06262016Sun
Last update: Sun, 26 Jun 2016 05am

Americas

Markets - Energy - Americas

Brazil gasoline sales rose 4.7pc in May to 21.57mn barrels RIO DE JANEIRO: Brazilian fuel distributors sold 21.57 million barrels of c-blend gasoline in May, 4.7 percent more than a year earlier, while diesel sales fell 3.1 percent to 28.3 million barrels, the country's petroleum regulator ANP said on Monday.Sales of hydrated ethanol fell 8 percent in the month to 8.3 million barrels compared with a year earlier while total sales of refined products and biofuels in Brazil fell 2.2 percent to 70.4 million barrels in May 2016 compared with May 2015. Copyright Reuters, 2016 ...

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 US 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 ...

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 - Americas

Oil up as Brexit fears ease, still down for week NEW YORK: Oil prices rose on Friday for the first time in a week as the dollar fell and investors in global markets cautiously bought some riskier assets as anxiety eased about Britain's possible exit from the European Union. Crude futures were still on track for a weekly loss after daily declines Monday through Thursday.Brent crude futures' front-month contract were up $1.28, or 2.7 percent, at $48.47 a barrel by 11:14 a.m. (1514 GMT). The ...

Markets - Energy - Americas

Oil slides 3pc, hits one-month low as dollar jumps NEW YORK: Oil prices slumped about 3 percent to hit one-month lows on Thursday, down a sixth straight day, as the dollar's rally on fears of Britain's exit from the European Union hammered commodities priced in the currency. Crude futures bounced slightly off session lows as sterling briefly turned positive against the dollar after campaigning was suspended for next week's EU membership referendum following a deadly attack on a lawmaker for Britain's opposition Labour Party. ...

Markets - Energy - Americas

Venezuela still hopes for OPEC, non-OPEC deal as Iran oil output rises RUSSIA: Venezuelan oil minister Eulogio del Pino said on Thursday fellow OPEC member Iran would reach pre-sanction oil output levels by September, allowing a revival of talks on a global oil production freeze. Speaking to Reuters on the sidelines of Russia's main economic forum in St. Petersburg, Del Pino said the freeze idea could be discussed at an informal meeting of OPEC and non-OPEC producers in Algeria in September. He also said he would propose ...

Markets - Energy - Americas

Canada's energy regulator starts review of oil pipeline to east VANCOUVER: Canada's energy regulator on Thursday officially launched its 21-month review of TransCanada Corp's Energy East pipeline, which would carry crude from Alberta's oil sands to refineries and export terminals in Eastern Canada. The National Energy Board, which has faced public criticism over its reviews of major energy infrastructure projects, said the Energy East review will be unique in that the general public will be given the opportunity to provide input. The review will also ...