Energy Update
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.
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.
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