Energy Update
SAO PAULO, Oct 21 (Reuters) - Brazil's state-run oil company
Petrobras said on Friday its board approved
settlements for four lawsuits sought by investors in New York
federal court and it currently estimates a provision of $353
million to cover the costs.
Oct 21 (Reuters) - A pipeline breach on Friday spilled
gasoline in the vicinity of the Susquehanna River in Lycoming
County, Pennsylvania, environmental authorities said, prompting
a utility firm to warn customers to reduce water use as a
precaution.
TORONTO, Oct 21 (Reuters) - Canada's main stock index rose
to a 16-month high on Friday as shares of energy and materials
companies led broad-based gains and investors raised bets on a
rate cut from the Bank of Canada.
OTTAWA, Oct 21 (Reuters) - Canadian Prime Minister Justin
Trudeau is usually greeted by cheering crowds when he goes out
in public but received a less pleasant welcome in Hamilton on
Friday - a handful of pumpkin seeds thrown by a green activist.
BUENOS AIRES, Oct 21 (Reuters) - Companies that ship grains
from Argentina including Glencore, Cargill, Cofco, and Bunge,
will invest some $1.2 billion over three years to improve
infrastructure in the main port network of Rosario, the
government said on Friday.
CARACAS, Oct 21 (Reuters) - Outraged opposition leaders
vowed on Friday to focus their battle to remove socialist
President Nicolas Maduro on peaceful street protests after
judicial and electoral authorities shot down their drive for a
referendum against him.
MUMBAI, Oct 21 (Reuters) - India's telecoms regulator on
Friday recommended the top three network operators be fined a
combined 30.5 billion rupees ($455 million), saying they were
denying new entrant Reliance Jio sufficient interconnection
points.
(Adds benchmarks, additions in Permian)
Oct 21 (Reuters) - The number of rigs drilling for oil in
the United States this week rose by the most in two months,
extending its second-best streak of no cuts into a 17th straight
week, with analysts expecting more additions as crude prices
hold over $50 a barrel.
Drillers added 11 oil rigs in the week to Oct. 21, bringing
the total count up to 443, the most since February, but still
Oct 21 (Reuters) - The number of rigs drilling for oil in
the United States rose again this week, extending its
second-best streak of no cuts into a 17th straight week, with
analysts expecting more additions as crude prices hold over $50
a barrel.
Drillers added 11 oil rigs in the week to Oct. 21, bringing
the total count up to 443, the most since February, but still
below the 594 rigs seen a year ago, according to energy services
ASHGABAT, Oct 21 (Reuters) - Turkmenistan's gross domestic
product growth slowed to 6.2 percent in January-September from
7.5 percent a year earlier, the Central Asian nation's state
news agency reported on Friday.
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