based cleric
Ankara accuses of masterminding July's attempted coup.
Read more
executive of Dogan Holding, a conglomerate with major
media interests, in a widening probe into a U.S.-based cleric
Ankara accuses of masterminding July's attempted coup.
Read more
Thursday, December 15, 2016
Iraq boosts oil sales to China, U.S., India before OPEC supply cuts bite - sources
SINGAPORE/BEIJING, Dec 16 (Reuters) - Iraq is selling more
crude oil to its biggest customer, China's Unipec, people
familiar with the matter say, digging a deeper foothold in the
global supply market just before production cuts agreed with
OPEC and other producers are scheduled to kick in.
Read more
crude oil to its biggest customer, China's Unipec, people
familiar with the matter say, digging a deeper foothold in the
global supply market just before production cuts agreed with
OPEC and other producers are scheduled to kick in.
Read more
High-flying Freeport CEO steers towards new Indonesia mining deal
JAKARTA, Dec 16 (Reuters) - Chappy Hakim, a retired air
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
Read more
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
Read more
China bars banks from funding coal, steel "zombie firms"
BEIJING, Dec 16 (Reuters) - China's banking regulator said
on Friday that banks must strictly control credit to coal and
steel firms that are violating capacity cuts, the latest in a
series of regulations aimed at reducing loans to industries
struggling with over-capacity.
Read more
on Friday that banks must strictly control credit to coal and
steel firms that are violating capacity cuts, the latest in a
series of regulations aimed at reducing loans to industries
struggling with over-capacity.
Read more
InterOil says raises cap on additional cash payment in Exxon deal
Dec 15 (Reuters) - InterOil Corp said it has
increased the cap on an additional cash payment based on the
output from a natural gas field in Papua New Guinea that was
part of its sale agreement with ExxonMobil Corp.
Read more
increased the cap on an additional cash payment based on the
output from a natural gas field in Papua New Guinea that was
part of its sale agreement with ExxonMobil Corp.
Read more
Coalition of 24 states urges Trump to kill Obama's carbon emission plan
Dec 15 (Reuters) - Officials in 24 states have urged U.S.
President-elect Donald Trump to kill the centerpiece of
President Barack Obama's strategy to combat climate change and
shut down coal-fired power plants.
Read more
President-elect Donald Trump to kill the centerpiece of
President Barack Obama's strategy to combat climate change and
shut down coal-fired power plants.
Read more
RPT-COLUMN-U.S. Energy Department unfairly criticised over spending, forecasts: Kemp
LONDON, Dec 15 (Reuters) - The U.S. Department of Energy has
become a lightning rod for criticism in parts of the Republican
Party and the fossil fuels industry unhappy about the Obama
administration's energy and climate policies.
Read more
become a lightning rod for criticism in parts of the Republican
Party and the fossil fuels industry unhappy about the Obama
administration's energy and climate policies.
Read more
UPDATE 1-Ecuador sends troops to Chinese copper exploration project after protest
QUITO, Dec 15 (Reuters) - Ecuador sent soldiers and police
on Thursday to an isolated jungle area after a policeman was
killed and several security officials injured in a violent
protest against a Chinese copper exploration project amid
conflicts between mining companies and indigenous communities.
Read more
on Thursday to an isolated jungle area after a policeman was
killed and several security officials injured in a violent
protest against a Chinese copper exploration project amid
conflicts between mining companies and indigenous communities.
Read more
UPDATE 1-World Bank units add $517 mln to Ghana oil, gas project financing
ACCRA, Dec 15 (Reuters) - The World Bank Group said on
Thursday it two of its units would provide another $517 million
to Ghana in debt and guarantees to support the $7.7 billion
Sankofa oil and gas project developed by Italy's ENI SpA
and upstream trader Vitol Ghana.
Read more
Thursday it two of its units would provide another $517 million
to Ghana in debt and guarantees to support the $7.7 billion
Sankofa oil and gas project developed by Italy's ENI SpA
and upstream trader Vitol Ghana.
Read more
World Bank Group to provide $517 mln for Ghana oil and gas project
ACCRA, Dec 15 (Reuters) - The World Bank Group said on
Thursday it would provide $517 million to Ghana in debt and
guarantees to support the $7.7 billion Sankofa oil and gas
project being developed by Italy's ENI and upstream
trader Vitol Ghana.
Read more
Thursday it would provide $517 million to Ghana in debt and
guarantees to support the $7.7 billion Sankofa oil and gas
project being developed by Italy's ENI and upstream
trader Vitol Ghana.
Read more
UPDATE 3-Brazil prosecutors hit ex-president Lula with more corruption charges
SAO PAULO, Dec 15 (Reuters) - Prosecutors on Thursday
charged former Brazilian President Luiz Inacio Lula da Silva,
his wife and a former finance minister with more corruption
charges in the investigation of graft at state-run oil company
Petrobras.
Read more
charged former Brazilian President Luiz Inacio Lula da Silva,
his wife and a former finance minister with more corruption
charges in the investigation of graft at state-run oil company
Petrobras.
Read more
Brazil's Temer unveils stimulus steps to kickstart stalled economy
BRASILIA, Dec 15 (Reuters) - Brazilian President Michel
Temer on Thursday unveiled measures to reduce bureaucracy and
raise productivity to help pull Brazil from its worst recession
on record amid growing popular discontent.
