Energy Update
ANKARA, Aug 1 (Reuters) - Iran's Oil Minister says the oil
market is oversupplied but predicts balance between demand and
supply will be restored, Iranian state television reported on
Monday.
ANKARA, Aug 1 (Reuters) - Iran's Oil Minister says the oil
market is oversupplied but predicted balance between demand and
supply to be restored, Iranian state television reported.
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.
When Vladimir Putin greenlighted the sale of Russia’s 50% stake in Bashneft in May, it became a test case for how the government may reshape Russia’s oil industry.
In June, the UK electorate voted to leave the European Union. Now, the question is: will the UK’s departure be a “Soft Brexit” or a “Hard Brexit” and what will be the impact for the renewables industry?
(Mon, 01 Aug 2016) The U.S. Energy Information Administration recently released the <em>What Drives Petroleum Product Prices</em> website that identifies and tracks several fundamental and financial market factors that influence spot and futures prices of gasoline and distillate, the two most consumed petroleum products in the United States. This website offers charts that highlight changes in consumption, production, inventories, and trade, mostly related to the U.S.
SYDNEY/WELLINGTON, Aug 1 (Reuters) - Australian shares
rallied to a near one-year peak on Monday, with gains across the
board as growing speculation of a rate cut by the Reserve Bank
of Australia (RBA) kept investors bullish in the lead-up to
earnings season.
July 31 (Reuters) - Tesla Motors Inc and SolarCity
Corp could announce they have agreed to merge as early
as Monday, people familiar with the matter said, setting the
stage for a campaign to convince the two companies' shareholders
to back the deal.
LONDON, July 29 (Reuters) - Middle distillates remain the
one ray of hope for U.S. oil refiners still struggling to clear
a glut of gasoline caused by over-production earlier in the
year.
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