Energy Update
AMSTERDAM, Aug 4 (Reuters) - Marine engineer Fugro
announced a further 600 job cuts and the sale of one
of its business units as it battles to cut costs in response to
weak oil and gas prices.
AMSTERDAM, Aug 4 (Reuters) - Marine engineer Fugro
on Thursday reported a sharp fall in core earnings in
the first half that missed analysts' expectations, hit by the
rout in the oil and gas market.
LONDON, Aug 4 (Reuters) - British Prime Minister Theresa May
will tell small business owners on Thursday that she wants to
help them take advantage of the opportunities provided by
Britain's vote to leave the European Union.
By Aparajita Saxena
Aug 4 (Reuters) - Southeast Asian stocks rose on Thursday,
with energy shares leading gains in five of the six markets, as
global crude prices continued their uptrend and investors
counted on the Bank of England to cut interest rates to a record
low.
Oil prices rose more than 3 percent in the previous session
after a larger-than-expected gasoline draw eased concerns about
global supply glut.
The winds of change are blowing in the global steel market, as heightened volatility and macroeconomic factors increasingly affect the supply chain.
Aug 4 (Reuters) - U.S. crude's slide below $40 a barrel this
week has hardened the resolve of oil market bears to drive
prices lower, with oversupply, refining cutbacks and a breakdown
in the oil/dollar trade spelling an end to this year's rally.
HOUSTON/NEW YORK, Aug 4 (Reuters) - The long-planned and
oft-delayed Sandpiper pipeline through the U.S. Midwest may not
be dead, but it appears to be on life support, a likely casualty
of the oil-and-gas industry's infrastructure overbuild amid a
two-year global oil rout.
(Thu, 04 Aug 2016) Natural gas plant liquids (NGPL) accounted for 22% of total U.S. petroleum and other liquid fuels production in 2015. In EIA's Annual Energy Outlook 2016 (AEO2016) Reference case, increases in NGPL account for a significant share of total increases in petroleum and other liquid fuels production over 2015?40.
HOUSTON, Aug 4 (Reuters) - A pact that 15 U.S. states signed
to jointly investigate Exxon Mobil Corp for allegedly
misleading the public about climate change sought to keep
prosecutors' deliberations confidential and was broadly written
so they could probe other fossil fuel companies.
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