Read more
Temer on Thursday unveiled measures to reduce bureaucracy and
raise productivity to help pull Brazil from its worst recession
on record amid growing popular discontent.
Read more
UPDATE 2-Corpus Christi halts tap water use due to suspected chemical leak
AUSTIN, Texas, Dec 15 (Reuters) - The Texas city of Corpus
Christi told its nearly 320,000 residents on Thursday to stop
using tap water due to possible contamination from an industrial
chemical leak, sparking a run on bottled water.
Read more
Christi told its nearly 320,000 residents on Thursday to stop
using tap water due to possible contamination from an industrial
chemical leak, sparking a run on bottled water.
Read more
UPDATE 1-Canadian Natural Resources says 2017 production to rise 6 pct
CALGARY, Alberta, Dec 15 (Reuters) - Canadian Natural
Resources Ltd said on Thursday that it expected
2017 production to rise by 6 percent and set its capital budget
for next year at C$3.89 billion ($2.92 billion), a slight
increase from C$3.84 million in 2016.
Read more
Resources Ltd said on Thursday that it expected
2017 production to rise by 6 percent and set its capital budget
for next year at C$3.89 billion ($2.92 billion), a slight
increase from C$3.84 million in 2016.
Read more
UPDATE 2-Trump names Montana Congressman Zinke to lead Interior Dept
WASHINGTON, Dec 15 (Reuters) - President-elect Donald Trump
on Thursday named U.S. Representative Ryan Zinke of Montana, a
former Navy SEAL commander and a proponent of coal development
on federal lands, as his choice for secretary of the interior.
Read more
on Thursday named U.S. Representative Ryan Zinke of Montana, a
former Navy SEAL commander and a proponent of coal development
on federal lands, as his choice for secretary of the interior.
Read more
Corpus Christi, Texas tells residents to stop using tap water
AUSTIN, Texas, Dec 15 (Reuters) - The Texas city of Corpus
Christi has told its nearly 320,000 residents to stop using tap
water due to possible contamination from an industrial chemical
leak, city officials said on Thursday.
Read more
Christi has told its nearly 320,000 residents to stop using tap
water due to possible contamination from an industrial chemical
leak, city officials said on Thursday.
Read more
UPDATE 1-Congo wants social media blocked before expected anti-Kabila demos
KINSHASA, Dec 15 (Reuters) - Authorities in the Democratic
Republic of Congo have asked telecoms companies to block social
media networks from Sunday night, apparently to thwart
anticipated protests against plans by President Joseph Kabila to
stay in power beyond the end of his mandate.
Read more
Republic of Congo have asked telecoms companies to block social
media networks from Sunday night, apparently to thwart
anticipated protests against plans by President Joseph Kabila to
stay in power beyond the end of his mandate.
Read more
Drilling firms Rowan, Nabors aim to boost Saudi manufacturing
KHOBAR, Saudi Arabia, Dec 15 (Reuters) - U.S.-listed Rowan
Companies announced plans for its first rig from a new
joint venture in Saudi Arabia and Nabors Industries said
it is seeking to boost its manufacturing in the world's largest
oil exporter.
Read more
Companies announced plans for its first rig from a new
joint venture in Saudi Arabia and Nabors Industries said
it is seeking to boost its manufacturing in the world's largest
oil exporter.
Read more
UPDATE 1-Pipeline from Libya's Sharara and El Feel oil fields reopens - spokesman
TRIPOLI, Dec 15 (Reuters) - A military faction in Libya has
reopened a pipeline leading from the major oil fields of Sharara
and El Feel in the west after blocking it for two years, a
spokesman for the group said on Thursday.
Read more
reopened a pipeline leading from the major oil fields of Sharara
and El Feel in the west after blocking it for two years, a
spokesman for the group said on Thursday.
Read more
COLUMN-U.S. Energy Department unfairly criticised over spending, forecasts: Kemp
LONDON, Dec 15 (Reuters) - The U.S. Department of Energy has
become a lightning rod for criticism in parts of the Republican
Party and the fossil fuels industry unhappy about the Obama
administration's energy and climate policies.
Read more
become a lightning rod for criticism in parts of the Republican
Party and the fossil fuels industry unhappy about the Obama
administration's energy and climate policies.
Read more
MIDEAST STOCKS-Most markets fall after Fed rate hike but retail investors boost Saudi
DUBAI, Dec 15 (Reuters) - Most major Middle Eastern stock
markets fell on Thursday after the U.S. central bank raised
interest rates but buying by local retail investors lifted Saudi
Arabia.
Read more
markets fell on Thursday after the U.S. central bank raised
interest rates but buying by local retail investors lifted Saudi
Arabia.
Read more
UPDATE 2-EDF shares slump after warning of lower earnings in 2017
* Overcapacity, low demand depress power prices
(Adds detail about earnings, stock price, analyst comment)
Read more
(Adds detail about earnings, stock price, analyst comment)
Read more
Indonesia mining export rule changes needs law revision
JAKARTA, Dec 15 (Reuters) - Indonesia needs to revise its
mining law to ease a ban on mineral ore exports and is unlikely
to meet a deadline of early next year for the change, senior
politicians warned on Thursday.
Read more
mining law to ease a ban on mineral ore exports and is unlikely
to meet a deadline of early next year for the change, senior
politicians warned on Thursday.
