Energy Update
LONDON, July 4 (Reuters) - The post-Brexit recovery across
European markets sputtered to a halt on Monday with major equity
indices lower and safe-haven demand for precious metals helping
the price of silver surge to near a two-year high.
BRASILIA, July 4 (Reuters) - Brazil's federal police served
five arrest warrants and conducted search and seizure operations
in three states on Monday, in the latest round of a sweeping
corruption probe around state-run oil firm Petroleo Brasileiro
SA.
OSLO, July 4 (Reuters) - By 2022, Norway could realise every
step in the development of a technology many see as critical to
reducing global carbon emissions, carbon capture and storage
(CCS), it said on Monday.
DUBAI, July 4 (Reuters) - Cairo's main stock index
rose 2.9 percent on Monday on expectations of a further currency
devaluation this fiscal year, while Gulf stock markets closed on
a strong footing before the Eid al Fitr holidays.
LAGOS, July 4 (Reuters) - Twitter on Monday
suspended the account of Niger Delta Avengers, a militant group
that has carried out a series of attacks on oil facilities in
Nigeria in the last few months which pushed the country's crude
production to 30-year lows.
ESSEN, Germany, July 4 - German industrial group
Thyssenkrupp announced a further shakeup of its
Industrial Solutions unit, which it is restructuring in the face
of weak demand for plant engineering and challenges in its naval
business.
HANOI, July 4 (Reuters) - Vietnamese families living in
slums along the Red River in Hanoi are using red plastic buckets
and old printers to help light homes, cook meals and slash
electricity costs by as much as a third.
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.
SYDNEY, July 4 (Reuters) - A small Australian miner on
Monday bought Rio Tinto's Blair Athol coal mine in
Queensland state for a token A$1, swooping in as big miners
offload unprofitable assets after years of low coal prices.
Is a peace dividend in the form of more investment–and ultimately more production and jobs–coming to Colombia’s beleaguered oil and gas sector?
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