Energy Update
TOKYO, July 5 (Reuters) - Idemitsu Kosan Co Ltd and
its founding family will meet next week on the family's
opposition to Japan's second-biggest refiner's plan to buy
smaller rival Showa Shell Sekiyu KK, the office of the
family's lawyer told Reuters on Tuesday.
HONG KONG, July 5 (Reuters) - Hong Kong stocks fell on
Tuesday as investors locked in some of their profit after three
straight sessions of gains with consumer staples and property
stocks leading the slide.
July 5 (Reuters) - As oil prices began recovering from
13-year lows early this year, U.S. shale producers ramped up
their hedges against another slump on a scale unseen for at
least a year, a Reuters analysis of company disclosures shows.
LUANDA, July 5 (Reuters) - A month ago, a 17 tonne shipment
of bananas left Angola for Portugal in what state media heralded
as a "first symbolic batch" in the resurgence of a farming
sector wiped out by civil war.
(Tue, 05 Jul 2016) Mexico is in the process of reforming much of its electricity industry. Earlier in 2016, Mexico opened up day-ahead and real-time trading in a new wholesale power market. Although wholesale prices briefly spiked for a handful of hours, average prices in most locations during the market's first six months of operation have ranged from 880 to 1,100 pesos per megawatthour (MWh), or about $48/MWh to $60/MWh.
* Foreigners set to be sellers after 5 days of stock buying
* Markets cautious before key U.S. data release
SINGAPORE, July 5 (Reuters) - Crude prices dipped in early
trading on Tuesday, with Brent falling back below $50 per barrel
as economic concerns took centre stage with many analysts saying
oil demand will stall later this year.
LONDON, July 4 (Reuters) - Hedge funds and other money
managers are betting diesel and heating oil will take over from
gasoline as the main driver of U.S. refinery profitability in
the second half of the year.
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