Read more
Traders charter long-range vessels to temporarily store gasoil
SINGAPORE, Dec 15 (Reuters) - Traders are temporarily
storing gasoil on vessels in the waters off Singapore as they
anticipate demand for the fuel to go up in the coming months,
industry sources said on Thursday.
Read more
storing gasoil on vessels in the waters off Singapore as they
anticipate demand for the fuel to go up in the coming months,
industry sources said on Thursday.
Read more
UPDATE 1-Petrofac says services business sees higher bidding activity
Dec 15 (Reuters) - British oilfield services company
Petrofac Ltd said deferral and cancellation of projects
hurt order intake at its biggest unit this year, but the
recovery in oil prices has helped improve bidding activity for
services contracts in the final quarter.
Read more
Petrofac Ltd said deferral and cancellation of projects
hurt order intake at its biggest unit this year, but the
recovery in oil prices has helped improve bidding activity for
services contracts in the final quarter.
Read more
U.N.'s Egeland: hopeful about Aleppo deal but UN involved late
GENEVA, Dec 15 (Reuters) - U.N. humanitarian adviser for
Syria Jan Egeland said on Thursday that he was hopeful about the
evacuation of thousands of civilians from eastern Aleppo but
that Russia had only just asked for U.N. involvement, which was
very late.
Read more
Syria Jan Egeland said on Thursday that he was hopeful about the
evacuation of thousands of civilians from eastern Aleppo but
that Russia had only just asked for U.N. involvement, which was
very late.
Read more
Russia will ship 4.5 mln T of crude to Belarus in Jan-March 2017 - traders
MOSCOW, Dec 15 (Reuters) - Russia will increase pipeline
crude oil shipments to Belarus by 1.5 million tonnes in
January-March 2017 compared to October-December 2016, to 4.5
million tonnes, traders told Reuters, citing an export schedule
for the first quarter of 2017.
Read more
crude oil shipments to Belarus by 1.5 million tonnes in
January-March 2017 compared to October-December 2016, to 4.5
million tonnes, traders told Reuters, citing an export schedule
for the first quarter of 2017.
Read more
Wednesday, December 14, 2016
UPDATE 1-Hezbollah media says deal on track to let rebels leave Aleppo
AMMAN, Dec 15 (Reuters) - A military media unit run by
Damascus's ally Hezbollah said early on Thursday that overnight
contacts succeeded in reviving a ceasefire that would lead to
the evacuation of rebels from Aleppo "within hours".
Read more
Damascus's ally Hezbollah said early on Thursday that overnight
contacts succeeded in reviving a ceasefire that would lead to
the evacuation of rebels from Aleppo "within hours".
Read more
UPDATE 2-California adopts first U.S. energy-saving rules for computers
LOS ANGELES, Dec 14 (Reuters) - California regulators on
Wednesday adopted the nation's first mandatory energy efficiency
rules for computers and monitors - devices that account for 3
percent of home electric bills and 7 percent of commercial power
costs in the state.
Read more
Wednesday adopted the nation's first mandatory energy efficiency
rules for computers and monitors - devices that account for 3
percent of home electric bills and 7 percent of commercial power
costs in the state.
Read more
Idemitsu, Showa Shell give up on stop-gap plan for capital ties -Mainichi
TOKYO, Dec 15 (Reuters) - Japanese oil refiners Idemitsu
Kosan and Showa Shell Sekiyu have effectively
given up on a stop-gap plan to form capital ties that was being
considered as a way to get around opposition from the Idemitsu
family to a full merger, the Mainichi newspaper reported.
Read more
Kosan and Showa Shell Sekiyu have effectively
given up on a stop-gap plan to form capital ties that was being
considered as a way to get around opposition from the Idemitsu
family to a full merger, the Mainichi newspaper reported.
Read more
Oil prices fall after U.S. hikes interest rates
SINGAPORE, Dec 15 (Reuters) - Oil prices dropped on Thursday
as a hike in U.S. interest rates prompted a flood of money away
from commodities and into U.S. bonds and the dollar.
Read more
as a hike in U.S. interest rates prompted a flood of money away
from commodities and into U.S. bonds and the dollar.
Read more
South Korea's powerful business lobby group dealt big blow by Park scandal
SEOUL, Dec 15 (Reuters) - Long the voice of the
conglomerates that form the engine of South Korea's economy, the
Federation of Korean Industries could become another casualty of
the scandal that is poised to cost President Park Geun-hye her
job, as key members flee.
Read more
conglomerates that form the engine of South Korea's economy, the
Federation of Korean Industries could become another casualty of
the scandal that is poised to cost President Park Geun-hye her
job, as key members flee.
Read more
UPDATE 2-GE sticks to $2 EPS target for 2018, sells more assets
Dec 14 (Reuters) - General Electric Co on Wednesday
renewed its forecast for strong earnings growth over the next
two years despite weak energy markets, and said it expects to
further build its 3-D printing and services businesses while
selling other franchises.
Read more
renewed its forecast for strong earnings growth over the next
two years despite weak energy markets, and said it expects to
further build its 3-D printing and services businesses while
selling other franchises.
Read more
UPDATE 3-Tillerson to hand over reins to Exxon's president Woods
Dec 14 (Reuters) - Exxon Mobil Corp said on
Wednesday its president, Darren Woods, will become chief
executive and chairman in January following the retirement of
Rex Tillerson, who is U.S. President-elect Donald Trump's choice
for secretary of state.
