Energy Update
SYDNEY/WELLINGTON, Aug 4 (Reuters) - Australian shares rose
on Thursday, taking a lead from Wall Street and defying
weaker-than-expected retail sales numbers, while New Zealand
shares edged higher.
TOKYO, Aug 4 (Reuters) - Shares of Showa Shell Sekiyu KK
and Idemitsu Kosan Co Ltd tumbled on Thursday
after the Idemitsu founding family upped the ante in its efforts
to block a plan by Idemitsu management to acquire the firm's
smaller rival.
LONDON, Aug 3 (Reuters) - Rebalancing the oil market is
proving a long and frustrating process because the oil-exporting
countries hit hardest by the slump were the themselves some of
the fastest growing oil consumers before prices tumbled.
Aug 3 (Reuters) - Williams Cos Inc shareholder
Corvex Management LP has asked the U.S. oil and gas pipeline
company to revamp its board with a majority of new directors by
replacing members or adding new ones, a regulatory filing on
Wednesday showed.
SAN FRANCISCO, Aug 3 (Reuters) - Tesla Motors Inc
reported a steeper than expected quarterly loss on Wednesday on
higher spending at its vehicle and battery factories, and said
adjusted profitability could be within sight if the company
meets its delivery goals.
Honeywell UOP and ExxonMobil announced a technology licensing agreement with Hainan Handi Sunshine Petrochemical, marking the first project in China under a joint marketing alliance for premium fuels and lubes between the two technology providers.
Aug 3 (Reuters) - First Solar Inc, the largest U.S.
solar equipment manufacturer, on Wednesday dismissed concern
about slowing growth in the industry, and posted quarterly
profit and sales beat analysts' estimates due to higher demand.
MONTREAL/NEW YORK, Aug 3 (Reuters) - Irving Oil said on
Wednesday it agreed to buy Ireland's only refinery from Phillips
66, scooping it up at a discount in a deal that will
extend the Canadian company's reach across the Atlantic.
Aug 3 (Reuters) - Tesla Motors Inc reported its
13th straight quarterly loss as a rise in sales of its Model S
and Model X electric cars failed to make up for the huge cost of
ramping up production.
WASHINGTON/SAN FRANCISCO, Aug 3 (Reuters) - Democratic U.S.
presidential candidate Hillary Clinton's campaign has solicited
advice from California regulators on how to revamp a federal
regulation requiring biofuels like corn-based ethanol be blended
into the nation's gasoline supply, according to campaign and
state officials.
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