Energy Update
LONDON, Aug 1 (Reuters) - Hedge funds have turned very
bearish towards both crude and refined products over the last
two months amid signs of an oversupply of gasoline.
LUANDA, Aug 1 (Reuters) - Two rebels and 17 Angolan soldiers
were killed in two incidents in the oil-producing province of
Cabinda at the weekend, the separatist Front for the Liberation
of the Enclave of Cabinda (FLEC) said on Monday.
High regional gas prices in South America, most notably Argentina, are attracting US exports of domestically produced LNG, with more than 70% of landed cargoes arriving on the continent so far this year, according to new data compiled by Platts Analytics' Eclipse Energy.
LAUNCESTON, Australia, Aug 1 (Reuters) - Sometimes actions
really do speak louder than words, with Saudi Arabia's slashing
of crude oil prices to customers in Asia contrasting with recent
comments from the kingdom's top oil executive that chasing
market share isn't a priority.
LONDON, Aug 1 (Reuters) - Britain will continue to seek a
strong relationship with China, a spokeswoman for Prime Minister
Theresa May said on Monday following the decision last week to
delay approval of a partly Chinese-funded nuclear reactor
project.
LONDON, Aug 1 (Reuters) - Britain will continue to seek a
stronger relationship with China, a spokeswoman for Prime
Minister Theresa May said on Monday following the decision last
week to delay approval of a partly Chinese-funded nuclear
reactor project.
MILAN, Aug 1 (Reuters) - Asian spot liquefied natural gas
(LNG) prices edged up last week on fresh demand from Argentina
as supply remained tight and traders covered short positions,
but falling crude oil prices may mark a turning point in a
months-long gas rally.
Aug 1 (Reuters) - Diamond Offshore Drilling Inc
reported a higher-than-expected quarterly profit as the company
cut costs to cope with lower demand for its rigs amid a slump in
oil prices.
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