Read more
Wednesday its president, Darren Woods, will become chief
executive and chairman in January following the retirement of
Rex Tillerson, who is U.S. President-elect Donald Trump's choice
for secretary of state.
Read more
Brazil's Braskem to pay 3.1 bln reais in leniency deal for corruption case
SAO PAULO, Dec 14 (Reuters) - Brazil's Braskem SA
, the largest petrochemical producer in Latin America,
signed a leniency deal on Wednesday with Brazilian prosecutors
leading a sweeping corruption probe into political kickbacks at
state-run oil company Petrobras, the company said in
a securities filing.
Read more
, the largest petrochemical producer in Latin America,
signed a leniency deal on Wednesday with Brazilian prosecutors
leading a sweeping corruption probe into political kickbacks at
state-run oil company Petrobras, the company said in
a securities filing.
Read more
UPDATE 1-Protesters agree to end blockade of western Libya oil pipelines -officials
TRIPOLI, Dec 14 (Reuters) - Protesters blockading pipelines
to Libya's Sharara and El Feel oil fields have promised to
reopen them and production could restart in the coming days,
security officials and an oil industry source said on Wednesday.
Read more
to Libya's Sharara and El Feel oil fields have promised to
reopen them and production could restart in the coming days,
security officials and an oil industry source said on Wednesday.
Read more
Exxon says CEO Tillerson to retire at year-end
Dec 14 (Reuters) - Oil major Exxon Mobil Corp said
Chief Executive Rex Tillerson, who is U.S. President-elect
Donald Trump's pick for Secretary Of State, would retire at the
end of the year.
Read more
Chief Executive Rex Tillerson, who is U.S. President-elect
Donald Trump's pick for Secretary Of State, would retire at the
end of the year.
Read more
UPDATE 4-Trump picks climate skeptic Perry for top U.S. energy job
WASHINGTON, Dec 14 (Reuters) - President-elect Donald Trump
on Wednesday named former Texas Governor Rick Perry to head the
U.S. Department of Energy, handing the job to a climate change
skeptic with close ties to the oil industry who once proposed
abolishing the department.
Read more
on Wednesday named former Texas Governor Rick Perry to head the
U.S. Department of Energy, handing the job to a climate change
skeptic with close ties to the oil industry who once proposed
abolishing the department.
Read more
Georgia sees 4 percent growth, rise in revenues in 2017 budget
TBILISI, Dec 14 (Reuters) - Georgia expects state revenues
and spending to rise next year amid tax reform and forecasts 4
percent economic growth in the budget passed by the parliament
on Wednesday.
Read more
and spending to rise next year amid tax reform and forecasts 4
percent economic growth in the budget passed by the parliament
on Wednesday.
Read more
UK prosecutor drops Somali corruption inquiry into Soma Oil
LONDON, Dec 14 (Reuters) - UK prosecutors have closed a
17-month investigation into alleged bribery and corruption at
Soma Oil & Gas, a private UK exploration company seeking oil in
Somalia, despite finding "reasonable grounds" to suspect
wrongdoing.
Read more
17-month investigation into alleged bribery and corruption at
Soma Oil & Gas, a private UK exploration company seeking oil in
Somalia, despite finding "reasonable grounds" to suspect
wrongdoing.
Read more
UPDATE 2-Nigerian deficit to rise as Buhari presents record budget
ABUJA, Dec 14 (Reuters) - Nigeria expects its 2017 deficit
to rise to 2.36 trillion naira ($7.75 billion), President
Muhammadu Buhari said on Wednesday, as the government tries to
drag Africa's biggest economy out of recession with a budget
that foresees record spending.
Read more
to rise to 2.36 trillion naira ($7.75 billion), President
Muhammadu Buhari said on Wednesday, as the government tries to
drag Africa's biggest economy out of recession with a budget
that foresees record spending.
Read more
UPDATE 1-EDF's board approves partial sale of its grid unit RTE -source
PARIS, Dec 14 (Reuters) - French utility EDF's
board has approved the partial sale of the firm's high-voltage
power grid unit RTE to state bank Caisse des Depots, a source
familiar with the situation said.
Read more
board has approved the partial sale of the firm's high-voltage
power grid unit RTE to state bank Caisse des Depots, a source
familiar with the situation said.
Read more
Germany risks missing 2020 climate targets, ministry report shows
BERLIN, Dec 14 (Reuters) - Germany is at risk of missing its
2020 target for cutting greenhouse gas emissions by 40 percent
from 1990, an environment ministry report showed on Wednesday.
Read more
2020 target for cutting greenhouse gas emissions by 40 percent
from 1990, an environment ministry report showed on Wednesday.
Read more
UPDATE 2-Trump's energy pick Perry likely a boost for oil, worry for environmentalists
WASHINGTON, Dec 14 (Reuters) - U.S. President-elect Donald
Trump on Wednesday formally named former Texas governor Rick
Perry to lead the Department of Energy, adding to the list of
oil-drilling advocates skeptical about climate change filling
out his Cabinet selections.
Read more
Trump on Wednesday formally named former Texas governor Rick
Perry to lead the Department of Energy, adding to the list of
oil-drilling advocates skeptical about climate change filling
out his Cabinet selections.
