Energy Update
TOKYO, July 4 (Reuters) - Idemitsu Kosan Co passed
over concerns that the son of its founder raised privately about
plans for Japan's second-biggest refiner to merge with smaller
rival Showa Shell, his lawyer told Reuters in an
interview on Friday.
MANILA, July 4 (Reuters) - The Philippines will retain coal
as a core part of its electricity generation mix due to its
dependability, though it will seek to boost the use of cleaner
fuels and renewable energy, the country's energy minister said
on Monday.
The base metals complex seemed to register only a small bump from the UK's EU referendum, recovered quickly and is now higher than it was before the vote.
The British pound’s sharp slide to 31-year lows versus the US dollar in the volatile aftermath of last month’s Brexit vote could potentially hike the UK’s polymer import costs by $100 million.
RIO DE JANEIRO/NEW DELHI, July 4 (Reuters) - Petrobras has
warned its Indian partners in a huge offshore project to not
expect oil from the site until 2022, according to sources, a
fresh sign of how low oil prices and the state-owned company's
corruption scandal and mountain of debt are dragging on Brazil's
energy industry.
DOHA, July 4 (Reuters) - Kuwait foiled three planned Islamic
State attacks on the country, including a plot to blow up a
Shi'ite mosque, after launching raids that resulted in the
arrest of militants, state news agency KUNA said on Monday.
Uganda has entered into talks with South Korea's SK Engineering-led consortium for the development of crude oil refinery in the country, with an investment of $4bn.
DOHA, July 4 (Reuters) - The energy minister of Saudi
Arabia, the world's largest oil exporter, and the secretary
general of OPEC agree that the global oil market is heading
toward a balance and that prices are starting to settle,
according to comments carried by Saudi state news agency SPA.
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