Energy Update
YANGON, Aug 18 (Reuters) - China and Myanmar are set to sign
deals to build a strategic bridge near their border and two
hospitals in the Southeast Asian country, a Myanmar official
said on Thursday, as leader Aung San Suu Kyi meets high-level
officials in Beijing.
LAUNCESTON, Australia, Aug 18 (Reuters) - Asking whether the
world's major crude oil-exporting countries can reach a deal to
limit output is probably the wrong question. Asking whether it
matters if they do is more relevant.
MOSCOW, Aug 18 (Reuters) - The Russian government's shock
move to delay the sale of a stake in the Bashneft oil firm
reflects Kremlin unease before the elections and gives
Vladimir Putin's energy Tsar more time to raise money for a bid
by state company Rosneft.
AMSTERDAM, Aug 18 (Reuters) - Dutch offshore engineer
Boskalis reported a 36 percent fall in core earnings
in the first half but still beat analyst expectations for the
company, which has been hit by low oil prices and falling demand
in the global dredging market.
John Kingston on how an extreme policy approach of negative interest rates will have consequences, both intended and unintended, for markets, macroeconomic balances, investors, consumers, and policymakers.
With a formal impeachment of Brazil’s former president Dilma Rousseff of the Workers’ Party (PT) now expected at the end of August, talk has resurfaced of a change of command at Brazilian iron ore miner Vale.
(Thu, 18 Aug 2016) Crude oil production disruptions in Nigeria reached 750,000 barrels per day (b/d) in May 2016, the highest level since at least January 2009. The increased disruptions come as militants continue to focus attacks on oil and natural gas infrastructure in the West African region. Nigeria is a member of the Organization of the Petroleum Exporting Countries (OPEC) and was Africa's largest oil producer until Angola's oil production surpassed Nigeria's earlier this year.
MELBOURNE, Aug 18 (Reuters) - Australia's Origin Energy
suspended its final dividend in a bid to cut debt and trimmed
its guidance, after weak oil prices and spending on its
Australia Pacific LNG project nearly halved its underlying
annual profit.
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