06282016Tue
Last update: Tue, 28 Jun 2016 06am

Americas

Markets - Energy - Americas

Colombia April crude output down 11.1pc year-on-year BOGOTA: Colombia produced an average of 914,000 barrels of crude oil per day (bpd) in April, the Mines and Energy Ministry said on Monday.The output was down 11.1 percent from the year before, according to Reuters calculations. The ministry did not give a reason for the decline.Natural gas production rose 7.28 percent year-on-year to 1.031 billion cubic feet per day.State-run Ecopetrol produces more than one-half of Colombia's oil, while Toronto-listed Pacific Exploration and Production Corp is the biggest private player.Copyright Reuters, 2016 ...

Markets - Energy - Americas

Exxon's Baton Rouge refinery prepares Tuesday restart of CDU: sources HOUSTON: Exxon Mobil Corp was preparing to restart a crude distillation unit on Tuesday at the 502,500-barrel-per-day Baton Rouge, Louisiana refinery, sources familiar with plant operations said on Monday. Exxon spokeswoman Lana Venable declined on Monday to discuss operations at the Baton Rouge refinery. "We continue to meet all contractual commitments," Venable said. The 90,000-bpd CDU called PSLA 7 was shut on May 17 for de-coking, which removes excess carbon that accumulates within the unit. ...

Markets - Energy - Americas

Oil slides on Iran supply, US rigs; Cushing draw cuts loss NEW YORK: Oil prices slid early on Monday as Iran vowed to ramp up output and rig reductions paused in the United States, then crude futures pared losses on data showing a stockpile drawdown at the U.S. delivery hub.Oil fell $1 a barrel or more in early trade, the day after the Mehr news reported that Iran's Deputy Oil Minister Rokneddin Javadi said the country's crude exports, excluding gas condensates, would reach 2.2 million barrels ...

Markets - Energy - Americas

Oil prices slip as Canada fires ebb NEW YORK: Oil prices slipped on Friday as the forest fires menacing Canada's oil sands region were contained, but the market remained generally firm amid growing expectations of a demand pickup.US benchmark West Texas Intermediate for delivery in June lost 41 cents to close at $47.75 a barrel.In London trade, Brent North Sea crude for July lost nine cents to $48.72 a barrel.Both contracts though were up from a week ago, when WTI closed at ...

Markets - Energy - Americas

Oil slips; pressured by strong dollar, stubborn glut NEW YORK: Oil prices slipped on Friday as a stronger dollar encouraged investors to cash in on a second week of gains and the market stayed focused on whether unplanned supply outages were reducing a stubborn global glut. The US dollar hit its highest level against the yen in more than three weeks and cruised to a third week of gains on mounting expectations for a summer US rate hike. A stronger dollar makes greenback-denominated ...

Markets - Energy - Americas

Brazil April fuel sales fall 4.9pc to 70.42mn barrels RIO DE JANEIRO: Brazilian fuel sales in April fell 4.9 percent to 70.42 million barrels, the country's petroleum regulator ANP said on Friday. Over the same period, gasoline sales rose 3.5 percent to 22.45 million barrels from 21.7 million barrels, diesel fuel sales fell 3.5 percent to 28.76 million barrels from 29.81 million barrels, and hydrated ethanol sales fell 23 percent to 7.3 million barrels from 9.43 million barrels, the ANP said. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Shell awarded tender to sell Nigerian crude to Uruguay HOUSTON: Oil firm Royal Dutch Shell was awarded this week a tender to sell 1 million barrels of Nigerian Bonny Light crude to Uruguay's state-run company ANCAP for delivery July 19-23 at Jose Ignacio port, traders said on Friday. This is the second tender in a row that Shell has won to supply Uruguay with crude. It previously won one with an offer combining Bonny Light and Brazilian Sapinhoa crude for June delivery. The prices ...