Read more
RPT-COLUMN-China coal output trend points to lower seaborne prices: Russell
LAUNCESTON, Australia, Dec 14 (Reuters) - When it comes to
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
RPT-U.S. Democrats enlist experts to scour Tillerson's business record
WASHINGTON, Dec 13 (Reuters) - U.S. Senate Democrats plan to
enlist accountants and legal experts to pore through the
business records of Exxon Mobil Chief Executive Rex
Tillerson, President-elect Donald Trump's pick for secretary of
state, Democratic aides said.
Read more
enlist accountants and legal experts to pore through the
business records of Exxon Mobil Chief Executive Rex
Tillerson, President-elect Donald Trump's pick for secretary of
state, Democratic aides said.
Read more
WIDER IMAGE-Reindeer herding in Russia's remote Arctic
KRASNOYE, Russia, Dec 14 (Reuters) - In Russia's remote
Arctic regions, reindeer herding has been a way of life for
centuries.
Read more
Arctic regions, reindeer herding has been a way of life for
centuries.
Read more
Berlin: Need answers to avoid delaying debt measures for Greece
BERLIN, Dec 14 (Reuters) - Germany has asked the
institutions involved in Greece's aid programme to assess
whether Greek reforms are compatible with its bailout
obligations and wants a quick answer to avoid delaying
short-term debt measures, a finance ministry spokesman said.
Read more
institutions involved in Greece's aid programme to assess
whether Greek reforms are compatible with its bailout
obligations and wants a quick answer to avoid delaying
short-term debt measures, a finance ministry spokesman said.
Read more
UN seeks to stop South Sudan atrocities from sparking wider war
GENEVA, Dec 14 (Reuters) - The international community can
stop a "Rwanda-like" genocide in South Sudan if it immediately
deploys a 4,000-strong protection force and sets up a court to
prosecute atrocities, the head of a U.N. human rights commission
said on Wednesday.
Read more
stop a "Rwanda-like" genocide in South Sudan if it immediately
deploys a 4,000-strong protection force and sets up a court to
prosecute atrocities, the head of a U.N. human rights commission
said on Wednesday.
Read more
Oilfield services firm Wood Group reaffirms 2016 EBITA forecast
Dec 14 (Reuters) - Oilfield services company John Wood Group
Plc reaffirmed its full-year EBITA forecast and said it
sees indications of modest recovery in selected markets, but
warned that challenging market conditions are likely to persist
in 2017.
Read more
Plc reaffirmed its full-year EBITA forecast and said it
sees indications of modest recovery in selected markets, but
warned that challenging market conditions are likely to persist
in 2017.
Read more
Tuesday, December 13, 2016
COLUMN-China coal output trend points to lower seaborne prices: Russell
LAUNCESTON, Australia, Dec 14 (Reuters) - When it comes to
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
RPT-U.S. Democrats enlist experts to scour Tillerson's business record
WASHINGTON, Dec 13 (Reuters) - U.S. Senate Democrats plan to
enlist accountants and legal experts to pore through the
business records of Exxon Mobil Chief Executive Rex
Tillerson, President-elect Donald Trump's pick for secretary of
state, Democratic aides said.
Read more
enlist accountants and legal experts to pore through the
business records of Exxon Mobil Chief Executive Rex
Tillerson, President-elect Donald Trump's pick for secretary of
state, Democratic aides said.
Read more
U.S. Democrats enlist experts to scour Tillerson's business record
WASHINGTON, Dec 13 (Reuters) - U.S. Senate Democrats plan to
enlist accountants and legal experts to pore through the
business records of Exxon Mobil Chief Executive Rex
Tillerson, President-elect Donald Trump's pick for secretary of
state, Democratic aides said.
Read more
enlist accountants and legal experts to pore through the
business records of Exxon Mobil Chief Executive Rex
Tillerson, President-elect Donald Trump's pick for secretary of
state, Democratic aides said.
Read more
S.Korea pairs state utility, private tech giants in $37 bln bid to seize global green energy lead
SEOUL, Dec 14 (Reuters) - South Korea aims to vault from
laggard to leader in the renewable energy industry, as Seoul
prepares to hook the country's tech giants up to nearly $40
billion in public funds in a bold plan to become a new global
leader in green power.
Read more
laggard to leader in the renewable energy industry, as Seoul
prepares to hook the country's tech giants up to nearly $40
billion in public funds in a bold plan to become a new global
leader in green power.
Read more
UPDATE 1-Trump chooses congressman Zinke for interior secretary - reports
Dec 13 (Reuters) - U.S. President-elect Donald Trump chose
first-term Republican Representative Ryan Zinke of Montana, a
former Navy SEAL commander, as his interior secretary, according
to media reports.
Read more
first-term Republican Representative Ryan Zinke of Montana, a
former Navy SEAL commander, as his interior secretary, according
to media reports.
Read more
West Coast states to fight climate change even if Trump does not
CORONADO, Calif., Dec 13 (Reuters) - The governors of the
three U.S. West Coast states on Tuesday vowed to step up their
efforts to fight climate change in the face of the incoming
administration of President-elect Donald Trump, who has
dismissed global warming as a hoax.
Read more
three U.S. West Coast states on Tuesday vowed to step up their
efforts to fight climate change in the face of the incoming
administration of President-elect Donald Trump, who has
dismissed global warming as a hoax.
