Energy Update
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.
2016 was marked by two distinct halves for gold. The year started off on a rip for the price. Now the spot price isn't far off from where it started.
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.
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.
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.
Saudi Aramco has signed an agreement with Indonesia's state-owned oil and gas firm Pertamina to jointly own, upgrade and operate the Cilacap refinery in central Java, Indonesia with an investment of $5bn.
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.
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.
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.
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