Energy Update
LONDON, June 30 (Reuters) - Rebalancing the oil market could
take slightly longer as a result of the upsurge in uncertainty
following Britain's vote to leave the EU but most traders seem
to think it will not slow the process by more than 3-6 months.
June 30 (Reuters) - InterOil Corp, which agreed last
month to be acquired by Australia's Oil Search Ltd,
said it received an unsolicited offer from an unnamed bidder,
with whom it would engage in further talks.
BRASILIA, June 30 (Reuters) - Brazil's federal police on
Thursday raided the offices of at least 12 builders to seek
evidence of an alleged cartel in railway projects, Brazilian
antitrust watchdog Cade said.
June 30 (Reuters) - InterOil Corp, which agreed last
month to be acquired by Australia's Oil Search Ltd,
said it had received an unsolicited offer from an unnamed
bidder.
With large parts of the UK steel industry controlled by foreign interests, it should be obvious that “going it alone” is simply not an option.
TOKYO, June 30 (Reuters) - Chinese military activity is
escalating in the East China Sea, Japan's top military commander
said on Thursday, with Japanese emergency scrambles to counter
Chinese jets almost doubling in the past three months.
TOKYO, June 30 (Reuters) - Japan's top military commander
said on Thursday that Chinese military activity was escalating
in the East China Sea, with a spike in emergency jet scrambles
in the past three months.
Spot market prices for Australian thermal coal delivered to power stations in southern China have shrugged off their aura of doom and gloom.
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