Energy Update
HOUSTON, July 1 (Reuters) - U.S. refiner PBF Energy
took ownership on Friday of a Los Angeles-area refinery
purchased from Exxon Mobil Corp for $537.5 million,
clearing the way for it to focus on further North American
acquisitions.
OSLO, July 2 (Reuters) - Norwegian oil workers and their
employers extended wage negotiations past a midnight deadline on
Saturday in a bid to avoid a strike that would cut the country's
oil and gas production, said the state mediator who is hosting
the talks.
PUERTO VARAS, Chile, July 1 (Reuters) - As part of efforts
to boost integration, member nations of the Pacific Alliance
trade bloc committed on Friday to developing a unified business
strategy for their respective fishing industries.
(Adds gas prices history, milestone)
July 1 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fifth consecutive week, betting prices
will continue to rise as production eases and power demand
remains high to meet air conditioning use during an unusually
hot start to the summer.
The increase came despite the surprise "Brexit" vote by
Britain on June 23 to leave the European Union, which rattled
The U.S. Army Corps of Engineers has signed a memorandum agreement with the Southeastern Power Administration, Tennessee Valley Authority and Tennessee Valley Public Power Association, Inc., to perform a variety of work at Corps hydropower projects.
July 1 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fifth consecutive week, betting prices
will continue to rise as production eases and power demand
remains high to meet air conditioning use during an unusually
hot start to the summer.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 12,095 contracts to 106,304 in the week to
July 1 (Reuters) - A U.S. grand jury has charged a Spanish
investor with lying to regulators probing insider trading ahead
of an August 2010 hostile bid for Potash Corp of Saskatchewan
Inc, even though he had been cleared of charges over
his own trading.
July 1 (Reuters) - Williams Cos Inc's board stood by
CEO Alan Armstrong and named a new chairman on Friday after six
directors resigned following a failed attempt to unseat him.
(Adds benchmarks, basin and offshore details, total average
cuts in the first half of 2016)
July 1 (Reuters) - U.S. drillers this week added oil rigs
for a fourth week in five, according to a closely followed
report Friday, in the best month of producers returning to the
well pad since August that signaled a near-two year rout in
drilling may have ended.
Drillers added 11 oil rigs in the week to July 1, the
NEW YORK, July 1 (Reuters) - After long considering
Argentina's equities, Manning & Napier Inc portfolio
manager Ben Rozin was finally motivated to buy late last year,
taking a stake in agriculture company Adecoagro SA.
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