Energy Update
The fight to halt construction of the Dakota Access crude pipeline made its way to the US energy capital as dozens of activists marched in downtown Houston.
RIO DE JANEIRO, Oct 14 (Reuters) - Brazil's state-run oil
company Petrobras said on Friday it was cutting fuel
prices as part of a new policy tracking international benchmarks
more closely after politically driven pricing cost the company
billions in recent years.
JUBA, Oct 14 (Reuters) - Fighting in South Sudan killed at
least 60 people this week, the military said on Friday, stoking
fears the region could plunge back into full-scale war.
CARACAS, Oct 14 (Reuters) - Venezuela's state oil company
PDVSA filed a lawsuit against local newspaper El Nuevo Pais on
Friday, accusing it of defamation and damaging efforts to
persuade investors to take up a $5.3 billion bond swap offer.
BRASILIA, Oct 14 (Reuters) - Brazilian Finance Minister
Henrique Meirelles said on Friday that the decision by the
state-run oil company Petrobras earlier in the day
to cut fuel prices would have a positive effect on reducing
inflation.
Oct 14 (Reuters) - The number of rigs drilling for oil in
the United States rose again this week, extending one of its
best recoveries with no cuts for 16 straight weeks, with
analysts expecting more additions as crude prices hold over $50
a barrel.
Drillers added 4 oil rigs in the week to Oct. 14, bringing
the count up to 432, the most since February, but still below
595 rigs a year ago, according to energy services firm Baker
Oct 14 (Reuters) - Citigroup Inc, the fourth-biggest
U.S. bank by assets, beat expectations for third-quarter net
profit on Friday after trading revenue surged 35 percent.
LONDON, Oct 14 (Reuters) - A British court has ruled in
favour of Goldman Sachs in a $1.2 billion dispute with Libya's
$67 billion sovereign wealth fund over nine disputed trades, a
spokesman for Goldman Sachs said on Friday.
LONDON, Oct 14 (Reuters) - A UK court has ruled in favour of
Goldman Sachs in a $1.2 billion dispute with Libya's $67 billion
sovereign wealth fund over nine disputed trades, a spokeman for
Goldman Sachs said on Friday.
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