Read more
Nigerian parliament opens inquiry into long-disputed Shell, Eni oil field
ABUJA, Dec 13 (Reuters) - Nigeria's lower house opened an
investigation on Tuesday into an offshore oil field owned by
Royal Dutch Shell and Eni, the latest inquiry
into their acquisition of the OPL 245 licence block which could
hold up to 9.23 billion barrels of oil, according to industry
figures.
Read more
investigation on Tuesday into an offshore oil field owned by
Royal Dutch Shell and Eni, the latest inquiry
into their acquisition of the OPL 245 licence block which could
hold up to 9.23 billion barrels of oil, according to industry
figures.
Read more
North Dakota pipeline spill cleanup ongoing a week after leak
HOUSTON, Dec 13 (Reuters) - Roughly a third of the more than
3,000 barrels of oil that spilled into a North Dakota creek
following a pipeline leak last week has been recovered, a local
official said on Tuesday.
Read more
3,000 barrels of oil that spilled into a North Dakota creek
following a pipeline leak last week has been recovered, a local
official said on Tuesday.
Read more
UPDATE 1-U.S. Energy Dept balks at Trump request for names on climate change
WASHINGTON, Dec 13 (Reuters) - The U.S. Energy Department
said on Tuesday it will not comply with a request from
President-elect Donald Trump's Energy Department transition team
for the names of people who have worked on climate change and
the professional society memberships of lab workers.
Read more
said on Tuesday it will not comply with a request from
President-elect Donald Trump's Energy Department transition team
for the names of people who have worked on climate change and
the professional society memberships of lab workers.
Read more
Desperate to dump soon-worthless cash, Venezuelans flock to banks
CARACAS, Venezuela, Dec 13 (Reuters) - Lining up from dawn
with backpacks and plastic bags full of cash, Venezuelans
flocked to banks across the nation on Tuesday to ditch
100-bolivar bills after President Nicolas Maduro's surprise move
to pull them from circulation.
Read more
with backpacks and plastic bags full of cash, Venezuelans
flocked to banks across the nation on Tuesday to ditch
100-bolivar bills after President Nicolas Maduro's surprise move
to pull them from circulation.
Read more
Fracking harms drinking water in 'some circumstances,' EPA concludes
WASHINGTON, Dec 13 (Reuters) - Fracking for oil and natural
gas can contaminate drinking water under "some circumstances,"
the Environmental Protection Agency said in a report released
Tuesday, which changes a previous finding that the drilling
process does not cause "widespread, systemic" effects.
Read more
gas can contaminate drinking water under "some circumstances,"
the Environmental Protection Agency said in a report released
Tuesday, which changes a previous finding that the drilling
process does not cause "widespread, systemic" effects.
Read more
UPDATE 7-Oil prices rise as Middle East producers confirm supply cuts
* Indian fuel demand continues to soar
(New throughout, updates prices and market activity, adds
second byline and NEW YORK dateline)
Read more
(New throughout, updates prices and market activity, adds
second byline and NEW YORK dateline)
Read more
Trump to pick former Texas Governor Perry as Energy Secretary
WASHINGTON, Dec 13 (Reuters) - President-elect Donald Trump
has chosen former Texas Governor Rick Perry to head the U.S.
Department of Energy, a transition official said, putting him in
charge of the agency he proposed eliminating during his bid for
the 2012 Republican presidential nomination.
Read more
has chosen former Texas Governor Rick Perry to head the U.S.
Department of Energy, a transition official said, putting him in
charge of the agency he proposed eliminating during his bid for
the 2012 Republican presidential nomination.
Read more
UPDATE 1-Russia's Gazprom Neft, Iran's NIOC agree Iranian oil field studies
TEHRAN/MOSCOW/BEIRUT, Dec 13 (Reuters) - Russian oil
producer Gazprom Neft and National Iranian Oil Company
(NIOC) agreed on Tuesday to conduct a study into the possible
development of two oil fields in Iran, Russia's energy ministry
Alexander Novak said.
Read more
producer Gazprom Neft and National Iranian Oil Company
(NIOC) agreed on Tuesday to conduct a study into the possible
development of two oil fields in Iran, Russia's energy ministry
Alexander Novak said.
Read more
UPDATE 2-Trump taps Exxon CEO Tillerson as top U.S. diplomat
WASHINGTON, Dec 13 (Reuters) - U.S. President-elect Donald
Trump announced Exxon Mobil Corp Chief Executive Officer
Rex Tillerson as his choice for secretary of state on Tuesday,
praising him as a successful international dealmaker who leads a
global operation.
Read more
Trump announced Exxon Mobil Corp Chief Executive Officer
Rex Tillerson as his choice for secretary of state on Tuesday,
praising him as a successful international dealmaker who leads a
global operation.
Read more
Russia says wants peace deal with Japan but sees no quick fix
MOSCOW, Dec 13 (Reuters) - Russia wants to boost bilateral
ties with Japan on all fronts and hopes to reach a peace treaty
with its eastern neighbour, Kremlin aide Yuri Ushakov said on
Tuesday, adding however that agreeing a peace treaty needed
"scrupulous work."
Read more
ties with Japan on all fronts and hopes to reach a peace treaty
with its eastern neighbour, Kremlin aide Yuri Ushakov said on
Tuesday, adding however that agreeing a peace treaty needed
"scrupulous work."
