06282016Tue
Last update: Tue, 28 Jun 2016 08pm

Markets - Energy

Markets - Energy - Middle East & Africa

Iran says Japan has bought more than 200,000 bpd in the last month DUBAI: Iran's oil export chief said on Monday that Japan had bought more than 200,000 barrels of oil per day from Tehran in the last month, indicating the two countries are ready to move beyond their current contract terms.Japan has a contract to buy 160,000 bpd from Iran but its purchases have gradually increased over the last three months, Mohsen Ghamsari, director for international affairs at the National Iranian Oil Company (NIOC), was quoted by the oil ministry's news agency SHANA as saying.Copyright Reuters, 2016

Markets - Energy - Asia

Oil extends rebound on weak dollar, easing fears of Brexit SINGAPORE: Oil prices extended gains in Asia Monday thanks to a weaker US dollar and easing fears of Britain's exit from the European Union. The dollar fell for the fourth day in a row on Monday, trading lower against most major currencies, making dollar-priced oil cheaper for those using other currencies. At about 0710 GMT, US benchmark West Texas Intermediate for July delivery was up 53 cents, or 1.10 percent at $48.41 a barrel. International ...

Markets - Energy - Asia

Oil extends gains as Brexit fears ease TOKYO: Oil extended gains in Asian trading on Monday as a weaker dollar and easing worries over Britain's possible exit from the European Union helped support crude.London Brent crude for August delivery was up 34 cents at $49.51 a barrel by 0235 GMT, after settling up $1.98, or 4.2 percent, at $49.17 on Friday.NYMEX crude for July delivery, which expires on Tuesday, was up 44 cents at $48.42 a barrel, after closing up $1.77, or ...

Markets - Energy - Americas

With oil price near $50, resilient US shale producers eye new chapter HOUSTON: Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency.That shale giants Hess Corp, Apache Corp and more than 25 other companies have beaten back OPEC's attempt to sideline them would have been unthinkable just months ago, when oil plumbed $26 a barrel and collapses were feared.To ...

Markets - Energy - Asia

Oil extends rebound on weak dollar, easing Brexit fears SINGAPORE: Oil prices extended gains in Asia Monday on the back of a weaker US dollar and easing fears of a UK exit from the European Union. The US dollar fell for the fourth day in a row on Monday, trading lower against most major currencies, making the dollar-priced commodity cheaper for those using other currencies and pushing up demand. At about 0245 GMT, US benchmark West Texas Intermediate for July delivery was up 44 ...

Markets - Energy - Middle East & Africa

Egypt plans to import up to 120 cargos of LNG in 2017 CAIRO: Egypt aims to import between 110 and 120 cargos of liquefied natural gas in 2017, the state-owned Egyptian Natural Gas Holding company (EGAS) told Reuters on Sunday. Separately, three trade sources said EGAS had purchased 10 cargoes of LNG from trade house Trafigura and one from PetroChina earlier this month. Egypt relies to a large extent on LNG to generate electricity for its 90 million people. Once an energy exporter, Egypt has turned into ...

Markets - Energy - Middle East & Africa

Colombia may crude output down 11.8pc year-on-year  BOGOTA: Colombia produced an average of 904,000 barrels of crude oil per day (bpd) in May, the Mines and Energy Ministry said on Friday.The output was down 11.8 percent from the year before, according to Reuters calculations. The ministry did not give a reason for the decline.Natural gas production fell 8.57 percent year-on-year to 960 million cubic feet per day.State-run Ecopetrol produces more than one-half of Colombia's oil, while Toronto-listed Pacific Exploration and Production Corp ...