Read more
E.ON invests in UK start up that uses sails to harness wind power
FRANKFURT, Dec 13 (Reuters) - German energy group E.ON
has invested in a British start-up business that uses
sails instead of rotors to harness wind energy.
Read more
has invested in a British start-up business that uses
sails instead of rotors to harness wind energy.
Read more
China's Sinopec weighs takeover of Gulf Keystone - Bbg
Dec 13 (Reuters) - China's Sinopec Corp
is weighing a takeover of Gulf Keystone Petroleum
, an oil company focused on Iraqi Kurdistan, Bloomberg
reported on Tuesday.
Read more
is weighing a takeover of Gulf Keystone Petroleum
, an oil company focused on Iraqi Kurdistan, Bloomberg
reported on Tuesday.
Read more
UPDATE 1-UBM to buy Allworld in Asia push, Middle East foray
Dec 13 (Reuters) - Event organiser UBM Plc said it
would buy Asian exhibitions company Allworld for $485 million in
cash, strengthening its position in Asia and providing an entry
into the Middle East.
Read more
would buy Asian exhibitions company Allworld for $485 million in
cash, strengthening its position in Asia and providing an entry
into the Middle East.
Read more
UPDATE 1-De Beers diamond sales tempered by India's cash crackdown
* Sales still higher than a year ago
(Adds detail, background, Gemfields emerald sale delayed)
Read more
(Adds detail, background, Gemfields emerald sale delayed)
Read more
UPDATE 1-CEO of Russia's Lukoil says declined offers to buy stake
MOSCOW, Dec 13 (Reuters) - Vagit Alekperov, the
long-standing chief executive and major shareholder of Russia's
No.2 oil producer Lukoil, said he had declined to sell
his stake in the company around three years ago and there were
no more such proposals.
Read more
long-standing chief executive and major shareholder of Russia's
No.2 oil producer Lukoil, said he had declined to sell
his stake in the company around three years ago and there were
no more such proposals.
Read more
China suitor tightens grip on Curacao oil project
BEIJING/HOUSTON, Dec 13 (Reuters) - China's Guangdong
Zhenrong Energy Co will submit a plan by April to revamp a
century-old oil refinery in Curacao, as it seeks to secure a
$5.5 billion project that will give China a foothold in the
Caribbean's second-largest oil refinery.
Read more
Zhenrong Energy Co will submit a plan by April to revamp a
century-old oil refinery in Curacao, as it seeks to secure a
$5.5 billion project that will give China a foothold in the
Caribbean's second-largest oil refinery.
Read more
Event organiser UBM to buy Allworld in Middle East foray
Dec 13 (Reuters) - Event organiser UBM Plc said it
would buy Asian exhibitions company Allworld for $485 million in
cash, strengthening its position in Asia and providing an entry
into the Middle East.
Read more
would buy Asian exhibitions company Allworld for $485 million in
cash, strengthening its position in Asia and providing an entry
into the Middle East.
Read more
Monday, December 12, 2016
Beijing mulls ban on coal trucks, storage in Tianjin in smog fight
BEIJING, Dec 13 (Reuters) - Beijing's environmental watchdog
is considering a ban on the use of trucks to transport coal and
closing coal storage facilities in Tianjin, one of China's
busiest ports, a researcher with the agency said, in what would
be a drastic move to tackle smog.
Read more
is considering a ban on the use of trucks to transport coal and
closing coal storage facilities in Tianjin, one of China's
busiest ports, a researcher with the agency said, in what would
be a drastic move to tackle smog.
Read more
Trump to announce Exxon chief Tillerson as secretary of state
WASHINGTON, Dec 13 (Reuters) - President-elect Donald Trump
will announce Exxon-Mobil Corp's Rex Tillerson as his choice for
secretary of state on Tuesday, a senior transition official
said, confident that the oil executive can get past questions
about his ties to Russia.
Read more
will announce Exxon-Mobil Corp's Rex Tillerson as his choice for
secretary of state on Tuesday, a senior transition official
said, confident that the oil executive can get past questions
about his ties to Russia.
Read more
UPDATE 1-Patterson-UTI to buy Seventy Seven Energy for $1.76 bln including debt
Dec 12 (Reuters) - U.S. driller Patterson-UTI Energy Inc
said on Monday it would buy its smaller counterpart
Seventy Seven Energy Inc in an all-stock deal worth
$1.76 billion including debt.
Read more
said on Monday it would buy its smaller counterpart
Seventy Seven Energy Inc in an all-stock deal worth
$1.76 billion including debt.
Read more
UPDATE 2-China Nov refinery runs hit record high, crude output falls
* Price recovery to lead to slower declines in crude output
(Adds analyst comment, writes through)
Read more
(Adds analyst comment, writes through)
Read more
UPDATE 1-After Trump's win, China and Mexico move to deepen ties
MEXICO CITY, Dec 12 (Reuters) - China and Mexico pledged on
Monday to deepen ties at a meeting between their top diplomats
following last month's U.S. presidential election victory of
Donald Trump, who has tested Washington's relationship with both
countries.
Read more
Monday to deepen ties at a meeting between their top diplomats
following last month's U.S. presidential election victory of
Donald Trump, who has tested Washington's relationship with both
countries.
Read more
After Trump's win, China and Mexico move to deepen ties
MEXICO CITY, Dec 12 (Reuters) - China and Mexico pledged on
Monday to deepen ties at a meeting between their top diplomats
following last month's U.S. presidential election victory of
Donald Trump, who has tested Washington's relationship with both
countries.
Read more
Monday to deepen ties at a meeting between their top diplomats
following last month's U.S. presidential election victory of
Donald Trump, who has tested Washington's relationship with both
countries.
Read more
RPT-COLUMN-Hedge funds establish record bullish position in oil after OPEC: Kemp
LONDON, Dec 12 (Reuters) - Hedge funds were badly caught out
by the production cuts announced by OPEC at the end of last
month, triggering a furious rally as managers raced to buy back
loss-making short positions.
Read more
by the production cuts announced by OPEC at the end of last
month, triggering a furious rally as managers raced to buy back
loss-making short positions.
Read more
Bill Gates leads $1 bln fund to invest in clean energy
Dec 12 (Reuters) - Microsoft Corp founder Bill
Gates, along with a string of high-profile executives including
Facebook Inc Chief Executive Mark Zuckerberg and Alibaba
Group Holding Ltd Chairman Jack Ma, are investing more
than $1 billion in a clean energy fund.
Read more
Gates, along with a string of high-profile executives including
Facebook Inc Chief Executive Mark Zuckerberg and Alibaba
Group Holding Ltd Chairman Jack Ma, are investing more
than $1 billion in a clean energy fund.
Read more
Exxon's financial metrics mixed during Tillerson's decade as CEO
HOUSTON, Dec 12 (Reuters) - As the front-runner for U.S.
secretary of state, Exxon Mobil Corp Chief Executive Rex
Tillerson would bring a global business savvy seldom seen in a
Cabinet member, let alone the country's top diplomat.
Read more
secretary of state, Exxon Mobil Corp Chief Executive Rex
Tillerson would bring a global business savvy seldom seen in a
Cabinet member, let alone the country's top diplomat.
Read more
CANADA STOCKS-TSX's energy gain loses steam, index ends lower
TORONTO, Dec 12 (Reuters) - Canada's main stock index ended
slightly lower on Monday, breaking a six-day rally, as railway
stocks weighed and an early jump in energy stocks lost steam.
Read more
slightly lower on Monday, breaking a six-day rally, as railway
stocks weighed and an early jump in energy stocks lost steam.
Read more
UPDATE 2-U.S. senators struggle with Exxon CEO as Trump sec'y of state
WASHINGTON/NEW YORK, Dec 12 (Reuters) - The front-runner for
secretary of state in President-elect Donald Trump's
administration, Exxon Mobil chief executive Rex Tillerson, faces
a struggle getting confirmed by U.S. senators concerned about
his close ties to Russia.
Read more
secretary of state in President-elect Donald Trump's
administration, Exxon Mobil chief executive Rex Tillerson, faces
a struggle getting confirmed by U.S. senators concerned about
his close ties to Russia.
Read more
UPDATE 1-U.S. shale output set to rise in January as OPEC pulls back
NEW YORK, Dec 12 (Reuters) - U.S. shale production is set to
snap a five-month decline in January, the U.S. government said
on Monday, a move that comes just days after OPEC and rival
producers agreed to reduce crude output in an effort to boost
prices.
Read more
snap a five-month decline in January, the U.S. government said
on Monday, a move that comes just days after OPEC and rival
producers agreed to reduce crude output in an effort to boost
prices.
Read more
UPDATE 1-Canadian Natural Resources sells Cold Lake pipeline stake for C$527.5 mln
CALGARY, Dec 12 (Reuters) - Canadian Natural Resources Ltd
said on Monday it will sell its stake in the Cold Lake
pipeline to Inter Pipeline Ltd for C$527.5 million in
cash and stock, but will maintain access to the route to move
its crude.
Read more
said on Monday it will sell its stake in the Cold Lake
pipeline to Inter Pipeline Ltd for C$527.5 million in
cash and stock, but will maintain access to the route to move
its crude.
Read more
UPDATE 1-Venezuelans scramble to ditch largest bill ahead of surprise removal
CARACAS, Dec 12 (Reuters) - Venezuelans hastily dumped the
country's 100-bolivar bill, the largest denomination, on Monday
after the government said it would be pulled from circulation as
the crisis-wracked nation suffers what is believed to be the
world's highest inflation.
Read more
country's 100-bolivar bill, the largest denomination, on Monday
after the government said it would be pulled from circulation as
the crisis-wracked nation suffers what is believed to be the
world's highest inflation.
Read more
Brazil's Temer, in battle for survival, plans economic stimulus
BRASILIA, Dec 12 (Reuters) - President Michel Temer,
fighting for survival over corruption allegations against him
and his government, is planning new measures to jump start a
stalled economy, improve his dismal approval ratings and stifle
calls for his resignation.
Read more
fighting for survival over corruption allegations against him
and his government, is planning new measures to jump start a
stalled economy, improve his dismal approval ratings and stifle
calls for his resignation.
Read more
Dubai signs up 19 firms in new technology sector drive
DUBAI, Dec 12 (Reuters) - Dubai's government said on Monday
it had agreed to invest $33.5 million in the pilot projects and
prototypes of 19 companies as part of a new drive to develop its
technology sector.
Read more
it had agreed to invest $33.5 million in the pilot projects and
prototypes of 19 companies as part of a new drive to develop its
technology sector.
Read more
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